The container tracking global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Container Tracking Market, 2024The container tracking global market report 2024
Market Size – The container tracking market size has grown strongly in recent years. It will grow from $9.36 billion in 2023 to $10.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increasing consumer demand for transparency, increasing demand for efficient and reliable logistics solutions, increasing the number of goods, increasing seaborne trade, and increasing safety standards at sea.
The container tracking market size is expected to see strong growth in the next few years. It will grow to $13.78 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to the growing emphasis on sustainability, growth of international trade and globalization, focus on improving fleet optimization and efficiency, rising trade volumes, and infrastructure development. Major trends in the forecast period include enhanced blockchain applications, advanced data analytics and visualization, autonomous vehicles and drones, integration with supply chain platforms, and environmental and sustainability focus.
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Scope Of Container Tracking MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Container Tracking Market Overview
Market Drivers -The rising incidence of cargo theft is expected to drive the growth of the container tracking market. This rise in cargo theft is attributed to economic pressures that lead to increased criminal activity and sophisticated theft methods that outpace existing security measures. Additionally, the surge in e-commerce has expanded the volume and value of goods being transported, making cargo an attractive target for thieves. Container tracking mitigates cargo theft by providing real-time location and status updates, enabling immediate action against unauthorized movements. It also enhances security through detailed monitoring and historical data analysis. For instance, in May 2024, TAPA EMEA reported that transport theft cases in the European Union rose by 35.46% in 2023 compared to 2022, with reported incidents increasing from 6,113 to 8,281. The total financial loss from these crimes was $594.16 million (EUR 549 million), representing a 438% increase from 2022 and a staggering 1,076% rise from 2021. Therefore, rising cargo theft is significantly driving the growth of the container tracking market.
Market Trends – Major companies operating in the container tracking market are focusing on developing advanced solutions, such as dry container tracking, to enhance security, improve logistics efficiency, and provide real-time visibility. Dry container tracking refers to the monitoring and management of standard shipping containers used for transporting cargo that do not require special conditions, such as refrigeration or a controlled atmosphere. For instance, in April 2024, Hapag-Lloyd., a Germany-based maritime transport company, launched a new live position product that delivers comprehensive, on-demand door-to-door visibility through extensive use of Internet of Things (IoT) technology. It offers unique features such as real-time visibility of shipments, a user-friendly interface for easy tracking by container or booking number, on-demand information updates, and plans for future enhancements such as application programming interface integration and estimated time of arrival (ETA) predictions.
The container tracking market covered in this report is segmented –
1) By Offering: Hardware, Software, Service
2) By Technology Type: Radio Frequency Identification (RFID), Global Positioning System (GPS), Cellular, Satellite
3) By Mode of Transportation: Maritime, Land, Air
4) By End-User: Food And Beverage, Consumer Goods, Vehicle Transport, Healthcare, Industrial Products, Other End-User
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Regional Insights – Asia-Pacific was the largest region in the container tracking market in 2023. The regions covered in the container tracking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are A.P. Moller – Maersk A/S, CMA CGM Group, Cosco Shipping Lines Co Ltd., NetSuite Inc., Hapag-Lloyd AG, Mediterranean Shipping Company S.A., Orient Overseas Container Line Limited, DP World Logistics FZE, Yang Ming Marine Transport Corporation, Zim Integrated Shipping Services Ltd., Evergreen Marine Corporation, Wan Hai Lines Ltd., Kawasaki Kisen Kaisha Ltd, Hyundai Merchant Marine Co., Ltd., Zebra Technologies Corporation, Ocean Network Express Pte. Ltd., Project44 Inc., CargoWise, E2open Parent Holdings Inc., ORBCOMM Inc., Hanjin Logistics Corporation, Pacific International Lines (Pte) Ltd., GoComet, CargoSmart Ltd.
Table of Contents
1. Executive Summary
2. Container Tracking Market Report Structure
3. Container Tracking Market Trends And Strategies
4. Container Tracking Market – Macro Economic Scenario
5. Container Tracking Market Size And Growth
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27. Container Tracking Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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