DUBLIN, Oct. 04, 2017 /PRNewswire/ --
The "Global Container Leasing Market 2017-2021" report has been added to Research and Markets' offering.
The global container leasing market is forecast to grow at a CAGR of 16.12% during the period 2017-2021.
The report, Global Container Leasing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is consolidation in global container leasing market. The global container leasing market is highly consolidated, with the top five players holding around 85% of the global market share in container leasing. Small players are entering the market to grab the market opportunities face competitive pressure from the large players, forcing them to combine with the large players.
According to the report, one driver in the market is rising global container traffic. The global container traffic is growing steadily since 2010. The global recession of 2008 had caused a negative impact on the growth of the container movement in 2009. However, the demand for container increased from 2010. Development in the inter-Asia and intra-Asia trade is a major factor boosting the container traffic across the globe. For instance, in 2016, around 25 agreements were signed by India and China, making way for around $23 billion trade possibilities. Moreover, all the Asian countries are increasing trade by removing the trade barriers.
Further, the report states that one challenge in the market is fluctuating container disposal rate. The life span of a container varies between 10-12 years. The useful life of the container lasts only by 7 to 8 years. Certain retrofit cost is required to extend the useful life of the container. Once the container attains its maximum useful life, it has to be disposed of in a proper way to reduce landfills, so as to reduce environmental degradation. In container leasing, the lessor is responsible for the disposal of lifeless containers. So, the fluctuating disposable price is expected to negatively impact the revenue of lessors.
- China COSCO Shipping
- Triton International
Other prominent vendors
- Beacon Intermodal Leasing
- Blue Sky Intermodal
- CAI International
- CARU Containers
- Magellan Maritime Services
- Raffles Lease
- SeaCube Container Leasing
- Touax Global Container Solutions
- UES International (HK) Holdings
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/5sc994/global_container
Laura Wood, Senior Manager
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SOURCE Research and Markets