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Container Fleet Market By Type ( Dry Container Fleet, Reefer Container Fleet, Tank Container Fleet ) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

This report on the global container fleet market investigates various fleet types and geographic regions. Fleet management systems, which integrate hardware, software, and communication technologies, have improved the operations of the container fleet market. These systems mainly act as a platform for fleet operators to aid in efficient tracking, control, and monitoring of fleets and other vehicles used for commercial purposes, which improves overall operational efficiency by reducing costs and efforts.

The major growth driver for the container fleet market is significant growth in intermodal freight transportation, which requires standard containers as they provide high efficiency in terms of a container carrying capacity per voyage. Intermodal transportation is cost-efficient, easy to track, offers door-to-door delivery, ensures the safety of the cargo, has a shorter delivery time, and has the ability to use different routes.

For the purpose of this study, the various types of container fleets considered are the dry container fleet, the reefer container fleet, and the tank container fleet. Market size estimates and forecasts for these segments for the period 2015–2025 are provided in terms of USD million, along with the respective CAGRs for the period 2017–2025, considering 2016 as the base year.

The geographic segmentation of the global container fleet market includes regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The regions are also further sub-segmented on the basis of major countries. Market size estimates and forecasts for these segments for the period 2015–2025 are provided in terms of USD million, along with the respective CAGRs for the period 2017–2025, considering 2016 as the base year.

The key players covered in the container fleet market are Maersk, China COSCO Shipping, M.S.C., and CMA CGM, Hanjin Shipping, Kawasaki Kisen Kaisha, Ltd. (K Line), Evergreen Marine Corporation, Hyundai Merchant Marine (HMM), Hapag-Lloyd, Mitsui O.S.K., N.Y.K. Line, Yang Ming Marine Transport Corporation (Yang Ming), Orient Overseas Container Line, and Z.I.M. Integrated Shipping Services (Z.I.M.), among others.

Based on the type of container fleet, the container fleet market is segmented into:

  • dry container fleet
  • Reefer Container Fleet
  • Tank Container Fleet

In 2016, the dry container fleet accounted for the largest market share of, 68.6% of the global container fleet market. During the forecast period of 2017–2025, the reefer fleet is expected to grow at a significant rate of 3.2%. The reefer container fleet market is expected to expand as a result of the rising global meat and frozen food trade, rising demand for refrigerated trade, particularly in North and South East Asia, and rising demand for reefer containers for fruits and vegetable trade. According to a published study article, reefer shipping has outperformed dry cargo in the first half of 2016, and it was also observed that from January to June 2016, reefer cargo racked up 163,000 extra TEU in the same period last year, and chilled foods grew by 7% and frozen foods by 4% compared to last year.

For the purpose of this study, the global container fleet market is categorized into three segments:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Asia-Pacific was observed as the largest market in the container fleet industry due to factors such as increasing demand for intermodal transportation and a rising global need for reefer cargo shipping. According to market experts, developing countries are producing more with noticeable growth in industrialization and are expected to make their way to being exporting nations. Because Asia-Pacific has a greater number of developing countries in the majority of key business sectors, it is the largest market for the cargo shipping trade. The major Asian countries such as Hong Kong, Japan, China, Singapore, Malaysia, and Thailand. China was identified as one of the major manufacturers of the container fleet in Asia-Pacific due to constant technological innovation, particularly in ship capacity and developing infrastructure, which is assisting the manufacturing industry's growth. 

Frequently Asked Questions:

The market for Container Fleet Market is expected to reach US$ 8,847.8 Mn by 2025.

The Container Fleet Market is expected to see significant CAGR growth over the coming years, at 0.02%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Hapag-Lloyd, Mitsui O.S.K., N.Y.K. Line, Yang Ming Marine Transport Corporation (Yang Ming), Orient Overseas Container Line, and Z.I.M. Integrated Shipping Services (Z.I.M.) are some of the major players in the global market.

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Godaddy
Published Date:  Apr 2017
Category:  Technology & Media
Report ID:   58400
Report Format:   PDF
Pages:   120
Rating:    4.7 (65)
Delivery Time: 24 Hours to 48 Hours   
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