Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for shipping & logistics professionals · Wednesday, August 21, 2019 · 494,173,055 Articles · 3+ Million Readers

Global Shipping Containers Market to Reach $12.08 Billion by 2023: AMR

Surge in seaborne trade, rise of transportation services, and increase in number of manufacturing facilities drive the growth of the global shipping containers market. Asia-Pacific is a lucrative region. It contributed to more than one-third of the total market share in 2017 and would maintain its highest market share throughout the forecast period. This region is also expected to register the highest CAGR of 5.7% from 2017 to 2023.

/EIN News/ -- Portland, OR, July 15, 2019 (GLOBE NEWSWIRE) -- According to the report by Allied Market Research, the global shipping containers market garnered $9.29 billion in 2017 and is estimated to reach $12.08 billion by 2023, growing at a CAGR of 4.5% from 2017 to 2023. The research provides a detailed analysis of changing market dynamics, key segments, major investment pockets, key market players, and competitive intelligence.

Surge in seaborne trade, rise of transportation services, and increase in number of manufacturing facilities drive the growth in the market. However, decreasing economic growth in few nations in Europe and the Asia-Pacific region restrain the market growth. On the other hand, the implementation of development programs and different supportive initiatives present new opportunities for growth.

Get Sample Report for More Details @ https://www.alliedmarketresearch.com/request-sample/2168

Based on type of container, the dry storage container segment held the largest share in terms of revenue in 2017, contributing more than one-fourth of the total market share. This segment is expected to maintain its dominance throughout the forecast period. In addition, this segment is expected to grow at the highest CAGR of 5.4% throughout the forecast period. It is a lucrative segment. The research also analyzes flat rack container, refrigerated container, special purpose container, and others.

Based on size of container, the small containers (20 feet) segment accounted for more than one-third of the total share in 2017 and is expected to continue to dominate position during the forecast period. On the other hand, the high cube containers (40 feet) segment is estimated to attribute to the highest CAGR of 4.9% from 2017 to 2023. The research also analyzes large containers (40 feet).

Inquire more about this report @ https://www.alliedmarketresearch.com/purchase-enquiry/2168

Asia-Pacific is a lucrative region. It contributed to more than one-third of the total market share in 2017 and is estimated to maintain its highest market share throughout the forecast period. This region is also expected to register the highest CAGR of 5.7% from 2017 to 2023. The report also analyzes Europe, North America, and LAMEA.

Key market players active in the market include China International Marine Containers (Group) Ltd., CXIC GROUP, TLS Offshore Containers International, Singamas Container Holdings Limited, A.P. MOLLER - MAERSK GROUP, W&K Containers, Inc., Dong Fang International Asset Management Ltd., China Shipping Container Lines Co. Ltd., YMC Container Solutions, and Jindo Co. Ltd.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.  

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
                    David Correa
                    5933 NE Win Sivers Drive
                    #205, Portland, OR 97220
                    United States
                    Toll Free: +1-800-792-5285
                    UK: +44-845-528-1300
                    Hong Kong: +852-301-84916
                    India (Pune): +91-20-66346060
                    Fax: +1?855?550-5975
                    help@alliedmarketresearch.com
                    Web: https://www.alliedmarketresearch.com

AMR Logo.png

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release