The Shipping Containers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Shipping Containers Global Market Report 2024, The shipping containers market size has grown strongly in recent years. It will grow from $10.81 billion in 2023 to $11.62 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rise of multinational corporations, port infrastructure development, industrialization and container standardization, economic growth and market integration, intermodal transportation advancements.
The shipping containers market size is expected to see strong growth in the next few years. It will grow to $15.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to cultural and artistic use, hospitality and tourism sector, pop-up retail and events, disaster relief and emergency housing, logistics and warehousing solutions. Major trends in the forecast period include modular construction, sustainable building materials, urbanization and housing needs, pop-up retail and events, disaster relief and emergency housing, customization and design aesthetics.
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. This in turn is projected to boost the growth of the shipping containers market.
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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
Major companies operating in the shipping containers market are focusing on developing cloud-based technologies to optimize tracking, inventory management, and logistics operations. Cloud-based technologies refer to the use of remote servers accessed via the Internet to store, manage, and process data or run applications. For instance, in March 2023, Meratus, an Indonesia-based shipping company, launched the SMARCO-Smart Container to meet the demand for more efficient and safe container shipping. With advanced Internet of Things (IoT) sensors, GPS tracking, and cloud-based technologies, SMARCO is expected to provide businesses with the possibility of having full visibility and control over shipping containers.
The shipping containers market report table of contents includes:
1. Executive Summary
2.Shipping Containers Market Characteristics
3.Shipping Containers Market Trends And Strategies
4.Shipping Containers market analysis
5.Shipping Containers Market Size And Growth
6.Shipping Containers Segmentation
7.Shipping Containers Regional And Country Analysis
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27.Shipping Containers Competitive Landscape And Company Profiles
28 Shipping Containers. Key Mergers And Acquisitions
29.Shipping Containers Future Outlook and Potential Analysis
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