A recent report published by
Infinium Global Research on the container fleet market provides an in-depth analysis
of segments and sub-segments in the global as well as regional container fleet
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional container fleet market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global container fleet market.
According to the report, the global container fleet market is projected to grow
at a CAGR of 5.5% over the forecast period of 2019-2025.
Container fleet is generally
defined as the concept of containerization by the sea in an intermodal
transportation process. The rising use of ships reduces the cost of containers
or high capacity vessels as they can store a large number of containers. This,
along with the rapid rise in the use of management systems for the fleet is
expected to propel the growth of the container fleet market.
The global container fleet market
is primarily driven by rapid industrialization in the Asia Pacific region.
Moreover, the container fleet offers the most trusted methods and way of transport,
the rising demand for the container fleet corresponds directly to the rise in
the aforementioned industrial activities and is estimated to propel the container
fleet market in the near future. However, high capital investments, and an unstable global economy, and strict government regulations are expected to hinder the
demand for the global container fleet market. Nonetheless, the rising demand
for mining and agriculture goods products is exponentially surging in the developing region is anticipated to create a new opportunity for the global
container fleet market.
On the basis of region, the
global container fleet market is bifurcated into North America, Asia Pacific,
Europe, Latin America, and the Middle East and Africa. The Asia Pacific held
the largest revenue share for the global container fleet market in 2018 owing
to the region is showing a high growth rate, due to that this regional market
is estimated to remain on the top within the projected period. Apart from the
Asia Pacific, the Middle East, and Africa market are anticipated to exhibit
significant growth over the forecast period on an account of the expansion in
the chemicals, oil, and gas, industry in this region. The Asia Pacific is
followed by North America and Europe. North America accounted for the
second-largest revenue share for the container fleet market in 2018.
The report on the global container
fleet market covers segments such as type, and end user. On the basis of type,
the sub-markets include dry container, reefer container, and tank container. On
the basis of end user, the sub-markets include mining and minerals, retails,
automotive, food and agriculture, oil & gas and chemicals.
The report provides profiles of
the companies in the market such as Hapag Lloyd, Westfal-Larsen Shipping A/S,
China Ocean Shipping (Group) Company, Kawasaki Kisen Kaisha Ltd., Maersk Line,
Evergreen Marine Corporation (Taiwan) Ltd., Mitsui O.S.K. Lines, Ltd,
Mediterranean Shipping Corporation S.A., CMA CGM, and Hyundai Merchant Marine
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the container fleet market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.