Report ID: SQMIG20R2019
Report ID:
SQMIG20R2019 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
63 |
Figures:
75
Geographically, Asia-Pacific dominated the market in the previous years and is expected to lead over the forecast period owing to the strong manufacturing hub, rise of e-commerce, and growing investment in infrastructure. Asia-Pacific is home to many leading manufacturing nations, like China, which significantly drives the demand for shipping container. Speedy growth of e-commerce and online sales in developing countries like India and China is boosting the demand and use of containers. Heavy investments are also seen in logistics facilities and infrastructure of ports that improve efficiency and capacity, simplifying management of large volume containers. The leading players engaged in shipping container in the region include Evergreen Marine Corporation, COSCO Shipping Lines, Yang Ming Marine Transport Corporation, Mediterranean Shipping Company, CMA CGM, and more.
Europe is the fastest-growing region in the global shipping container market due to strong trade ecology, improved port infrastructure and innovations and technology. Europe holds strong trade connections within the European Union and several global nations, streamlining better import and export practices. Key ports like Hamburg and Rotterdam are developed to manage huge container quantities, improving shipping efficiency in Europe. Companies in the region are also focusing on implementing sustainable practices and green technologies that align with regulatory norms and consumer choices. The region also invests in digital solutions and logistics technology for enhanced transparency and efficiency in shipping activities.
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Report ID: SQMIG20R2019