Global Shipping Containers Market, 2015-2021
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Global</strong> <strong>Shipping</strong> <strong>Containers</strong> <strong>Market</strong>, <strong>2015</strong>-<strong>2021</strong><br />
Persistence <strong>Market</strong> Research<br />
<strong>Global</strong> <strong>Shipping</strong> <strong>Containers</strong> <strong>Market</strong> will<br />
reach US$ 11.47 Bn by <strong>2021</strong>: Persistence<br />
<strong>Market</strong> Research<br />
Persistence <strong>Market</strong> Research 1
<strong>Global</strong> <strong>Shipping</strong> <strong>Containers</strong> <strong>Market</strong>, <strong>2015</strong>-<strong>2021</strong><br />
Increasing marine trade, which is a major channel for transport of goods globally, accounts<br />
for the rising demand for cargo vessels and its related equipment such as shipping<br />
containers, says a market study by Persistence <strong>Market</strong> Research (PMR). The PMR report,<br />
titled “<strong>Global</strong> <strong>Market</strong> Study on <strong>Shipping</strong> <strong>Containers</strong>: Reefers Segment to Witness Highest<br />
Growth by <strong>2021</strong>”, states that the global shipping containers market will expand at a<br />
steadfast 5.60% CAGR from <strong>2015</strong> to <strong>2021</strong>. If the projected figure holds true, the market will<br />
reach a valuation of US$11.47 bn by <strong>2021</strong>.<br />
The research report by PMR analyzes the shipping containers market in terms of revenue<br />
and volume for the forecast period. The report divides the market on the basis of product<br />
type and geography in order to gauge the growth prospects of the shipping containers<br />
market for the forecast period.<br />
Request Sample of this Report:<br />
http://www.persistencemarketresearch.com/samples/6748<br />
The research report states that the continual development of the shipping containers market<br />
is largely attributable to the growth in marine trade over the past years. Seaborne trade,<br />
which includes trade carried out on sea routes and inland waterways, such as canals, rivers,<br />
backwaters, and creeks, requires shipping containers that are fabricated for the purpose.<br />
<strong>Shipping</strong> containers are characterized by their high strength and durability, since they are<br />
fabricated from corrosion-resistant heavy-duty steel and aluminum. These shipping<br />
containers facilitate the transport of goods without the need for loading and unloading of<br />
cargo at intermediate points. The size and type of build of the container is in accordance<br />
with specifications and regulations framed by the International Organization for<br />
Standardization (ISO).<br />
In addition, increasing demand for transportation services also counts as a major factor<br />
responsible for growth of the global shipping containers market. Economic development in<br />
several countries around the world, which has led to increasing number of factories and<br />
manufacturing units, has propelled the demand for increased transportation networks and<br />
services, which has indirectly benefitted the shipping containers market.<br />
Persistence <strong>Market</strong> Research 2
<strong>Global</strong> <strong>Shipping</strong> <strong>Containers</strong> <strong>Market</strong>, <strong>2015</strong>-<strong>2021</strong><br />
In several countries, industry bodies and government agencies are involved in formulating<br />
guidelines pertaining to vessels and cargo equipment. This is helping agencies in disparate<br />
locations maintain specified standards for the shipping companies and stipulate quality<br />
requisites for businesses involved in marine trade.<br />
View Detail Report With TOC: http://www.persistencemarketresearch.com/marketresearch/shipping-containers-market.asp<br />
However, slower economic growth in some parts of the globe, such as in many of the<br />
countries around the Mediterranean, will have an impact on global trade, which will translate<br />
into slow growth of the global shipping containers market in the years to come.<br />
The report identifies some of the major companies involved in the business for shipping<br />
containers and profiles each of the companies for their distinguishing attributes. China<br />
International Marine <strong>Containers</strong> Co. Ltd., CXIC Group <strong>Containers</strong> Company Limited, Dong<br />
Fang International Container (Hong Kong) Co. Ltd., TLS Offshore <strong>Containers</strong> International Pvt.<br />
Ltd., Sea Box Inc., Singamas Container Holdings Limited, Maersk Container Industry AS.,<br />
W&K Container Inc., and YMC Container Solutions are the major companies that have a<br />
significant presence in the global market for shipping containers.<br />
PMR for Journalist: http://www.persistencemarketresearch.com/page/journalistresources.asp<br />
<strong>Market</strong> Bytes:<br />
<strong>Shipping</strong> containers are rectangular steel boxes that are widely used for transportation of<br />
goods and other commodities via both, seaborne and land-based modes of transport,<br />
involving the use of ships, trucks and rail. Moreover, besides facilitating intermodal<br />
