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The container fleet market size is forecast to increase by USD 24.91 million teu, at a CAGR of 8.11% between 2023 and 2028. The market depends on several factors, including growing intermodal freight transportation, demand from refrigerated sea transportation, and consolidation and alliance formation for cost savings. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The market share of the dry containers segment will be significant during the forecast period. Dry cargo segment are designed and constructed to transport non-perishable cargo using intermodal freight transportation via sea, road, and rail for better readability. The demand for dry segment will arise mainly because of agriculture and the manufacturing of electronic goods, home appliances, textiles, and other bulk materials. The growing demand for more commodities and goods will drive the demand for dry segments.
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The dry containers segment was valued at 31.86 million teu in 2017 and continued to grow until 2021. The demand for dry segments mainly stems from countries such as China, India, Australia, Russia, the US, Mexico, South Africa, and Brazil. This is because of the significantly large population in these countries, backed by the high demand for commodities such as agricultural products, electronic goods, textiles, and other non-perishable goods. Thus, production of wheat and other non-perishable products will drive the dry segment of the market during the forecast period.
The growing intermodal freight transportation is notably driving the market, although factors such as declining freight rates may impede the industry. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Unifeeder AS - The company has a fleet of tankers with shipping lines providing easy coverage of ports and regions beyond reach. Through its single operating segment, the company has a fleet of tankers with a service network of disruption-free global coverage.
The report also includes detailed analyses of the competitive landscape of the industry and information about 15 industry companies, including:
Qualitative and quantitative industry growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC has brought many innovative technologies to improve trade, such as the replacement of lagging yield capacity, enhancement of research activities, the concentration of ship capacity, and new projects for low carbon dioxide emissions. China and India are the highest producers of horticulture products, such as fruits and vegetables, holding first and second ranks, respectively. Globally, the country is a major exporter of goods. The presence of China strengthens the growth of the market in the region. Apart from leading countries like China and India, there is high market growth in other countries such as Hong Kong, Singapore, and New Zealand due to the efficient labor market, excellent infrastructure, and a good transportation system.
The report forecasts market growth by revenue at global, regional & country levels and provides a market research and growth analysis of the latest trends and growth opportunities from 2017 to 2027.
Containerization has revolutionized global trade, enabling efficient transport via high-capacity vessels. As urbanization and disposable income rise, the demand for goods grows, necessitating effective fleet management systems. Refrigerated cargo tankers ensure the safe transport of perishable items like fresh vegetables, medicines, and meat, adhering to trade regulations and import-export protocols. Production and value chain optimization are critical, considering the impact of domestic players and emerging revenue pockets.
Market regulations drive strategic growth analysis, focusing on category market growths and application niches. Product approvals and launches, along with geographical expansions, drive technological innovations in fleet management. Comprehensive market analysis provides insights into market trends and dynamics, shaping the market's trajectory. In summary, the market thrives on efficiency and innovation, addressing the evolving needs of global trade. It stands as a vital component of modern logistics, facilitating the seamless movement of goods across borders and continents while adapting to changing market dynamics and technological advancements.
As global trade landscape is continually evolving, hih-capacity vessels and refrigerated cargo containers are playing pivotal roles in facilitating efficient import-export dynamics. Market analysis reveals intricate insights into production trends and the impact of domestic versus localized market players. Strategic growth analysis delves into key factors influencing market expansion, including product launches and technological advancements. Understanding the dynamics of high-capacity vessels and refrigerated containers enables stakeholders to navigate the complexities of international trade seamlessly.
Import-export analysis uncovers emerging trends and opportunities, guiding decision-makers in optimizing supply chain operations. By leveraging comprehensive market insights, businesses can adapt to changing market dynamics, capitalize on strategic opportunities, and stay ahead in a competitive global marketplace. The synergy between market analysis and strategic planning empowers organizations to anticipate market shifts, innovate product offerings, and drive sustainable growth in an ever-evolving landscape.
Container Fleet Market Scope
Report Coverage |
Details |
Page number |
177 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.11% |
Market growth 2023-2027 |
24.91 million teu |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.5 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 45% |
Key countries |
US, United Arab Emirates, China, Germany, and Brazil |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AP Moller Maersk AS, Arkas Container Transport SA, CMA CGM Group, COSCO Shipping Co., Ltd., CSI Group LLC, Evergreen Marine Corp. (Taiwan) Ltd., Hapag Lloyd AG, Hyundai Merchant Marine (Europe) Ltd., Kawasaki Kisen Kaisha Ltd., Mitsui O.S.K. Lines Ltd., MSC Mediterranean Shipping Co. SA, Nippon Yusen Kabushiki Kaisha, Orient Overseas Container Line Ltd., Pacific International Lines Pte. Ltd., Unifeeder AS, Wan Hai Lines Ltd., Westfal-Larsen Shipping AS, X-Press Feeders Ltd., Yang Ming Marine Transport Corp., and ZIM Integrated Shipping Services Ltd. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, market growth analysis,market growth and forecasting, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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