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ISO Shipping Container Market Research Report – Forecast To 2023

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Global ISO Shipping Container Market By Type (Standard Dry Container, High Cube Dry Container, Refrigerated Container and High Cube Refrigerated Container), By Application (Food Transport, Consumer Goods Transport and Industrial Transport) by Region
ISO Shipping Container Market Research
Report - Global Forecast to 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
ISO Shipping Container Market
Global ISO Shipping Container Market By Type (Standard Dry Container, High Cube Dry Container, Refrigerated Container
and High Cube Refrigerated Container), By Application (Food Transport, Consumer Goods Transport and Industrial
Transport) by Region (North America, Europe, China, India, Japan, South Korea and Southeast Asia) - Global Forecast to
2023.
ISO shipping containers, are large shipping containers, made out of various grades of steel, and built for freight transport. These are
used in transportation across modes such as road, sea and rail. The ISO shipping containers are manufactured with identical size
specification. Such containers are manufactured after the adoption of the ISO specification. The typical sizes of these containers remain
10’, 20’ and 40’ across types such as standard dry containers and refrigerated containers.
The global ISO shipping container market is expected to witness moderate growth over the forecast period. The growth of ISO
Shipping Container market is influenced by growing adoption of shipping containers in the seaborne trade, growing demand of
commodities, and expanding industrial base in China. Impact on the environment, fluctuation in raw material prices and slower
economic growth, hinder the growth of the market.
Global ISO Shipping Container market is expected to grow with the CAGR of approximately 5.60% during the forecast period.
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ISO Shipping Container Market
Regional Analysis
The global ISO Shipping Container market is increasing tremendously influenced by major drivers such as, growing adoption of
shipping containers in the seaborne trade, growing demand of commodities, and expanding industrial base in China.
China has witnessed expanding manufacturing capabilities when it comes to shipping containers. The country’s shipping industry is
governed by CIMC (Shenzhen, China). The industry in China is driven by low labor cost. Small and medium scale players have
emerged in last decade, making the market fragmented in the country. In fact the global brands such as Maersk, Hapag-Lloyd,
Evergreen, OOCL, Cronos, Hyundai, and Hamburg, have established their manufacturing base in China to take advantage of the low
costs. This makes China an important market for shipping industry, including shipping containers. The supportive policies and
favorable environment in China along with its expanding industrial capabilities, have enabled the growth of the global market.
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ISO Shipping Container Market
Segmentation
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ISO Shipping Container Market
Major Players
The key players of global ISO Shipping Container market are CIMC, SINGAMAS, CXIC Group, Shanghai Universal Logistics
Equipment, Maersk Container Industry A/S, Charleston Marine Containers, Inc., Sea Box Inc., Hoover Container Solutions
Inc., Hapag-Lloyd, and Evergreen Marine Corporation.
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Author
Monica Nerkar
Monica Nerkar591   document Email
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Business and Leadership
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container, ISO Shipping Container
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