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A shipping container is a container with strength suitable to withstand shipment, storage, and handling. Owing to the factors, such as growing sea-borne trade, and the increasing trend of containerization of goods, strong demand for shipping containers is anticipated during the forecast period. Furthermore, the availability of large coastal line and the presence of the majority of global shipping container manufacturers in Asia-Pacific is fueling the demand for shipping containers in the region. Moreover, increasing government initiatives, and expansion in untapped markets of Asia-Pacific such as India and Indonesia can unfold various opportunities for the growth of the market in the future.
In terms of size of containers, the APAC shipping container market is categorized into a small container (20 feet), a large container (40 feet), high cube container (40 feet) and others. Of all, high cube containers accounted for the majority of the APAC shipping container market for in 2018 and is anticipated to maintain its position during the forecast period as well. This is mainly attributed to the longer life, cost-effective maintenance, high efficiency, and versatility of these containers.
In Asia-Pacific shipping container market, China accounted for more than 40% share in 2018 and is expected to maintain its dominance during the forecast period as well. This is mainly due to the growing demand for commodities and a huge dependency on seaborne trade in the country.
The key players in the APAC shipping container market are TLS Offshore Containers International Pvt Ltd., China International Marine Containers (Group) Ltd (CIMC), Maersk Container Industry AS, W&K Containers Inc. among others.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
The objective of the Study:
- To analyze and forecast the market size of the APAC shipping container market
- To forecast the APAC shipping container market based on the size of the container, product type, goods transported, and regional distribution
- To identify drivers and challenges for the APAC shipping container market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the APAC shipping container market
- To conduct pricing analysis for the APAC shipping container market
- To identify and analyze the profile of leading players in the APAC shipping container market
Some of the leading players in the APAC shipping container market are TLS Offshore Containers International Pvt Ltd., China International Marine Containers (Group) Ltd (CIMC), Maersk Container Industry AS, W&K Containers Inc., Singamas Container Holdings Limited, Sea Box Inc., Florens Asset Management Company Limited, CXIC (CHANGZHOU XINHUACHANG INT'L CONTAINERS Co,. Ltd) Group Containers Company Limited, Guangdong Fuwa Engineering Group Co., Ltd etc.
The author performed both primary as well as exhaustive secondary research for this study. Initially, sourced a list of shipping container manufacturers across APAC. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, could include the suppliers which could not be identified due to the limitations of secondary research. The author analyzed the product offerings, distribution channels and the presence of all major shipping container manufacturers across APAC.
They calculated the APAC shipping container market size by using a bottom-up approach, wherein data for various end-user industries and its application across various product types were recorded and forecast for the future years. They sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used.
Key Target Audience:
- Shipping container manufacturers
- Shipping container suppliers, distributors and other stake holders
- Shipping container end-user industries
- Organizations, forums and alliances related to the shipping container market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as solution providers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, the APAC shipping container market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, By Size of Container
- Small Container (20 feet)
- Large Container (40 feet)
- High Cube Container (40 feet)
- Others
- 45 feet
- 48 feet
- 53 feet
Market, By Product Type
- Dry Container
- Tank Container
- Refrigerated Container
- Others
- Flat Rack Container
- Special Purpose Container
Market, By Goods Transported
- Food Products & Grains
- Chemicals & Petrochemicals
- Machinery, Equipment & Electronics
- Others
Market, By Country:
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Singapore
- Rest of APAC
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the APAC shipping container market.
Available Customizations:
With the given market data, the author offers customizations according to a company’s specific needs. Please cntact our Customer service team for more enquries
Table of Contents
1. Product Overview2. Research Methodology3. Executive Summary
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- China Eastern Containers
- China International Marine Containers (Group) Ltd (CIMC)
- CXIC (CHANGZHOU XINHUACHANG INT'L CONTAINERS Co. Ltd) Group Containers Company Limited
- Florens Asset Management Company Limited
- Guangdong Fuwa Engineering Group Co. Ltd
- Maersk Container Industry AS
- Sea Box Inc.
- Singamas Container Holdings Limited
- TLS Offshore Containers International Pvt Ltd.
- W&K Containers Inc.
