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Shipping Containers Market by Size of Container (Small Container (20 feet), Large Container (40 feet), and High Cube Container (40 feet)), and Product Type (Dry Storage Container, Flat Rack Container, Refrigerated Container, Special Purpose Container) - Global Opportunity Analysis and Industry Forecast, 2017 - 2023
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AU_172168
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Pages: 160
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Apr
2017 |
13962 Views
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Author(s) :
Ankit Singh Pundir
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Tables: 43
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Charts: 35
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Formats*:
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Shipping Containers Market Overview:
Global Shipping Containers Market was valued at $8,705 million in 2015, and is expected to reach $12,083 million by 2023, growing at a CAGR of 4.5% from 2017 to 2023. A shipping container is a container with strength suitable to withstand shipment, storage, and handling. These containers range from large reusable steel boxes used for intermodal shipments to the ubiquitous corrugated boxes. The containers are a means to bundle cargo and goods into large unitized loads, easily handled, moved, and stacked, and can be tightly packed in a ship or yard-similar to cardboard boxes and pallets. They are generally made up of aluminum and steel. The size and type built of each container comply with specifications and regulations formulated by the International Organization for Standardization (ISO).
China entered into the shipping container manufacturing in 1980 with the formation of CIMC in Shenzhen, China, but only gained its greatest momentum beginning in 1993. Not only was Chinas low cost of labor an issue, but was also becoming the largest producer and recycler of steel. Till 1995, Taiwan, Hong Kong, Japan, Korea, and most of Europe were producing their shipping containers in Mainland China. Since 1996, CIMC is the largest manufacturer of ISO containers in the world, and by 2007 China produced 82% of the entire world supply of ISO shipping containers. Now, there are many small companies in China that fabricate the ISO certified containers.
Improvement in transportation services, growth of seaborne trade, and rise in number of manufacturing facilities are major factors that are driving the growth of the market. China is the largest producer of shipping containers in the world in terms of volume and is expected to maintain its position in the forecast period as well. It is attributed to the availability of low cost labor in China and rise in demand for efficient transportation modules across the globe. Implementation of development programs by government organizations further fuels the growth of the market. Moreover, the decline in global oil prices results in cost savings, due to which shipping companies invest in the purchase of new shipping containers globally. Also, variation in prices of steel affects the average selling price of these containers. However, slower economic growth in countries such as China and certain European countries is expected to hinder the global shipping containers market during the forecast period.
The market segmentation is based on size of container, product type, and geography. The size of container segment is further classified into small containers (20 feet), large containers (40 feet), and high cube containers (40 feet). The product type segment is bifurcated into dry storage container, flat rack container, refrigerated container, special purpose container, and others. Geographically, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, The Netherlands, and rest of Europe), Asia-Pacific (China, Japan, South Korea, Malaysia, Singapore, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
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Asia-Pacific Lead Shipping Container Market
Asia-Pacific held the largest market share of the global shipping container market in 2015 and accounted for about 35% of the share of the total market. This is mainly due to growing demand of commodities and huge dependency on seaborne trade in countries such as India, China, and Indonesia. Availability of large coastal line and presence of majority of global shipping container manufacturers in Asia Pacific fuel the growth of shipping containers in Asia-Pacific. Also, increase in government initiatives, and expansion in untapped market of Asia Pacific such as India, and Indonesia can unfold various opportunities for the growth of the market in the future.
Market Share of Leading Countries, 2015 (% Share)
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High Cube Container Segment Topmost Investment Pocket
The high cube container segment offers potential for investment in the global shipping container market, owing to its projected growth rate during the forecast period 2017 to 2023. Versatility of container and growth in seaborne trade favors the growth of high cube container, thereby showing the highest growth rate of 4.9% over the forecast period (2017-2023).
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The key players profiled in the global shipping containers market include China International Marine Containers (Group) Ltd., TLS Offshore Containers International, CXIC GROUP, A.P. MOLLER - MAERSK GROUP, Singamas Container Holdings Limited, Dong Fang International Asset Management Ltd., W&K Containers, Inc., YMC Container Solutions, China Shipping Container Lines Co. Ltd., and Jindo Co. Ltd.
