USD 9.21 billion
Global Shipping Container Market Size, Share, Growth Analysis, By Type(Dry Storage Containers, Flat Rack Containers), By End-user(Food & Beverages, Consumer Goods) - Industry Forecast 2024-2031
Report ID:
SQMIG20R2019 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
63 |
Figures:
75
Global Shipping Container Market Insights
Global Shipping Container Market size was valued at USD 9.21 billion in 2022 and is poised to grow from USD 10.34 billion in 2023 to USD 26.16 billion by 2031, growing at a CAGR of 12.3% in the forecast period (2024-2031).
The global shipping container market is experiencing rapid growth due to the increasing maritime shipping activities resulting from the rise in trade agreements between nations. These shipping containers are typically manufactured according to the specifications outlined by the International Organization for Standardization (ISO). The ISO standards ensure efficient loading and unloading processes, as well as the container's ability to withstand harsh environmental conditions and maintain structural integrity during transportation. Notably, the United States boasts one of the world's largest pharmaceutical markets and ranks among the top three importers and exporters of medical products. Significant investments in drug development, healthcare product manufacturing, and exports create opportunities for shipping container vendors in the U.S. Maritime trade refers to the transportation of goods via sea or other waterways. According to the International Chamber of Shipping, approximately 11 billion tons of goods are transported annually using shipping containers. The industry's growth is further supported by the increasing volume of global trading activities. Additionally, the outbreak of COVID-19 in China in early 2020 led to several countries imposing trade restrictions to contain the spread of the disease. Consequently, trade between China and countries in Europe, as well as the U.S.-China trade, declined by 20.3% in the first quarter of 2020. The significant decline in China's export of consumer goods due to the COVID-19 pandemic had a substantial impact on the demand for shipping containers, given China's role as a major global exporter. However, with the rapid progress of vaccination efforts, there is an expected rebound in the demand for consumer goods, which will benefit the shipping container market in the short term.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Dry Storage Containers
Fastest Growth
Refrigerated Containers
Growth Rate
12.3% CAGR
Global Shipping Container Market ($ Bn)
Country Share for North America Region (%)
Global Shipping Container Market Size By Type ($ Bn)
Global Shipping Container Market Size By Type (%)
To get more reports on the above market click here to Buy The Report
Global Shipping Container Market Segmental Analysis
Global Shipping Container Market is segmented by type, end-user, and region. Based on type, the market can be segmented into dry storage containers, flat rack containers, and refrigerated containers. Based on end-user, the market is segmented into food & beverages, consumer goods, and healthcare. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Shipping Container Market Analysis by Type
By type, the market can be segmented into dry storage containers, flat rack containers, and refrigerated containers. Dry storage containers dominated the global shipping container market in terms of both market share and revenue. The widespread use of dry storage containers across industries and their versatility in accommodating various types of cargo contribute to their dominance. The demand for dry storage containers is driven by the growth in international trade, e-commerce, and the need for efficient and secure transportation and storage solutions.
On other hand, the refrigerated containers is fastest-growing segment in the global shipping container market. The increasing demand for perishable goods, such as fresh produce and pharmaceuticals, coupled with the growing importance of maintaining product quality and safety, has propelled the demand for refrigerated containers. Factors such as globalization, changing consumer preferences, and advancements in cold chain logistics have contributed to the rapid growth of the refrigerated container segment.
Shipping Container Market Analysis by End-user
By end-user, the market can be segmented into food & beverages, consumer goods, and healthcare. The dominating segment in the global shipping container market is the Food & Beverages industry. This segment represents a large share of the market due to the continuous demand for transporting perishable and non-perishable food items and beverages. The strict quality and safety regulations imposed on the transportation of food products contribute to the significant utilization of shipping containers in this industry.
While the healthcare industry is fastest-growing segment in the global shipping container market. With the rising demand for pharmaceuticals, medical equipment, and vaccines worldwide, the need for efficient and reliable transportation and storage solutions has increased significantly. This growth is driven by factors such as population growth, aging demographics, advancements in healthcare infrastructure, and the expansion of healthcare services in emerging markets. The Healthcare segment requires specialized shipping containers, including refrigerated containers, to ensure the integrity and efficacy of healthcare products during transportation.
Global Shipping Container Market Size By Type, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Shipping Container Market Regional Insights
North America dominated the global market. The region's dominance can be attributed to various factors such as its robust maritime infrastructure, extensive trading activities, and the presence of major ports and shipping hubs. The United States, in particular, plays a crucial role as one of the world's leading importers and exporters, driving the demand for shipping containers in the region. The country's large pharmaceutical market and investments in drug development and healthcare products further contribute to the growth of the shipping container market in North America.
