ISO Shipping Container Market 2018 Worldwide Overview By Industry Size, Share, Future Trends, Growth Factors and Forecast 2023
Nov 1, 2018
ISO Shipping Container Market Global Industry Size, Share, Trends, Growth, Regional Analysis and Segmentation By Type (Standard Dry Container, High Cube Dry Container, Refrigerated Container and High Cube Refrigerated Container), Application (Food Transport, Consumer Goods Transport and Industrial Transport) and Region - Global Forecast 2023.
Pune , India - November 1, 2018 /MarketersMedia/ —
Global ISO Shipping Container Market to Witness a CAGR of 5.60% with the Rise in International Trade
The global ISO container market has been advancing at a steady rate and is expected to exhibit a CAGR of 5.60% over the forecast period, projects Market Research Future (MRFR) in an exhaustive study. ISO shipping containers are made according to ISO specifications and the need to comply with ISO standards has triggered the growth of the global ISO shipping container market.
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The global ISO shipping container market has been posting incremental growth on account of growing adoption of shipping containers in the seaborne trade. They are being highly preferred in the global commerce due to its intermodal capability and its ability to move in trucking, railroad as well as travelling over ocean infrastructure easily. With the expansion of seaborne trade, the demand for ISO shipping containers are likely to inflate and propel the growth of the market. ISO shipping containers have gained prominence as a global standard for bulk transportation of raw materials in international shipping contribute to the growth of the market. With the rise in disposable income across the globe, a robust demand for food products, consumer products and other commodities has been observed. This rise in international trade has paved the way for the growth of the global ISO shipping container market.
The growth of the global ISO shipping container has been influenced by the expansion of industrial base in China. China is one of the largest manufacturers of shipping containers in the world and has witnessed substantial expansion of manufacturing capabilities. Moreover, owing to rapid industrialization in China, China's international trade has also accelerated which induces high demand for ISO shipping containers. On the contrary, the growth of the market might be hindered by slow economic progress in various countries which is anticipated to hinder international trade. Moreover, impact on the environment and fluctuation in the price of raw materials are other restraining factors.
Competitive Landscape
• Sea Box Inc.
• Hoover Container Solutions Inc.
• Evergreen Marine Corporation
• SINGAMAS
• CIMC
• CXIC Group
• Hapag-Lloyd
• Charleston Marine Containers Inc.
• Maersk Container Industry A/S
• Shanghai Universal Logistics Equipment
These are the prominent players operating in the global ISO shipping container market.
Segmentation
The global ISO shipping container market has been segmented based on type and application.
By type, the market has been segmented into Standard Dry Container, High Cube Dry Container, Refrigerated Container and High Cube Refrigerated Container. Standard Dry Container accounted for the largest market share of more than 45% in 2016, with a market value of, approximately, USD 3,800 Million and is projected to grow at the highest CAGR during the forecast period.
By application, the market has been segmented into Food Transport, Consumer Goods Transport and Industrial Transport.
Food transport accounted for the largest market share of more than 40% in 2016, with a market value of USD 3,500 Million, approximately and is projected to grow at the highest CAGR of about 6% during the forecast period.
Regional Analysis
Regionally, the market has been segmented into North America, Europe, Asia pacific, and the Rest of the World. Asia Pacific, led by China, is one of the strongest market for global ISO shipping containers. Rapid industrialization in China along with supportive policies for international trade supports the growth of the market in China.
Europe too is a strong market for ISO shipping containers. Moreover, various regulatory authorities are working towards strengthening export capacity across various industries which fuels the growth of the global ISO shipping container market in Europe.
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Table of Contents
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Drivers
4.1.1 Growing Adoption of Shipping Containers in Seaborne Trade
4.1.2 Growing Demand of Commodities
4.1.3 3. Expanding Industrial Base for Shipping Containers in China
4.2 Restraints
4.2.1 Fluctuation in Raw Material Prices
4.2.2 Slower Economic Growth
4.3 Opportunities
4.3.1 Expanding Market in China.
Continued......
List of Tables
Table 1 Market Synopsis
Table 2 Global ISO Shipping Container Market, by Type, 2012-2017 (USD Million)
Table 3 Global ISO Shipping Container Market, by Type, 2012-2017 (USD Million)
Table 4 Global ISO Shipping Container Market, by Type, 2012-2017 (Million Teu)
Table 5 Global ISO Shipping Container Market, by Type, 2012-2017 (Million Teu)
Table 6 Global ISO Shipping Container Market, by Application, 2012-2017 (USD Million)
Table 7 Global ISO Shipping Container Market, by Application, 2017-2022 (USD Million)
Table 8 Global ISO Shipping Container Market, by Application, 2012-2017 (Million Teu)
Table 9 Global ISO Shipping Container Market, by Application, 2017-2022 (Million Teu)
Table 10 Global ISO Shipping Container Market, by Region, 2012-2017 (USD Million)
Continued.......
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