Shipping Containers Market: By Container Type (Dry Containers, Refrigerated Containers (Reefers), Tank Containers, Open-Top Containers, Flat Rack Containers, Others), By Size Of Container (20-Foot Containers (TEU), 40-Foot Containers (FEU), 45-Foot & 53-Foot Containers, Others), By Material (Steel, Aluminum, Composite Materials), By End-Use Industry (Manufacturing, Automotive, Food, Beverages, Retail, Oil & Gas, & Others) And Geography

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Shipping Containers Market size was valued at USD 10.22 billion in 2022 and is poised to grow at a significant CAGR of 8.9% from 2023-2029. Shipping containers are strong metal boxes used to transport goods via truck, train, or ship, facilitating intermodal transport. They range in size from ubiquitous corrugated boxes to large steel boxes and serve as storage vessels for merchandise. Specialized containers include high cubes, pallet-wide, open tops, side loaders, double door or tunnel-trainers, and temperature-controlled containers. One of the key drivers in the shipping container market is the growth of international trade and globalization. The increasing global trade volumes and the need for efficient transportation of goods have led to rising demand for shipping containers. As businesses expand their operations and reach new markets, the need for reliable and secure containers to transport goods over long distances becomes crucial. Additionally, the construction industry plays a significant role in driving the shipping containers market. Shipping containers are increasingly being repurposed and used in construction projects for applications such as housing, offices, retail spaces, and temporary structures. The modular and portable nature of shipping containers makes them a versatile and sustainable choice for construction, leading to their increased adoption. Furthermore, government initiatives and policies promoting international trade and investments, along with infrastructure development projects, drive the demand for shipping containers. These initiatives create a conducive environment for trade and transportation, leading to increased containerization and the growth of the shipping container market. Overall, the drivers in the shipping containers market revolve around the increasing demand for efficient and secure transportation of goods, the growth of e-commerce, the utilization of containers in construction, and supportive government policies that facilitate global trade and infrastructure development.

Shipping Containers Market Key Developments:
In August 2021, China International Marine Containers and Maersk Container Industry abandoned their merger plan due to significant regulatory challenges. The U.S. Justice Department found that the acquisition would have combined two of the world's four suppliers of refrigerated shipping containers and further concentrated the global cold supply chain, consolidating control of over 90% of insulated container box and refrigerated shipping container production worldwide in Chinese state-owned or state-controlled entities.

Shipping Containers Market Summary

Study Period

2023-29

Base Year

2022

CAGR

8.9%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Shipping Containers Market Dynamics

The exponential growth of e-commerce and online retail business has surged the demand for shipping containers. These containers provide a standardized and cost-effective solution for securely storing and transporting products. They facilitate the efficient movement of goods from manufacturers to distribution centers and ultimately to consumers, catering to the unique needs of e-commerce businesses. By offering a secure and standardized packaging medium, shipping containers minimize the risk of damage and loss during transit. With their ability to streamline supply chains, these containers ensure the prompt and secure delivery of products, playing a pivotal role in supporting the e-commerce industry's success.

Key Features of the Reports

  • The shipping containers market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Shipping Containers Market Segmentation

By Container Type
  • Dry Containers
  • Refrigerated Containers (Reefers)
  • Tank Containers
  • Open-Top Containers
  • Flat Rack Containers
  • Others
By Size of Container
  • 20-Foot Containers (TEU)
  • 40-Foot Containers (FEU)
  • 45-Foot & 53-Foot Containers
  • Others
By Material
  • Steel
  • Aluminum
  • Composite Materials
By End-User
  • Manufacturing
  • Automotive
  • Food & Beverages
  • Retail
  • Oil And Gas
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The shipping containers market offers various types of containers, including dry containers, refrigerated containers (refers), tank containers, open-top containers, flat rack containers, and specialized containers for specific cargo types.

The shipping containers market is global, with regions such as Asia Pacific, North America, Europe, and the Middle East and Africa being significant contributors. These regions have robust international trade activities and diverse industries that require efficient logistics solutions.

The shipping containers market is global, with regions such as Asia Pacific, North America, Europe, and the Middle East and Africa being significant contributors. These regions have robust international trade activities and diverse industries that require efficient logistics solutions.

  • China International Marine Containers (Group) Ltd.
  • TLS Offshore Containers International
  • W&K Containers, Inc.
  • China Shipping Container Lines Co. Ltd.
  • Cxic Group
  • A.P. Moller - Maersk Group
  • YMC Container Solutions
  • Singamas Container Holdings Limited
  • Hapag-Lloyd AG.