Shipping Container Market Valued at USD 10.5 Billion in 2023, Estimated to Grow at 4.2% CAGR by 2030 | Bertschi AG., Bulkhaul Limited, BNH Gas Tanks

The Global Shipping Container Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.

Shipping Container Market Outlook - [Growth-rate, Value and Size By 2030]

The Global Shipping Container Market size is valued at around USD 10.5 billion in 2023 and it is estimated to grow at a CAGR of about 4.2% during the forecast period, i.e., 2024-30. The market is witnessing substantial growth, primarily driven by the increasing volume of maritime shipping resulting from the proliferation of trade agreements among nations. This growth is attributed to the secure & efficient transfer of cargo, a hallmark of containerized shipping compared to alternative transportation methods.

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Regional Insight:

• North America
• Europe
• Asia Pacific
• Middle East/Africa
• South America

Among them, the Asia-Pacific experienced considerable growth in the Global Shipping Container Market.

Trend in the Shipping Container Market

Rise of AI-based Container Tracking in Global Ports – AI-based container tracking has been a growing trend in the field of shipping containers, and global ports have embraced this technology to optimize their processes and gain a competitive edge in the market. Given that a significant portion of the country's trade was conducted through maritime channels, a large volume of containers has been entering & leaving the ports daily. Further, to effectively monitor & locate these containers, port authorities are increasingly integrating AI-based container tracking systems. For instance: 

• In 2023, Gorilla Technology entered a strategic relationship with British Telecom to deliver an innovative Container Identification and Container Damage Detection solution.

Therefore, as the integration of AI-based tracking systems has been rapidly gaining traction, it has been fueling the demand for the shipping industry. By leveraging advanced technologies, the port authorities aim to streamline operations, improve efficiency, and provide seamless container tracking services. The adoption of an AI-based tracking system is projected to increase in the coming years, which would drive the demand for the maritime industry globally and consequently expected to influence the Shipping Container Market Growth in the forecast years.

Industry Competitors: Shipping Container Market

• Bertschi AG.
• Bulkhaul Limited
• BNH Gas Tanks
• A. P Moller Maersk
• NewPort
• Danteco Industries BV
• China International Marine Containers (Group) Ltd.
• COSCO SHIPPING Development Co., Ltd.                                          
• TLS Offshore Containers / TLS Energy
• CXIC Group
• W&K Container
• Thurston Group
• Caru Container
• OEG Offshore
• Sea Box
• Others.

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Market Segmentation:

Segment, By Product

 > ISO Container

 > Non Standardized Container

Segment, By Type

 > Dry Container

 > Reefer Container

 > Tank Container

Segment, By Size

 > 20 feet

 > 40 feet

 > High Cube Containers

Segment, By Application

 > Food & Beverages

 > Consumer Goods

 > Healthcare

 > Industrial Product

 > Vehicle Transport

 > Others

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Frequently Asking Questions (FAQ’s):

• Which companies lead the Global Shipping Container Market? 
• How will current trends shape the market in the coming years? 
• What opportunities, challenges, and driving forces characterize the Shipping Container Industry? 
• Which specific Shipping Container market segments should industry competitor target to capitalize on recent technological advancements? 
• What is the projected growth rate of the global Shipping Container market?

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