QYR: The global Shipping Containers market is expected to reach USD 4126.01 million by the end of 2022
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Shipping containers are defined as containers that facilitate the transport and carriage of goods without the need to unload and/or reload the cargo at intermediate points.
These containers are commonly large rectangular boxes made of a special corrosion resistant grade of steel and are characterized by high strength and durability.
Containers are generally made up of aluminum and steel. The size and type built of each container comply with specifications and regulations formulated by the International Organization for Standardization (ISO).
According to QYResearch, In the past five years from 2012 to 2016, global Shipping Containers production revenue market scale was from 7395.92 million US dollars to $ 3366.01 million. It is estimated to reach 3763.54 million dollars by 2017 and USD 4126.01 million by the end of 2022, growing at a CAGR of 3.45% between 2016 and 2022.
In terms of volume, the Global Shipping Containers market sales was 1552367 TEU in 2016, and is predicted to reach 1760429 TEU in 2017and 2106449 TEU in 2022, with a CAGR 5.22% from 2016 to 2022. China`s sales volume accounted for the highest market share (31.18%) in 2016, followed by the USA and Europe.
At present, the manufactures of Shipping Containers are concentrated in United States, China, Europe, Japan, Taiwan, and Asia Other. Among them, USA, China and Europe play important roles. The global leading players in this market are CIMC, SINGAMAS, CXIC Group, Shanghai Universal Logistics Equipment, Maersk Container Industry, Charleston Marine Containers, Sea Box and Hoover Container Solutions.
The shipping containers are mainly used by food transport, Consumer Goods Transport and Industrial Product Transport. The main types of shipping containers are Dry Freight Containers and Refrigerated Containers The dominated type of shipping containers is Dry Freight Containers, accounting for about 80 % consumption market share.
Despite the presence of competition problems, due to the increasing demand of freight industry, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
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