According to Persistence Market Research, Shipping containers Market would generate $8.288 Billion worldwide in 2022. Leading companies are likely to occupy a significant proportion of the worldwide shipping container market in 2022, with the demand for shipping containers expected to increase primarily as a result of rising seaborne commerce activity across important nations and regions. The shipping container market is anticipated to develop at a CAGR of 4.6% from 2023 to 2033, reaching US$ 13.68 Billion.
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The market for shipping containers is driven by the global trade industry, as shipping containers are a key element in the transportation of goods around the world. The demand for shipping containers is influenced by several factors, including the level of economic activity, the growth of e-commerce, and the expansion of global supply chains.
There are various types of shipping containers available on the market, including dry containers, reefer containers, and special containers, such as open-top containers and flat rack containers. Dry containers, which are the most common type, are used to transport non-perishable goods and are typically made of steel or aluminum. Reefer containers are used to transport perishable goods, such as fruits and vegetables, and are equipped with refrigeration systems. Special containers are designed for specific types of cargo, such as heavy machinery or oversized items.
The shipping container market is highly competitive, with a large number of manufacturers and leasing companies offering a range of products and services. In recent years, the market has been impacted by the COVID-19 pandemic, which has disrupted global supply chains and led to fluctuations in demand for shipping containers.
Overall, the shipping container market is expected to continue to grow in the coming years, driven by the increasing global trade and the expanding e-commerce industry.
Key Players:
- China International Marine Containers Co., Ltd.
- Singamas Container Holdings Limited
- CXIC Group Containers Company Limited
- Maersk Container Industry
- Sea Box, Inc.
- W&K Container
- YMC Container Solutions
- TLS Offshore Containers International
- OEG OFFSHORE LIMITED
- CARU Containers B.V.
- IWES LTD.
- Others.
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Key Segments Covered in shipping container Industry Analysis
Shipping container Market by product Type
- Dry Containers
- 20’ (20 ft.)
- 40’ (40 ft.)
- 40’ High Cube
- Others
- Reefer Containers
- 20’ (20 ft.)
- 40’ (40 ft.)
- 40’ High Cube
- Others
- Tank Containers
- Offshore Containers
Shipping Containers Market by Material
- Steel
- Aluminum
- FRP
- Hybrid
Shipping Containers Market by End User
- Bulk Commodity
- Automotive
- Capital Equipment
- Pharmaceuticals
- Chemicals
- Perishable and Frozen Items
- Others
Shipping Containers Market by Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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