The shipping containers market is estimated to be valued at USD 11.25 billion in 2024 and is expected to reach USD 16.12 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
Report Description:
The shipping containers market has experienced steady growth over the past few decades, driven primarily by the expansion of global trade and the continued trend of containerization. As manufacturing and production facilities become increasingly globalized with parts and components sourced from all over the world, the need for standardized and reusable logistical packaging has risen dramatically. Shipping containers allow for the safe, efficient, and cost-effective transportation of goods by ship, rail, or truck, helping facilitate the just-in-time culture prevalent today. Furthermore, the intermodal nature of containers allows for seamless transfer between modes of transit, reducing transit time and damage rates. Going forward, the shipping container market is expected to grow in tandem with international trade volumes.
Market Dynamics:
The key drivers fuelling growth in the shipping containers market include rising global trade activity driven by robust economic growth in developing economies, increasing containerization of cargo, and standardization of container sizes for intermodal logistical compatibility. However, volatility in raw material costs, fluctuations in trade policies such as tariffs, and overcapacity challenges in the container shipping industry pose restraints to the market. On the upside, technological advancements in container design for temperature control, security, and equipment tracking as well as trends towards larger vessel sizes and alliances present high growth opportunities.
Key features of the study:
- This report provides an in-depth analysis of the global shipping containers market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global shipping containers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include American Intermodal Container Manufacturing Company, CARU Containers BV, China Eastern Containers, China International Marine Containers Co. Ltd, CXIC (Changzhou Xinhuachang Int'l Containers) Co. Ltd, Dong Fang International Container (Hong Kong) Co. Ltd, Maersk Container Industry AS, Ritveyraaj Cargo Shipping Containers, Sea Box Inc, Singamas Container Holdings Limited, Storstac Inc., TLS Offshore Containers International Pvt. Ltd, Valisons & Co., W&K Container Inc., and YMC Container Solutions
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global shipping containers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global shipping containers market.
Market Segmentation
- Container Size
- Small Containers (20 feet)
- Large Containers (40 feet)
- High Cube Containers (40 feet)
- Container Type
- Dry Storage Containers
- Flat Rack Containers
- Refrigerated Containers
- Special Purpose Containers
- Others
- End-use Industry
- Food & Beverages
- Consumer Goods
- Healthcare
- Industrial Products
- Vehicle Transport
- Others
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Key Players Insights
- American Intermodal Container Manufacturing Company
- CARU Containers BV
- China Eastern Containers
- China International Marine Containers Co. Ltd
- CXIC (Changzhou Xinhuachang Int'l Containers) Co. Ltd
- Dong Fang International Container (Hong Kong) Co. Ltd
- Maersk Container Industry AS
- Ritveyraaj Cargo Shipping Containers
- Sea Box Inc
- Singamas Container Holdings Limited
- Storstac Inc.
- TLS Offshore Containers International Pvt. Ltd
- Valisons & Co.
- W&K Container Inc.
- YMC Container Solutions
