North America Shipping Container Market Size & Outlook
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North America shipping container market highlights
- The North America shipping container market generated a revenue of USD 628.1 million in 2020.
- The market is expected to grow at a CAGR of 11.7% 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, U.S. is expected to register the highest CAGR from 2021 to 2028.
North America data book summary
| Market revenue in 2020 | USD 628.1 million |
| Market revenue in 2028 | USD 1,524.7 million |
| Growth rate | 11.7% (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, North America region accounted for 9.8% 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.
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Shipping Container Market Scope
Shipping Container Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Singamas Container Holdings Ltd | View profile | 3089 | 75-83 King’s Road, 19th Floor, SUP Tower, Hong Kong, Hong Kong | https://www.singamas.com |
| China International Marine Containers (Group) Co Ltd Class H | View profile | 50632 | CIMC R&D Centre, 2 Gangwan Avenue, 8th Floor, Shekou, Nanshan Distritct, Guangdong, Shenzhen, China, People's Republic of, 518067 | https://www.cimc.com |
| A. P. Moller Maersk A/S Class A | View profile | 100000 | Esplanaden 50, Copenhagen, Denmark, 1263 | https://www.maersk.com |
| Sea Ltd ADR | View profile | 62700 | 1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, Singapore, 138522 | https://www.sea.com |
North America shipping container market outlook
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 96.37% in 2020. Horizon Databook has segmented the North America shipping container market based on iso containers, non-standard containers covering the revenue growth of each sub-segment from 2017 to 2028.
North America accounted for 8.9%— the largest share in the shipping container market in 2020. One of the factors expected to benefit this market is the emergence of trade lanes between North America and Latin America, Asia, and the Indian subcontinent. This is likely to create numerous trade opportunities for ports such as Wilmington, Philadelphia, Boston, Miami, and Jacksonville in the U.S.
The demand for shipping containers in the region is driven by export volumes. However, the exports declined in the U.S. in 2020 by around 13% compared to 2019, creating a negative impact on the shipping container demand. In 2020, key exports of the country included petroleum oil, integrated circuits, petroleum gases, cars, and crude oil, accounting for a share of around 16.4% in overall exports.
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Our clientele includes a mix of shipping container market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America shipping container market, including forecasts for subscribers. This continent databook contains high-level insights into North America shipping container market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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North America shipping container market report size, by country, 2017-2028 (US$M)
North America Shipping Container Market Share, 2020 & 2028 (US$M)
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