Global Container Shipping Market by Type (20 Foot (6.09 M), 40 Foot (12.18 M), 45 Foot (13.7 M), 48 Foot (14.6 M), 53 Foot (16.15 M)), By Application (Industrial, Agricultural, Automotive, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The global container shipping market is projected to grow from USD 16.5 billion in 2017 to USD 18.6 billion by 2028, at an estimated CAGR of 2.29%. This report provides a detailed analysis of economic forecasts for the period 2018-2028 and highlights key trends such as increasing investments in infrastructure, rising trade volumes and changing consumer preferences that are expected to drive demand over the forecast period.
Container shipping is the transportation of goods in containers or “box” that has been sealed by both parties before delivery. The container ships are then loaded with these boxes, which can be stacked on top of each other like Lego bricks. This offers many advantages over traditional bulk shipments because they take up less space and offer more safety for cargo. Container vessels also travel faster than conventional ones, making them cheaper to use for long-haul freight journeys.
On the basis of type, the global container shipping market is segmented into 20ft, 40ft, 45ft, 48ft, and 53 ft.
20ft
20ft container shipping is the transportation of goods in containers or “box” that has been sealed by both parties before delivery. The 20 foot long boxes are then loaded with these boxes, which can be stacked on top of each other like Lego bricks. This offers many advantages over traditional bulk shipments because they take up less space and offer more safety for cargo.
40ft
40ft container shipping is the most common type of container in use as it measures 360 inches and can hold about 14,000 cubic feet. These containers are often used for industrial purposes such as warehouses or work environments that require a lot of storage space.
45ft
45ft container shipping refers to containers that measure 45 feet in length, or 13.72 meters (m). 45ft container shipping is used for most agricultural products and automobiles.
48ft
48ft container shipping is a type of container ship designed to transport freight on long-haul journeys, usually overseas. The 48ft containers are considered larger than 20ft and offer more space for cargo as well as additional features such as dedicated storage areas inside the hulls that can be used to store dangerous goods away from living quarters. This in turn reduces safety risks during maritime accidents or other emergencies.
53ft
The 53ft container is the largest type of shipping container. It measures 16.15 meters long, and it can hold more than 40 tonnes of cargo – or 15,000 cubic feet worth of goods. The average weight per box for this type is around 18,500 kilograms (40,700 pounds). These containers are typically used to transport heavy machinery such as cars or construction equipment across international borders.
On the basis of application, the global container shipping market is segmented into industrial, agricultural, automotive, and others.
Industrial
The industrial application is the use of container shipping for large-scale commercial or manufacturing purposes. Container ships are used to transport both heavy and light cargo internationally, including raw materials such as coal or metal ores that cannot be easily transported by land due to their weight. This type of transportation provides companies with access to a much larger market than they might normally have locally while also reducing the cost per unit shipped.
Agricultural
The agricultural application involves the export of crops across oceans in order to create a global food supply chain; this allows countries all over the world to grow specialized crops without wasting space on nonperishable items like wheat, rice, and corn which can be grown anywhere. Typically these containers will carry a variety of different products, from rice and potatoes to blueberries. However, some countries are beginning to specialize in a particular crop such as strawberries where they will only export this one type of fruit for the sake of efficiency.
Automotive
Container ships have also been used extensively for transportation purposes within the automotive industry because it reduces transport time and cost per unit shipped; however, due to recent advances in technology (such as electric cars) which may reduce demand for container shipping services, there is uncertainty about future growth potentials or contraction risks.
On the basis of region, the global container shipping market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is expected to dominate the global container shipping market based on a share in terms of revenue with significant growth during the forecast period from 2017-2028. The region has been witnessing constant trade activities due to its geographical proximity and robustness in the economy, which are supporting factors for increasing investments by major players in this region. The US holds an important position within North America as it accounts for more than half of the total fleet size along with being one among top port holding countries globally; therefore, this can be considered as a key driver for regional growth. On account of economic expansion and rise in demand, Latin America is also likely to witness high levels of shipment activity over coming years thereby leading towards healthy development prospects in the container shipping industry.
Growth Factors
The global container shipping market has been growing in the last five years and is expected to continue this trend. Factors fueling the growth of the container shipping industry include increasing demand for international trade, which leads to a high need for efficient, cost-effective logistics services across borders; increased globalization and diversification of merchandise supply chains, resulting in fragmented production processes that require reliable transport service providers.
In addition, the total number of containers shipped worldwide doubled from 2008 to 2015 as a result of an increase in the transportation volume by 20% over the same period. Globalization plays a major role here because more companies are outsourcing manufacturing abroad where labor costs are lower which means they can produce goods at cheaper rates thus lowering the prices of their products.
Furthermore, the global container shipping market is additionally driven by increased investment in offshore rigs for oil and natural gas exploration, which produces high-volume cargo containers that need to be transported on a regular basis. One example would be the construction industry where more housing units are being built every day which means there will also have an increase in demand for materials such as building supplies.
