Resurgence in international trade coupled with increasing reliance on seaborne trade continue to remain instrumental in pushing the adoption of dry van container worldwide.
That said, manufacturers are focusing on implementation of advanced technologies along with sporadic innovations dry van container manufacturing processes in order to enhance the service period of the dry van container along with its efficiency in transportation of bulk products.
Moreover, high availability and various advantages of enclosed trailers have triggered the adoption of dry van container as a popular means of transportation.
Understanding different aspects of a dry van container, Fact.MR has compiled various insights pertaining to demand and supply scenario of dry van container in a new research report.
According to the report, the dry van container market is projected to expand at a CAGR of 2.8% in terms of value throughout the period of forecast, 2018-2028.
Moreover, the report also reveals that the dry van container sales are expected to remain concentrated in the emerging economies of Asia Pacific excluding Japan (APEJ) region, followed by Europe and North America.
Furthermore, with a potential rebound in the liner sector, dry van container manufacturing also witnessed a significant come back, and is staged at a more than 50 percent recoil in 2017 as compared to previous years.
This translated into an increased adoption of dry van container for shipping cargo, which, as a consequence, resulted into new advancements with respect to incorporation of smart technologies in dry van container models.
Dry Van Container Market: Steel to Bounce Upwards
Steel has been a preferred choice for manufacturing of dry van container, given the various benefits associated with the material.
Apart from high durability, steel pricing plays an important role, as it is cheaper as compared to aluminum. This factor pushed its demand as a beneficial material for containers used in transportation or logistics.
Moreover, aluminum, in the recent times has gained significant traction, albeit its use at a low base.
High strength, corrosion resistance, magnetic resistance, high elasticity and malleability and low weight has fuelled its demand in the container space.
Dry van container made from aluminum is expected to catch steam in the coming years, albeit high cost price associated with this material.
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Dry Van Container Market: Tug of War Between Europe and North America
The demand for dry van container in Europe is expected to increase at a significant pace in the coming years on the back of increasing trade activities in the region.
With recovery of the EU economy, European markets have shifted their focus towards adoption of new carriers.
With respect to freight logistics, Germany is expected to largely contribute to the growth of the dry van container market in Europe, it being ranked first in terms of logistics performance according to World Bank analysis.
Moreover, limited trade regulations have favored seaborne trade among Europe and emerging economies in Asia Pacific and Africa.
This aspect has actively pushed the growth in sales and demand for dry van container in Europe.
On the other hand, North America is expected to showcase a relatively low adoption of dry van container as compared to Europe.
However, significant opportunities lie in this region, particularly in the United States, given its strong shipping line. According to World Shipping Council, containerized shipping sector provides foundation for more than one-third of economic activity in the region.
In addition, a recent enforcement – Made in America – has gained substantial momentum, consequently increasing the manufacturing output by 7 percent in 2017 .
This coupled with various companies focusing on production enhancement, has triggered growth of the intermodal container leasing sector, which in turn has supported the growth of dry van container market in North America during the period of forecast.
Dry Van Container Market: Rising Seaborne Trade to Pave Growth Opportunities
Stability from an economic standpoint across regions has facilitated favorable environment for international trade.
That said, globalization and industrialization are the prime fillips fuelling expansion of seaborne trade.
According to ICS (International Chamber of Shipping), seaborne trade accounts for more than 90 percent of the global overseas trade.
This has translated into a significant increase in development of large ships with a high container capacity.
In response, dry van container manufacturing is expected to further accelerate to cater to the growing demand.
This factor remains a key growth determinant for dry van container market in the forthcoming years.
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Dry Van Container Market: Dwindling Oil Prices to Trigger Growth
Sharp decline in oil prices on back of changing global scenario is expected to support the growth of the shipping industry, in turn pushing the demand for dry van containers.
That said, the production of fuel is expected to increase in the coming years, paving new opportunities of growth for dry van container.
For instance, U.S Energy Information Administration (EIA) estimated that the production of fuel is expected to touch 10.7 million barrels per day, the highest production registered in US history.
