Middle East & Africa Shipping Container Market, 2020-2028
Middle East Africa Shipping Container Market, 2017-2028 (US$M)
Global Market
Related Markets
MEA shipping container market highlights
- The MEA shipping container market generated a revenue of USD 130.6 million in 2020.
- The market is expected to grow at a CAGR of 10.7% from 2021 to 2028.
- In terms of segment, iso containers was the largest revenue generating product in 2020.
- ISO Containers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2021 to 2028.
MEA data book summary
| Market revenue in 2020 | USD 130.6 million |
| Market revenue in 2028 | USD 295.5 million |
| Growth rate | 10.7% (CAGR from 2020 to 2028) |
| Largest segment | Iso containers |
| Fastest growing segment | ISO Containers |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | ISO Containers, Non-standard Containers |
| Key market players worldwide | A. P. Moller Maersk A/S Class A, China International Marine Containers (Group) Co Ltd Class H, Singamas Container Holdings Ltd, Sea Ltd ADR |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.0% of the global shipping container market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,935.7 million by 2028.
The shipping container market in the Middle East & Africa is mainly dominated by GCC countries including Saudi Arabia, the U.A.E., Kuwait, Oman, and Qatar among others. Saudi Arabia, Iraq, the U.A.E., Iran, and Kuwait are among the top 10 leading exporters around the globe. Share of revenue from hydrocarbons in these countries is very large compared to non-hydrocarbon revenues and thus have a key role in demand of shipping containers.
The shipping container demand is largely influenced by exports of petroleum products in these countries. For instance, Saudi Arabia has around 17% of world’s petroleum reserves and over 50% of GDP is dominated by the oil & gas industry. Also, exports of oil & gas products provide around 70% of revenue to the country.
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Publish Date: Dec 16, 2024
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Shipping Container Market Report
Shipping Container Market Report Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sea Ltd ADR | View profile | 62,700 | 1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, Singapore, 138522 | www.sea.com |
| A. P. Moller Maersk A/S Class A | View profile | 100,000 | Esplanaden 50, Copenhagen, Denmark, 1263 | www.maersk.com |
| China International Marine Containers (Group) Co Ltd Class H | View profile | 50,632 | CIMC R&D Centre, 2 Gangwan Avenue, 8th Floor, Shekou, Nanshan Distritct, Guangdong, Shenzhen, China, People's Republic of, 518067 | www.cimc.com |
| Singamas Container Holdings Ltd | View profile | 3,089 | 75-83 King’s Road, 19th Floor, SUP Tower, Hong Kong, Hong Kong | www.singamas.com |
Middle East & Africa shipping container market report
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Shipping Container Market will help companies and investors design strategic landscapes.
Iso Containers was the largest segment with a revenue share of 97.47% in 2020.
Horizon Databook has segmented the Middle East & Africa shipping container market based on iso containers, non-standard containers covering the revenue growth of each sub-segment from 2017 to 2028.
The shipping container market in the Middle East & Africa is mainly dominated by GCC countries including Saudi Arabia, the U.A.E., Kuwait, Oman, and Qatar among others. Saudi Arabia, Iraq, the U.A.E., Iran, and Kuwait are among the top 10 leading exporters around the globe. Share of revenue from hydrocarbons in these countries is very large compared to non-hydrocarbon revenues and thus have a key role in demand of shipping containers.
The shipping container demand is largely influenced by exports of petroleum products in these countries. For instance, Saudi Arabia has around 17% of world’s petroleum reserves and over 50% of GDP is dominated by the oil & gas industry. Also, exports of oil & gas products provide around 70% of revenue to the country.
- Middle East & Africa Shipping Container Market Product Outlook (Revenue, USD Million , 2017-2028)
- ISO Containers
- Non-standard Containers
- Middle East & Africa Shipping Container Market Type Outlook (Revenue, USD Million , 2017-2028)
- Dry containers
- Reefer containers
- Tank containers
- Others
- Middle East & Africa Shipping Container Market Size Outlook (Revenue, USD Million , 2017-2028)
- 20' Containers
- 40' Containers
- High Cube Containers
- Others
- Middle East & Africa Shipping Container Market Flooring Outlook (Revenue, USD Million , 2017-2028)
- Wood
- Bamboo
- Metal
- Vinyl
- Others
- Middle East & Africa Shipping Container Market Application Outlook (Revenue, USD Million , 2017-2028)
- Consumer goods transport
- Industrial transport
- Food Transport
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa shipping container market report, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa shipping container market report from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Middle East Africa Shipping Container Market, 2017-2028 (US$M)
MEA shipping container market report statistics, by product, 2017-2028 (US$M)
