Container Fleet Market Grows 5.69 Million TEU | AP Moller – Maersk AS, COSCO Shipping Co. Ltd. and CMA CGM Group emerging as dominant players

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According to the recent Technavio market study, the Container Fleet Market Size is expected to increase by 5.69 million TEUs from 2020 to 2025, growing at a CAGR of 4.53% during the forecast period. The report provides detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major pockets of investment.

APAC will record the highest growth rate, occupying 46% of the global market share. China is the key market for APAC container fleets. However, the market growth in this region will be slower than the growth of the MEA market.

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Supplier Information-

The container fleet market is fragmented due to the presence of many established vendors offering differentiated services. Suppliers in the market compete in terms of revenue, market dominance, geographic presence, product portfolio and financial data. Some vendors are focusing on mergers and acquisitions to build capacity and expand their presence.

AP Moller – Maersk AS: The company offers a variety of container fleet services such as Less than Container Load (LCL), Maersk ECO Delivery, etc.

COSCO Shipping Co., Ltd. : The company offers maritime industrial clusters, industrial port clusters, industrial logistics clusters and others.

CMA CGM Group: The company offers a variety of container fleets such as AKNOUL, CARLA-LIV and PROSRICH.

Evergreen Marine Corp. (Taiwan) Ltd. : The company offers a variety of container fleets such as L (CSBC), NU, S series and others.

Hapag-Lloyd AG: The company offers a variety of container fleets such as dry cargo containers, special cargo containers and refrigerated cargo containers.

Discover additional highlights about the vendors and their product offerings. Download a free sample report

Regional market outlook

The growth of the APAC container fleets market will be significant during the forecast period. The growing production of horticultural products such as fruits and vegetables in China and India is the driving force behind the growth of the APAC container fleets market. Also, the emergence of China as a global manufacturing hub for electronics and other commodities, will be crucial in driving the growth of the regional market.

Download our FREE sample report for more highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market –

  • Pilot of the container fleets market:
    • Growth in intermodal freight transport:

Intermodal transport involves the use of different modes of transport for the transport of goods. This reduces transport costs and also makes it easier to track products. As a result, manufacturers in industries such as automobiles, consumer goods and heavy vehicles increasingly depend on intermodal transportation for the shipment of products. It is one of the key factors for the growth of the market.

  • Challenge of the container fleet market:

The oversupply of ships and low bunker prices have caused freight rates to drop globally. The industry is currently facing the problem of oversupply and the excessive number of containers has led to pricing issues, making it difficult to forecast demand for container fleets. This forces sellers to lower prices on a cost per tonne or cost per container basis, which in turn increases operating costs. Thus, the falling cost of freight rates is expected to negatively impact the growth of the market during the forecast period.

Find additional information on various other market drivers and trends mentioned in our FREE Sample Report.

Associated reports:

Intermediate Bulk Container Market by End User and Geography – Forecast and Analysis 2021-2025

Flexible Intermediate Bulk Container Market by End User and Geography – Forecast and Analysis 2021-2025

Scope of the container fleet market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of 4.53%

Market growth 2021-2025

5.69 million teu

Market structure

Fragmented

Annual growth (%)

2.96

Regional analysis

APAC, Europe, North America, MEA and South
America

Efficient contribution to the market

46% APAC

Main consumer countries

China, Germany, United States, United Arab Emirates and Brazil

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

AP Moller – Maersk AS, COSCO Shipping Co., Ltd.,
CMA CGM Group, Evergreen Marine Corp. (Taiwan)
Ltd., Hapag-Lloyd AG, Hyundai Merchant Marine
(Europe) Ltd., Kawasaki Kisen Kaisha Ltd., Mitsui
OSK Lines Ltd., MSC Mediterranean Shipping
Company SA, and Nippon Yusen Kabushiki Kaisha

Market dynamics

Parent market analysis, market growth drivers and
Barriers, Fast growing and slow growing segment
analysis, COVID-19 impact and future consumer
dynamics, analysis of market conditions for forecasting
period.

Customization

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search, you can contact our analysts and get
custom segments.

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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SOURCE Technavio


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