Home
Automotive & Logistics
Freight & Logistics
Container Shipping Market Size, Share & Trends Growth [2031]

Container Shipping Market

Name: Growth Market Reports
Address: 500 East E Street, Ontario, 91764, USA
Telephone: +1 909 414 1393

Segments - by Type (Refrigerated Container, Flat Rack Container, Dry Storage Container, Special Purpose Container, and Others), Size (High Cube Container, Large Cube Container, and Small Container), End-user (Consumer Goods, Food & Beverages, Industrial Products, Healthcare, Vehicle Transport, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

AL-5305
4.1 Rating
191 Pages

Upcoming
81 Reviews

Author :

Akash Vedpathak

Fact-checked by :

Amulya Agarwal

Editor :

Shreyas Tandon

Report Description

The global container shipping market size was USD 8.3 Bn in 2022 and is likely to reach USD 12.6 Bn by 2031, expanding at a CAGR of 4.7% during 2023–2031. The market growth is attributed to the rising trade activities due to the liberalization of economies and the subsequent need for efficient and safe modes of transportation of goods and products.

Container shipping is the process of carrying containers over land or across the oceans. Containers are standardized large storage vessels or steel boxes designed to store and carry goods and products safely via ships, trains, and trucks. According to United Nations Conference on Trade and Development, it is estimated that almost 80% of global goods are transported across the oceans as of 2022. When the commodities are transported by sea routes, they transit through harsh conditions such as varying temperatures, rains, and wind.

The containers are designed to protect the commodities from harsh sea or land conditions. Insulated shipping containers and intermodal containers are made from high-quality steel or aluminum with enhanced durability, strength, and weather resistance.

The shipping industry follows standard dimension specifications for shipping containers to facilitate intermodal transportation through various modes such as ships, trains, and trucks. International standardization minimizes redundancy of loading and unloading activities at the ports or at the logistics parks as the containers are stacked strategically at the warehouses. The shipping containers are typically 8 feet 6 inches tall, 8 feet wide, and 20 or 40 feet long with a weight of around 6000 to 7500 pounds.

The market report finds that COVID-19 pandemic negatively impacted the container shipping market. The shipping industry suffered major setbacks due to the pandemic crisis. The economic slowdown and subsequent reduction in international trade activities have hampered shipping activities. Moreover, shipping companies stopped buying of new vessels due to the slowdown in the ship building industry.

Container Shipping Market Dynamics

Major Drivers

Rising awareness about cost-efficiency through sea transportation and liberalization of economies is expected to drive the market. Manufacturers and transporters prefer maritime transportation for large qualities of commodities as it is a cost-efficient proportion. Air freight is five times costlier than sea freight. Fright operators prefer transportation through sea routes as it saves cost and fuel. A cargo ship can carry around 18, 000 containers at a time which is a profitable proportion for the transporters.

Existing Restraints

Significant drop-downs in shipping rates, elevated global inventory levels, and reduction in freight volume are likely to hinder the market. The shipping companies are offering competitive prices to the exporters to stay afloat in the competition.

According to Bloomberg Intelligence, global sea freight rates dropped by about 16%, and container volume reduced by 5% in February 2023 signifying a substantial reduction in revenues of shipping companies. The major trade route between Asia to North America witnessed a 31% drop in shipping activities.

Emerging Opportunities

The rising adoption of digital technologies in shipping operations and warehouse management is likely to create significant opportunities for the market. The technologies such as the Internet of Things (IoT), Fleet Management Software, and Radio Frequency Identification (RFID) are enabling logistics operators to improve operational decisions to provide value-based services to their consumers. Containerization in freight transport management systems with the help of digital technologies enhances the process outcomes significantly.

Scope of Container Shipping Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Container Shipping Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Type (Refrigerated Container, Flat Rack Container, Dry Storage Container, Special Purpose Container, and Others), Size (High Cube Container, Large Cube Container, and Small Container), and End-user (Consumer Goods, Food & Beverages, Industrial Products, Healthcare, Vehicle Transport, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report	COSCO SHIPPING Development Co., Ltd.; A.P. Moller – Maersk; China International Marine Containers (Group) Co., Ltd.; Caru Containers; OEG; TLS Offshore Containers; Singamas Container Holdings Limited; THURSTON GROUP; and W&K Containers, Inc.

