China Shipping Container Market Size & Outlook, 2020-2028
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China shipping container market highlights
- The China shipping container market generated a revenue of USD 2,595.9 million in 2020 and is expected to reach USD 6,625.0 million by 2028.
- The China market is expected to grow at a CAGR of 12.4% 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.
Shipping container market data book summary
| Market revenue in 2020 | USD 2,595.9 million |
| Market revenue in 2028 | USD 6,625.0 million |
| Growth rate | 12.4% (CAGR from 2020 to 2028) |
| Largest segment | Iso containers |
| Fastest growing segment | ISO Containers |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 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, China accounted for 40.5% of the global shipping container market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China shipping container market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,625.0 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 |
China 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 China shipping container market based on iso containers, non-standard containers covering the revenue growth of each sub-segment from 2017 to 2028.
China is the largest producer and consumer of shipping containers in the international market. Huge industrial sector, large volume production, and exports and imports of industrial goods are the key contributing factors for the growth of Chinese market. The world’s largest bilateral trade happens between China and the U.S.
In 2019, goods worth USD 472 billion were exported by China to the U.S., similarly U.S. exported goods worth USD 132 billion to China. This explains massive scale of trade operations from China and its strategic importance in the global shipping container market. China recovered quickly from disruptions caused by the COVID-19 with an increase in exports at a faster pace. This was mainly due to rapid vaccination programs and easing of lockdown restrictions around the world.
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Target buyers of China 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the China shipping container market, including forecasts for subscribers. This country databook contains high-level insights into China shipping container market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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China shipping container market report size, by product, 2017-2028 (US$M)
China Shipping Container Market Share, 2020 & 2028 (US$M)
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