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Shipping Container market Growth at a CAGR of 14.0% from 2021 to 2030

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The global Shipping Container market size was reached at USD 8.41 billion in 2020 and is projected to surpass US$ 20.80 billion by 2030, expanding growth at a CAGR of 14.0% from 2021 to 2030.

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Growth Factors

The market is witnessing a high growth owing to rising maritime shipping on account of an increase in trade agreements across the nations. Most of the shipping containers are manufactured as per the specifications outlined by International Organization for Standardization (ISO), mainly to enable smooth and hassle-free loading/unloading and also to guarantee that the container will withstand extreme environments and structural integrity during transportation.

20’ and 40’ are the most popular sizes of shipping containers as of 2021. Although based on application shipping containers are often manufactured in a variety of sizes such as 8’, 10’, 48’, 53’, and others. Their increasing demand for transportation of a variety of goods such as food, pharmaceutical, automotive components, and agricultural products is expected to support industry growth.

Report Coverage

Report Scope Details
Market Size USD 20.80 billion by 2030
Growth Rate CAGR of 14.0% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Type, Size, Flooring, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Bertschi AG; BNH Gas Tanks; Bulkhaul Limited; Danteco Industries BV; NewPort Tank; A.P. Moller – Maersk; China International Marine Containers (Group) Ltd.; COSCO SHIPPING Development Co., Ltd.; CXIC Group; Singamas Container Holdings Limited; TLS Offshore Containers/TLS Special Containers; W&K Containers, Inc.; Thurston Group Limited; CARU Containers; OEG; Sea Box, Inc.; IWES LTD; Norcomp Nordic AB

By Product Analysis

The market is witnessing a high growth owing to rising maritime shipping on account of an increase in trade agreements across the nations. Most of the shipping containers are manufactured as per the specifications outlined by International Organization for Standardization (ISO), mainly to enable smooth and hassle-free loading/unloading and also to guarantee that the container will withstand extreme environments and structural integrity during transportation.

Typically, ISO containers have a height and width of 2.591 m and 2.438 m, respectively. They come with lengths of 6.058 m (known as 20-ft containers) and 12.192 m (known as 40-ft containers). The rising adoption of automation at container terminals is projected to drive the standardization of containers over the coming years.

By Type Analysis

Dry containers dominated the market and dominated for over 82.2% share of global revenue in 2020. Low cost, wide availability, and extensive application of dry containers for shipping of dry materials mainly contributed to its high share in the type segment in 2020.

Dry containers are airtight and effectively prevent damage of inside goods from harsh conditions. Most of the dry containers are made using steel; however, in some cases, aluminum is also used. Reefer is among the popular shipping container, used to transport temperature-critical goods such as vegetables, seafood, fish, meat, fruits, pharmaceutics, flowers, and alcoholic beverages. Reefers are expensive as compared to dry containers owing to added refrigeration mechanism in them.

By Size Analysis

Based on size, 40’ containers dominated the industry and accounted for over 48.2% share of global revenue in 2020. Factors such as large space and durability offered by the 40’ container as compared to 20’ mainly attributed to its higher adoption across the application industries.

The dimensions of 20’ containers comply with the international standard, ISO 668:1995. 20’ container typically provides 160 ft sq square of storage space. These are more convenient in terms of handling and less expensive than the 40’ containers. High cube is another popular container size, which is similar to 40’ containers in terms of length and breadth; however, their height is 1 foot more than standard 40’ containers

By Flooring Analysis

 Wood flooring dominated the global shipping container market and accounted for nearly 59.9% of the market share, in terms of volume. The higher inclination towards wood flooring is majorly observed owing to its low cost, adequate strength, aesthetic appeal, and durability.

Bamboo flooring is projected to witness the fastest growth in the global market from 2020 to 2030. Cost-effectiveness, easy availability, and sustainability are key factors augmenting the growth of bamboo flooring.

Metal-floored shipping containers mainly use steel and aluminum for flooring. Steel flooring is generally used in shipping containers, which are specifically designed for industrial applications.

By Application Analysis

Industrial transport the application segment with a share of 57.6% by revenue in the global market in 2020. Extensive use of shipping containers for transportation of industrial raw materials and manufactured goods such as metals, minerals, oil & gases, chemicals, machinery, automobiles, aircraft parts, etc. are attributed to the high share of the industrial transport segment in 2020.

The consumer goods segment is expected to witness significant growth in the market over the forecast period. It primarily includes transportation of electronic devices, furniture, toys, and others through shipping containers.