Container Shipping Market Segment Insights

Type Segment Analysis

Based on type, the container shipping market is segmented into refrigerated container, flat rack container, dry storage container, special purpose container, and others. The dry storage container segment is expected to expand at a significant growth rate during the projection period owing to wide applications, low cost, and easy availability of dry containers for shipping purposes.

The commodities such as dry food, electronics items, and machinery constitute a large share of the international trade. Dry containers protect commodities inside the container from external influences such as temperature, humidity, and wind as it is made up of an airtight structure.

Size Segment Analysis

On the basis of size, the global market is segregated into high cube container, large cube container, and small container. The large cube container segment is projected to register a considerable CAGR during the forecast period due to the durability and enhanced space offered by large cube containers. The large cube containers are globally adopted by fleet management companies and thus provide high throughput during transportation and warehouse management operations.

End-user Segment Analysis

Based on end-user, the container shipping market is segregated into consumer goods, food & beverages, industrial products, healthcare, vehicle transport, and others. The industrial products segment is expected to register a robust growth rate during the forecast period owing to the increasing adoption of shipping containers in the supply chain operations of machinery, metals, minerals, and chemicals. The liberalization of economies has increased global industrialization and international trade activities. This factor works as a catalyst for the growth of the industrial products segment.

Regional Analysis

In terms of region, the global container shipping market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period due to the large volume of exports and rising industrialization in the region due to supportive government policies.

The emerging economies in the Asia Pacific such as India and China, are developing due to favorable government policies, skilled workforce, and availability of raw materials. The export-import activities are likely to fuel the commodities shipping activities in the region.

Segments

The container shipping market has been segmented on the basis of

Type

Refrigerated Container
Flat Rack Container
Dry Storage Container
Special Purpose Container
Others

Size

High Cube Container
Large Cube Container
Small Container

End-user

Consumer Goods
Food & Beverages
Industrial Products
Healthcare
Vehicle Transport
Others

Region

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

COSCO SHIPPING Development Co., Ltd.
A.P. Moller – Maersk
China International Marine Containers (Group) Co., Ltd.
Caru Containers
OEG
TLS Offshore Containers
Singamas Container Holdings Limited
THURSTON GROUP
W&K Containers, Inc.

Competitive Landscape

Key players competing in the global container shipping market are COSCO SHIPPING Development Co., Ltd.; A.P. Moller – Maersk; China International Marine Containers (Group) Co., Ltd.; Caru Containers; OEG; TLS Offshore Containers; Singamas Container Holdings Limited; THURSTON GROUP; and W&K Containers, Inc.

These prominent companies in the market adopted development strategies including technological solution integration in the logistics value chain, acquisitions, partnerships, product diversification, innovative product launches to scale up the supply chain operations, and production growth to expand their consumer base worldwide. For instance,

In April 2023, Shijiazhuang Enric Gas Equipment Co., Ltd. announced the delivery of the first phosphorane and hydrogen mixed gas tubular container in China. This container is dedicated to the safe transportation of hydrogen and phosphorane gas mixture and is expected to mark a new breakthrough in the electronic gas storage and transportation sector.

