Market Snapshot:
Dry cargo containers are widely used for shipping all types of dry bulk goods, boxes, pallets, and many more. The rapidly growing shipping industry and increasing development of large container vessels to meet the demand of globalization will increase the adoption of dry cargo containers. Smart containers are becoming more popular among end-users as they enable monitoring or tracking conditions and the status of dry cargo during transportation is likely to create strong growth in the near future.
Highlights from Dry Cargo Container Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Manufacturers profiled in the report are W&K Container (United States), TLS Offshore Containers (Singapore), Maersk Container Industry (Denmark), CXIC Group Containers (China), YMC Container Solutions (United Kingdom), DCM Hyundai Limited (India), AB Sea Container Private Limited (India), Sea Box (United States), Singamas Container Holdings Limited (China), American President Lines (United States), Hapag-Lloyd AG (Germany) and CMA CGM Group (France).
Geographic Breakdown and Segment Analysis
The Global Dry Cargo Container market presents a comprehensive analysis of the Dry Cargo Container market by product type (Storage Roll Containers, Half-Height Containers, Open-Top Containers, Double Door Containers, Open-Side Containers, Tunnel Containers and Flat Racks), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Dry Cargo Container industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Dry Cargo Container market
Analyst at AMA have segmented the market study of Global Dry Cargo Container market by Type, Application and Region.
Influencing Trend:
Increasing Adoption of Smart Dry Cargo Containers Across the Shipping Industry
Market Growth Drivers:
Development of Shipping Hubs and Rapid Growth of Container Shipping and Surging Demand for Dry Cargo Containers Across Various Industries for the Movement of Dry Goods
Challenges:
Dry Cargo Container Can Only Be Used for Shipping Nonperishable Dry Goods
Restraints:
High Costs Associated with Smart Dry Container May Limit the Adoption
Opportunities:
The Application of Unused Dry Containers into Innovative Structures
Market Developments Activities:
In September 2021, China International Marine Containers Ltd. (CIMC) acquired Maersk's container manufacturing unit to become the world's biggest manufacturer of shipping containers. With this acquisition, CIMC will strengthen its monopoly in the container manufacturing sector.
In April 2022, CMA CGM Group acquired 100% of the capital of GEFCO, the European leader in automotive logistics to strengthen its position as a global player in transportation & logistics. GEFCO is a European leader in logistics and a specialist in the automotive sector. The acquisition will allow CMA CGM Group and its subsidiary to strengthen the range of logistics services in France and the rest of Europe.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
Dry Cargo Container Manufacturers, Suppliers & Distributors, Government Body & Associations, End-users and New Entrants/Investors