APAC Shipping Container Market Is Projected To Reach $ 5.9 Billion By 2024
Posted by Bharat Book on July 26th, 2019
Book Bureau Provides the Trending Market Research Report on “APAC Shipping Container Market By Size of Container (High Cube Container (40 feet); Small Container (20 feet); Others), By Product Type (Dry Container; Refrigerated Container; Others), By Goods Transported (Machinery, Equipment & Electronics; Chemicals & Petrochemicals; Others), By Country, Competition, Forecast & Opportunities, 2024” under Business Servicescategory. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
APAC Shipping Container Market was valued at $ 4.5 billion in 2018 and is projected to grow at a CAGR of 4.6% to reach $ 5.9 billion by 2024. A shipping container is a container with strength suitable to withstand shipment, storage, and handling. Owing to the factors, such as growing sea-borne trade, and the increasing trend of containerization of goods, a strong demand for shipping containers is anticipated during forecast period. Furthermore, availability of large coastal line and presence of majority of global shipping container manufacturers in Asia-Pacific is fueling the demand for shipping containers in the region. Moreover, increasing government initiatives, and expansion in untapped markets of Asia-Pacific such as India and Indonesia can unfold various opportunities for the growth of the market in the future.
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In terms of size of containers, the APAC shipping container market is categorized into small container (20 feet), large container (40 feet), high cube container (40 feet) and others. Of all, high cube containers accounted for majority of the APAC shipping container market for in 2018 and is anticipated to maintain its position during forecast period as well. This is mainly attributed to the longer life, cost-effective maintenance, high efficiency, and versatility of these containers.
In Asia-Pacific shipping container market, China accounted for more than 40% share in 2018 and is expected to maintain its dominance during forecast period as well. This is mainly due to growing demand for commodities and huge dependency on seaborne trade in the country.
The key players in the APAC shipping container market are TLS Offshore Containers International Pvt Ltd., China International Marine Containers (Group) Ltd (CIMC), Maersk Container Industry AS, W&K Containers Inc. among others.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
• To analyze and forecast the market size of APAC shipping container market
• To forecast APAC shipping container market based on size of container, product type, goods transported, and regional distribution
• To identify drivers and challenges for APAC shipping container market
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in APAC shipping container market
• To conduct pricing analysis for APAC shipping container market
• To identify and analyze the profile of leading players in the APAC shipping container market
Some of the leading players in the APAC shipping container market are TLS Offshore Containers International Pvt Ltd., China International Marine Containers (Group) Ltd (CIMC), Maersk Container Industry AS, W&K Containers Inc., Singamas Container Holdings Limited, Sea Box Inc., Florens Asset Management Company Limited, CXIC (CHANGZHOU XINHUACHANG INT'L CONTAINERS Co,. Ltd) Group Containers Company Limited, Guangdong Fuwa Engineering Group Co., Ltd etc.
Browse our full report with Table of Contents : https://www.bharatbook.com/marketreports/apac-shipping-container-market-by-size-of-container-high-cube-container-40-feet-small-container-20-feet-others-/1640015
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