ISO Container Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of ISO Container Market
The ISO container market size was valued at USD 737.9 billion in 2023, and the market is now projected to grow from USD 801.5 billion in 2024 to USD 1499.2 billion by 2032, exhibiting a CAGR of 9.4% during the forecast period of 2024-2032.
The increasing demand of the particular product was anticipated in the Covid duration due to factors such as augmented sales in the e-commerce and healthcare sectors. These factors affceted the ISO container market growth.
The global market has witnessed a sharp rise in the use of gas and crude oil. With each year that goes by, the total output reaches never-before-seen levels. According to our analysis, production will continue to exceed real need in the upcoming years. However, the quantity of active wells is decreasing as output increases. These particular growth driving factors have been recorded to attribute the ISO container market share.
To increase productivity and encourage corporate growth, every industry vertical is converting to a digital platform and introducing industrial automation. The digital form of company largely relies on technologies like 5G network, IoT, cloud computing, and artificial intelligence. To put it succinctly, modern, fashionable technical breakthroughs have stimulated this specific market.
Comprehensive Analysis of ISO Container Market
The market is divided into three categories: road, rail, and marine. The market is split into types of containers: lined tanks, reefer tanks, swap body tanks, gas & cryogenic tanks, and multi-compartment tanks. Industrial gas, petrochemicals, food and beverage, chemicals, pharmaceuticals, and others, including paints, are the market segments based on end-use industries.
The Asia Pacific area dominated the regional industry and will maintain its significant market share in the years to come. China is the country that produces the most ISO containers worldwide, accounting for the majority of global production. India has begun producing its own containers in an effort to lessen its reliance on Chinese traders, which has caused Chinese container manufacture to lose ground on the international market in recent years.
With several companies operating on a worldwide scale and domestic firms holding significant market share in some regions, the market is recognized as being extremely competitive. A few of the leading companies in the market include HOYER GmbH (Taiwan), Bulkhaul Limited (U.K.), Bertschi AG (Switzerland), and Intermodal Tank Transport (U.S.).
In December 2022, ValuePark Terneuzen now offers 22,000 square meters more space for the multimodal transport and storage facilities operated by the Bertschi Group.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 9.4% from 2023 to 2030
Unit Value (Thousand units )
Segmentation By Transport Mode
Road
Rail
Marine
By Container Type
Multi-Compartment Tank
Lined Tank
Reefer Tank
Cryogenic & Gas Tanks
Swap Body Tank
By End-use Industry
Chemicals
Petrochemicals
Food & Beverage
Pharmaceuticals
Industrial Gas
Others (Paints)
By Region
North America (By Transport Mode, By Container Type, By End-use Industry, By Country)
U.S. (By Transport Mode)
Canada (By Transport Mode)
Europe (By Transport Mode, By Container Type, By End-use Industry, By Country)
U.K. (By Transport Mode)
Germany (By Transport Mode)
France (By Transport Mode)
Italy (By Transport Mode)
Spain (By Transport Mode)
Rest of Europe
Asia Pacific (By Transport Mode, By Container Type, By End-use Industry, By Country)
China (By Transport Mode)
India (By Transport Mode)
Japan (By Transport Mode)
Southeast Asia (By Transport Mode)
Rest of Asia Pacific
Middle East & Africa (By Transport Mode, By Container Type, By End-use Industry, By Country)
GCC (By Transport Mode)
South Africa (By Transport Mode)
Rest of the Middle East & Africa
Latin America (By Transport Mode, By Container Type, By End-use Industry, By Country)
Brazil (By Transport Mode)
Mexico (By Transport Mode)
Rest of Latin America
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