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New Study from StrategyR Highlights a $12 Billion Global Market for Container Fleet by 2026
SAN FRANCISCO, Oct. 13, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Container Fleet - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 432
Companies: 41 - Players covered include A.P. Moller - Maersk A/S; China Ocean Shipping (Group) Company (COSCO); Cma Cgm S.A; Evergreen Marine Corp. (Taiwan) Ltd.; Hapag-Lloyd AG; HYUNDAI Merchant Marine Co., Ltd.; Kawasaki Kisen Kaisha, Ltd.; Mitsui O.S.K. Lines, Ltd.; MSC - Mediterranean Shipping Agency AG; Westfal-Larsen group and Others.
Coverage: All major geographies and key segments
Segments: Segment (Dry Container Fleet, Reefer Container Fleet, Tank Container Fleet)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Container Fleet Market to Reach $12 Billion by 2026
Amid the COVID-19 crisis, the global market for Container Fleet estimated at US$9.1 Billion in the year 2020, is projected to reach a revised size of US$12 Billion by 2026, growing at a CAGR of 4.6% over the analysis period. Dry Container Fleet, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$8.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Reefer Container Fleet segment is readjusted to a revised 5.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.6 Billion in 2021, While China is Forecast to Reach $2.4 Billion by 2026
The Container Fleet market in the U.S. is estimated at US$2.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2026 trailing a CAGR of 7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
Tank Container Fleet Segment to Reach US$1.8 Billion by the year 2026
In the global Tank Container Fleet segment, USA, Canada, Japan, China and Europe will drive the 4.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1 Billion in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
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