Other players in value chain include MSC Mediterranean Shipping Company S.A., CMA CGM Group, Sea Box Inc., and Tempohousing.
Key Benefits
- The study provides an in-depth analysis of the global shipping container market, with current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2015 to 2023, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
- It also provides historical figures for 2015 and 2023 and Y-o-Y forecasts from 2017 to 2023, considering 2015 as base.
Shipping Containers Market Key Segments:
By Size Of Container
- Small Container (20 feet)
- Large Container (40 feet)
- High Cube Container (40 feet)
By Product Type
- Dry Storage Container
- Flat Rack Container
- Refrigerated Container
- Special Purpose Container
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- The Netherlands
- Rest of Europe
- Asia-Pacific
- China
- South Korea
- Japan
- Singapore
- Malaysia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Market Players in Value Chain
- China International Marine Containers (Group) Ltd.
- TLS Offshore Containers International
- CXIC GROUP
- A.P. MOLLER - MAERSK GROUP
- Singamas Container Holdings Limited
- Dong Fang International Asset Management Ltd.
- W&K Containers, Inc.
- YMC Container Solutions
- China Shipping Container Lines Co. Ltd.
- Jindo Co. Ltd.
- MSC Mediterranean Shipping Company S.A.
- CMA CGM Group
- Sea Box Inc.
- Tempohousing
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS
2.2. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of competitive rivalry
3.4. MARKET SHARE ANALYSIS, 2016
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Growth of seaborne trade
3.5.1.2. Improvement in transportation services
3.5.1.3. Rise in number of manufacturing facilities
3.5.2. Restraints
3.5.2.1. Slower economic growth in countries of Europe and Asia-Pacific
3.5.3. Opportunities
3.5.3.1. Implementation of developmental programs by government organization
CHAPTER 4 SHIPPING CONTAINERS MARKET, BY SIZE OF CONTAINERS
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. SMALL CONTAINERS (20 FEET)
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. LARGE CONTAINERS (40 FEET)
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.4. HIGH CUBE CONTAINERS (40 FEET)
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast
CHAPTER 5 SHIPPING CONTAINERS MARKET, BY PRODUCT TYPE
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. DRY STORAGE CONTAINERS
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.3. FLAT RACK CONTAINERS
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.4. REFRIGERATED CONTAINERS
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast
5.5. SPECIAL PURPOSE CONTAINERS
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast
5.6. OTHERS
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast
CHAPTER 6 SHIPPING CONTAINERS MARKET, BY GEOGRAPHY
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. NORTH AMERICA
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.2.3. U.S.
