Dry van containers are general purpose containers that are utilized for shipment of goods and products. They are extensively employed in logistics and cargo shipment industries. They are available in a wide range of sizes, volumes, and capacities owing to their applications. In the automotive industry, the dry van container is used to transfer an automobile and its components from one place to another without causing damage to the product. Apart from marine cargo, the dry van container can also be attached to trucks, thereby providing ease in shipment of products and goods from one place to another.
Rise in trade policies and regulations around the world is projected to boost the adoption of dry van containers in order to fulfill the demand and timeline of trade. This is a key reason that is expected to the augment the dry van container market during the forecast period. Increase in demand-supply scenario of manufacturing and construction industries across the globe is likely to propel the demand for dry van containers. This is because the dry van container is the most commonly used container and is an integral part of the shipment industry. This, in turn, is anticipated to drive the dry van container market during the forecast period. Furthermore, the dry van container is available in various dimensions and is a reusable container, which is estimated to boost the market during the forecast period. However, higher cost of the container coupled with easy availability of other storage containers, such as flat track containers and tunnel containers, are projected to hamper the dry van container market during the forecast period. Additionally, increase in number of lease and rent services of containers for logistics and shipment industries is likely to offer lucrative opportunities to the dry van container market during the forecast period.
The global dry van container market can segmented based on dimension, ownership, application, and region. Based on dimension, the dry van container market can be spilt into 20 feet, 40 feet, and others. Among dimension, the 20 feet segment accounts for a prominent share of the market. This is due to extensive usage of 20 feet containers to transport and store general cargo.
In terms of ownership, the dry van container market can be divided into personal and lease service. Lease service is a rapidly expanding segment of the dry van container market. This is primarily attributed to the higher cost of the dry van container. Lease service offers a contract between the owner and the user. This is likely to fuel the dry van container market during the forecast period.
In terms of application, the dry van container market can be bifurcated into automotive, cargo shipment, transportation and logistics, aviation, and others. The cargo shipment segment leads the dry van container market and is projected to remain a dominant segment during the forecast period. Rise in trade across regions is a major factor boosting the segment of the market, since it offers transfer of products and goods at an economical rate.
Based on region, the dry van container market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific leads the global dry van container market. Massive trading in the region via the sea route by countries such as China, India, Japan, Australia, and South Korea, is a major factor driving the adoption of dry van containers in the region. Furthermore, the establishment of new trade policies and standards are likely to boost the dry van container market in the region. Progression and expansion of construction, logistics, automotive, and other manufacturing industries in the region are also anticipated to boost the adoption of dry van containers in Asia Pacific region during the forecast period.
Major players operating in the global dry van container market include ZIM Integrated Shipping Services Ltd., China International Marine Containers Co., Ltd., Alconet Containers, LOTUS Containers, Singamas Container Holdings Limited., Maritime Cargo Services, Aqua Air Enterprises, The Maersk Group, and Hapag-Lloyd AG.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.