The APAC shipping container market was valued at more than $ 4.6 billion in 2019 and is projected to grow at a CAGR of 4.6% in 2026. A shipping container is a container with strength suitable to withstand shipment, storage, and handling. Owing to the factors, such as growing sea-borne trade, and the increasing trend of containerization of goods, a strong demand for shipping containers is anticipated during the forecast period. Furthermore, the availability of large coastal lines and the presence of a majority of global shipping container manufacturers in Asia-Pacific is fueling the demand for shipping containers in the region. Moreover, increasing government initiatives and expansion in untapped markets of Asia-Pacific such as India and Indonesia can unfold various opportunities for the growth of the market in the future.
In terms of the size of containers, the APAC shipping container market is categorized into small containers (20 feet), large containers (40 feet), high cube containers (40 feet), and others. Of all, high cube containers accounted for the majority of the APAC shipping container market for 2020 and are anticipated to maintain their position during the forecast period as well. This is mainly attributed to the longer life, cost-effective maintenance, high efficiency, and versatility of these containers.
In the Asia-Pacific shipping container market, China accounted for more than 40% share in 2020 and is expected to maintain its dominance during the forecast period as well. This is mainly due to the growing demand for commodities and huge dependency on seaborne trade in the country.
The key players in the APAC shipping container market are TLS Offshore Containers International Pvt Ltd., China International Marine Containers (Group) Ltd (CIMC), Maersk Container Industry AS, W&K Containers Inc., Singamas Container Holdings Limited, Sea Box Inc., Florens Asset Management Company Limited, CXIC (CHANGZHOU XINHUACHANG INT’L CONTAINERS Co, Ltd) Group Containers Company Limited, Guangdong Fuwa Engineering Group Co., Ltd etc. among others.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022–2026
The objective of the Study:
- To analyze and forecast the market size of the APAC shipping container market
- To forecast the APAC shipping container market based on the size of the container, product type, goods transported, and regional distribution
- To identify drivers and challenges for the APAC shipping container market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc. in the APAC shipping container market
- To conduct pricing analysis for the APAC shipping container market
- To identify and analyze the profile of leading players in the APAC shipping container market
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of shipping container manufacturers across APAC. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels, and presence of all major shipping container manufacturers across APAC.
TechSci Research calculated the APAC shipping container market size using a bottom-up approach, wherein data for various end-user industries and their application across various product types were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.
Key Target Audience:
- Shipping container manufacturers
- Shipping container suppliers, distributors, and other stakeholders
- Shipping container end-user industries
- Organizations, forums, and alliances related to the shipping container market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as solution providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, the APAC shipping container market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Market, By Size of Container
- Small Container (20 feet)
- Large Container (40 feet)
- High Cube Container (40 feet)
- Others
- 45 feet
- 48 feet
- 53 feet
- Market, By Product Type
- Dry Container
- Tank Container
- Refrigerated Container
- Others
- Flat Rack Container
- Special Purpose Container
- Market, By Goods Transported
- Food Products & Grains
- Chemicals & Petrochemicals
- Machinery, Equipment & Electronics
- Others
- Market, By Country:
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Singapore
- Rest of APAC
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in APAC shipping container market.
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Table of Content
- Product Overview
- Research Methodology
- Executive Summary
- Impact of COVID-19 on APAC Shipping Container Market
- Voice of Customer
5.1. Factors considered while selecting a supplier
5.2. Product awareness and applicability & usage analysis
5.3. Challenges/issues faced post-purchase
5.4. Unmet needs
- APAC Shipping Container Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Size of Container (Small Container (20 feet); Large Container (40 feet); High Cube Container (40 feet); Others (45 feet, 48 feet, 53 feet))
6.2.2. By Product Type (Dry Container; Tank Container; Refrigerated Container; Others (Flat Rack Container, Special Purpose Container)
6.2.3. By Goods Transported (Food Products & Grains; Chemicals & Petrochemicals; Machinery, Equipment, & Electronics; Others)
6.2.4. By Country (China; India; Japan; Indonesia; Singapore; Malaysia; South Korea)
6.2.5. By Company (2020)
6.3. Market Attractive Index (By Size of Container; By Product Type; By Goods Transported; By Country)
- China Shipping Container Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Size of Container
7.2.2. By Product Type
7.2.3. By Goods Transported
- Singapore Shipping Container Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share & Forecast
8.2.1. By Size of Container
8.2.2. By Product Type
8.2.3. By Goods Transported
- South Korea Shipping Container Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share & Forecast
9.2.1. By Size of Container
9.2.2. By Product Type
9.2.3. By Goods Transported
- Malaysia Shipping Container Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.1.2. By Volume
10.2. Market Share & Forecast
10.2.1. By Size of Container
10.2.2. By Product Type
10.2.3. By Goods Transported
- Japan Shipping Container Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.1.2. By Volume
11.2. Market Share & Forecast
11.2.1. By Size of Container
11.2.2. By Product Type
11.2.3. By Goods Transported
- Indonesia Shipping Container Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value
12.1.2. By Volume
12.2. Market Share & Forecast
12.2.1. By Size of Container
12.2.2. By Product Type
12.2.3. By Goods Transported
- India Shipping Container Market Outlook
13.1. Market Size & Forecast
13.1.1. By Value
13.1.2. By Volume
13.2. Market Share & Forecast
13.2.1. By Size of Container
13.2.2. By Product Type
13.2.3. By Goods Transported
- Market Dynamics
14.1. Drivers
14.2. Challenges
- Market Trends & Developments
- Competitive Landscape
16.1. Competition Outlook
16.2. Company Profiles
14.3.1 Basic Details
14.3.2 Financials (As reported)
14.3.3 Planned Investments
14.3.4 Key Market Focus and Geographical Presence
16.3. APAC Players Profiled (10 Leading Companies)
16.3.1. TLS Offshore Containers International Pvt Ltd.
16.3.2. China International Marine Containers (Group) Ltd (CIMC)
16.3.3. Maersk Container Industry AS
16.3.4. W&K Containers Inc.
16.3.5. Singamas Container Holdings Limited
16.3.6. Sea Box Inc.
16.3.7. Florens Asset Management Company Limited
16.3.8. CXIC (CHANGZHOU XINHUACHANG INT’L CONTAINERS Co,. Ltd) Group Containers Company Limited
16.3.9. China Eastern Containers
16.3.10. Guangdong Fuwa Engineering Group Co., Ltd
- Strategic Recommendations
- About Us & Disclaimer