6.2.3.1. Market size and forecast
6.2.4. Canada
6.2.4.1. Market size and forecast
6.2.5. Mexico
6.2.5.1. Market size and forecast
6.3. EUROPE
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
6.3.3. FRANCE
6.3.3.1. Market size and forecast
6.3.4. GERMANY
6.3.4.1. Market size and forecast
6.3.5. ITALY
6.3.5.1. Market size and forecast
6.3.6. UK
6.3.6.1. Market size and forecast
6.3.7. THE NETHERLANDS
6.3.7.1. Market size and forecast
6.3.8. REST OF EUROPE
6.3.8.1. Market size and forecast
6.4. ASIA-PACIFIC
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast
6.4.3. SOUTH KOREA
6.4.3.1. Market size and forecast
6.4.4. CHINA
6.4.4.1. Market size and forecast
6.4.5. JAPAN
6.4.5.1. Market size and forecast
6.4.6. SINGAPORE
6.4.6.1. Market size and forecast
6.4.7. MALAYSIA
6.4.7.1. Market size and forecast
6.4.8. REST OF ASIA-PACIFIC
6.4.8.1. Market size and forecast
6.5. LAMEA (LATIN AMERICA MIDDLE-EAST AND AFRICA)
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast
6.5.3. LATIN AMERICA
6.5.3.1. Market size and forecast
6.5.4. THE MIDDLE EAST
6.5.4.1. Market size and forecast
6.5.5. AFRICA
6.5.5.1. Market size and forecast
CHAPTER 7 RELATED INDUSTRY INSIGHTS
7.1. WORLD MARINE PROPELLER MARKET
7.2. WORLD MARINE DYNAMIC POSITIONING SYSTEM MARKET
7.3. WORLD MARINE PROPULSION ENGINE MARKET
7.4. WORLD COLD INSULATION MARKET
CHAPTER 8 COMPANY PROFILES
8.1. China International Marine Containers (Group) Ltd.
8.1.1. Company overview
8.1.2. Operating business segments
8.1.3. Business performance
8.1.4. Key strategic moves and developments
8.2. TLS Offshore Containers International
8.2.1. Company overview
8.2.2. Operating business segments
8.2.3. Business performance
8.2.4. Key strategic moves and developments
8.3. CXIC GROUP
8.3.1. Company overview
8.3.2. Operating business segments
8.3.3. Business performance
8.3.4. Key strategic moves and developments
8.4. A.P. MOLLER - MAERSK GROUP
8.4.1. Company overview
8.4.2. Operating business segments
8.4.3. Business performance
8.4.4. Key strategic moves and developments
8.5. Singamas Container Holdings Limited
8.5.1. Company overview
8.5.2. Operating business segments
8.5.3. Business performance
8.5.4. Key strategic moves and developments
8.6. Dong Fang International Asset Management Ltd.
8.6.1. Company overview
8.6.2. Operating business segments
8.6.3. Business performance
8.6.4. Key strategic moves and developments
8.7. W&K Containers, Inc.
8.7.1. Company overview
8.7.2. Operating business segments
8.7.3. Business performance
8.7.4. Key strategic moves and developments
8.8. YMC Container Solutions
8.8.1. Company overview
8.8.2. Operating business segments
8.8.3. Business performance
8.8.4. Key strategic moves and developments
8.9. China Shipping Container Lines Co., Ltd.
8.9.1. Company overview
8.9.2. Operating business segments
8.9.3. Business performance
8.9.4. Key strategic moves and developments
8.10. Jindo Co., Ltd.
8.10.1. Company overview
8.10.2. Operating business segments
8.10.3. Business performance
8.10.4. Key strategic moves and developments
*Other players in the value chain include.
- MSC Mediterranean Shipping Company S.A.
- CMA CGM Group
- Sea Box Inc.
- Tempohousing
*Profiles of these players are not included. The same will be included on request
LIST OF TABLES
TABLE 1. SHIPPING CONTAINERS MARKET, BY SIZE OF CONTAINERS, 2015-2023 ($MILLION)
TABLE 2. SMALL CONTAINERS (20 FEET) MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 3. LARGE CONTAINERS (40 FEET) MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 4. HIGH CUBE CONTAINERS (40 FEET) MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 5. SHIPPING CONTAINERS MARKET, BY PRODUCT TYPE, 2015-2023 ($MILLION)
TABLE 6. DRY STORAGE CONTAINERS MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 7. FLAT RACK CONTAINERS MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 8. REFRIGERATED CONTAINERS MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 9. SPECIAL PURPOSE CONTAINERS MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 10. OTHERS MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 11. SHIPPING CONTAINERS MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 12. NORTH AMERICA: SHIPPING CONTAINERS MARKET, BY SIZE OF CONTAINERS, 2015-2023 ($MILLION)
