container terminal?Wharf, transport
The Shipping Containers Global Market Report 2023 by The Business Research Company, provides shipping containers market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Shipping Containers Global Market Report 2023, the market size is expected to grow from $10.24 billion in 2022 to $11.18 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global shipping containers is expected to grow to $15.88 billion in 2027 at a CAGR of 9.2%.
An increase in demand for cargo transportation through ships contributed to the growth of the shipping container market. The demand for the transportation of cargo through waterways is growing owing to factors such as cost-efficiency and a more secure way of moving goods as compared to other means of transportation.
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The shipping containers market is segmented:
1) By Product Type: Dry Storage Container, Flat Rack Container, Refrigerated Container, Special-Purpose Container, Open Top Container, Double Door Container, Other Product Types
2) By Container Size: Small Container, Large Container, High Cube Container
3) By End Use: Food And Beverages, Consumer Goods, Healthcare, Industrial Products, Vehicle Transport, Other End-Uses
In April 2021, Arcus Infrastructure Partners, LLP, a UK-based company, acquired Gem Containers Limited for an undisclosed amount. With this acquisition, Arcus broadens its container product portfolio, expands its customer base, and expands its product reach into Europe. Gem Containers Limited is a UK-based metal company pioneering in the manufacturing and distribution of tank containers
The shipping containers market report table of contents includes:
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Top Major Players
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