The global shipping container market is projected to grow at a 4.6% CAGR from 2021 to 2026, driven by e-commerce and automation trends.
According to the latest report by IMARC Group, titled “Shipping Container Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global shipping container market reached a value of US$ 9.7 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.6% during 2021-2026.
A shipping container is a steel box used to transport heavy equipment and dry goods. It reduces the time and labor and machinery costs of cargo handling, which makes international trade easier. Nowadays, companies are focusing on automating container ports using computer software to reduce human intervention and enhance the assembly and safety of the merchandise.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Shipping Container Market Trends:
Governments of various countries are promoting international trade through favorable export and import policies. This represents one of the key factors influencing the demand for maritime freight transport and shipping containers. Moreover, the rising trend of online shopping for buying imported goods is catalyzing the demand for shipping containers to facilitate cross-border e-commerce activities. Consequently, market players are offering customized solutions to meet the transportation needs of e-commerce companies and ease the supply chain process. They are also developing efficient cargo ships equipped with advanced sensors and navigation systems, which is impelling the market growth.
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Global Shipping Container Market 2021-2026 Analysis and Segmentation:
Competitive Landscape with Key Player:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Breakup by Product:
Breakup by Container Size:
Breakup by Application:
Breakup by Region:
Key Highlights of the Report:
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The article discusses the growth and trends in the global shipping container market from 2021 to 2026.
E-commerce demand, automation in ports, and favorable trade policies are key growth drivers.
The market is expected to grow at a CAGR of 4.6% from 2021 to 2026.
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