transport, use of containers facilitates minimum handling of the goods by eliminating the<br />
need for loading and unloading of the goods at intermediate points during the transit.<br />
<strong>Shipping</strong> containers are classified into four major types, namely dry containers, reefer<br />
Persistence <strong>Market</strong> Research 3
<strong>Global</strong> <strong>Shipping</strong> <strong>Containers</strong> <strong>Market</strong>, <strong>2015</strong>-<strong>2021</strong><br />
containers, tank containers, and others. Dry containers, by far, are the most widely used<br />
shipping containers across the globe.<br />
The global shipping containers market is expected to expand at a steady CAGR of 5.6% over<br />
the forecast period from <strong>2015</strong> to <strong>2021</strong>, to reach a market value of US$ 11.47 Bn by <strong>2021</strong>.<br />
Drivers and Trends<br />
The increasing containerization of global seaborne trade, i.e. the growing adoption of<br />
shipping containers for transportation of goods, is another factor that is expected to drive<br />
the growth of the global shipping containers market over the forecast period. However,<br />
slower economic growth across certain parts of the globe, such as<br />
Europe and Asia, is likely to affect the global trade, thus translating into a slower growth of<br />
the global shipping containers market during the forecast period.<br />
<strong>Market</strong> Taxonomy Persistence <strong>Market</strong> Research, in its report titled “<strong>Shipping</strong> <strong>Containers</strong><br />
<strong>Market</strong>: <strong>Global</strong> Industry Analysis and Opportunity Assessment, <strong>2015</strong>-2020”, has categorized<br />
the global shipping containers market into key segments based on product types and<br />
geographic regions. Depending on the type of product, the global shipping containers<br />
market is divided into four major segments, namely dry containers, reefer containers, tank<br />
containers, and others. Two of these segments, namely dry containers and reefer containers,<br />
have been sub-segmented on the basis of size into 20’ (20 ft.), 40’ (40 ft.), 40’ high cube (40<br />
ft. High Cube), and into others sub-segments. Finally, on the basis of geographic regions, the<br />
overall shipping containers market is segmented into North America, Europe, Asia Pacific,<br />
the Middle East & Africa, and Latin America.<br />
Analysis, by Region<br />
Amongst the aforementioned region based segments in the global shipping containers<br />
market, Asia Pacific is expected to expand at an accelerated CAGR of nearly 5.4% during the<br />
forecast period. The region is expected to account for a share of nearly 35% of the global<br />
shipping containers market value by the end of <strong>2015</strong>. In terms of market value, Europe is<br />
expected to account for a major share of the global shipping containers market value during<br />
the forecast period. It is slated to account for a share of nearly 37% by the end of the<br />
forecast period.<br />
Persistence <strong>Market</strong> Research 4
<strong>Global</strong> <strong>Shipping</strong> <strong>Containers</strong> <strong>Market</strong>, <strong>2015</strong>-<strong>2021</strong><br />
Analysis, by Product Type<br />
Amongst the product type based segments of the global shipping containers market, the<br />
reefer containers segment is slated to expand at the fastest CAGR during the forecast<br />
period. The growth of this segment is primarily driven by the increasing preference for reefer<br />
containers over conventional refrigerated ships for transportation of perishable goods. The<br />
use of reefer containers ensures flexibility, efficiency, and reduced turnaround time as<br />
compared to the conventional means of perishables transport. In terms of market value, the<br />
reefer containers segment is expected to expand at a CAGR of 6.3% during the forecast<br />
period. Also, demand for tank containers for transportation of chemicals and other bulk<br />
liquids is expected to witness a steady growth during the forecast period.<br />
About Us:<br />
Persistence <strong>Market</strong> Research (PMR) is a full-service market intelligence firm specializing in syndicated<br />
research, custom research, and consulting services. PMR boasts market research expertise across the<br />
Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages,<br />
Semiconductor and Electronics, Consumer Goods, and <strong>Shipping</strong> and Transportation industries. The<br />
company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data<br />
that precisely corresponds to clients’ business needs.<br />
Persistence <strong>Market</strong> Research 5
<strong>Global</strong> <strong>Shipping</strong> <strong>Containers</strong> <strong>Market</strong>, <strong>2015</strong>-<strong>2021</strong><br />
Contact Us:<br />
Persistence <strong>Market</strong> Research<br />
305 Broadway<br />
7th Floor, New York City,<br />
NY 10007, United States,<br />
USA - Canada Toll Free: 800-961-0353<br />
Email: sales@persistencemarketresearch.com<br />
media@persistencemarketresearch.com<br />
Web: http://www.persistencemarketresearch.com<br />
Persistence <strong>Market</strong> Research 6