Dublin, April 06, 2021 (GLOBE NEWSWIRE) -- The "Shipping Containers Global Market Report 2021: COVID-19 Implications and Growth" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global shipping containers market.
This report focuses on shipping containers market which is experiencing strong growth. The report gives a guide to the shipping containers market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
The global shipping containers market is expected to decline from $8.16 billion in 2020 to $8.36 billion in 2021 at a compound annual growth rate (CAGR) of 2.48%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $10.73 billion in 2025 at a CAGR of 6.46%.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Where is the largest and fastest growing market for the shipping containers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Shipping Containers market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider shipping containers market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The shipping containers market section of the report gives context. It compares the shipping containers market with other segments of the shipping containers market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, shipping containers indicators comparison.
Major players in the market are Hoover Container Solutions, CXIC Group, Shanghai Universal Logistics Equipment, Maersk Container Industry, Charleston Marine Containers, Hoover Container Solutions, CIMC, Sea Box, TLS Offshore Containers International Pvt Ltd, and China International Marine Containers Co. Ltd.
The shipping containers market consists of the sales of shipping containers and related services by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing shipping containers with suitable strength to withstand handling, storage, and shipment. Shipping containers range from ubiquitous corrugated boxes to large steel boxes used for intermodal shipments. Only goods and services traded between entities or sold to end consumers are included.
The shipping containers market covered in the report is segmented by product type into dry storage container, flat rack container, refrigerated container, special-purpose container, open top container, double door container, others; by container size into small container, large container, high cube container; by end-use into food and beverages, consumer goods, healthcare, industrial products, vehicle transport, others.
The Asia Pacific was the largest region in the shipping containers market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The high costs associated with shipping containers is expected to restrain the growth of the shipping container market. The price of shipping containers depends on their size and condition. The bigger the container, the higher the price. And, the newer the unit, the more expensive it could be. For instance, in the USA, the average cost for a used container is around $2,000. The larger 40' unit that could be altered for houses ranges from $3,000 to $4,000 for the used one and is approximately $6,000 for a brand-new unit. Moreover, there are other costs such as shipping container home plans, foundation costs being involved which make them less affordable for purchase. Thus, the high costs of shipping containers are projected to limit the growth of the shipping container market over the forecast period.
In May 2019, COSCO SHIPPING Development Co., Ltd, a China-based containerized marine shipping company acquired five Chinese units of Singamas Container Holdings Ltd., for an undisclosed amount. The acquisition is expected to enhance COSCO SHIPPING Development Co., Ltd.'s container market. Singamas Container Holdings Ltd. is a China-based shipping container manufacturer that produces dry freight containers, foldable flat rack containers, tank containers, offshore containers, other comprehensive containers, and container parts.
An increase in demand for cargo transportation through ships contributed to the growth of the shipping container market. The demand for the transportation of cargo through waterways is growing owing to factors such as cost-efficiency and secured way of moving goods as compared to other means of transportation. For instance, in 2018, a larger amount of goods was moved between the UK major ports and the EU (European Union) than any other region accounting for 44% (206.2 million tons) of entire critical port traffic. In 2018, the total gross weight of goods transported was estimated at almost 1.8 billion tons as part of the EU short sea shipping. However, Italy was the major short sea shipping country in the EU in 2018, surpassing the Netherlands, with a share of approximately 15% of the total tonnage of EU short sea shipping. Moreover, ships can carry more cargo from one place to another within a short period. This in turn is projected to boost the growth of the shipping containers market.
Key Topics Covered:
1. Executive Summary
2. Shipping Containers Market Characteristics
3. Shipping Containers Market Trends and Strategies
4. Impact of COVID-19 on Shipping Containers
5. Shipping Containers Market Size and Growth
5.1. Global Shipping Containers Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Shipping Containers Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Shipping Containers Market Segmentation
6.1. Global Shipping Containers Market, Segmentation by Product Type
6.2. Global Shipping Containers Market, Segmentation by Container Size
6.3. Global Shipping Containers Market, Segmentation by End Use
7. Shipping Containers Market Regional and Country Analysis
7.1. Global Shipping Containers Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Shipping Containers Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Shipping Containers Market
9. China Shipping Containers Market
10. India Shipping Containers Market
11. Japan Shipping Containers Market
12. Australia Shipping Containers Market
13. Indonesia Shipping Containers Market
14. South Korea Shipping Containers Market
15. Western Europe Shipping Containers Market
16. UK Shipping Containers Market
17. Germany Shipping Containers Market
18. France Shipping Containers Market
19. Eastern Europe Shipping Containers Market
20. Russia Shipping Containers Market
21. North America Shipping Containers Market
22. USA Shipping Containers Market
23. South America Shipping Containers Market
24. Brazil Shipping Containers Market
25. Middle East Shipping Containers Market
26. Africa Shipping Containers Market
27. Shipping Containers Market Competitive Landscape and Company Profiles
27.1. Shipping Containers Market Competitive Landscape
27.2. Shipping Containers Market Company Profiles
27.2.1. Hoover Container Solutions
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. CXIC Group
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Shanghai Universal Logistics Equipment
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Maersk Container Industry
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Charleston Marine Containers
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers and Acquisitions in the Shipping Containers Market
29. Shipping Containers Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
For more information about this report visit https://www.researchandmarkets.com/r/fwcyhi