About Container Leasing
Container lessors purchase containers at competitive prices from container manufacturers and lease it to container fleet management companies, cargo players or shippers, individual goods manufacturers, and other service sector players at a lease rate for a specific lease period or lease term. Most of the lessors in the global container leasing market are involved in both new container leasing and used container leasing.
Technavio’s analysts forecast the global container leasing market to grow at a CAGR of 16.12% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global container leasing market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Container Leasing Market 2017-2021
Technavio recognizes the following companies as the key players in the global container leasing market: China COSCO Shipping, Seaco, Textainer, and Triton International.
Other Prominent Vendors in the market are: Beacon Intermodal Leasing, Blue Sky Intermodal, CAI International, CARU Containers, Magellan Maritime Services, Raffles Lease, SeaCube Container Leasing, Touax Global Container Solutions, and UES International (HK) Holdings
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is consolidation in global container leasing market. The global container leasing market is highly consolidated, with the top five players holding around 85% of the global market share in container leasing. Small players are entering the market to grab the market opportunities face competitive pressure from the large players, forcing them to combine with the large players.”
According to the report, one driver in the market is rising global container traffic. The global container traffic is growing steadily since 2010. The global recession of 2008 had caused a negative impact on the growth of the container movement in 2009. However, the demand for container increased from 2010. Development in the inter-Asia and intra-Asia trade is a major factor boosting the container traffic across the globe. For instance, in 2016, around 25 agreements were signed by India and China, making way for around $23 billion trade possibilities. Moreover, all the Asian countries are increasing trade by removing the trade barriers.
Further, the report states that one challenge in the market is fluctuating container disposal rate. The life span of a container varies between 10-12 years. The useful life of the container lasts only by 7 to 8 years. Certain retrofit cost is required to extend the useful life of the container. Once the container attains its maximum useful life, it has to be disposed of in a proper way to reduce landfills, so as to reduce environmental degradation. In container leasing, the lessor is responsible for the disposal of lifeless containers. So, the fluctuating disposable price is expected to negatively impact the revenue of lessors.
China COSCO Shipping, Seaco, Textainer, Triton International, Beacon Intermodal Leasing, Blue Sky Intermodal, CAI International, CARU Containers, Magellan Maritime Services, Raffles Lease, SeaCube Container Leasing, Touax Global Container Solutions, and UES International (HK) Holdings