Container Shipping Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Container Shipping Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Container Shipping Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Container Shipping Market - Supply Chain
  4.5. Global Container Shipping Market Forecast
     4.5.1. Container Shipping Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Container Shipping Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Container Shipping Market Absolute $ Opportunity
5. Global Container Shipping Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Container Shipping Market Size and Volume Forecast by Types
     5.3.1. Refrigerated Container
     5.3.2. Flat Rack Container
     5.3.3. Dry Storage Container
     5.3.4. Special Purpose Container
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Container Shipping Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Container Shipping Market Size and Volume Forecast by End Users
     6.3.1. Consumer Goods
     6.3.2. Food & Beverages
     6.3.3. Industrial Products
     6.3.4. Healthcare
     6.3.5. Vehicle Transport
     6.3.6. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Container Shipping Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Container Shipping Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Container Shipping Demand Share Forecast, 2019-2026
8. North America Container Shipping Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Container Shipping Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Container Shipping Market Size and Volume Forecast by Types
     8.4.1. Refrigerated Container
     8.4.2. Flat Rack Container
     8.4.3. Dry Storage Container
     8.4.4. Special Purpose Container
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Container Shipping Market Size and Volume Forecast by End Users
     8.7.1. Consumer Goods
     8.7.2. Food & Beverages
     8.7.3. Industrial Products
     8.7.4. Healthcare
     8.7.5. Vehicle Transport
     8.7.6. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Container Shipping Demand Share Forecast, 2019-2026
9. Latin America Container Shipping Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Container Shipping Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Container Shipping Market Size and Volume Forecast by Types
     9.4.1. Refrigerated Container
     9.4.2. Flat Rack Container
     9.4.3. Dry Storage Container
     9.4.4. Special Purpose Container
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Container Shipping Market Size and Volume Forecast by End Users
     9.7.1. Consumer Goods
     9.7.2. Food & Beverages
     9.7.3. Industrial Products
     9.7.4. Healthcare
     9.7.5. Vehicle Transport
     9.7.6. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Container Shipping Demand Share Forecast, 2019-2026
10. Europe Container Shipping Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Container Shipping Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
  10.4. Europe Container Shipping Market Size and Volume Forecast by Types
     10.4.1. Refrigerated Container
     10.4.2. Flat Rack Container
     10.4.3. Dry Storage Container
     10.4.4. Special Purpose Container
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Container Shipping Market Size and Volume Forecast by End Users
     10.7.1. Consumer Goods
     10.7.2. Food & Beverages
     10.7.3. Industrial Products
     10.7.4. Healthcare
     10.7.5. Vehicle Transport
     10.7.6. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Container Shipping Demand Share Forecast, 2019-2026
11. Asia Pacific Container Shipping Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Container Shipping Market Size and Volume 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. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Container Shipping Market Size and Volume Forecast by Types
     11.4.1. Refrigerated Container
     11.4.2. Flat Rack Container
     11.4.3. Dry Storage Container
     11.4.4. Special Purpose Container
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Container Shipping Market Size and Volume Forecast by End Users
     11.7.1. Consumer Goods
     11.7.2. Food & Beverages
     11.7.3. Industrial Products
     11.7.4. Healthcare
     11.7.5. Vehicle Transport
     11.7.6. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Container Shipping Demand Share Forecast, 2019-2026
12. Middle East & Africa Container Shipping Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Container Shipping Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Container Shipping Market Size and Volume Forecast by Types
     12.4.1. Refrigerated Container
     12.4.2. Flat Rack Container
     12.4.3. Dry Storage Container
     12.4.4. Special Purpose Container
     12.4.5. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Container Shipping Market Size and Volume Forecast by End Users
     12.7.1. Consumer Goods
     12.7.2. Food & Beverages
     12.7.3. Industrial Products
     12.7.4. Healthcare
     12.7.5. Vehicle Transport
     12.7.6. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Container Shipping Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Container Shipping Market: Market Share Analysis
  13.2. Container Shipping Distributors and Customers
  13.3. Container Shipping Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. COSCO SHIPPING Development Co., Ltd.
     13.4.2. A.P. Moller – Maersk
     13.4.3. China International Marine Containers (Group) Co., Ltd.
     13.4.4. Caru Containers
     13.4.5. OEG
     13.4.6. TLS Offshore Containers
     13.4.7. Singamas Container Holdings Limited
     13.4.8. THURSTON GROUP
     13.4.9. W&K Containers, Inc.

Methodology

Purchase Premium Report

Buy Now

Request For Sample

Request For Customization

Enquiry Before Buying

Speak With Analyst

Customize This Report

Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization

Our Clients

Client Testinomials

We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you.
Strategy Head of Major Tech Company

We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality.
Major Player in Defense Industry

Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions.
CMO of Leading Packaging Company from USA

I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data.
Founder and Managing Partner of Major Korean Company

Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports.
Global Consulting Firm

Quick Contact

+1 909 414 1393

sales@growthmarketreports.com

Growth Market Report

Certified By