Shipping Containers Market Report 2023

Shipping Containers Global Market Report 2023 – By Product Type (Dry Storage Container, Flat Rack Container, Refrigerated Container, Special Purpose Container, Open Top Container, Double Door Container, Other Product Types), By Container Size (Small Container, Large Container, High Cube Container), By End Use (Food And Beverages, Consumer Goods, Healthcare, Industrial Products, Vehicle Transport, Other End Uses) – Market Size, Trends, And Global Forecast 2023-2032

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A shipping container refers to Strong metal boxes are used to move items from one location to another; they are typically built of steel and designed to be durable enough to handle lengthy shipments. They range in size from ubiquitous corrugated boxes to large steel boxes used for intermodal shipments.

The shipping containers market covered in the report is segmented by product type into dry storage containers, flat rack containers, refrigerated containers, special-purpose containers, open top containers, double door containers, and others; by container size into a small container, large containers, high cube container; by end-use into food and beverages, consumer goods, healthcare, industrial products, vehicle transport, others.

The shipping containers market research report is one of a series of new reports from The Business Research Company that provides shipping containers market statistics, including shipping containers industry global market size, regional shares, competitors with a shipping containers market share, detailed shipping containers market segments, market trends and opportunities, and any further data you may need to thrive in the shipping containers industry. This shipping container market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The global shipping containers market size grew from $10.24 billion in 2022 to $11.18 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The shipping containers market size is expected to grow to $15.88 billion in 2027 at a CAGR of 9.2%.

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 a more secure way of moving goods as compared to other means of transportation. For instance, in September 2022, according to Eurostat, a Luxembourg-based statistical agency of the European Union, the volume of European road freight increased by 6.5% between 2020 and 2021, primarily due to significant growth in all types of operations. Furthermore, according to the International Air Transport Association in July 2021, air cargo rates were 2.79$/kg, or 55.9% higher in 2020 than in 2019 globally due to supply chain disruption. 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.

The high costs associated with shipping containers are expected to restrain the growth of the shipping container market. The price of shipping containers depends on their size and condition. The bigger the container, the higher the price. And, the newer the unit, the more expensive it could be. For instance, in the USA, the average cost for a used container is around $2,000. The larger 40’ unit that could be altered for houses ranges from $3,000 to $4,000 for the used one and is approximately $6,000 for a brand-new unit. Moreover, there are other costs such as shipping container home plans, and foundation costs involved which make them less affordable for purchase. Thus, the high costs of shipping containers are projected to limit the growth of the shipping container market over the forecast period.

In April 2021, Arcus Infrastructure Partners, LLP, a UK-based company, acquired Gem Containers Limited for an undisclosed amount. With this acquisition, Arcus broadens its container product portfolio, expands its customer base, and expands its product reach into Europe. Gem Containers Limited is a UK-based metal company pioneering in the manufacturing and distribution of tank containers.

Major players in the shipping containers market are 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.

Asia-Pacific was the largest region in the shipping containers market in 2022. The regions covered in the shipping containers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the shipping containers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The shipping container market consists of sales of tunnel containers, open-side storage containers, general-purpose containers, insulated containers, half-height containers, and swap body containers.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global shipping containers market 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

    Table Of Contents

    1. Executive Summary

    2. Shipping Containers Market Characteristics

    3. Shipping Containers Market Trends And Strategies

    4. Shipping Containers Market - Macro Economic Scenario

    4.1. COVID-19 Impact On Shipping Containers Market

    4.2. Ukraine-Russia War Impact On Shipping Containers Market

    4.3. Impact Of High Inflation On Shipping Containers Market

    5. Shipping Containers Market Size And Growth

    5.1. Global Shipping Containers Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Shipping Containers Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Shipping Containers Market Segmentation

    6.1. Global Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Dry Storage Container

    Flat Rack Container

    Refrigerated Container

    Special-Purpose Container

    Open Top Container

    Double Door Container

    Other Product Types

    6.2. Global Shipping Containers Market, Segmentation By Container Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Small Container

    Large Container

    High Cube Container

    6.3. Global Shipping Containers Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Food And Beverages

    Consumer Goods

    Healthcare

    Industrial Products

    Vehicle Transport

    Other End Users

    7. Shipping Containers Market Regional And Country Analysis

    7.1. Global Shipping Containers Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Shipping Containers Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Shipping Containers Market

    8.1. Asia-Pacific Shipping Containers Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Shipping Containers Market

    9.1. China Shipping Containers Market Overview

    9.2. China Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Shipping Containers Market

    10.1. India Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Shipping Containers Market

    11.1. Japan Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Shipping Containers Market

    12.1. Australia Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Shipping Containers Market

    13.1. Indonesia Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Shipping Containers Market

    14.1. South Korea Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Shipping Containers Market

    15.1. Western Europe Shipping Containers Market Overview

    15.2. Western Europe Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Shipping Containers Market

    16.1. UK Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Shipping Containers Market

    17.1. Germany Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Shipping Containers Market

    18.3. France Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Shipping Containers Market

    19.1. Eastern Europe Shipping Containers Market Overview

    19.2. Eastern Europe Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Shipping Containers Market

    20.1. Russia Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Shipping Containers Market

    21.1. North America Shipping Containers Market Overview

    21.2. North America Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Shipping Containers Market

    22.1. USA Shipping Containers Market Overview

    22.2. USA Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Shipping Containers Market

    23.1. South America Shipping Containers Market Overview

    23.2. South America Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Shipping Containers Market

    24.1. Brazil Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Shipping Containers Market

    25.1. Middle East Shipping Containers Market Overview

    25.2. Middle East Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Shipping Containers Market

    26.1. Africa Shipping Containers Market Overview

    26.2. Africa Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Shipping Containers Market Competitive Landscape And Company Profiles

    27.1. Shipping Containers Market Competitive Landscape

    27.2. Shipping Containers Market Company Profiles

    27.2.1. Hoover Container Solutions

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. CXIC Group

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Shanghai Universal Logistics Equipment

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Maersk Container Industry

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Charleston Marine Containers

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Shipping Containers Market

    29. Shipping Containers Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Shipping Containers Market, Segmentation By Container Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Shipping Containers Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Shipping Containers Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Shipping Containers Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Hoover Container Solutions Financial Performance
  • Table 28: CXIC Group Financial Performance
  • Table 29: Shanghai Universal Logistics Equipment Financial Performance
  • Table 30: Maersk Container Industry Financial Performance
  • Table 31: Charleston Marine Containers Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Shipping Containers Market, Segmentation By Container Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Shipping Containers Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Shipping Containers Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Shipping Containers Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Shipping Containers Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Hoover Container Solutions Financial Performance
  • Figure 28: CXIC Group Financial Performance
  • Figure 29: Shanghai Universal Logistics Equipment Financial Performance
  • Figure 30: Maersk Container Industry Financial Performance
  • Figure 31: Charleston Marine Containers Financial Performance
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