Shipping Container Market (By Product: ISO Containers, Non-standardized Containers; By Type: Dry Containers, Reefer Containers, Tank Containers, Others; By Size: 20’ Containers, 40’ Containers, High Cube Containers, Others; By Flooring: Wood, Bamboo, Metal, Vinyl, Others; By Application: Consumer Goods Transport, Industrial Transport, Food Transport, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20212030

The global shipping container market size is expected to be worth around US$ 20.80 billion by 2030, according to a new report by Vision Research Reports.

The global shipping container market size was valued at US$ 8.41 billion in 2020 and is anticipated to grow at a CAGR of 14.0% during forecast period 2021 to 2030.

Report Coverage

Growth Factors

The market is witnessing a high growth owing to rising maritime shipping on account of an increase in trade agreements across the nations. Most of the shipping containers are manufactured as per the specifications outlined by International Organization for Standardization (ISO), mainly to enable smooth and hassle-free loading/unloading and also to guarantee that the container will withstand extreme environments and structural integrity during transportation.

20’ and 40’ are the most popular sizes of shipping containers as of 2021. Although based on application shipping containers are often manufactured in a variety of sizes such as 8’, 10’, 48’, 53’, and others. Their increasing demand for transportation of a variety of goods such as food, pharmaceutical, automotive components, and agricultural products is expected to support industry growth.

By Product Analysis

The market is witnessing a high growth owing to rising maritime shipping on account of an increase in trade agreements across the nations. Most of the shipping containers are manufactured as per the specifications outlined by International Organization for Standardization (ISO), mainly to enable smooth and hassle-free loading/unloading and also to guarantee that the container will withstand extreme environments and structural integrity during transportation.

Typically, ISO containers have a height and width of 2.591 m and 2.438 m, respectively. They come with lengths of 6.058 m (known as 20-ft containers) and 12.192 m (known as 40-ft containers). The rising adoption of automation at container terminals is projected to drive the standardization of containers over the coming years.

By Type Analysis

Dry containers dominated the market and dominated for over 82.2% share of global revenue in 2020. Low cost, wide availability, and extensive application of dry containers for shipping of dry materials mainly contributed to its high share in the type segment in 2020.

Dry containers are airtight and effectively prevent damage of inside goods from harsh conditions. Most of the dry containers are made using steel; however, in some cases, aluminum is also used. Reefer is among the popular shipping container, used to transport temperature-critical goods such as vegetables, seafood, fish, meat, fruits, pharmaceutics, flowers, and alcoholic beverages. Reefers are expensive as compared to dry containers owing to added refrigeration mechanism in them.

By Size Analysis

Based on size, 40’ containers dominated the industry and accounted for over 48.2% share of global revenue in 2020. Factors such as large space and durability offered by the 40’ container as compared to 20’ mainly attributed to its higher adoption across the application industries.

The dimensions of 20’ containers comply with the international standard, ISO 668:1995. 20’ container typically provides 160 ft sq square of storage space. These are more convenient in terms of handling and less expensive than the 40’ containers. High cube is another popular container size, which is similar to 40’ containers in terms of length and breadth; however, their height is 1 foot more than standard 40’ containers

By Flooring Analysis

 Wood flooring dominated the global shipping container market and accounted for nearly 59.9% of the market share, in terms of volume. The higher inclination towards wood flooring is majorly observed owing to its low cost, adequate strength, aesthetic appeal, and durability.

Bamboo flooring is projected to witness the fastest growth in the global market from 2020 to 2030. Cost-effectiveness, easy availability, and sustainability are key factors augmenting the growth of bamboo flooring.

Metal-floored shipping containers mainly use steel and aluminum for flooring. Steel flooring is generally used in shipping containers, which are specifically designed for industrial applications.

By Application Analysis

Industrial transport the application segment with a share of 57.6% by revenue in the global market in 2020. Extensive use of shipping containers for transportation of industrial raw materials and manufactured goods such as metals, minerals, oil & gases, chemicals, machinery, automobiles, aircraft parts, etc. are attributed to the high share of the industrial transport segment in 2020.

The consumer goods segment is expected to witness significant growth in the market over the forecast period. It primarily includes transportation of electronic devices, furniture, toys, and others through shipping containers.

The food transport application segment mainly comprises the use of shipping containers for the transportation of food items and beverages such as vinegar; alcohols and spirits; food ingredients; pulses; vegetable oils; canned, dried, and condiments; sauces; jams and jellies; prepared/preserved seafood; and snacks.

By Regional Analysis

The Asia Pacific region dominated the regional market and dominated for over 69.1% share of global revenue in 2020. Strong maritime trade from Asia Pacific countries such as China, Japan, India, South Korea, and others mainly contributed to its leading position in the global market.

Europe emerged as the second-largest market for shipping containers and is anticipated to witness considerable growth from 2020 to 2030. Rising maritime trade activities are projected to remain a key growth factor for the European market. 

Key Players

• Bertschi AG

• BNH Gas Tanks

• Bulkhaul Limited

• Danteco Industries BV

• NewPort Tank

• A.P. Moller - Maersk

• China International Marine Containers (Group) Ltd

• COSCO SHIPPING Development Co., Ltd.

• CXIC Group

• Singamas Container Holdings Limited

• TLS Offshore Containers/TLS Special Containers

• W&K Containers, Inc.

• Thurston Group Limited

• OEG

• Sea Box, Inc.

• IWES LTD.

• Norcomp Nordic AB 

Market Segmentation

• Product

  • ISO Containers

  • Non-standardized Containers

• Type

  • Dry Containers

  • Reefer Containers

  • Tank Containers

  • Others

• Size

  • 20’ Containers

  • 40’ Containers

  • High Cube Containers

  • Others

• Flooring

  • Wood

  • Bamboo

  • Metal

  • Vinyl

  • Others

• Application

  • Consumer Goods Transport

  • Industrial Transport

  • Food Transport

  • Others

• Regional

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

  • Central & South America

    • Brazil

  • MEA

    • UAE

The Shipping Container market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Shipping Container market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Shipping Container market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Shipping Container market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Shipping Container market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Shipping Container capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Shipping Container by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Shipping Container market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Shipping Container market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Shipping Container market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Shipping Container industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Shipping Container market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Shipping Container market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Shipping Container market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Shipping Container market. These factors have benefited the growth of the global market for Shipping Container. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Shipping Container. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Shipping Container are as follows:

• History Year: 2017-2020

• Base Year: 2021

• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.