Global Dry Container Fleet Market 2017-2021

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Overview of the global dry container fleet market

According to Technavio's market research report, the global dry container fleet market will grow at a CAGR of more than 2% during the forecast period. One of the key factors that will stimulate growth in the market during the projected period is the growth in intermodal transportation. Intermodal transportation is gaining popularity because it requires low investments and is highly efficient and environmental friendly. This transportation offers door-to-door delivery along with a shorter delivery time. It also ensures the safety of the cargo and involves the use of different routes. Intermodal transportation involves only a few idle periods during the operation and is easy to track. Shippers highly prefer intermodal transportation due to the introduction of technological advancements such as computerized vehicle routing, online freight exchange, and active traffic management, driving the dry container fleet market size. 

The rising demand for fleet management systems is one of the key trends that will gain traction in the dry container fleet market until the end of 2021. Fleet management systems help deal with the dynamic operation, uncertainty, and demand imbalance. Fleet management techniques enable container tracking, container distribution, fleet sizing, maintenance, and repositioning of empty containers. This in turn, improves the operational efficiency and enables risk minimization and cost control. Additionally, they also help in reducing the non-value-added activities of large container operators.

Competitive landscape and key vendors

The dry container fleet market is highly competitive due to the presence of Chinese manufacturers who provide most of the services. The growing focus of vendors towards gaining more market shares will strengthen the competitive environment of this market. To strengthen their market presence in the dry shipping containers market, several leading refrigerator shipping container vendors are focusing on forming strategic partnerships and joint ventures.

Key vendors in this market are -

• China COSCO Shipping
• CMA CGM
• Maersk
• MSC

Other prominent vendors in the market include APL, Hamburg Sud, Orient Overseas Container Line, and Hapag-Lloyd.

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Segmentation by container type and analysis of the dry container fleet market

• Open-top containers
• Bulk containers
• Flat rack containers
• Ventilated containers

Open-top containers are highly preferred over other containers because they enable easy packing and unpacking. The roof bows ensure the stability of the container and support the tarpaulin. The adoption of open-top containers will continue to increase in the forthcoming years in the dry shipping containers market. The adoption of these open-top containers is owing to their utility for tall cargo, machinery, timber, steel, scrap metal, ore and other mined materials, pipes, cables, and general industrial goods.

Segmentation by geography and analysis of the dry container fleet market

• Americas
• APAC
• EMEA

According to the dry container fleet industry analysis, APAC accounted for the majority shares of the dry container fleet market during 2016. China consumes more than 40% of global dry commodities. APAC is witnessing an increasing demand for animal feed grains, dairy products, and meat and other perishable products. Also, the transportation of agricultural products is carried out through containers rather than by bulk ships. This will boost the adoption of dry container fleet in this region during the next four years.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global dry container fleet market?
• What are the key market trends impacting the growth of the global dry container fleet market?
• What are the challenges to market growth?
• Who are the key vendors in the global dry container fleet market?
• What are the market opportunities and threats faced by the vendors in the global dry container fleet market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global dry container fleet market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming industry research report on the global dry container fleet market offers insights into the key trends and emerging drivers influencing the growth of the transportation and logistics industry. Our collection of market research reports for the transportation and logistics industry pursue a scrupulous data collection methodology and offer an analysis of fast growing market segments like logistics.

By considering the market forecast and size, the market research professionals at Technavio offer an exclusive picture of the global dry container fleet market for the estimated period of 2017 to 2021. This forthcoming market research report on the global dry container fleet market also covers vendors like Maersk, China Cosco, CMA CGM, and MSC.

This market research report on the global dry container fleet market also takes into account the growth of similar markets like perishable goods transportation and third-party logistics, which are anticipated to post an impressive CAGR of almost 7% and 6%, respectively during the forecast period.

The upcoming industry research report on the global dry container fleet market also categorizes the key drivers, major trends, as well as the pain points faced by the logistics industry. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the transportation and logistics industry. Technavio also provides deep-dive market assessments into the sectors such as transportation and distribution, packaging, and tags and labels.

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