Shipping Container Market

The Global Shipping Container Market was valued at USD 7118.8 Million in 2021 and is expected to reach USD 15737.5 Million by 2028 with a CAGR of 12.0% over the forecast period.

Shipping Container Market Scope

The shipping container is a system of intermodal freight transport using intermodal containers and also called containerization and ISO containers. The shipping containers have standardized dimensions and sizes. It can be loaded and unloaded, storage, transported proficiently over long distances and transferred from one form of transport to another form of transport, like container ships, rail transport and trucks without being unloading goods at intermediate points. The handling of containers is completely mechanized, that is all handling is done by using cranes and forklifts. Shipping containers originated quite a few centuries ago, but was not well developed after 2nd World War it is widely applied in all countries.

Shipping Container Market is segmented on the basis of size, product, and region. Based on the size, the shipping container market is divided into small containers (20 feet), large containers (40 feet), and high cub containers. Based on product, the shipping container market is segmented into dry storage, flat rack, refrigerated, special purpose, and others.

Shipping Container Segmentation

By Container Type

• Dry Containers
• Reefer Containers (Refrigerated)
• Open-Top Containers
• Flat Rack Containers
• Tank Containers
• Offshore Containers
• Others

By Size

• 20-foot Containers
• 40-foot Containers
• 45-foot Containers
• Others

By Application

• Freight Transport
• Shipping
• Warehousing
• Offshore Drilling
• Container Homes and Structures
• Other

Key players of the Global Shipping Container Market are

• China International Marine Containers (CIMC)
• CMA CGM
• COSCO Shipping Development
• Evergreen Marine Corporation
• Hapag-Lloyd
• Hyundai Merchant Marine
• Maersk Container Industry
• MSC (Mediterranean Shipping Company)
• Pacific International Lines (PIL)
• Seaco
• Singamas Container Holdings
• Textainer Group Holdings
• Triton International
• Wan Hai Lines
• ZIM Integrated Shipping Services
• Others

Increasing Growth in Seaborne Trade is a Major Factor Driving the Growth of Global Market.

Increasing use of containerized transport of goods by ship is highly cost-effective as compared to the other transportation modes which foster the market growth. In addition, the increasing number of container ships and capacity of ships is accelerating the demand of global shipping container market. Manufacturing of container ship has also increased due to the demand of good transportation. However, increasing price of steel and fright rate may hamper the growth of the shipping container market. Price rate of steel in India is goes from 31500/metric ton in October 2017 to 39200/metric ton in August 2018. Government tax reformation and increasing fuel price is affecting on fright rate. Moreover, the development of customized and special purpose containers can provide huge opportunities for global shipping container market growth.

Asia-Pacific is Expected to Dominate the Global Market

Asia-Pacific is anticipated to capture the largest market share of the global shipping container market due to the presence of leading manufacturers in China. In addition, increasing demand for goods and seaborne trade in countries like China, India and Indonesia is also supplementing the growth of the shipping container market in this region. In India market growth is attributed to the demand of goods is increased and government policies being healthy for the market.

Europe is the second-largest shareholder of the global shipping container market. Europe is highly dependent on seaborne trade with the rest of the world and within European countries. For example; 74% of goods imported and exported in European countries are done by sea, this shows the growth of the shipping container market.

Regions and Country

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC
• Latin America
• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

The Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2028
Market Size in 2021:	USD 7118.8 Million
Base year considered	2020
Forecast Period CAGR %:	12.0%
Market Size Expected in 2028:	USD 15737.5 Million
Tables, Charts & Figures:	175
Pages	300
Shipping Container Companies	China International Marine Containers (CIMC), CMA CGM, COSCO Shipping Development, Evergreen Marine Corporation, Hapag-Lloyd, Hyundai Merchant Marine, Maersk Container Industry, MSC (Mediterranean Shipping Company), Pacific International Lines (PIL), Seaco, Singamas Container Holdings, Textainer Group Holdings, Triton International, Wan Hai Lines, ZIM Integrated Shipping Services, Others.
Segments Covered	By Size, By Product
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa