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Technology Trends in Shipping Container Industry: Rise of Smart Containers
The global shipping container market size is expected to reach USD 15.83 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.0% from 2020 to 2028. The market is expected to be driven by maritime trade, expanding penetration of the e-commerce industry, digitization in shipping container space, and increasing demand for specialized shipping containers by the department of defense.
20’ and 40’ are the most popular sizes of shipping containers as of 2021. Although based on application shipping containers are often manufactured in a variety of sizes such as 8’, 10’, 48’, 53’, and others. Their increasing demand for transportation of a variety of goods such as food, pharmaceutical, automotive components, and agricultural products is expected to support industry growth.
Shipping Container Market Report Highlights
By product, ISO containers generated a revenue of USD 6.28 billion in 2020. Extensive adoption of ISO containers for international trade mainly accounted for a higher share of the ISO container product segment in the market
Reefer container segment is expected to register the fastest CAGR of 12.5% in terms of revenue from 2020 to 2028 owing to increasing demand for temperature-controlled transportation for shipping pharmaceutical, food, and agricultural products
Industrial transport led the application segment with a share of 56.6% by revenue in the global shipping containers market in 2020. Extensive use of shipping containers for transportation of industrial raw materials and manufactured goods such as metals, minerals, oil and gases, chemicals, ores, slags, machinery, tools, etc. attributed to the high share of the industrial transport segment in 2020
The Asia Pacific region dominated the market with more than 68.1% share of the global revenue in 2020. Presence of countries such as China and India having a large manufacturing base coupled with robust agricultural exports mainly contributed to the high share of Asia Pacific in the global market
The market is highly fragmented with the presence of large- and medium-sized international companies as well as small-sized domestic players
For More Details or Sample Copy please visit link @: Shipping Container Market Report
Trade agreements promote trade among the nations and favorably impact the demand for shipping containers. In November 2020, members of the Association of Southeast Asian Nations (ASEAN) and five regional partners signed the Regional Comprehensive Economic Partnership (RCEP), which is one of the largest free trade agreements in the world. Moreover, recently concluded multiple trade agreements including NAFTA, EVFTA, EU–UK Trade and Cooperation Agreement (TCA), and others are likely to fuel the growth of the market.
The significant developments in commercial vessels and innovation of efficient and better cargo ships equipped with advanced technology such as navigation systems, advanced sensors, and other components are accelerating the demand for cargo transportation through ships, which is further fueling the growth of the market.
The global e-commerce industry witnessed an exponential surge in the last few years, besides, the rising penetration of smartphones and the internet, especially in developing regions is anticipated to fuel the growth of the e-commerce industry further. The growth of the transportation industry on account of growing online retails is expected to benefit the shipping containers market.
List of Key Players of the Shipping Container Market
Bertschi AG
BNH Gas Tanks
Bulkhaul Limited
Danteco Industries BV
NewPort Tank
P. Moller - Maersk
China International Marine Containers (Group) Ltd
COSCO SHIPPING Development Co., Ltd.
CXIC Group
Singamas Container Holdings Limited
We have segmented the global shipping container market report based on product, type, size, flooring, application, and region.
Shipping Container Product Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2017 - 2028)
ISO Containers
Non-standardized Containers
Shipping Container Type Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2017 - 2028)
Dry Containers
Reefer Containers
Tank Containers
Others
Shipping Container Size Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2017 - 2028)
20’ Containers
40’ Containers
High Cube Containers
Others
Shipping Container Flooring Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2017 - 2028)
Wood
Bamboo
Metal
Vinyl
Others
Shipping Container Application Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2017 - 2028)
Consumer Goods Transport
Industrial Transport
Food Transport
Others
Shipping Container Regional Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2017 - 2028)
North America
Europe
Asia Pacific
Central & South America
MEA
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact:
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll-Free: 1-888-202-9519
Email: [email protected]
Web: grandviewresearch.com
#ShippingContainer #ContainerMarket #Logistics #SupplyChain #FreightTransport #ShippingContainerMarket #GlobalTrade #MaritimeIndustry #CargoContainers #IntermodalTransport #SmartContainers #EcoFriendlyLogistics #SustainableShipping
#ShippingContainer#ContainerMarket#Logistics#SupplyChain#FreightTransport#ShippingContainerMarket#GlobalTrade#MaritimeIndustry#CargoContainers#IntermodalTransport#SmartContainers#EcoFriendlyLogistics#SustainableShipping
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Smart Container Market Is Set to Garner Staggering Revenues By 2032
Allied Market Research, titled, “Smart Container Market Size , by Offering Technology, Industry Vertical. " The smart container market was valued at $4 billion in 2022, and is estimated to reach $24.1 billion by 2032, growing at a CAGR of 19.8% from 2023 to 2032.