The food transport application segment mainly comprises the use of shipping containers for the transportation of food items and beverages such as vinegar; alcohols and spirits; food ingredients; pulses; vegetable oils; canned, dried, and condiments; sauces; jams and jellies; prepared/preserved seafood; and snacks.

By Regional Analysis

The Asia Pacific region dominated the regional market and dominated for over 69.1% share of global revenue in 2020. Strong maritime trade from Asia Pacific countries such as China, Japan, India, South Korea, and others mainly contributed to its leading position in the global market.

Europe emerged as the second-largest market for shipping containers and is anticipated to witness considerable growth from 2020 to 2030. Rising maritime trade activities are projected to remain a key growth factor for the European market.

Key Players

  • Bertschi AG
  • BNH Gas Tanks
  • Bulkhaul Limited
  • Danteco Industries BV
  • NewPort Tank
  • A.P. Moller – Maersk
  • China International Marine Containers (Group) Ltd
  • COSCO SHIPPING Development Co., Ltd.
  • CXIC Group
  • Singamas Container Holdings Limited
  • TLS Offshore Containers/TLS Special Containers
  • W&K Containers, Inc.
  • Thurston Group Limited
  • OEG
  • Sea Box, Inc.
  • IWES LTD.
  • Norcomp Nordic AB

Market Segmentation

  • Product
    • ISO Containers
    • Non-standardized Containers
  • Type
    • Dry Containers
    • Reefer Containers
    • Tank Containers
    • Others
  • Size
    • 20’ Containers
    • 40’ Containers
    • High Cube Containers
    • Others
  • Flooring
    • Wood
    • Bamboo
    • Metal
    • Vinyl
    • Others
  • Application
    • Consumer Goods Transport
    • Industrial Transport
    • Food Transport
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
    • Central & South America
      • Brazil
    • MEA
      • UAE

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Shipping Container Market, By Product

7.1.  Shipping Container Market, by Product, 2021-2030

7.1.1.    ISO Containers

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Non-standardized Containers

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Shipping Container Market, By Type

8.1.  Shipping Container Market, by Type, 2021-2030

8.1.1.    Dry Containers

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Reefer Containers

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Tank Containers

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Others

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Shipping Container Market, By Size

9.1.  Shipping Container Market, by Size, 2021-2030

9.1.1.    20’ Containers

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    40’ Containers

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    High Cube Containers

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Others

9.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Shipping Container Market, By Flooring

10.1.        Shipping Container Market, by Flooring, 2021-2030

10.1.1.  Wood

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  Bamboo

10.1.2.1.      Market Revenue and Forecast (2017-2030)

10.1.3.  Metal

10.1.3.1.      Market Revenue and Forecast (2017-2030)

10.1.4.  Vinyl

10.1.4.1.      Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Shipping Container Market, By Application

11.1.        Shipping Container Market, by Application, 2021-2030

11.1.1.  Consumer Goods Transport

11.1.1.1.      Market Revenue and Forecast (2017-2030)

11.1.2.  Industrial Transport

11.1.2.1.      Market Revenue and Forecast (2017-2030)

11.1.3.  Food Transport

11.1.3.1.      Market Revenue and Forecast (2017-2030)

11.1.4.  Others

11.1.4.1.      Market Revenue and Forecast (2017-2030)

Chapter 12.      Global Shipping Container  Market, Regional Estimates and Trend Forecast

12.1.        North America

12.1.1.  Market Revenue and Forecast, by Product (2017-2030)

12.1.2.  Market Revenue and Forecast, by Type (2017-2030)

12.1.3.  Market Revenue and Forecast, by Size (2017-2030)

12.1.4.  Market Revenue and Forecast, by Flooring (2017-2030)

12.1.5.  Market Revenue and Forecast, by Application (2017-2030)

12.1.6.  U.S.

12.1.6.1.      Market Revenue and Forecast, by Product (2017-2030)

12.1.6.2.      Market Revenue and Forecast, by Type (2017-2030)

12.1.6.3.      Market Revenue and Forecast, by Size (2017-2030)

12.1.6.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.1.6.5.      Market Revenue and Forecast, by Application (2017-2030)

12.1.7.  Rest of North America

12.1.7.1.      Market Revenue and Forecast, by Product (2017-2030)

12.1.7.2.      Market Revenue and Forecast, by Type (2017-2030)

12.1.7.3.      Market Revenue and Forecast, by Size (2017-2030)

12.1.7.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.1.7.5.      Market Revenue and Forecast, by Application (2017-2030)

