Asia Pacific Shipping Container Market Size & Outlook
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Asia Pacific shipping container market highlights
- The Asia Pacific shipping container market generated a revenue of USD 4,373.1 million in 2020.
- The market is expected to grow at a CAGR of 12.1% from 2021 to 2028.
- In terms of segment, iso containers was the largest revenue generating product in 2020.
- ISO Containers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 4,373.1 million |
| Market revenue in 2028 | USD 10,935.7 million |
| Growth rate | 12.1% (CAGR from 2020 to 2028) |
| Largest segment | Iso containers |
| Fastest growing segment | ISO Containers |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | ISO Containers, Non-standard Containers |
| Key market players worldwide | A. P. Moller Maersk A/S Class A, China International Marine Containers (Group) Co Ltd Class H, Singamas Container Holdings Ltd, Sea Ltd ADR |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 68.2% of the global shipping container market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,935.7 million by 2028.
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Shipping Container Market Scope
Shipping Container Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Singamas Container Holdings Ltd | View profile | 3089 | 75-83 King’s Road, 19th Floor, SUP Tower, Hong Kong, Hong Kong | https://www.singamas.com |
| China International Marine Containers (Group) Co Ltd Class H | View profile | 50632 | CIMC R&D Centre, 2 Gangwan Avenue, 8th Floor, Shekou, Nanshan Distritct, Guangdong, Shenzhen, China, People's Republic of, 518067 | https://www.cimc.com |
| A. P. Moller Maersk A/S Class A | View profile | 100000 | Esplanaden 50, Copenhagen, Denmark, 1263 | https://www.maersk.com |
| Sea Ltd ADR | View profile | 62700 | 1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, Singapore, 138522 | https://www.sea.com |
Asia Pacific shipping container market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shipping container market will help companies and investors design strategic landscapes.
Iso containers was the largest segment with a revenue share of 98.3% in 2020. Horizon Databook has segmented the Asia Pacific shipping container market based on iso containers, non-standard containers covering the revenue growth of each sub-segment from 2017 to 2028.
Asia Pacific dominated the maritime trade in 2020 and thus holds the largest share in of the global shipping container market. In terms of revenue, Asia Pacific accounted for a market share of 68.2% in 2020 and is expected to maintain its position over the forecast period. Asia Pacific observed low impact of the COVID-19 pandemic compared to other countries.
The region accounted for 55% of goods loaded and 63% of goods unloaded in 2019. It has strengthened its position in maritime trade with over 60% of global trade volumes. Asia Pacific also dominates the global market in terms of port cargo handling, with a share over around 67% of global container port traffic. Out of the top 20 container ports in the world, 16 are based out of Asia Pacific.
In shipbuilding industry, China, South Korea, and Japan are the leading producers of ships. These countries together accounted for a share of 95% of the newly built ship deliveries in 2019.
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Target buyers of Asia Pacific shipping container market databook
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Our clientele includes a mix of shipping container market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific shipping container market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific shipping container market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific shipping container market report size, by country, 2017-2028 (US$M)
Asia Pacific Shipping Container Market Share, 2020 & 2028 (US$M)
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