PUBLISHER: The Business Research Company | PRODUCT CODE: 1662960
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662960
A container fleet, in the context of cargo logistics, is a fleet that utilizes containerization for the transportation of its cargo, employing larger-sized intermodal containers. Containerization involves the use of standardized containers to store and transport various items, akin to boxes or bottles.
The primary types of container fleets include dry containers, reefer containers, tank containers, special containers, and others. Dry containers are conventional shipping or cargo containers designed to transport dry, non-temperature-sensitive shipments. These containers find various applications in the transport of consumer goods, industrial materials, and food. They serve industries such as automotive, mining and minerals, oil and gas, chemicals, as well as food and agriculture, and are integral to the retail sector.
The container fleet market research report is one of a series of new reports from The Business Research Company that provides container fleet market statistics, including container fleet industry global market size, regional shares, competitors with container fleet market share, detailed container fleet market segments, market trends, and opportunities, and any further data you may need to thrive in the container fleet industry. This container fleet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The container fleet market size has grown strongly in recent years. It will grow from $13.66 billion in 2024 to $14.6 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to economic growth in emerging markets, larger vessels and mega container ships, infrastructure development at ports, globalization of supply chains, containerization trends.
The container fleet market size is expected to see strong growth in the next few years. It will grow to $19.67 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to e-commerce growth, resilience and supply chain optimization, shift in manufacturing centers, environmental sustainability, capacity and container shortages. Major trends in the forecast period include rise of intermodal transportation, technological integration for container tracking, focus on environmental sustainability, growing demand for reefer containers, automation and smart containers, digitalization of documentation processes.
The escalating demand for cargo transportation via ships is poised to drive the expansion of the container fleet market in the foreseeable future. Cargo transportation, synonymous with freight transportation, involves conveying products or commodities from one location to another, often swiftly transporting substantial amounts of goods to their destinations. Consequently, the burgeoning cargo transportation industry is anticipated to surge, fostering an increased need for container fleets. For instance, in November 2022, as per the U.S. Department of Transportation's Bureau of Transportation Statistics (BTS), long-term projections indicate a fifty percent surge in U.S. freight activity to 28.7 billion tons, doubling in value. Therefore, the mounting reliance on ship-based cargo transportation is a primary catalyst for the burgeoning demand within the container fleet market.
Rapid industrial growth is expected to serve as a propellant for the expansion of the container fleet market in the near future. The industrial sector encompasses distinct categories or groups of businesses involved in similar economic activities or providing related goods and services. These industries extensively employ container fleets to optimize and streamline goods transportation, enhancing efficiency, scalability, and cost-effectiveness by standardizing cargo units for seamless global shipping and logistics. For instance, in August 2023, according to Eurostat, the statistical office of the European Union (EU), industrial production within the euro area and the EU increased by 0.5% and 0.4%, respectively, in June 2023 compared to May 2023. Therefore, the swift pace of industrial expansion is expected to propel growth within the container fleet market.
Technological innovation emerges as a prominent trend shaping the container fleet market. Companies operating in this sector are actively embracing new technologies to fortify their market standing. For example, in November 2022, the American Bureau of Shipping (ABS) Group, a U.S.-based project management service company, launched ABS Wavesight, a new maritime software aimed at assisting shipowners and operators in streamlining compliance while sustaining competitive, efficient, and sustainable operations. Combining the industry-leading platforms Nautical Systems and My Digital Fleet, both installed on over 5,000 vessels globally, ABS Wavesight features flagship products such as My Digital Fleet-an AI-driven analytics and performance visualization platform-and Nautical Systems-a comprehensive fleet management system offering tools to enhance reliability and performance.
Leading companies within the container fleet market are directing their focus toward product innovations, notably the introduction of container fleets powered by bio-methanol, as a pivotal aspect of their strategic initiatives towards investing in green methanol. Container fleets running on bio-methanol play a significant role in fostering a sustainable and environmentally conscious shipping industry by curbing carbon emissions and reducing dependence on conventional fossil fuels. For instance, in November 2022, Maersk, a Denmark-based shipping and logistics firm, unveiled the world's premier container ship powered by bio-methanol, christened as the 'Laura.' This groundbreaking development signifies a substantial stride in the company's endeavors to diminish its carbon footprint. The vessel is outfitted with a dual-fuel engine and has the capacity to transport 2,136 containers measuring 20 feet each.
In March 2022, Hapag-Lloyd, a Germany-based shipping corporation, executed the acquisition of Deutsche Afrika-container Linien (DAL) for an undisclosed sum. This strategic acquisition of Deutsche Afrika-container Linien (DAL) is expected to significantly bolster Hapag-Lloyd's expansion initiatives in Africa. Deutsche Afrika-container Linien (DAL) operates as a container fleet service provider based in Germany. This acquisition stands to enhance Hapag-Lloyd's operational capacities and market presence in the African shipping landscape.
Major companies operating in the container fleet market include Mitsui O.S.K. Lines Ltd., Evergreen Marine Corporation S.A., Mediterranean Shipping Company S.A., HYUNDAI Merchant Marine Co. Ltd., China Ocean Shipping (Group) Company, CMA CGM S.A., Kawasaki Kisen Kaisha Ltd., Westfal-Larsen Shipping A/S, Hapag-Lloyd Aktiengesellschaft, A.P. Moller - Maersk A/S, China COSCO Shipping Corporation Limited, Nippon Yusen Kabushiki Kaisha (NYK Line), China International Marine Containers (Group) Co. Ltd., China Shipping Container Lines Co. Ltd., Yang Ming Marine Transport Corporation, ZIM Integrated Shipping Services Ltd., Hamburg Sudamerikanische Dampfschiffahrts-Gesellschaft KG, Orient Overseas Container Line Limited, Wan Hai Lines Co. Ltd., Pacific International Lines Pte. Ltd., Sinotrans Limited, SITC International Holdings Co. Ltd., Islamic Republic of Iran Shipping Lines, Arkas Container Transport S.A., NileDutch B.V., Seaco Global Limited, Textainer Group Holdings Limited, Matson Navigation Company Inc., Seaspan Corporation
Asia-Pacific was the largest region in the container fleet market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the container fleet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the container fleet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The container fleet market includes revenue earned by entities by providing integrated fleet sizzling, leasing, distribution, and repositioning. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Container Fleet Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on container fleet market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for container fleet ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The container fleet market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.