Industry Background:
Containers are basically used to transport the objects from one place to another. In container shipping, the containers are of various standard sizes that is 20 foot (6.09 m), 40 foot (12.18 m), 45 foot (13.7 m), 48 foot (14.6 m), and 53 foot (16.15 m), they are used to load, transport, and unload the objects or goods. As a result, then, containers can be moved by ships, trains, and trucks. Containers are generally made up of steel, and aluminum. The type and size built of each container comply with the regulations and specifications formulated by the International Organization for Standardization (ISO). Currently, the rising number of manufacturing units and factories has driven the growth of the global container shipping market.This growth is primarily driven by Increasing Demand for Transportation Services and Growing Demand for Cost-Effective Shipping Solution.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Maersk (Denmark), CMA CGM (France), COSCO Container Lines (China), Evergreen Line (Taiwan), Mediterranean Shipping (Switzerland), APL (United States), China Shipping (China), Hamburg Sud (Germany), Hanjin Shipping (South Korea) and Hapag-Lloyd (Germany) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Growth of Intermodal Shipping Transportation. Major Manufacturers, such as Maersk (Denmark), CMA CGM (France), COSCO Container Lines (China), Evergreen Line (Taiwan), Mediterranean Shipping (Switzerland), APL (United States), China Shipping (China), Hamburg Sud (Germany), Hanjin Shipping (South Korea) and Hapag-Lloyd (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2018, CMA CGM to acquire Containerships, was an intra-European short sea specialist with a strong presence in the Baltic market, Russia, Northern Europe, North Africa and Turkey.
Regulatory Insights:
The Transportation Equipment Cleaning (TEC) Effluent Guidelines and Standards (40 CFR Part 442) were promulgated in 2000. The regulations cover the interior cleaning of tank containers on trucks, rail cars, barges and ships. There are about 2,400 facilities performing these cleaning operations and discharging directly to surface waters or indirectly through publicly owned treatment works (POTWs).
Market Drivers
- Increasing Demand for Transportation Services
- Growing Demand for Cost-Effective Shipping Solution
Market Trend
- Growth of Intermodal Shipping Transportation
Restraints
- High Initial Costs and On-Going Maintenance Expenses
Opportunities
Government Associations are also Boosting Growth of the Global Container Shipping Market
Challenges
Tariff or Tax Levied On the Goods and Difficult To Transport Under Slack (Partially Full) Conditions
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Container Shipping Study Sheds Light on
The Container Shipping Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Container Shipping industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Container Shipping industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.