Kenneth Research, in its repository of market research reports, have recently added a report on Shipping Container Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Shipping Container Market products.
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According to the statistics by the International Environmental Agency (IEA), the global stock of electric passenger cars passed 5 million in the year 2018, which was an increase by 63% from the year 2017.
The Shipping Container Market is expected to grow at a significant CAGR during the forecast period. Increasing demand for commercial and personal electric vehicles around the globe is anticipated to drive the growth of the MARKET over the forecast period. According to the statistics by the International Environmental Agency (IEA), the global stock of electric passenger cars passed 5 million in the year 2018, which was an increase by 63% from the year 2017.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The Shipping Container Market is expected to grow at a significant CAGR during the forecast period. Increasing demand for commercial and personal electric vehicles around the globe is anticipated to drive the growth of the MARKET over the forecast period. According to the statistics by the International Environmental Agency (IEA), the global stock of electric passenger cars passed 5 million in the year 2018, which was an increase by 63% from the year 2017.
Global Shipping Container Market was valued at USD 7.6 Billion in the year 2017. Global Shipping Container Market is further estimated to grow at a CAGR of 7.23% from 2018 to reach USD 14.36 Billion by the year 2025. Asia-Pacific region holds the highest Market share in 2016 and it is considered as the fastest growing Market in the forecasted period. At a country level, developed Market like China with highest population base holds the notable Market share in 2016 and it is projected to grow at a gradual rate in the coming years.
Between Dry Containers, Tank Containers, Refrigerated Containers, Dry Containers segment because of the growing popularity and availability is expected to hold the highest Market share during the forecast period.
The major Market players in Shipping Container Market are Sigma’s Container Holdings Limited, A.P. Moller – Maersk Group, China International Marine Containers Ltd., Dong Fang International Asset Management Ltd., Jindo Co. Ltd., W&K Containers Inc., China Shipping Container Lines Co. Ltd. and other 13 companies information is provided in research report. A.P. Moller – Maersk Group holding the substantial Market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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By Size of Container
Small Containers
Large Containers
By Type
Dry Containers
Tank Containers
Refrigerated Containers
Others
By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
Key points covered in this report:
- The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed.
- The import and export details along with consumption value and production capability of every region is mentioned in the report.
- Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth.
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