The latest report published by IMARC Group, titled “Shipping Container Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the Shipping Container Market Size. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global shipping container market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.02% during 2023-2028. A shipping container is a standardized steel box used for transporting goods by sea, land, or air. It is available in various sizes and is designed to be stacked on top of each other to maximize space on cargo ships or trucks. It comes in a variety of forms and materials, ranging from large reusable steel boxes used for intermodal shipments to ubiquitous corrugated boxes. It is built to withstand the rigors of transportation, with a durable steel frame and walls comprised of corrugated steel panels. It is also weather-resistant, with watertight seals and ventilation to prevent condensation. As a result, it is used for transporting a wide range of goods, from electronics and clothing to heavy machinery and vehicles.

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Industry Demand:

The increasing demand for cargo transportation through ships is driving the global market. Moreover, the expanding e-commerce sector is fuelling the demand for shipping containers, as more and more goods are being transported directly to consumers. Besides, the development of infrastructure, such as ports, railways, and highways, is also fuelling the demand. Furthermore, the growing adoption of IoT-connected devices by major shipping companies is assisting in the collection of a large amount of data during the entire transportation process. Other factors, including the rising in trade-related agreements and continuous technological advancements, are also influencing the market.

Competitive Landscape with Key Players:

• A.P. Moller – Maersk
• CARU Containers B.V
• China Eastern Containers
• COSCO SHIPPING Lines Co. Ltd. (China COSCO Shipping Corporation Limited)
• CXIC Group Containers Company Limited
• OEG Offshore Limited
• Ritveyraaj Cargo Shipping Containers
• SEA BOX Inc.
• Singamas Container Holdings Limited
• TLS Offshore Containers International
• W&K Containers Inc.
• YMC Container Solutions

Breakup by Product:

• Dry Storage Containers
• Flat Rack Containers
• Refrigerated Containers
• Special Purpose Containers
• Others

Breakup by Container Size:

• Small Containers (20 feet)
• Large Containers (40 feet)
• High Cube Containers
• Others

Breakup by Application:

• Food and Beverages
• Consumer Goods
• Healthcare
• Industrial Products
• Vehicle Transport
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook 
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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1. Shipping Container Market