A smart container is a technologically advanced shipping or storage unit equipped with integrated sensors, communication devices, and data analytics capabilities. These containers leverage Internet of Things (IoT) technology to provide real-time monitoring and communication, allowing stakeholders to track and manage critical parameters such as location, temperature, humidity, and security features. The data generated by smart containers enables informed decision-making, enhances supply chain visibility, and promotes efficient inventory management. Smart container market growth projections contribute to enhanced security in the transportation of goods with the ability to actively detect and report unauthorized access.
The rise in the utilization of Internet of Things (IoT) devices is a key driver propelling the advancement of the Smart Reefer Container Smart containers, equipped with integrated IoT devices, have become essential components of contemporary supply chain management as industries increasingly undergo digital transformation. These IoT devices, encompassing sensors and communication tools embedded in smart containers, enable the real-time monitoring of vital parameters such as location, temperature, and security features. The data generated by these devices is utilized to improve supply chain visibility, streamline operational processes, and ensure the secure transportation of goods. The increase in dependence on IoT in logistics empowers stakeholders with access to precise, timely information, leading to enhanced decision-making and responsiveness. Therefore, the adoption of IoT devices emerges as a driving factor, fostering efficiency, transparency, and innovation within the smart container ecosystem.
However, the high risk of cyber threats to Smartcontainers can act as a restraint on the growth of the smart container industry. These containers become susceptible to potential cyberattacks with increased connectivity and reliance on digital technologies. The integration of Internet of Things (IoT) devices, sensors, and communication tools in smart containers creates openings for malicious activities. Cybersecurity risks, encompassing hacking, unauthorized access, and data breaches, have the potential to compromise the integrity of the data collected and transmitted by these containers, leading to possible disruptions in the supply chain. Given that the valuable and sensitive information within smart containers, such as cargo details and transportation routes, has become an attractive target for cybercriminals. It is crucial to tackle these cybersecurity challenges to uphold the dependability and security of smart container systems, fostering secure and resilient operations in the growing interconnected logistics and transportation sector.
Moreover, continuous advancements in Internet of Things (IoT) and connectivity technologies represent a significant opportunity for the smart container mark. Smart containers can benefit from improved sensor capabilities, enhanced communication protocols, and more reliable connectivity options as IoT evolves. This progress enables smarter and more responsive containers, allowing for seamless real-time monitoring of diverse parameters such as location, temperature, humidity, and security features. Improved connectivity infrastructure, including 5G networks, satellite communication, and low-power, wide-area networks (LPWAN), can provide more robust and widespread coverage, ensuring that smart containers can transmit and receive data in various environments and locations.
The smart container market segmentation on the basis of offering, technology, industry vertical, and region. On the basis of offering, the market is divided into hardware, software, and services. On the basis of technology, the market is categorized into GPS (Global Positioning System), Cellular, LoRa WAN (Long Range Wide Area Network), and Bluetooth Low Energy. On the basis of industry vertical, the market is classified into food & beverage, pharmaceutical, oil & gas, chemicals, and others.
On the basis of region, smart container market analysis across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), and Middle East and Africa (UAE, Saudi Arabia, Qatar, South Africa, and Rest of Middle East and Africa).
Competitive analysis and profiles of the major Smart container market trends players, such as ORBCOMM Inc., SkyCell AG, Traxens, Phillips Connect Technologies, Globe Tracker, Robert Bosch GmbH, Nexiot AG, MSC (Mediterranean Shipping Company), Shenzhen joint Technology Co., Ltd., A.P. Moller - Maersk are provided in this report. Product launch and acquisition business strategies were adopted by the major Smartcontainers market players in 2022.
KEY FINDINGS OF THE STUDY
The smart container market size is expected to grow significantly in the coming years, driven by the rise in the utilization of Internet of Things (IoT) devices.
The smart container market share is expected to be driven by the smart container market demand in the food & beverage sector.
The market is highly competitive, with several major players competing for market share. The competition is expected to intensify in the coming years as new players enter the market.
