Container Fleet Market to expand at a healthy CAGR of 5.70% during the period from 2017 to 2025 January 20, 2022
The business landscape of the global container fleet market is characterized by the rivalry between several international and local yet established players, states a research report by Transparency Market Research (TMR). The market demonstrates a moderately consolidated structure with AP Moller – Maersk, CMA CGM, Mediterranean Shipping Co., China Ocean Shipping, Hapag Lloyd, and Evergreen Marine holding more than 58% of the overall market in 2016. The leading players are increasing focusing on mergers, acquisitions, and strategic collaborations to sustain in the highly competitive environment of this market, notes the research study. As per the research study, the global market for container fleet was worth US$8.8 bn in 2016. Research analyst expect the opportunity in this market to expand at a healthy CAGR of 5.70% during the period from 2017 to 2025 and reach a valuation of US$14.4 bn by the end of the period of the forecast. The demand for dry containers is greater than other types of containers available in this market and the trend is anticipated to continue over the next few years, states the research report. Request A Sample- https://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=20186
Container Fleet Market
Automotive Industry to Remain Leading End User According to the report, container fleet finds application in the automotive, mining and minerals, oil, gas, and chemicals, food and agriculture, and the retail industries. With a share of more than 20%, the automotive industry surfaced as the leading end user of container fleet across the world. While this industry will continue as the key end user throughout the forecast period, the mining and minerals industry will also report a high demand for container fleet in the years to come. Request For Discounthttps://www.transparencymarketresearch.com/sample/sample.php? flag=D&rep_id=20186 In terms of the geography, the report has classified the worldwide container fleet market into Asia Pacific, the Middle East and Africa, Latin America, North America, and Europe. With a share of 35.2%, Asia Pacific dominated the global market in 2016. Displaying a high growth rate, this regional market is anticipated to remain on the top over the next few years. Apart from Asia Pacific, the Middle East and Africa market for container fleet is expected to witness significant growth in the near future, thanks to the expansion in the oil, gas, and chemicals industry in this region. Rise in Intermodal Transport to Boost Market’s Growth “The global market for container fleet is expected to gain significantly from the rise in intermodal transport,” says a TMR analyst. The intermodal transportation, which refers to shipping intermodal containers, including large steel containers, offers better
efficiency and is capable of carrying a large number of containers on a daily basis. The augmenting demand for intermodal containers has, consequently, reflected on the need for container fleet, resulting in the high growth of this market. Buy Our Premium Research Report at – https://www.transparencymarketresearch.com/checkout.php?rep_id=20186&ltype=S In addition to this, the escalating demand for refrigerated cargo shipping is projected to impact positively on this market in the years to come. However, the easy availability of terminals or ports with container facility may hamper the progress of this market over the forecast period, states the report. More Trending Reports by Transparency Market Research – https://www.prnewswire.com/news-releases/vehicular-emission-norms-key-pivot-formass-scale-production-in-automotive-vvt-system-market-by-2026-global-valuation-toclimb-to-us-52-bn-tmr-301265052.html About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Transparency Market Research, 90 Sate Street, Suite 700, Albany, NY 12207 Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com/