The ISO container market is predicted to capture a valuation of USD 266.53 million in 2023 and is estimated to rise to USD 630.97 million by 2033. The market is anticipated to record a CAGR of 9% during the forecast period. The driving factors are as follows
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The key vendors invest a lot in producing standardized ISO containers using advanced technology. However, the increasingly high cost of raw materials used to develop these containers may limit the market growth. In addition, the vast capital required to invest in new developments may constrain market expansion. The growing cost of steel, labor, inspection, and certification are a few production and manufacturing costs that limit the market share.
Nowadays, online presence and digitization are adopted by almost all industries to operate their work efficiently. The innovation of advanced technology such as artificial intelligence, 5G technology, the Internet of Things, and cloud computing are propelling the market growth. The container shipping sector is adopting these technologies to satisfy customer requirements, driving the market share.
The increasing adoption of the Internet of Things can track real-time location easily. The manufacturers are investing millions of dollars in research and development activities by adopting these technologies. In Mar 2022, ORBCOMM Inc. provided solutions for the Internet of Things by launching CT 3500 IoT telematics devices. This product is a next-generation device with an intelligent management system to store cargo for refrigerator containers.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 9% |
| Market Valuation (2023) | USD 266.53 million |
| Market Valuation (2033) | USD 630.97 million |
Principal Consultant
According to Future Market Insights, the global ISO container market may register a healthy 9% CAGR during the forecast period. Historically, the market registered a CAGR of 8.1% between 2017 and 2022.
The end-user industries such as food & beverages, chemicals, industrial gas, petrochemicals and pharmaceuticals are expected to aid market expansion by 2033. During the pandemic, the market faced a huge downfall due to a lack of raw materials and a limited supply chain and distribution channels.
The market growth declined due to the lack of labor, surging freight rates and COVID-19 restrictions in port areas.
The market is estimated to reach USD 630.97 million by the end of the forecast period.
Based on transportation mode, road transportation is estimated to secure a maximum share of the global market by 2033. Many goods transferred across nations through transportation are driving the market growth. In addition, the growing demand for effective logistics, rapid infrastructure, and vehicle productivity are flourishing road transportation.
The improving roads & inauguration of highways for sufficient and smooth driving are uplifting the market size. Rail and marine transportation may also capture a relevant share of the global market by 2033.
Marine transport secures a considerable share by carrying freight for long distances, flourishing the global market share-the cost of transport, international trade, and world economy fuel marine transportation space.
Based on container type, the multi-compartment tank is securing a maximum share of the global market. Due to carrying freight simultaneously, the demand for multi-compartment tanks is growing.
The multi-compartment tank contains two or more compartments. For instance, manufacturers inked three colors to deliver a specific multi-compartment tank for storing multiple items simultaneously, expanding market growth.
The Cryogenic & gas tank is another category that registers substantial growth in the global market. Lined and swap body tanks are the other categories that register a relevant share in the global market.
Based on the end-use industry, the petrochemicals sector is projected to hold a high revenue share in the global market by 2033. The rising demand for petrochemicals such as petrol & diesel is surging the market growth.
In addition, the adoption of advanced technologies for monitoring chemical manufacturing on a real-time basis, including cost-efficient, maintaining accuracy and improving efficiency, are driving the market growth. Other end-use industries, such as food & beverages, pharmaceuticals and others, may also capture a significant share.
Principal Consultant
Asia Pacific dominates the global market by capturing a higher share of the global market. Asian Countries such as India, South Korea, China and Japan are significant contributors to the global market. Due to increasing transportation and maritime industries, the market is rapidly surging in these countries.
China captures a modest growth in the global market. As a result, China's market has flourished due to the rising demand for shipping containers and manufacturing industries. In addition, the adoption of ISO container due to their non-hazardous and premium quality products fuel the China market.
Growing investment, low production and labor costs are propelling the market in the country. In addition, rising government initiatives, environmental concerns, and new launches are growing market opportunities.
The United Kingdom is estimated to register a significant global market share by 2033. The rapidly growing investment in the marine sector and pharmaceuticals sector are increasing the United Kingdom ISO container market share.
The manufacturers are increasing the production of advanced ISO shipping containers, uplifting the market opportunities in the country. In addition, the rising chemicals and petrochemicals sector in the nation is capturing huge revenue in the global market.
The United States is expected to register a significant global market share during the forecast period. The rapidly growing production, urbanization and advanced technologies are growing the market smoothly.
The rising export activities of oil & gas in huge quantities influence the United States ISO container market size. The production of crude oil and gas continuously expands the market revenue in the nation.
In 2018, the United States was expected to produce nearly 12 million barrels daily. In addition, emerging economies, present manufacturers, advanced Internet of Things devices and research and development activities are bolstering the market in the United States. The growing pharmaceuticals, chemicals and petrochemicals are advancing the market revenue in the country.
The Middle East & Africa are anticipated to contribute a considerable share of the global market by 2033. The increasing demand for affordable and convenient products is driving the market size. In addition, the growing transportation of oil & gas and import-export activities propel the Middle East & Africa ISO container market.
The increasing urbanization, digitization and innovation of products are surging the market growth. Therefore, the present manufacturers and domestic players are focusing on maintaining premium quality products to expand the market growth in the country.
The prominent players are focusing on advanced quality ISO containers by increasing the adoption of technologies, including Artificial Intelligence. In addition, the players launch innovative products through their research and development activities. These players invest millions of dollars in acquiring maximum output in the global market.
Key players adopt several marketing methodologies: collaborations, acquisitions, product launches, partnerships, mergers and agreements. The prominent vendors continue expanding the global market with innovative ideas.
Recent Developments in the Market are
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Billion for Value |
| Key Countries Covered | USA, Canada, Germany, United kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Türkiye, Northern Africa, and South Africa |
| Key Segments Covered | Container Type, End Use Industry, Transport Mode, Region |
| Key Companies Profiled | Danteco Industries; HOYER; Welfit Ody; Meeberg; Tankcon; Tankformator; Bertschi AG; Stolt-Nielsen Limited; China International Marine Containers Ltd; VIG Tanktainer GmbH; Intermodal Tank Transport; Bulkhaul Limited; Interflow TCS Ltd; Royal Den Hartogh Logistics; New Port Tank; Sinochain Logistics Co., Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at USD 266.53 million in 2023.
Danteco Industries, HOYER, and Welfit Ody are the key market players.
Multi-compartment tank is the key segment by container type.
The market expanded at an 8.1% CAGR from 2017 to 2022,
The global market size is estimated to reach USD 630.97 million in 2033.
1. Executive Summary | ISO Container Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Container Type 5.1. Dry Container 5.2. Thermal And Refrigerated Container 5.3. Insulated Container 5.4. Open Top Container 5.5. Flat Rack Container 5.6. Other Container Types 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Transport Mode 6.1. Road 6.2. Rail 6.3. Marine 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Chemicals Transport 7.2. Petrochemicals Transport 7.3. Food Transport 7.4. Industrial Transport 7.5. Pharmaceuticals Transport 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA (Middle East and Africa) 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Intermodal Tank Transport 16.2. Bertschi AG 16.3. Bulkhaul Limited 16.4. Royal Den Hartogh Logistics 16.5. HOYER GmbH 16.6. Interflow TCS Ltd. 16.7. New Port Tank 16.8. Sinochain Logistics Co., Ltd 16.9. Stolt-Nielsen Limited 16.10. VTG Tanktainer GmbH 17. Assumptions & Acronyms Used 18. Research Methodology
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ISO Container Market
