Global Container Leasing Market 2019-2023
About this market
The growth in the global demand for refrigerated transportation is driving growth in the market. The growth of the market is majorly attributed to the increase in the adoption of cold chain solutions, owing to benefits such as ensuring the safe transportation of temperature sensitive and perishable products. Technavio’s analysts have predicted that the container leasing market will register a CAGR of close to 19% by 2023.
Rise in international containerized seaborne trade
The global international seaborne trade is extremely dependent on the global economy as well as the increase in the global trade. Thus, to ensure proper utilization and higher security during seaborne transportation of cargo, the demand for the containerized seaborne trade increases
Fluctuations in the container leasing rates
Container leasing rates are mainly dependent on the prices of steel that is used for manufacturing shipping containers, as well as on global trade and the demand and supply of containers.
For the detailed list of factors that will drive and challenge the growth of the container leasing market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including CAI International and Eurotainer, the competitive environment is quite intense. Factors such as the rise in international containerized seaborne trade and the growth in the global demand for refrigerated transportation, will provide considerable growth opportunities to container leasing manufactures. CAI International, Eurotainer, Seaco, Textainer, and Triton International are some of the major companies covered in this report.
‘With the presence of a considerable number of companies, this market appears to be fragmented and with all companies constantly focusing improving their market positions, the competitive environment among the players is quite intense’.