The global shipping container market size is expected to grow from $9.37 billion in 2021 to $10.09 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The global shipping containers market size is expected to grow to $13.48 billion in 2026 at a CAGR of 7.5%.
What is the Global Shipping Containers Market?
The shipping containers market consists of the sales of shipping containers and related services by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing shipping containers with suitable strength to withstand handling, storage, and shipment. Shipping containers range from ubiquitous corrugated boxes to large steel boxes used for intermodal shipments. Only goods and services traded between entities or sold to end consumers are included.
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What drives the Global Shipping Containers Market?
An increase in demand for cargo transportation through ships contributed to the growth of the shipping container market. The demand for the transportation of cargo through waterways is growing owing to factors such as cost-efficiency and secured way of moving goods as compared to other means of transportation. For instance, in 2021, More goods were moved between UK major ports and the EU than any other region in 2020, accounting for 44% (190.1 million tonnes) of total major port traffic. However, Italy was the major short sea shipping country in the EU in 2020, with a share of more than 14 % of the total EU short sea shipping tonnage. Moreover, ships can carry more cargo from one place to another within a short period. This in turn is projected to boost the growth of the shipping containers market.
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Global Shipping Containers Market Segments
The global shipping containers market is segmented:
By Product Type: Dry Storage Container, Flat Rack Container, Refrigerated Container, Special-Purpose Container, Open Top Container, Double Door Container, Others
By Container Size: Small Container, Large Container, High Cube Container
By End-User: Food and Beverages, Consumer Goods, Healthcare, Industrial Products, Vehicle Transport, Others
By Geography: The regions covered in the shipping containers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Shipping Containers Global Market Report 2022provides market size and growth forecasts for the global shipping containers market, global shipping containers market share, shipping containers market segments and geographies, shipping containers market competitive landscape including leading competitors’ revenues, profiles and market shares. The shipping containers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Shipping Containers Industry Playersinclude Hoover Container Solutions, CXIC Group, Shanghai Universal Logistics Equipment, Maersk Container Industry, Charleston Marine Containers, Hoover Container Solutions, CIMC, Sea Box, TLS Offshore Containers International Pvt Ltd, and China International Marine Containers Co. Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
