In 2018, the Global Container Shipping Market Size valued for USD xx million and anticipated to project the rise of USD xx million in 2025, registering a CAGR of x.x% during the forecast period.
Containers are generally created of aluminum and steel. Individual size and type of container comply with specifications and regulation formulated by the International Organization for Standardization (ISO).
Shipping containers holds a wide variety of types. The most essential type of container shipping market trends is dry cargo. Dry cargo containers are often called as a special containers as it include open end, half- , open side, open top, refrigerated, modular, flat rack, liquid bulk. These containers are created with a standardized exterior lengths and widths.
However, open top containers are specifically used for easy loading of cargo such as machineries, and odd sized goods. Flat racks are used for machineries, vehicles, industrial equipment, and boats. Furthermore, open side containers are used for transporting vegetable such as potatoes, onions and more other. Tank containers are used to transport liquids such as oil, wine, chemicals, and petrol.
Each containers has its own unique unit number, which is basically known as box number. Box numbers are used by ship captains, customs officers, crew members, dock supervisors, and warehouse managers to recognize the owner of a container and exactly who is using it to ship goods, and to track the containers location across the world.
Discussing the geographical outlook, North America influences the global container shipping market to improve transportation services in this region. The U.S. efficiently represents the largest market for container shipping followed by Canada in North America. In Europe, Germany, The U.K. Spain, Italy, and France hold the major share of the container shipping market. Asia is anticipated to witness high growth rates in the next five years, as many key players are manufacturing facilities in this region. The increasing number of manufacturing units would result in significant rise in demand for containers. Improving transportation services are boosting growth of the container shipping market in this region. Japan, China, and India are expected to be the fastest-growing container shipping market in Asia.
Growing demand for transportation services is believed to be a major driver of the global container shipping market 2018. Increasing number of manufacturing units and factories fueled the growth of the global container shipping market. In addition, several government associations are also uplifting growth of the global container shipping market by providing specific guidelines to shipping companies for better results.
Geographically, the global container shipping market 2018 is widely driven in North America, U.S., Canada, Europe, France, Germany, Italy, Spain, U.K., Easter Europe, CIS, APAC, China, India, Japan, Australia, Latin America, Argentina, Brazil, and more others.
Leading players of the global container shipping market include HANJIN, China Ocean Shipping Company, HAPAG-LLOYD, Mediterranean Shipping Company, MAERSK, and China Shipping Container Lines.
Key geographies evaluated in this report are:
- North America
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- Latin America
What to expect from the upcoming report on ‘Global Container Shipping Market’:
- Future prospects and current trends of the global container shipping market 2018 by the end of forecast period. (2017 – 2025).
- Information regarding technological progressions as well as innovations across the world
- Supportive initiatives by government likely to influence the market dynamics.
- In-depth analysis of different market segmentations including regional segmentations, applications and types.
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.