How big is the shipping container market?

The global shipping container market size was estimated at USD 6.41 billion in 2020 and is expected to reach USD 11.33 billion in 2021.

What is the shipping container market growth?

The shipping container market is expected to grow at a compound annual growth rate of 12.0% from 2020 to 2028 to reach USD 15.83 billion by 2028.

Which product accounted for the largest shipping container market share?

ISO container was the dominant product segment in terms of revenue, occupying over 98.0% in 2020, and is expected to experience significant growth over the forecast period. The high preference for standard-sized shipping containers as they are used across the globe mainly contributed to the high adoption of ISO containers.

Who are the key players in the shipping container market?

Some of the key players in the shipping container market are Bertschi AG, BNH Gas Tanks, Bulkhaul Limited, Danteco Industries BV, NewPort Tank, A.P. Moller â€“ Maersk, China International Marine Containers (Group) Ltd., COSCO SHIPPING Development Co., Ltd., CXIC Group, and Singamas Container Holdings Limited.

What are the key factors driving the shipping container market?

The key factors that are driving the shipping container include the growing penetration of e-commerce coupled with favorable trade agreements among nations across the globe. Moreover, growing digitization in the shipping container space is also augmenting growth in the market.