Shipping Container Market to Garner $12.08 Bn, Globally, by 2026 at 4.3% CAGR: Allied Market Research

- Rise in trade-related agreements and increase in demand for cargo transportation through ships drive the growth of the global shipping containers market

PORTLAND, Oregon, June 4, 2020 /PRNewswire/ -- Allied Market Research recently published a report, "Shipping Container Market by Container Size (Small Container (20 feet), Large Container (40 feet), and High Cube Container (40 feet)), Product Type (Dry Storage Container, Flat Rack Container, Refrigerated Container, Special Purpose Container, and Others),and End Use (Food & Beverages, Consumer Goods, Healthcare, Industrial Products, Vehicle Transport, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027". According to the report, the global shipping containers industry was pegged at $8.70 billion in 2019, and is projected to garner $12.08 billion by 2026, registering a CAGR of 4.3% from 2020 to 2027.

Download Report Sample (265 Pages PDF with Insights, Charts, Tables, Figures) @ https://www.alliedmarketresearch.com/request-sample/2168

Prime determinants of the market growth

Rise in trade-related agreements and increase in demand for cargo transportation through ships drive the growth of the global shipping containers market. On the contrary, frequent various transportation and inventory costs hinder the market. However, trend of the automation in marine transportation and surge in marine safety norms are expected to open new opportunities for the market players in the future.

Covid-19 impact: The pandemic has negatively affected the global shipping container industry.

• The sudden change in the source of revenue for transport operators has resulted in the shortfall of funds, which would hamper the market growth.
• Dearth of skilled labor during lockdown across various countries and need to take corrective measurements after lockdown to protect the workforce would negatively impact the global shipping container market.

Get detailed COVID-19 impact analysis on the Shipping Container Market @ https://www.alliedmarketresearch.com/request-for-customization/2168?reqfor=covid

Small containers (20 Feet) segment to dominated the market

The small container segment held the lion's share in 2019, contributing to nearly one-third of the global shipping containers market, as small containers accumulate less space as compared to large-sized containers and thus, larger number of containers can be loaded over the ship. However, the large container segment is expected to manifest the highest CAGR of 4.8% during the forecast period. This is due to increased trend towards cargo transportation through shipping means.

Healthcare segment to manifest fastest growth through 2027

The healthcare segment to portray the highest CAGR of 5.8% during the forecast period, owing to increased production of medicines and healthcare instruments across the globe. However, the industrial products segment held the largest share, accounting for around one-fourth of the global shipping containers market in 2019, as manufacturing companies prefer to transport big machines and other industrial equipment across countries over other available alternatives.

Interested to Procure The Data? Inquire here @ https://www.alliedmarketresearch.com/purchase-enquiry/2168

Asia-Pacific region, followed by Europe and North America, to portray fastest CAGR

The global shipping containers market across Asia-Pacific, followed by Europe and North America, held the largest share in 2019, accounting for more than one-third of the market. Moreover, the region is expected to register the highest CAGR of 5.5% during the forecast period, owing to increased production and transportation of different categories of cargo from Asia-Pacific to different parts of the world.

Major market players

• CARU containers
• A.P. Moller–Maersk Group
• China International Marine Containers
• OEG Offshore limited
• COSCO SHIPPING Development Co., Ltd
• TLS Offshore Containers International
• Singamas Container Holdings Limited
• CXIC Group
• W&K Containers, Inc.
• YMC Container Solutions

Schedule a Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/2168

Similar Reports We Have:

Aircraft Cargo Container Market: The global aircraft cargo container market is segmented into container type, material type, deck type, application, end user, and region.

China Shipping Container Market: (Company Profiles)

Smart Fleet Management Market: The global smart fleet management market segmented on the basis of on mode of transportation, application, connectivity, and region.

Refrigerated Trailer Market: The global refrigerated trailer market is segmented on the basis of type, end user, and geography.

Asia-Pacific Cold Chain Logistics Market: The Asia-Pacific cold chain logistics market is segment based on business type, end-use industry, product, technology, and country.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

SOURCE Allied Market Research