Up Market Research published a new report titled “Container Shipping Market research report which is segmented by Types (20 Foot (6.09 M), 40 Foot (12.18 M), 45 Foot (13.7 M), 48 Foot (14.6 M), 53 Foot (16.15 M)), By Applications (Industrial, Agricultural, Automotive, Others), By Players/Companies China Shipping Container Lines, HANJIN, China Ocean Shipping, HAPAG-LLOYD, Mediterranean Shipping, MAERSK”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Container Shipping Market Research Report |
By Type | 20 Foot (6.09 M), 40 Foot (12.18 M), 45 Foot (13.7 M), 48 Foot (14.6 M), 53 Foot (16.15 M) |
By Application | Industrial, Agricultural, Automotive, Others |
By Companies | China Shipping Container Lines, HANJIN, China Ocean Shipping, HAPAG-LLOYD, Mediterranean Shipping, MAERSK |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 235 |
Number of Tables & Figures | 165 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Container Shipping Market Report Segments:
The market is segmented by Type 20 Foot (6.09 M), 40 Foot (12.18 M), 45 Foot (13.7 M), 48 Foot (14.6 M), 53 Foot (16.15 M) and By Application Industrial, Agricultural, Automotive, Others.
Some of the companies that are profiled in this report are:
- China Shipping Container Lines
- HANJIN
- China Ocean Shipping
- HAPAG-LLOYD
- Mediterranean Shipping
- MAERSK
Container Shipping Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Container Shipping Market
Overview of the regional outlook of the Container Shipping Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Container Shipping Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Container Shipping Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. 20 Foot (6.09 M)
2. 40 Foot (12.18 M)
3. 45 Foot (13.7 M)
4. 48 Foot (14.6 M)
5. 53 Foot (16.15 M)
7. By Application:1. Industrial
2. Agricultural
3. Automotive
4. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Container Shipping Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Container Shipping Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Container Shipping Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Container Shipping Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Container Shipping Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Container Shipping Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Container Shipping Market Size & Forecast, 2018-2028
4.5.1 Container Shipping Market Size and Y-o-Y Growth
4.5.2 Container Shipping Market Absolute $ Opportunity
Chapter 5 Global Container Shipping Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Container Shipping Market Size Forecast by Type
5.2.1 20 Foot (6.09 M)
5.2.2 40 Foot (12.18 M)
5.2.3 45 Foot (13.7 M)
5.2.4 48 Foot (14.6 M)
5.2.5 53 Foot (16.15 M)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Container Shipping Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Container Shipping Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Agricultural
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Container Shipping Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Container Shipping Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Container Shipping Analysis and Forecast
9.1 Introduction
9.2 North America Container Shipping Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Container Shipping Market Size Forecast by Type
9.6.1 20 Foot (6.09 M)
9.6.2 40 Foot (12.18 M)
9.6.3 45 Foot (13.7 M)
9.6.4 48 Foot (14.6 M)
9.6.5 53 Foot (16.15 M)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Container Shipping Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Agricultural
9.10.3 Automotive
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Container Shipping Analysis and Forecast
10.1 Introduction
10.2 Europe Container Shipping Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Container Shipping Market Size Forecast by Type
10.6.1 20 Foot (6.09 M)
10.6.2 40 Foot (12.18 M)
10.6.3 45 Foot (13.7 M)
10.6.4 48 Foot (14.6 M)
10.6.5 53 Foot (16.15 M)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Container Shipping Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Agricultural
10.10.3 Automotive
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Container Shipping Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Container Shipping Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Container Shipping Market Size Forecast by Type
11.6.1 20 Foot (6.09 M)
11.6.2 40 Foot (12.18 M)
11.6.3 45 Foot (13.7 M)
11.6.4 48 Foot (14.6 M)
11.6.5 53 Foot (16.15 M)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Container Shipping Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Agricultural
11.10.3 Automotive
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Container Shipping Analysis and Forecast
12.1 Introduction
12.2 Latin America Container Shipping Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Container Shipping Market Size Forecast by Type
12.6.1 20 Foot (6.09 M)
12.6.2 40 Foot (12.18 M)
12.6.3 45 Foot (13.7 M)
12.6.4 48 Foot (14.6 M)
12.6.5 53 Foot (16.15 M)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Container Shipping Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Agricultural
12.10.3 Automotive
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Container Shipping Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Container Shipping Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Container Shipping Market Size Forecast by Type
13.6.1 20 Foot (6.09 M)
13.6.2 40 Foot (12.18 M)
13.6.3 45 Foot (13.7 M)
13.6.4 48 Foot (14.6 M)
13.6.5 53 Foot (16.15 M)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Container Shipping Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Agricultural
13.10.3 Automotive
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Container Shipping Market: Competitive Dashboard
14.2 Global Container Shipping Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 China Shipping Container Lines
14.3.2 HANJIN
14.3.3 China Ocean Shipping
14.3.4 HAPAG-LLOYD
14.3.5 Mediterranean Shipping
14.3.6 MAERSK