The Asia-Pacific region is expected to be a major market for smart container market owing to an increase in adoption of advanced technologies in the region.
The key players profiled in the smart container market, such as ORBCOMM Inc., SkyCell AG, Traxens, Phillips Connect Technologies, Globe Tracker, Robert Bosch GmbH, Nexiot AG, MSC (Mediterranean Shipping Company), Shenzhen joint Technology Co., Ltd., A.P. Moller - Maersk are provided in this report. The major market players adopted product launch and acquisition business strategies in 2022.
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The Hidden Truth on SmartContainers Exposed
The SmartContainers offers a guarantee that all the foods or medicine items will be exposed completely safe and just in right time. The money and time you invest in the business should be covered and supported by real professionals. When choosing to cooperate with SmartContainers you should know that the risk of unwanted situations does not exist. The complete concept is covered with quality logistics and constant supervision of the Containers. Did you know that all these logistics are covered by the smart coin procedure of our LOGI coin?
Why use the ICO of Smart Containers?
Investing in tokens of our ecosystem in the most prosper financial market in the world today can be beneficial for your business. There we are, to create equally smart financial and logistic system who gives you the advantage of success in both of these areas. Invest into LOGI coin is the key to try all of these main products, both beneficial: logistics and crypto values like LOGI is. When joining to our smart ICO system, all necessary information and full supportive relations will be completely provided. Advisory solutions and answer every question are always available. Cryptocurrency trading is the financial market offers a huge possibility to pay or to raise your funds. Today financial online markets are joined with the logistic services. Using the advantages of the prospective system that allows you to create beneficial conditions of trading with our tokens and to go to wanted success.
If you are surrounded by the right experts in both financial and logistics fields, you will achieve it. With the usage of innovations in logistic fields, we have the best solutions to raise the businesses online by providing our products to the people or companies who want more than usual trading. Using the SmartContainers ICO, let us assure you in that.
Official Website Link: https://smartcontainers.ch/en/ ANN Thread Link: https://bitcointalk.org/index.php?topic=3058528.0 Telegram Group Link: https://t.me/smartcontainers Bitcointalk profile Link: https://bitcointalk.org/index.php?action=profile;u=2153432
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Facts About Smartcontainers Revealed By The Experts
Have you caught wind of SmartContainers Group? Would you like to know what precisely it is and how it is identified with the sustenance business? It is a Swiss-based cutting edge Company intended to offer best temperature-controlled holders for transporting delicate pharma items and nourishment over the globe.
The company works with the goal of transporting delicate nourishments securely to guarantee that everybody will get a decent quality item. The holders will accompany an inventive and propelled innovation to offer the coveted advantages. There will be an exceptional blend of exceedingly effective programming, front-line innovation, and savvy administrations to assist individuals with getting the best quality and safe nourishment. Individuals think that its optimal for the venture as it manages the wellbeing of touchy sustenance.
What is the target?
As specified before, this company has appeared to offer safe nourishment to individuals everywhere throughout the world. They make the compartments ensured by a temperature controller. These compartments can be utilized to transport touchy nourishment and medicinal things all around.
This company is very valued by the financial specialists for two reasons. Above all else, it's anything but another expansion to the crypto business. It is a prebuilt up company that has been a decent notoriety for serving individuals throughout the previous five years. In cases to be the biggest player in a specific specialty temperature controlled holders to transport perishable great.
Also, it is an awesome blend of three free plans of action. These are the SkyCell, FoodGuardians, and a general calculated stage. SkyCell functions as the pharmaceutical arm of this group and FoodGuardians goes about as the perishable nourishment arm. The coordination stage will cover the products that need transportation to expansive separations.
Smart Containers creates, assembles and leases airfreight holders for medication and nourishment transports. We consolidate frontline innovation and IoT sensors in a coordination environment on the blockchain. We are the most forthcoming company that conveys quality and best administrations to our regarded clients. Consider the smart container company for various deliveries and best modes of trusted transportation of your business items.
Official Website Url: https://smartcontainers.ch/en/ ANN Thread Url: https://bitcointalk.org/index.php?topic=3058528.0 Telegram Group Url: https://t.me/smartcontainers Bitcointalk profile Url: https://bitcointalk.org/index.php?action=profile;u=2153374
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Do visit the @capgeminiindia booth at @nasscom_ilf #nasscom2017 @grandhyattmumbai and learn about #SmartContainer #IntelligentLogistics (at Grand Hyatt Mumbai)
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