The Growing Container Fleet Market is driven by Expansion of Global Trade
The container fleet market involves the transportation of goods in standardized steel intermodal containers by ship, rail and truck. Containers allow for efficient handling and security of cargo as they can be loaded and sealed intact, directly from the source, and delivered to the recipient. Container ships carry these sealed units packed tightly on container cell guides with little space for additional cargo. The market is characterized by the ownership and leasing of ocean-going container ships and associated intermodal equipment by different carriers and shipping lines.
The container fleet market is estimated to be valued at USD 13.36 Billion in 2024 and is expected to reach USD 19.7 Billion by 2031, growing at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
Growing international trade volumes especially between Asia and North America/Europe have stimulated demand for Container Fleet Market. Increased outsourcing of manufacturing and a rising middle class in developing nations wanting imported consumer goods have supported trade growth.
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