TABLE 13. NORTH AMERICA: SHIPPING CONTAINERS MARKET, BY PRODUCT TYPE, 2015-2023 ($MILLION)
TABLE 14. NORTH AMERICA: SHIPPING CONTAINERS MARKET, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 15. EUROPE: SHIPPING CONTAINER MARKET, BY SIZE OF CONTAINER, 2015-2023 ($MILLION)
TABLE 16. EUROPE: SHIPPING CONTAINER MARKET, BY PRODUCT TYPE, 2015-2023 ($MILLION)
TABLE 17. EUROPE: SHIPPING CONTAINER MARKET, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 18. ASIA-PACIFIC: SHIPPING CONTAINER MARKET, BY SIZE OF CONTAINER, 2015-2023 ($MILLION)
TABLE 19. ASIA-PACIFIC: SHIPPING CONTAINER MARKET, BY PRODUCT TYPE, 2015-2023 ($MILLION)
TABLE 20. ASIA-PACIFIC: SHIPPING CONTAINER MARKET, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 21. LAMEA: GASOLINE DIRECT INJECTION MARKET, BY COMPONENT, 2015-2023 ($MILLION)
TABLE 22. LAMEA: GASOLINE DIRECT INJECTION MARKET, BY VEHICLE TYPE, 2015-2023 ($MILLION)
TABLE 23. LAMEA: GASOLINE DIRECT INJECTION MARKET, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 24. CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) LTD.: COMPANY SNAPSHOT
TABLE 25. CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) LTD.: OPERATING SEGMENTS
TABLE 26. TLS OFFSHORE CONTAINERS INTERNATIONAL: COMPANY SNAPSHOT
TABLE 27. TLS OFFSHORE CONTAINERS INTERNATIONAL: OPERATING SEGMENTS
TABLE 28. CXIC GROUP: COMPANY SNAPSHOT
TABLE 29. CXIC GROUP: OPERATING SEGMENTS
TABLE 30. A.P. MOLLER - MAERSK GROUP: COMPANY SNAPSHOT
TABLE 31. A.P. MOLLER - MAERSK GROUP: OPERATING SEGMENTS
TABLE 32. SINGAMAS CONTAINER HOLDINGS LIMITED: COMPANY SNAPSHOT
TABLE 33. SINGAMAS CONTAINER HOLDINGS LIMITED: OPERATING SEGMENTS
TABLE 34. DONG FANG INTERNATIONAL ASSET MANAGEMENT LTD.: COMPANY SNAPSHOT
TABLE 35. DONG FANG INTERNATIONAL ASSET MANAGEMENT LTD.: OPERATING SEGMENTS
TABLE 36. W&K CONTAINERS, INC.: COMPANY SNAPSHOT
TABLE 37. W&K CONTAINERS, INC.: OPERATING SEGMENTS
TABLE 38. YMC CONTAINER SOLUTIONS: COMPANY SNAPSHOT
TABLE 39. YMC CONTAINER SOLUTIONS: OPERATING SEGMENTS
TABLE 40. CHINA SHIPPING CONTAINER LINES CO., LTD.: COMPANY SNAPSHOT
TABLE 41. CHINA SHIPPING CONTAINER LINES CO., LTD.: OPERATING SEGMENTS
TABLE 42. JINDO CO., LTD.: COMPANY SNAPSHOT
TABLE 43. JINDO CO., LTD.: OPERATING SEGMENTS
LIST OF FIGURES
FIGURE 1. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION (2013 - 2016)
FIGURE 2. TOP WINNING STRATEGIES: NATURE AND TYPE
FIGURE 3. TOP INVESTMENT POCKETS IN GLOBAL SHIPPING CONTAINERS MARKET, BY SIZE OF CONTAINERS
FIGURE 4. PORTERS FIVE FORCES ANALYSIS
FIGURE 5. MARKET SHARE ANALYSIS, 2015
FIGURE 6. SHIPPING CONTAINERS MARKET REVENUE 2016 % SHARE, BY PRODUCT TYPE
FIGURE 7. SHIPPING CONTAINERS MARKET REVENUE 2016 % SHARE, BY GEOGRAPHY
FIGURE 8. U.S.: SHIPPING CONTAINERS MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 9. CANADA: SHIPPING CONTAINERS MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 10. MEXICO: SHIPPING CONTAINERS MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 11. FRANCE: SHIPPING CONTAINER MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 12. GERMANY: SHIPPING CONTAINER MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 13. ITALY: SHIPPING CONTIANER MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 14. UK: SHIPPING CONTIANER MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 15. THE NETHERLANDS: SHIPPING CONTIANER MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 16. REST OF EUROPE: SHIPPING CONTAINER MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 17. SOUTH KOREA: SHIPPING CONTAINER MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 18. CHINA: SHIPPING CONTAINER MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 19. JAPAN: SHIPPING CONTAINER MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 20. SINGAPORE: SHIPPING CONTAINER MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 21. MALAYSIA: SHIPPING CONTAINER MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 22. REST OF ASIA-PACIFIC: SHIPPING CONTAINER MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 23. LATIN AMERICA: GASOLINE DIRECT INJECTION MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 24. MIDDLE EAST: GASOLINE DIRECT INJECTION MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 25. AFRICA: GASOLINE DIRECT INJECTION MARKET SIZE, 2015-2023 ($MILLION)
