A recent report published by Infinium Global Research on the logistic containers market provides in-depth analysis of segments and sub-segments in the global as well as regional logistic containers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional logistic containers 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 logistic containers market. According to the report, the global logistic containers market is projected to grow at a healthy CAGR over the forecast period of 2021-2027.
Containers are used for different purposes for transportation and storage. An important part of logistics. The containers are built keeping in mind their reusability. There are different types of containers such as dry storage containers, flat rock containers, Refrigerated ISO containers, ISO Tanks, Special purpose containers, and others. The use of containers in logistics depends upon the nature of cargo that is to be stored or that is to occupy the containers such as dry and liquid. In recent years the Refrigerated ISO containers are being increasingly used for logistic purposes regarding liquid cargo. This type of liquid cargo mainly includes liquid chemicals.
The transportation industry has been growing rapidly around the world. The increased demand for transportation from merchandise, electronics, food, pharmaceuticals, aerospace and defense is pushing the growth of the logistic containers market. The increase in the volume of transportation has increased the demand for containers. Thus, this factor is majorly driving the market. The rapid integration of economies around the world has disrupted the global supply chains. Thus, the logistics industry has seen remarkable growth. Therefore, eventually, the use of logistic containers has grown. Logistic containers form an important part of global supply chains. From transportation to storing of goods, containers are used everywhere for logistic purposes. The demand for specialized containers has been growing from different industry verticals. Specialized containers are configured for use depending upon the requirements of the operations. Thus, the manufacturing of specialized containers has increased significantly over recent years. The only restraint the market faces is the shortage of containers at the global level due to the Covid-19 pandemic. A large number of containers remained stranded around the world due to the imposition of national lockdowns and restrictions on international freight movement. New opportunities are expected to arise the global economy has shown strong economic growth. The growth in international trade will further boost the transportation and logistics industry.
Asia-Pacific is expected to dominate the market over the forecasted period. The manufacturing and use of logistic containers have been rampant in the Asia-Pacific region. Also, the strong growth of maritime trade has boosted the adoption of logistic containers. The region has the presence of major container manufactures such as CIMC (China International Marine Container Group Co., Ltd., Daikin Industries, and others. North America on the other hand is expected to be the fastest-growing region in the market.
The report on the global logistic containers market covers segments such as container type, use, and end user. On the basis of container type, the sub-markets include dry storage container, flat rack container, open side storage container, refrigerated ISO containers, ISO tanks, special purpose containers, insulated or thermal containers, and others. On the basis of use, the sub-markets include transportation, and storage. On the basis of end user, the sub-markets include shipping, automtoive, manufacturing, pharmaceuticals, and others.
The report provides profiles of the companies in the market such as Daikin Industries Ltd, CIMC (China International Marine Container Group Co., Ltd.), Maersk Container Industry, TLS Offshore Containers International Pvt Ltd, DCM Hyundai Limited (DHL), YMC Container Solutions, Singamas Container Holdings Ltd. , Hanjin Shipping America LLC, and Transworld Group.
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 logistic containers market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. 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.