12.2.        Europe

12.2.1.  Market Revenue and Forecast, by Product (2017-2030)

12.2.2.  Market Revenue and Forecast, by Type (2017-2030)

12.2.3.  Market Revenue and Forecast, by Size (2017-2030)

12.2.4.  Market Revenue and Forecast, by Flooring (2017-2030)

12.2.5.  Market Revenue and Forecast, by Application (2017-2030)

12.2.6.  UK

12.2.6.1.      Market Revenue and Forecast, by Product (2017-2030)

12.2.6.2.      Market Revenue and Forecast, by Type (2017-2030)

12.2.6.3.      Market Revenue and Forecast, by Size (2017-2030)

12.2.6.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.2.6.5.      Market Revenue and Forecast, by Application (2017-2030)

12.2.7.  Germany

12.2.7.1.      Market Revenue and Forecast, by Product (2017-2030)

12.2.7.2.      Market Revenue and Forecast, by Type (2017-2030)

12.2.7.3.      Market Revenue and Forecast, by Size (2017-2030)

12.2.7.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.2.7.5.      Market Revenue and Forecast, by Application (2017-2030)

12.2.8.  France

12.2.8.1.      Market Revenue and Forecast, by Product (2017-2030)

12.2.8.2.      Market Revenue and Forecast, by Type (2017-2030)

12.2.8.3.      Market Revenue and Forecast, by Size (2017-2030)

12.2.8.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.2.8.5.      Market Revenue and Forecast, by Application (2017-2030)

12.2.9.  Rest of Europe

12.2.9.1.      Market Revenue and Forecast, by Product (2017-2030)

12.2.9.2.      Market Revenue and Forecast, by Type (2017-2030)

12.2.9.3.      Market Revenue and Forecast, by Size (2017-2030)

12.2.9.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.2.9.5.      Market Revenue and Forecast, by Application (2017-2030)

12.3.        APAC

12.3.1.  Market Revenue and Forecast, by Product (2017-2030)

12.3.2.  Market Revenue and Forecast, by Type (2017-2030)

12.3.3.  Market Revenue and Forecast, by Size (2017-2030)

12.3.4.  Market Revenue and Forecast, by Flooring (2017-2030)

12.3.5.  Market Revenue and Forecast, by Application (2017-2030)

12.3.6.  India

12.3.6.1.      Market Revenue and Forecast, by Product (2017-2030)

12.3.6.2.      Market Revenue and Forecast, by Type (2017-2030)

12.3.6.3.      Market Revenue and Forecast, by Size (2017-2030)

12.3.6.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.3.6.5.      Market Revenue and Forecast, by Application (2017-2030)

12.3.7.  China

12.3.7.1.      Market Revenue and Forecast, by Product (2017-2030)

12.3.7.2.      Market Revenue and Forecast, by Type (2017-2030)

12.3.7.3.      Market Revenue and Forecast, by Size (2017-2030)

12.3.7.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.3.7.5.      Market Revenue and Forecast, by Application (2017-2030)

12.3.8.  Japan

12.3.8.1.      Market Revenue and Forecast, by Product (2017-2030)

12.3.8.2.      Market Revenue and Forecast, by Type (2017-2030)

12.3.8.3.      Market Revenue and Forecast, by Size (2017-2030)

12.3.8.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.3.8.5.      Market Revenue and Forecast, by Application (2017-2030)

12.3.9.  Rest of APAC

12.3.9.1.      Market Revenue and Forecast, by Product (2017-2030)

12.3.9.2.      Market Revenue and Forecast, by Type (2017-2030)

12.3.9.3.      Market Revenue and Forecast, by Size (2017-2030)

12.3.9.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.3.9.5.      Market Revenue and Forecast, by Application (2017-2030)

12.4.        MEA

12.4.1.  Market Revenue and Forecast, by Product (2017-2030)

12.4.2.  Market Revenue and Forecast, by Type (2017-2030)

12.4.3.  Market Revenue and Forecast, by Size (2017-2030)

12.4.4.  Market Revenue and Forecast, by Flooring (2017-2030)

12.4.5.  Market Revenue and Forecast, by Application (2017-2030)

12.4.6.  GCC

12.4.6.1.      Market Revenue and Forecast, by Product (2017-2030)

12.4.6.2.      Market Revenue and Forecast, by Type (2017-2030)

12.4.6.3.      Market Revenue and Forecast, by Size (2017-2030)

12.4.6.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.4.6.5.      Market Revenue and Forecast, by Application (2017-2030)

