Global Dry Container Fleet Market 2017-2021
About Dry Container Fleet
Dry containers are available in 20' and 40' sizes and are manufactured either from steel or aluminum. These containers are suitable for numerous types of cargo. Dry containers are totally enclosed and weatherproof, with rigid side walls, rigid roofs, and floors. At least one of the end walls is equipped with doors to facilitate the transport of a variety of cargo. These containers can carry all types of “dry” goods, including ready-to-wear clothing, textiles, consumer goods and sundries, and goods that are packed in cartons, bags, drums, boxes, cases, bales, and pallets. These types of containers are also used for certain types of bulk cargo.
Technavio’s analysts forecast the global Dry Container Fleet market to grow at a CAGR of 2.08% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global dry container fleet market for 2017-2021. To calculate the market size, the report considers the volume which is based on the container fleet capacity for the respective region and the container type.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Dry Container Fleet Market 2017-2021
Technavio recognizes the following companies as the key players in the global dry container fleet market: Maersk Group, MSC, CMA CGM Group, and China COSCO Shipping.
Other Prominent Vendors in the market are: APL, Hamburg Sud, Orient Overseas Container Line, and Hapag-Lloyd.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increase in demand for fleet management systems. Container fleet management involves dealing with demand imbalance, dynamic operation, and uncertainty. It includes several activities such as tracking containers, container distribution, fleet sizing, maintenance, and repositioning of empty containers. Fleet management techniques help to resolve these issues and improve the operational efficiency and enable fleet tracking, cost control, and risk minimization.”
According to the report, one of the major drivers for this market is Growing intermodal transportation. Intermodal transportation is highly efficient, environmentally friendly, and requires low investments. It uses different modes of transportation for the transport of goods from one place to another. It is estimated that intermodal transportation will grow at a CAGR of more than 8% during the forecast period. This transportation is easy to track and involves only a few idle periods during the operation. It offers door-to-door delivery, a shorter delivery time, ensures cargo safety, and involves the use of different routes.
Further, the report states that one of the major factors hindering the growth of this market is Decline and volatility in industry earnings. The container fleet industry is dependent on the global economy, which, in recent times, has shown signs of volatility in China and negative growth in Brazil. Adding to the problem is that the container fleet industry continues to add capacity. The typical vessel delivered handled about 10,020 TEUs in 2015, which was five times more than what a typical vessel could handle in the 1990s. The pressure to increase this capacity and address the issue of efficiency in large vessels has led to uncertainty. Therefore, profits have become exceptionally volatile.
Maersk Group, MSC, CMA CGM Group, China COSCO Shipping, APL, Hamburg Sud, Orient Overseas Container Line, and Hapag-Lloyd.
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