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At a CAGR of 9.35% between 2023 and 2030, the value of the global dry shipping container market is projected to increase from its 2022 valuation of $9.39 billion to about $20.89 billion.
There has been a significant shift in the dry container market recently. Dry shipping, in which cargo is transported in standard metal containers, was introduced in the middle of the twentieth century and revolutionized the global shipping industry. Shipping consumer products, clothing, electronics, and machinery is made easy and affordable with these specially designed containers. The uniform dimensions of dry shipping containers, specifically the 20-foot and 40-foot lengths, have promoted compatibility across many transportation modalities, including trucks, trains, and ships, rendering them a fundamental component of contemporary logistics and international commerce networks.
These containers are built to withstand the harsh circumstances of international transportation because of their solid design, which protects the contents from the elements and ensures the safe delivery of cargo to its destination. The increased demand for cost-effective, trustworthy, and efficient freight transit has led to a rapid expansion of the dry shipping container business. Innovations in container design and materials, the development of specialized containers for different types of cargo, and the incorporation of tracking and security technology have all helped to increase supply chain visibility and cargo protection. As long as international trade continues to grow, the dry shipping container business will remain an important contributor to the world economy.
Changes in the volume of international trade have a considerable effect on the demand for dry shipping containers. Trade agreements, geopolitical events, and economic conditions can all affect cargo volumes, which in turn can alter the dynamics of the container market. Changes in the shipping industry, such as growth, consolidation, and technological advancements, have an immediate effect on the container market. The efficiency, capacity, and size of containers are affected by environmental regulations, larger boats, and improvements to port infrastructure. There needs to be a harmony between container supply and demand. Container rates and profits for lessors can go down if there are too many available containers, while they might go up if there are too few.
Innovations in container design, materials, and tracking technologies enhance container security, efficiency, and environmental sustainability, all of which influence market tendencies. Increasing environmental restrictions have an effect on container price and operational costs, which in turn influences the adoption of eco-friendly container technology. Emissions caps and ballast water treatment mandates are two such regulations. Rates of interest, inflation, and currency exchange all play a role in the cost of shipping and container finance. The market's dynamics are also altered by these elements. Container ownership and lease agreements, as well as the level of competition among lessors, all have an impact on market dynamics and pricing. Altering container flows and market dynamics, new trade routes, expanded port facilities, and multimodal transportation links can be implemented.
The need for a larger and more varied container fleet becomes obvious as consumer demand forces global trade to continue expanding. Increasing trade volumes need for a larger and more efficient container capacity to meet transportation demands. As online shopping becomes more popular, there will be a greater need for shipping containers. An increase in the container fleet is a direct result of the rising demand for shipping containers from online merchants. As their economies grow, developing and emerging countries are able to increase their exports and imports. To accommodate the expanding volume of goods being transported along these routes, container shipping companies will need to raise their fleet sizes. Innovative container designs, materials, and tracking technology boost the safety and speed of shipping containers. Adapting to new regulations and a growing interest in sustainability, the use of eco-friendly container technology is on the rise. Expanding container fleets with environmentally friendly solutions is essential for meeting these regulations and reducing the carbon effect of shipping operations.
A glut of supply causes businesses to compete fiercely, which in turn drives down prices and squeezes profit margins. In order to attract customers, businesses often discount their offerings, cutting into their profits. In the retail and manufacturing sectors, having too much stock on hand is a common problem caused by overproduction. Keeping more stock than is necessary can be costly since it ties up capital, drives up storage costs, and risks losing money due to obsolescence or depreciation. Overproduction puts a burden on resources including labor, power, and materials. In addition to raising costs, this waste can increase greenhouse gas emissions and deplete natural resources. Underutilizing assets like manufacturing facilities or transportation infrastructure leads to inefficiency. When output is reduced, fixed costs are spread over fewer units, increasing the cost per unit while decreasing productivity. Financial instability can result from oversupply, especially in industries where corporations have made considerable expansion investments. A drop in demand can lead to losses for some companies, increased debt, or even bankruptcy. Oversupply can contribute to market volatility, which is characterized by unpredictable price and demand swings. Uncertainty makes it challenging for businesses to set long-term plans and strategic decisions.
Report Coverage
Global Dry Shipping Container research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Dry Shipping Container report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Dry Shipping Container competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Dry Shipping Container market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Dry Shipping Container market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Dry Shipping Container market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BNH Gas Tanks, Bulkhaul Limited, Danteco Industries BV, NewPort Tank, A.P. Moller - Maersk, COSCO SHIPPING Development Co., Ltd., CXIC Group, Singamas Container Holdings Limited, TLS Offshore Containers/TLS Special Containers, W&K Containers, Inc., Thurston Group Limited, OEG, Sea Box, Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Dry Shipping Container market based on the below-mentioned segments:
Global Dry Shipping Container Market, By Product
ISO Containers
Non-standardized Containers
Global Dry Shipping Container market, By Application
Consumer Goods Transport
Industrial Transport
Food Transport
Others
Global Dry Shipping Container Market, By Size
20’ Containers
40’ Containers
High Cube Containers
Others
Global Dry Shipping Container market, Regional Analysis
There has been a significant shift in the dry container market recently. Dry shipping, in which cargo is transported in standard metal containers, was introduced in the middle of the twentieth century and revolutionized the global shipping industry. Shipping consumer products, clothing, electronics, and machinery is made easy and affordable with these specially designed containers. The uniform dimensions of dry shipping containers, specifically the 20-foot and 40-foot lengths, have promoted compatibility across many transportation modalities, including trucks, trains, and ships, rendering them a fundamental component of contemporary logistics and international commerce networks.
