Expanding Seaborne Trade to Spur Global Container Shipping Market

Summary

Global Container Shipping Market Opportunities, Size, share, Growth, Trends, Future Scope By Type (Standard Dry Container, High Cube Dry Container, Refrigerated Container and High Cube Refrigerated Container), By Application (Food Transport, Consumer Goods Transport and Industrial Transport) by Region (North America, Europe, China, India, Japan, South Korea and Southeast Asia)- Global Forecast to 2023

Global Container Shipping Market Analysis

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 Global Container Shipping Market. The global Global Container Shipping Market has been posting incremental growth on account of growing adoption of shipping containers in the seaborne trade.

The global Global Container Shipping Market is predicted to have a favorable growth at a stellar 5.60% CAGR over the estimated years (2017-2023). Containers are basically of two types- non-standard shipping containers and standard containers also called ISO or intermodal containers. The ISO containers are utilized for transporting freight and can be used for transporting freight over one mode; rail and ship or truck and rail. No wonder it is also known as intermodal containers. These containers are available in various types.

These flat rack containers are collapsible and are open sided with end bulkheads which can be folded after the rack is empty. An open rack container is utilized for transporting hard, tall or heavy load cargo as well as bulk material namely grain and coal.

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Key Players

Leading players profiled in the Global Container Shipping Market include

• Shanghai Universal Logistics Equipment
• Maersk Container Industry A/S
• Charleston Marine Containers, Inc.
• Hapag-Lloyd
• CXIC Group
• CIMC
• SINGAMAS
• Evergreen Marine Corporation
• Hoover Container Solutions Inc., and Sea Box Inc.

ISO Shipping Container Market Segmentation

MRFR report provides an extensive segmental analysis of the Global Container Shipping Market on the basis of type and application.

Based on type, it is segmented into high cube refrigerated container, refrigerated container, high cube dry container and standard dry container. Of these, standard dry container will have the largest share in the market over the estimated years.

Based on application, the Global Container Shipping Market is segmented into industrial transport, consumer goods transport and food transport. Of these, food transport will dominate the market over the estimated years.

Industry News

April 2019 - Bintulu Port Holdings Bhd is all set to expand the capacity of the Bintulu International Container Terminal for coping with the growing need as it has already made a double-digit growth especially in container throughput for the last three consecutive years.

Regional Analysis

By region, the Global Container Shipping Market covers growth opportunities and latest trends across North America, Rest of the World, Europe and Asia Pacific. The APAC region led by China will stay at the fore in the Global Container Shipping Market over the estimate years owing to rapid industrialization in China coupled with supportive policies especially for international trade. Europe is also a strong market. Numerous regulatory authorities are effectively working to strengthen the capacity of export across various industries that is propelling the Global Container Shipping Market in this region.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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