London, AZ -- (SBWIRE) -- 01/21/2020 -- Global Shipping Container Market is valued at USD 6742.2 Million in 2018 and expected to reach USD 11406.0 Million by 2025 with a CAGR of 7.8 % over the forecast period. Increasing sea-borne trade is the key driving factor for the Global Shipping Container Market.

Shipping Container Market Key Players include China International Marine Containers (Group) Ltd., TLS Offshore Containers International, CXIC GROUP, A.P. MOLLER - MAERSK GROUP, Singamas Container Holdings Limited, Dong Fang International Asset Management Ltd., W&K Containers, Inc., YMC Container Solutions, Others

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Scope of Shipping Container Market Report:

Shipping container is a system of intermodal freight transport using intermodal containers and also called containerization and ISO containers. The shipping containers have standardized dimensions and sizes. It can be loaded and unloaded, storage, transported proficiently over long distances, and transferred from one form of transport to other form of transport, like container ships, rail transport and trucks without being unloading goods at intermediate points. The handling of container is completely mechanized, that is all handling is done by using cranes and forklifts. Shipping containers originated quite a few centuries ago, but was not well developed after 2nd World War it is widely applied in all countries.

Shipping Container Market Segmentation -

By Size (Small Container (20 feet), Large Container (40 feet), High Cub Containers)

By Product (Dry storage, Flat rack, Refrigerated, Special purpose, Others)

Increasing Growth in Seaborne Trade is Major Factor Driving the Growth of Global Shipping Container Market.-Increasing use of containerized transport of goods by ship is highly cost effective as compared to the other transportation modes which foster the market growth. In addition, increasing number of container ships and capacity of ships is accelerating the demand of global shipping container market. Manufacturing of container ship has also increased due to demand of good transportation. However, increasing price of steel and fright rate may hamper the growth of shipping container market. Price rate of steel in India is goes from 31500/metric ton in October 2017 to 39200/metric ton in August 2018. Government tax reformation and increasing fuel price is affecting on fright rate. Moreover, the development of customized and special purpose container can provide huge opportunity for global shipping container market growth.

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