These containers are built to withstand the harsh circumstances of international transportation because of their solid design, which protects the contents from the elements and ensures the safe delivery of cargo to its destination. The increased demand for cost-effective, trustworthy, and efficient freight transit has led to a rapid expansion of the dry shipping container business. Innovations in container design and materials, the development of specialized containers for different types of cargo, and the incorporation of tracking and security technology have all helped to increase supply chain visibility and cargo protection. As long as international trade continues to grow, the dry shipping container business will remain an important contributor to the world economy.
Changes in the volume of international trade have a considerable effect on the demand for dry shipping containers. Trade agreements, geopolitical events, and economic conditions can all affect cargo volumes, which in turn can alter the dynamics of the container market. Changes in the shipping industry, such as growth, consolidation, and technological advancements, have an immediate effect on the container market. The efficiency, capacity, and size of containers are affected by environmental regulations, larger boats, and improvements to port infrastructure. There needs to be a harmony between container supply and demand. Container rates and profits for lessors can go down if there are too many available containers, while they might go up if there are too few.
Innovations in container design, materials, and tracking technologies enhance container security, efficiency, and environmental sustainability, all of which influence market tendencies. Increasing environmental restrictions have an effect on container price and operational costs, which in turn influences the adoption of eco-friendly container technology. Emissions caps and ballast water treatment mandates are two such regulations. Rates of interest, inflation, and currency exchange all play a role in the cost of shipping and container finance. The market's dynamics are also altered by these elements. Container ownership and lease agreements, as well as the level of competition among lessors, all have an impact on market dynamics and pricing. Altering container flows and market dynamics, new trade routes, expanded port facilities, and multimodal transportation links can be implemented.
The need for a larger and more varied container fleet becomes obvious as consumer demand forces global trade to continue expanding. Increasing trade volumes need for a larger and more efficient container capacity to meet transportation demands. As online shopping becomes more popular, there will be a greater need for shipping containers. An increase in the container fleet is a direct result of the rising demand for shipping containers from online merchants. As their economies grow, developing and emerging countries are able to increase their exports and imports. To accommodate the expanding volume of goods being transported along these routes, container shipping companies will need to raise their fleet sizes. Innovative container designs, materials, and tracking technology boost the safety and speed of shipping containers. Adapting to new regulations and a growing interest in sustainability, the use of eco-friendly container technology is on the rise. Expanding container fleets with environmentally friendly solutions is essential for meeting these regulations and reducing the carbon effect of shipping operations.
A glut of supply causes businesses to compete fiercely, which in turn drives down prices and squeezes profit margins. In order to attract customers, businesses often discount their offerings, cutting into their profits. In the retail and manufacturing sectors, having too much stock on hand is a common problem caused by overproduction. Keeping more stock than is necessary can be costly since it ties up capital, drives up storage costs, and risks losing money due to obsolescence or depreciation. Overproduction puts a burden on resources including labor, power, and materials. In addition to raising costs, this waste can increase greenhouse gas emissions and deplete natural resources. Underutilizing assets like manufacturing facilities or transportation infrastructure leads to inefficiency. When output is reduced, fixed costs are spread over fewer units, increasing the cost per unit while decreasing productivity. Financial instability can result from oversupply, especially in industries where corporations have made considerable expansion investments. A drop in demand can lead to losses for some companies, increased debt, or even bankruptcy. Oversupply can contribute to market volatility, which is characterized by unpredictable price and demand swings. Uncertainty makes it challenging for businesses to set long-term plans and strategic decisions.
Report Coverage
Global Dry Shipping Container research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Dry Shipping Container report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Dry Shipping Container competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Dry Shipping Container market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BNH Gas Tanks, Bulkhaul Limited, Danteco Industries BV, NewPort Tank, A.P. Moller - Maersk, COSCO SHIPPING Development Co., Ltd., CXIC Group, Singamas Container Holdings Limited, TLS Offshore Containers/TLS Special Containers, W&K Containers, Inc., Thurston Group Limited, OEG, Sea Box, Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Dry Shipping Container Market from 2021 to 2030.
- Market Forecast for Dry Shipping Container Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Dry Shipping Container competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Dry Shipping Container
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Dry Shipping Container market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Dry Shipping Container market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BNH Gas Tanks, Bulkhaul Limited, Danteco Industries BV, NewPort Tank, A.P. Moller - Maersk, COSCO SHIPPING Development Co., Ltd., CXIC Group, Singamas Container Holdings Limited, TLS Offshore Containers/TLS Special Containers, W&K Containers, Inc., Thurston Group Limited, OEG, Sea Box, Inc.
Primary Target Market
- Market Players of Dry Shipping Container
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Dry Shipping Container market based on the below-mentioned segments:
Global Dry Shipping Container Market, By Product
ISO Containers
Non-standardized Containers
Global Dry Shipping Container market, By Application
Consumer Goods Transport
Industrial Transport
Food Transport
Others
Global Dry Shipping Container Market, By Size
20’ Containers
40’ Containers
High Cube Containers
Others
Global Dry Shipping Container market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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