Container Shipping Market Scope
Containers are basically used to transport the objects from one place to another. In container shipping, the containers are of various standard sizes that is 20 foot (6.09 m), 40 foot (12.18 m), 45 foot (13.7 m), 48 foot (14.6 m), and 53 foot (16.15 m), they are used to load, transport, and unload the objects or goods. As a result, then, containers can be moved by ships, trains, and trucks. Containers are generally made up of steel, and aluminum. The type and size built of each container comply with the regulations and specifications formulated by the International Organization for Standardization (ISO). Currently, the rising number of manufacturing units and factories has driven the growth of the global container shipping market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Maersk (Denmark), CMA CGM (France), COSCO Container Lines (China), Evergreen Line (Taiwan), Mediterranean Shipping (Switzerland), APL (United States), China Shipping (China), Hamburg Sud (Germany), Hanjin Shipping (South Korea) and Hapag-Lloyd (Germany) |
CAGR | % |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Maersk (Denmark), CMA CGM (France), COSCO Container Lines (China), Evergreen Line (Taiwan), Mediterranean Shipping (Switzerland), APL (United States), China Shipping (China), Hamburg Sud (Germany), Hanjin Shipping (South Korea) and Hapag-Lloyd (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Mitsui O.S.K Lines (Japan), NYK Line (Japan), Orient Overseas Container Line (Hong Kong), China International Marine Containers (China), CXIC Group (China), Singamas Container Holdings Limited.(Hong Kong), TLS Offshore Containers / TLS Special Containers (Singapore), W&K Containers, Inc.(United States), YMC Container Solutions (United Kingdom), CARU Containers (United States) and OEG OFFSHORE LIMITED (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Container Shipping market by Type and Region with country level break-up.
On the basis of geography, the market of Container Shipping has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In June 2018, CMA CGM to acquire Containerships, was an intra-European short sea specialist with a strong presence in the Baltic market, Russia, Northern Europe, North Africa and Turkey.
The Transportation Equipment Cleaning (TEC) Effluent Guidelines and Standards (40 CFR Part 442) were promulgated in 2000. The regulations cover the interior cleaning of tank containers on trucks, rail cars, barges and ships. There are about 2,400 facilities performing these cleaning operations and discharging directly to surface waters or indirectly through publicly owned treatment works (POTWs).
Influencing Trend:
Growth of Intermodal Shipping Transportation
Market Growth Drivers:
Increasing Demand for Transportation Services and Growing Demand for Cost-Effective Shipping Solution
Challenges:
Tariff or Tax Levied On the Goods and Difficult To Transport Under Slack (Partially Full) Conditions
Restraints:
High Initial Costs and On-Going Maintenance Expenses
Opportunities:
Government Associations are also Boosting Growth of the Global Container Shipping Market
Key Target Audience
Container Shipping Service Provider, Suppliers of Containers, Containers Manufacturers, Oil & Gas Industry, Petroleum Industry, Chemical Industry, Governmental Bodies, Research Firms and Others