Smart Container Market to 2027 by Components (Hardware, Software, Services); Technology (GPS, Cellular, Long Range Wide Area Network, Bluetooth Low Energy (BLE), Others); Industry Vertical (Food and Beverages, Pharmaceutical, Oil and Gas, Chemicals, Others) - Global Analysis and Forecasts
The global smart container market accounted for US$ 2.14 Bn in 2018 and is expected to grow at a CAGR of 20.8% over the forecast period 2019-2027, to account for US$ 11.29 Bn by 2027. With rising global trade and complexities in the supply ecosystem, the need for the advanced smart container is rising. Demand for connected, modular, and flexible would assist in enhancing the process efficiency and will facilitate shipment visibility and monitoring. With escalating city delivery volumes, the smaller containers and innovative packaging have the potential to standardize urban logistics. Improved materials, advancement in automation aid the development and commercialization of efficient & sustainable supply chains. The application of next-generation IoT solutions in packaging will transform visibility, traceability, and security. The e-commerce industry is growing in popularity. With such high internet penetration and growing demand for convenience, consumers are increasingly ordering groceries and other food products online. The above-mentioned factors are projected to render plenty of growth opportunities to the players of smart container market during the forecast period.
Globally, the smart container market is experiencing an intense growth with regards to continuous development in the box industry. In the US and Europe, consumer demand for healthy food products is increasing. Additionally, the shipping companies are witnessing a trend of movement towards containerized shipments of food than conventional break-bulk. Europe is considered as a chief market for imports of pharmaceuticals. For export of temperature-sensitive pharmaceuticals, North America is the leading continent, while SAM and APAC are the major importers. Europe held the largest share of the smart container market in 2018 and is expected to continue its dominance during the forecast period of 2019-2027. Asia pacific and North America held the second and third position in the global smart container market in 2018 with market shares of >25% and >20%, respectively.
The overall smart container market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the smart container market. It also provides the overview and forecast for the global smart container market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the smart container market.
Reasons to Buy:
The global smart container market accounted for US$ 2.14 Bn in 2018 and is expected to grow at a CAGR of 20.8% over the forecast period 2019-2027, to account for US$ 11.29 Bn by 2027. With rising global trade and complexities in the supply ecosystem, the need for the advanced smart container is rising. Demand for connected, modular, and flexible would assist in enhancing the process efficiency and will facilitate shipment visibility and monitoring. With escalating city delivery volumes, the smaller containers and innovative packaging have the potential to standardize urban logistics. Improved materials, advancement in automation aid the development and commercialization of efficient & sustainable supply chains. The application of next-generation IoT solutions in packaging will transform visibility, traceability, and security. The e-commerce industry is growing in popularity. With such high internet penetration and growing demand for convenience, consumers are increasingly ordering groceries and other food products online. The above-mentioned factors are projected to render plenty of growth opportunities to the players of smart container market during the forecast period.
Globally, the smart container market is experiencing an intense growth with regards to continuous development in the box industry. In the US and Europe, consumer demand for healthy food products is increasing. Additionally, the shipping companies are witnessing a trend of movement towards containerized shipments of food than conventional break-bulk. Europe is considered as a chief market for imports of pharmaceuticals. For export of temperature-sensitive pharmaceuticals, North America is the leading continent, while SAM and APAC are the major importers. Europe held the largest share of the smart container market in 2018 and is expected to continue its dominance during the forecast period of 2019-2027. Asia pacific and North America held the second and third position in the global smart container market in 2018 with market shares of >25% and >20%, respectively.
The overall smart container market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the smart container market. It also provides the overview and forecast for the global smart container market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the smart container market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global smart container market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global smart container market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Smart Container Market Landscape
5. Smart Container Market - Key Industry Dynamics
6. Smart Container Market - Global Market Analysis
7. Global Smart Container Market Analysis - By Component
8. Smart Container Market Analysis - Technology
9. Smart Container Market Analysis - By Industry Vertical
10. Global Smart Container Market - Geographic Analysis
11. Smart Container Market - Industry Landscape
12. Smart Container Market- Company Profiles
13. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ambrosus
- A.P. Møller – Mærsk A/S
- Globe Tracker, ApS
- Hapag-Lloyd AG
- Nexxoit AG
- Orbcomm Inc.
- Philips Connect Technologies
- Smart Containers Group AG
- Traxens
- Zillionsource Technologies
