ISO Shipping Container Market Analysis
The global ISO container market has been advancing at a steady rate and is expected to exhibit a CAGR of 5.60% over the forecast period, projects Market Research Future (MRFR) in an exhaustive study. ISO shipping containers are made according to ISO specifications and the need to comply with ISO standards has triggered the growth of the global ISO shipping container market. The global ISO shipping container market has been posting incremental growth on account of growing adoption of shipping containers in the seaborne trade.
The global ISO shipping container market is predicted to have a favorable growth at a stellar 5.60% CAGR over the estimated years (2017-2023). Containers are basically of two types- non-standard shipping containers and standard containers also called ISO or intermodal containers. The ISO containers are utilized for transporting freight and can be used for transporting freight over one mode; rail and ship or truck and rail. No wonder it is also known as intermodal containers. These containers are available in various types.
These flat rack containers are collapsible and are open sided with end bulkheads which can be folded after the rack is empty. An open rack container is utilized for transporting hard, tall or heavy load cargo as well as bulk material namely grain and coal. Such box type containers have no top and thus can be loaded either from the end or top of the container. Last, but not the least is the tank type container that is utilized for transporting bulk materials or liquid. It is made with a cylindrical tank that is mounted in a rectangular shaped steel framework.
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Leading players profiled in the ISO shipping container market include
- Shanghai Universal Logistics Equipment
- Maersk Container Industry A/S
- Charleston Marine Containers, Inc.
- CXIC Group
- Evergreen Marine Corporation
- Hoover Container Solutions Inc., and Sea Box Inc.
ISO Shipping Container Market Segmentation
MRFR report provides an extensive segmental analysis of the ISO shipping container market on the basis of type and application.
Based on type, it is segmented into high cube refrigerated container, refrigerated container, high cube dry container and standard dry container. Of these, standard dry container will have the largest share in the market over the estimated years.
Based on application, the ISO shipping container market is segmented into industrial transport, consumer goods transport and food transport. Of these, food transport will dominate the market over the estimated years.
April 2019 – Bintulu Port Holdings Bhd is all set to expand the capacity of the Bintulu International Container Terminal for coping with the growing need as it has already made a double-digit growth especially in container throughput for the last three consecutive years.
By region, the ISO shipping container market covers growth opportunities and latest trends across North America, Rest of the World, Europe and Asia Pacific. The APAC region led by China will stay at the fore in the ISO shipping container market over the estimate years owing to rapid industrialization in China coupled with supportive policies especially for international trade. Europe is also a strong market. Numerous regulatory authorities are effectively working to strengthen the capacity of export across various industries that is propelling the ISO shipping container market in this region.
1 Executive Summary
2.2 Scope Of The Study
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1.1 Growing Adoption Of Shipping Containers In Seaborne Trade
4.1.2 Growing Demand Of Commodities
4.1.3 3. Expanding Industrial Base For Shipping Containers In China
4.2.1 Fluctuation In Raw Material Prices
4.2.2 Slower Economic Growth
4.3.1 Expanding Market In China.
List Of Tables
TABLE 1 MARKET SYNOPSIS
TABLE 2 GLOBAL ISO SHIPPING CONTAINER MARKET, BY TYPE, 2012-2017 (USD MILLION)
TABLE 3 GLOBAL ISO SHIPPING CONTAINER MARKET, BY TYPE, 2012-2017 (USD MILLION)
TABLE 4 GLOBAL ISO SHIPPING CONTAINER MARKET, BY TYPE, 2012-2017 (MILLION TEU)
TABLE 5 GLOBAL ISO SHIPPING CONTAINER MARKET, BY TYPE, 2012-2017 (MILLION TEU)
TABLE 6 GLOBAL ISO SHIPPING CONTAINER MARKET, BY APPLICATION, 2012-2017 (USD MILLION)
List Of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 GLOBAL ISO SHIPPING CONTAINER MARKET: DRIVERS, RESTRAINTS AND TRENDS
FIGURE 4 INTERNATIONAL SEABORNE TRADE, BY CONTAINERS, 2010-2015 (MILLION TONS)
FIGURE 5 WORLD POPULATION, 2015-2016 (USD THOUSAND)
FIGURE 6 GLOBAL ISO SHIPPING CONTAINER MARKET: DRIVERS IMPACT ANALYSIS
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