FIGURE 26. CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) LTD. SNAPSHOT
FIGURE 27. TLS OFFSHORE CONTAINERS INTERNATIONAL SNAPSHOT
FIGURE 28. CXIC GROUP SNAPSHOT
FIGURE 29. A.P. MOLLER - MAERSK GROUP SNAPSHOT
FIGURE 30. SINGAMAS CONTAINER HOLDINGS LIMITED SNAPSHOT
FIGURE 31. DONG FANG INTERNATIONAL ASSET MANAGEMENT LTD. SNAPSHOT
FIGURE 32. W&K CONTAINERS, INC. SNAPSHOT
FIGURE 33. YMC CONTAINER SOLUTIONS SNAPSHOT
FIGURE 34. CHINA SHIPPING CONTAINER LINES CO., LTD. SNAPSHOT
FIGURE 35. JINDO CO., LTD. SNAPSHOT
The global shipping container market is expected to have a steady growth due to increase in seaborne trade and industrialization globally. The market in the developed countries such as the U.S., Canada, Mexico, and Germany experiences slower growth when compared to the developing regions such as China, India, South Africa, and the Middle East, owing to the availability of raw material and low cost labor in these regions.
Ultra large container vessels capable of carrying more than 18.000 TEU (twenty-foot-equivalent-units) represent the fastest growing segment of global shipping container fleet. The arrival of such vessels exacerbates supply-and-demand inter balances on the major trade lines. Ports located in Asia and Europe are designed to hold these tremendous vessels on the coastal lines of the region. Also, Europe’s economic decline has resulted in reduced demand on the Asia-Europe trade lane.
According to the International Monetary Fund (IMF), the volume of global trade, which is key to the demand for container shipping services, is anticipated to increase by 3.4 percent in 2016. The total containership fleet grew by 8 percent in 2015 which added to the persisting overcapacities in the market. Subsequently, container freight rates declined by 30-40 percent even as scrapping of capacities continued. In contrast, container charter rates did increase in the first half of 2015, but could not keep the gains as they ended up 10 percent less than the prior year by the end of 2015. The containership order book at the end of 2015 stands at 18 percent of existing capacity which is a rather moderate increase of ordering activities as compared to the beginning of the year. In 2014, head-haul trade was just over double the size of back-haul. Asia accounted for the highest import volumes due to strong interregional trade, while North America experienced the highest import growth, due to higher Mexican imports. BIMCO expects the shipping container segment to see a net fleet growth of around 3.1% in 2017.
In terms of ocean container throughput and volume growth, the Asia Pacific region continues to dominate the globe, largely due to the recent and sustained double-digit increases in exports from China. China is the major shareholder of the shipping container market globally. Factors such as availability of raw materials, low cost labor, large coastal line, and large dependency on the seaborne trade are driving the growth of the market. The ISO containers (international standards) and non-ISO containers are manufactured in China and are exported to almost all parts of the world. The international market share of China is getting larger every year. China specializes in manufacturing of special purpose containers such as warm-keeping, pot, and regional special containers. Altogether, China has almost 900 diverse types of containers in various sizes which are expected to cater the needs of large section of customers.
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