The Asia-Pacific (APAC) region is one of the fastest-growing markets in the global shipping container industry. APAC's growth can be attributed to several factors, including the region's strong manufacturing base, increasing trade volumes, and the presence of major emerging economies such as China and India. China, in particular, is a key player in the global shipping container market due to its status as a major exporter of consumer goods. However, with the rapid recovery and rebound in trade activities, the APAC region is expected to witness significant growth in the shipping container market.
Global Shipping Container Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Shipping Container Market Dynamics
Shipping Container Market Drivers
Increasing volume of international trade and the rise of trade agreements
- One significant driver for the growth of the global shipping container market is the increasing volume of international trade and the rise of trade agreements between nations. As countries engage in more cross-border trade activities, there is a growing need for efficient and reliable transportation of goods via maritime routes. Shipping containers, manufactured to international standards, enable smooth loading and unloading processes while ensuring the safety and integrity of goods during transportation, making them an indispensable component of the global trade ecosystem.
Shipping Container Market Restraints
Impact of geopolitical tensions and trade conflicts
- A notable restraint for the global shipping container market is the impact of geopolitical tensions and trade conflicts between countries. These tensions can lead to disruptions in international trade and impose restrictions on the flow of goods, affecting the demand for shipping containers. Trade disputes, tariffs, and regulatory barriers can create uncertainties and hinder the smooth movement of goods, resulting in a slowdown in the shipping container market. Uncertain trade policies and geopolitical tensions pose challenges for the industry, impacting its growth potential and overall stability.
Request Free Customization of this report to help us to meet your business objectives.
Global Shipping Container Market Competitive Landscape
The global shipping container market is characterized by a diverse range of vendors and manufacturers offering shipping container solutions. These companies compete based on factors such as product quality, innovation, customization capabilities, and pricing strategies. Market players focus on enhancing container durability, improving logistical efficiency, and meeting evolving customer requirements. Additionally, partnerships with shipping companies, logistics providers, and port authorities are crucial for market players to expand their customer base and strengthen their market presence. Continuous technological advancements and investments in research and development are key strategies employed by companies to gain a competitive edge in the market.
Shipping Container Market Top Player’s Company Profiles
- Maersk Container Industry AS (Denmark)
- Textainer Group Holdings Limited (Bermuda)
- Seaco Global Limited (Bermuda)
- CXIC Group Containers Company Limited (China)
- Dong Fang International Asset Management Ltd. (China)
- W&K Container Inc. (US)
- CARU Containers B.V. (Netherlands)
- Hoover Container Solutions (US)
- UES International (Singapore)
- Storstac, Inc. (Canada)
- TLS Offshore Containers International (UK)
- CIMC Silvergreen AB (Sweden)
- Port Containers USA LLC (US)
- BSL Containers Ltd. (China)
- Shanghai Universal Logistics Equipment Co., Ltd. (China)
- Titan Container Sales Ltd. (UK)
- Sea Box Inc. (US)
Shipping Container Market Recent Developments
-
In March 2024, Ukraine started working to restart container shipping and build Danube exports, after its success since August 2023 at building grain shipments on its Black Sea corridor.
-
In March 2024, APM Terminals’ West Africa Container Terminal (WACT) achieved a significant milestone with the official commissioning of its new Container Freight Station (CFS) at Onne Port, Rivers State.
-
In March 2024, Hede (Hong Kong) International Shipping set to be a new entrant to the Transpacific trade launching a service connecting Shanghai to Los Angeles.
Global Shipping Container Key Market Trends
- One key market trend in the global shipping container industry is the increasing adoption of advanced technologies to enhance operational efficiency and optimize logistics. Companies are leveraging technologies like Internet of Things (IoT), artificial intelligence (AI), and blockchain to improve container tracking, automate processes, and enhance supply chain visibility. These technologies enable real-time monitoring, better inventory management, and streamlined operations, resulting in cost savings and improved customer satisfaction. The integration of digital solutions in the shipping container market is expected to continue growing as companies strive for greater efficiency and transparency in their operations.
Global Shipping Container Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global shipping container market analysis, the market is witnessing significant growth due to rising maritime shipping activities, driven by increased trade agreements between nations, are fueling the demand for shipping containers. The adherence to international standards outlined by the ISO ensures efficient loading/unloading processes and the container's ability to withstand extreme environments. The presence of a large pharmaceutical market and investments in healthcare products in the United States present opportunities for shipping container vendors. In terms of regional analysis, North America dominated the market due to its robust infrastructure and extensive trading activities, while the Asia-Pacific region, particularly China, is experiencing rapid growth due to its strong manufacturing base and increasing trade volumes. Advanced technologies such as IoT, AI, and blockchain are being adopted to enhance operational efficiency and optimize logistics.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.21 billion |
| Market size value in 2031 | USD 26.16 billion |
| Growth Rate | 12.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Shipping Container Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Shipping Container Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Shipping Container Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Shipping Container Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Shipping Container Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Shipping Container Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Shipping Container Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
