Global Shipping Container Market was valued at USD 7.6 Billion in the year 2017. Global Shipping Container market is further estimated to grow at a CAGR of 7.23% from 2018 to reach USD 12.5 Billion by the year 2023. Asia-Pacific region holds the highest market share in 2016 and it is considered as the fastest growing market in the forecasted period. At a country level, developed markets like China with highest population base holds the notable market share in 2016 and it is projected to grow at a gradual rate in the coming years.
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China International Marine Containers (Group) Ltd ., China Shipping Container Lines Co., Ltd., A.P. Moller - Maersk Group are some of the key players in the Shipping Container market with A.P. Moller - Maersk Group holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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Increasing trade through sea
Increasing number of global manufacturing facilities
The slow economic growth of developing countries
A new bunkering approach can yield savings
The supply/demand imbalance
Between Dry Containers, Tank Containers, Refrigerated Containers, Dry Containers segment because of the growing popularity and availability is expected to hold the highest market share during the forecast period.
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On the other hand Tank Containers for this market is expected to grow at the highest CAGR of XXX during the year 2017-2022.
Key Benefits for Stakeholders
Shipping Container Manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
By Size of Container
Key Market Players
Sigma’s Container Holdings Limited (Hong Kong)
A.P. Moller - Maersk Group (Denmark)
China International Marine Containers (Group) Ltd. (China)
Dong Fang International Asset Management Ltd. (Hong Kong)
Jindo Co., Ltd. (South Korea)
W&K Containers, Inc. (US)
China Shipping Container Lines Co., Ltd. (China)
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