What Does the Historical and Current Shipping Containers Market Size Trend Indicate?
The shipping containers market has seen considerable growth due to a variety of factors.
• Over the past few years, the shipping containers market has seen robust growth. It is projected to rise from $11.46 billion in 2024 to $12.27 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%.
This growth in the historic period can be linked to the emergence of multinational corporations, the development of port infrastructure, industrialization and container standardization, economic progress, as well as market integration, and also due to advancements in intermodal transportation.
What Are The Predictions for The Shipping Containers Market Size In The Coming Years?
The shipping containers market is expected to maintain its strong growth trajectory in upcoming years.
• The market for shipping containers is predicted to expand robustly in the coming years, reaching a total value of $16.84 billion in 2029 with a compound annual growth rate (CAGR) of 8.2%.
The projected growth in the forecast period is due to factors such as the use of these containers in culture and art, the hospitality and tourism industry, pop-up retail and events, disaster relief and temporary housing, as well as logistics and warehouse solutions. Some significant trends expected in the forecast period are modular construction, the use of sustainable construction materials, urbanization and housing requirements, pop-up retail and events, disaster relief and temporary housing, as well as customization and design aesthetics.
Which Key Drivers Are Propelling Th Shipping Containers Market's Growth?
The surge in cargo transportation demand via ships has been a significant factor in the expansion of the shipping container market. The preference for cargo movement through waterways is on the rise due to its cost-effective and safer nature compared to other transportation methods. For instance, data from the U.S. Department of Transportation, a US-based government department, in December 2023 revealed that exports and imports accounted for 11.7 percent of the tonnage and 20.6 percent of the freight shipment value. These numbers are forecasted to increase, with international commerce predicted to constitute 13.8 percent of tonnage and 21.7 percent of the freight value transported across the United States by 2050. This anticipated increase is likely to further stimulate the growth of the shipping containers market.
What Are The Core Segments Of The Globa Shipping Containers Market?
The shipping containers market covered in this report is segmented –
1) By Product Type: Dry Storage Container, Flat Rack Container, Refrigerated Container, Special-Purpose Container, Open Top Container, Double Door Container, Other Product Types
2) By Container Size: Small Container, Large Container, High Cube Container
3) By End Use: Food And Beverages, Consumer Goods, Healthcare, Industrial Products, Vehicle Transport, Other End-Uses
Subsegments:
1) By Dry Storage Container: Standard Dry Container, High Cube Dry Container
2) By Flat Rack Container: Fixed End Flat Rack, Collapsible Flat Rack
3) By Refrigerated Container: Standard Refrigerated Container, High Cube Refrigerated Container
4) By Special-Purpose Container: Tank Container, Bulk Container, Offshore Container
5) By Open Top Container: Standard Open Top Container, High Cube Open Top Container
6) By Double Door Container: Standard Double Door Container, High Cube Double Door Container
7) By Other Product Types: Modified Containers, Portable Storage Units
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Which Emerging Trends Are Reshaping The Shipping Containers Market Size?
Major companies in the shipping containers market are prioritizing the development of cloud-based technologies to enhance tracking, inventory management, and logistic operations. The term cloud-based technologies refer to utilizing remote servers via the Internet for storing, managing, processing data, or running software. For instance, in March 2023, Meratus, a shipping company based in Indonesia, introduced the SMARCO-Smart Container to cater to the growing need for safer and more efficient container shipping. By leveraging advanced Internet of Things (IoT) sensors, GPS tracking, and cloud-based technologies, SMARCO promises to offer businesses full visibility and control of shipping containers.
Who Are the Key Players in the Shipping Containers Market?
Major companies operating in the shipping containers market include:
• A.P. Moller–Maersk Group
• China International Marine Containers (Group) Co Ltd. (CIMC)
• COSCO SHIPPING Development Co Ltd.
• Triton International Limited
• CXIC Group Containers Company Limited
• Container Corporation of India Limited
• Textainer Group Holdings Limited
• Shanghai Universal Logistics Equipment Co Ltd.
• Maersk Container Industry A/S
• THIELMANN Group
• OEG Offshore Limited
• Sea Box Inc.
• Hoover Container Solutions
• Florens Container Services B.V.
• Cronos Containers Ltd.
• BSL Containers Ltd.
• CARU Containers B.V.
• Charleston Marine Containers Inc.
• Klinge Corporation
• UES International Pty Ltd
• TLS Offshore Containers International Pvt Ltd
• SCHüTZ Container Systems Inc.
• Pacific Tycoon Limited
• W&K Containers Inc.
• American Intermodal Container Manufacturing Inc. (AICM)
• Storstac Inc.
• TRS Containers
• Rava Group Containers
• Skelton Container Services Ltd.
• Global Container Solutions Ltd.
What are the Regional Insights into the Shipping Containers Market?
Asia-Pacific was the largest region in the shipping containers market in 2024. The regions covered in the shipping containers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
