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Container Shipping Market Share, Size, Key Players, Research and
Forecasts to 2025 | Hexa Research
“ The global container shipping market is estimated to exhibit a steady
growth over the forecast period.”
28 December 2018
The global container shipping market is estimated to exhibit a steady growth over the forecast period owing
to increasing number of manufacturing units and factories in developed as well as developing regions.
Container shipping makes use of multi-sized vessels, including 20, 40, 45, 48, and 53 feet for the
transportation of goods from one place to another. Twenty-foot Equivalent Unit (TEU) and Forty-foot
Equivalent Units (FEU) are the most widely used container sizes. The type and size of these containers comply
with regulations set by the International Organization of Standardization (ISO) for easy transportation
through trains, trucks, cranes, and ships. The most commonly used type is special or dry cargo, which can
further include half-height, open side, open top, open end, flat rack, liquid bulk, modular, and refrigerated.
Flat racks are used for boats, vehicles, and industrial equipment. Open side vessels are employed for
transportation of vegetables, whereas open top are utilized for easy loading of odd-sized machineries and
goods.
Moreover, rising demand for transportation services across the globe is also likely to drive the market over
the coming years. On the other hand, growing shipping freight may pose a challenge for the global market.
However, revolutionizing IT sector and growing usage of automation solutions in container transfer processes
at ports, such as ship to shore operations of APM terminals at Rotterdam and the TraPac terminal in LA, are
projected to support the industry growth. Furthermore, growing number of mergers and acquisitions
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