The global container fleet market is projected to surpass US$ 20.77 Bn by 2031, expanding at a CAGR of 5.10 % during the forecast period. Rise in expansion of the cargo sector across the globe is estimated to increase the demand for container fleet. The logistics sector is more concerned about the safety and security of goods. On the other hand, manufacturers are using durable materials and advanced technology to build containers and make them more cargo efficient, which in turn is anticipated to boost the container fleet market globally.

The increase in international trade among countries is boosting the logistics sector. Containerization through sea in an intermodal transportation process, which enhances the productivity and improves the overall profitability due to its high load bearing capacity, is driving the market for container fleets. Safety of goods is a priority for any logistics player.

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Container Fleet Market Players

Prominent players operating in the global container fleet market include Hapag Lloyd, Maersk Line, Westfal-Larsen Shipping A/S, Kawasaki Kisen Kaisha Ltd., Evergreen Marine Corporation Ltd., China Ocean Shipping Company, Mitsui O.S.K. Lines, Ltd, CMA CGM, Mediterranean Shipping Corporation S.A., and Hyundai Merchant Marine Co. Ltd.

Regional Analysis 

In terms of region, the global container fleet market has been segregated into North America, Europe, Asia Pacific, Middle East Africa, and Latin America. Asia Pacific held a prominent share of the global market, in terms of revenue, due to its large road connectivity. Growing industrialization in metropolitan areas is another factor boosting the market in Asia Pacific. For instance, rise in transportation activities in India is expected to boost the market, in terms of revenue, in the country. North America is a prominent market, which is expected to offer considerable opportunities over the next few years. Presence of important competitors and large maritime firms and technological advantage are key factors driving the market in the region.

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Segmentation

• Container Fleet Market, by Product Type
  • Dry Container
  • Reefer Container
  • Tank Container
• Container Fleet Market, by End-user
  • Automotive
  • Mining and Minerals
  • Oil Gas and Chemicals
  • Food Agriculture
  • Retails
• Container Fleet Market, by Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East Africa
  • South America

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