This increased the reliance of manufacturers on shipping industry for transportation of products.
As a consequence, declining oil prices coupled with growing shipping industry is expected to fuel the demand for dry van container during the forecast period.
Dry Van Container Market: Scrutinized Assessment on Regional Segments
Weighted chapters have been included in the report on the dry van container market, which impart forecast on the regional markets.
These chapters illuminate the regional macros (business, economic, and political environment outlook), which are most likely expected to have a significant impact on growth of the dry van container market in the near future.
Country-specific assessment on demand for the dry van container has been provided for each regional market, along with the market size valuation, volume analysis and forecast, price point assessment, price index, and impact analysis of key regional and country-wise dynamics.
Y-o-Y growth projections have also been offered on all regional markets incorporated in the report
Dry Van Container Market Scope Of The Report
The dry van container market is envisioned to observe a moderate rise in the forecast period 2018 to 2028, according to a new Fact.MR study.
The study propounds key trends that are currently shaping growth of the dry van container market.
This newly published and insightful report sheds light on key dynamics, which are expected to transform future of the dry van container market, in turn creating lucrative avenues for prominent companies as well as emerging players associated with the manufacturing of dry van containers.
The dry van container market study is an intricate market intelligence on key revenue growth determinants, challenges, industry trends, and opportunities, which will eventually influence growth trajectory of the dry van container market.
The report initially imparts an overview of the dry van container market, considering current and future logistics and transportation industry prospects, to unveil attractive facets appertaining to adoption of dry van containers across key regional markets.
An in-depth assessment on few of the dry van container suppliers offered in the report enables the report readers to gain detailed insights that are derived from the dry van container supply chain analysis, business performance, and value chain analysis across the regional markets incorporated in the report.
A list of key companies operating in the dry van container market provided in the report adds to the credibility of this exhaustive research study.
Dry Van Container Market: Report Synopsis and Scope
The study offers a detailed intelligence on different factors influencing demand, sales, and revenue generation in the dry van container market around the world.
The technology roadmap included in the report is beneficial for the readers to better understand advancements being made in the logistics and transportation sector, which will in turn trigger adoption of the dry van container.
An elaborated cost structure analysis provides the report with an innate completeness, and analysis offered on the cost structure involves all the regional markets incorporated.
A detailed forecast on the dry van container market has also been offered by the analysts, who have categorized the market forecasts in terms of a likely scenario, conservative scenario, and an optimistic scenario regarding production and sales of the dry van container during the period of forecast.
Analysis and assessment on price point on the basis of region, and different types of dry van containers have been included in this study. The study also exerts details on aspects impacting pricing strategies of the manufacturers of dry van container.
Dry Van Container Market: Analysis on Market Size Evaluation
Current and future prospects of the dry van container market, containing current as well as future projected values, volume forecast, price index, and analysis on region-wise demand trends have been incorporated in the report.
Assessment offered on the aforementioned factors is comprehensive, and dedicated weighted chapters have been delivered on the same.
Market valuation at global and regional scale for the dry van container is offered in terms of “US$ Mn”, while the volume data has been delivered in terms of number of dry van container manufactured and sold across the globe.
A Y-o-Y growth comparison on key dry van container market segments, along with the market attractiveness assessment quantifies insights delivered in the report. Aforementioned metrics are also tracked based on size of dry van container, and material used for production of dry van container.
Dry Van Container Market: In-depth Analysis on Competitive Landscape
The report concludes with a weighted chapter on the competition landscape of the dry van container market, which profiles key companies contributing to the market expansion.
Up-to-date and important data as well as knowledge related to the market players, who predominantly engage in production and distribution of the dry van container, has been delivered with the help of a dashboard view.
Market share comparison and analysis on these market players offered in the report enables the report readers to devise strategic steps forward for their businesses.
Company profiles are also incorporated in the report, which exert details such as manufacturing of dry van container, along with a comprehensive SWOT analysis on each player identified.
The intensity mapping of the market players operating in the dry van container market provides readers with actionable intelligence, which helps in understanding current market status, and prospects determining competition levels in dry van container market.
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Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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