12.4.7.  North Africa

12.4.7.1.      Market Revenue and Forecast, by Product (2017-2030)

12.4.7.2.      Market Revenue and Forecast, by Type (2017-2030)

12.4.7.3.      Market Revenue and Forecast, by Size (2017-2030)

12.4.7.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.4.7.5.      Market Revenue and Forecast, by Application (2017-2030)

12.4.8.  South Africa

12.4.8.1.      Market Revenue and Forecast, by Product (2017-2030)

12.4.8.2.      Market Revenue and Forecast, by Type (2017-2030)

12.4.8.3.      Market Revenue and Forecast, by Size (2017-2030)

12.4.8.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.4.8.5.      Market Revenue and Forecast, by Application (2017-2030)

12.4.9.  Rest of MEA

12.4.9.1.      Market Revenue and Forecast, by Product (2017-2030)

12.4.9.2.      Market Revenue and Forecast, by Type (2017-2030)

12.4.9.3.      Market Revenue and Forecast, by Size (2017-2030)

12.4.9.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.4.9.5.      Market Revenue and Forecast, by Application (2017-2030)

12.5.        Latin America

12.5.1.  Market Revenue and Forecast, by Product (2017-2030)

12.5.2.  Market Revenue and Forecast, by Type (2017-2030)

12.5.3.  Market Revenue and Forecast, by Size (2017-2030)

12.5.4.  Market Revenue and Forecast, by Flooring (2017-2030)

12.5.5.  Market Revenue and Forecast, by Application (2017-2030)

12.5.6.  Brazil

12.5.6.1.      Market Revenue and Forecast, by Product (2017-2030)

12.5.6.2.      Market Revenue and Forecast, by Type (2017-2030)

12.5.6.3.      Market Revenue and Forecast, by Size (2017-2030)

12.5.6.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.5.6.5.      Market Revenue and Forecast, by Application (2017-2030)

12.5.7.  Rest of LATAM

12.5.7.1.      Market Revenue and Forecast, by Product (2017-2030)

12.5.7.2.      Market Revenue and Forecast, by Type (2017-2030)

12.5.7.3.      Market Revenue and Forecast, by Size (2017-2030)

12.5.7.4.      Market Revenue and Forecast, by Flooring (2017-2030)

12.5.7.5.      Market Revenue and Forecast, by Application (2017-2030)

Chapter 13.  Company Profiles

13.1.              Bertschi AG

13.1.1.  Company Overview

13.1.2.  Product Offerings

13.1.3.  Financial Performance

13.1.4.  Recent Initiatives

13.2.              BNH Gas Tanks

13.2.1.  Company Overview

13.2.2.  Product Offerings

13.2.3.  Financial Performance

13.2.4.  Recent Initiatives

13.3.              Bulkhaul Limited

13.3.1.  Company Overview

13.3.2.  Product Offerings

13.3.3.  Financial Performance

13.3.4.  Recent Initiatives

13.4.              Danteco Industries BV

13.4.1.  Company Overview

13.4.2.  Product Offerings

13.4.3.  Financial Performance

13.4.4.  Recent Initiatives

13.5.              NewPort Tank

13.5.1.  Company Overview

13.5.2.  Product Offerings

13.5.3.  Financial Performance

13.5.4.  Recent Initiatives

13.6.              A.P. Moller – Maersk

13.6.1.  Company Overview

13.6.2.  Product Offerings

13.6.3.  Financial Performance

13.6.4.  Recent Initiatives

13.7.              China International Marine Containers (Group) Ltd

13.7.1.  Company Overview

13.7.2.  Product Offerings

13.7.3.  Financial Performance

13.7.4.  Recent Initiatives

13.8.              COSCO SHIPPING Development Co., Ltd

13.8.1.  Company Overview

13.8.2.  Product Offerings

13.8.3.  Financial Performance

13.8.4.  Recent Initiatives

13.9.              CXIC Group

13.9.1.  Company Overview

13.9.2.  Product Offerings

13.9.3.  Financial Performance

13.9.4.  Recent Initiatives

13.10.           Singamas Container Holdings Limited

13.10.1.               Company Overview

13.10.2.               Product Offerings

13.10.3.               Financial Performance

13.10.4.               Recent Initiatives

Chapter 14.  Research Methodology

14.1.              Primary Research

14.2.              Secondary Research

14.3.              Assumptions

Chapter 15.  Appendix

15.1.              About Us

15.2.              Glossary of Terms

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