Container Leasing Market - Segmentation Analysis and Growth Opportunity Assessment by Technavio
According to the latest market study released by Technavio,
the global container leasing market is expected to grow at a CAGR of
more than 16% during the predicted period.
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Technavio has published a new report on the global container leasing market from 2017-2021. (Graphic: Business Wire)
This research report titled ‘Global
Container Leasing Market 2017-2021’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.
Despite the instability in the monetary, fiscal, and other economic
policies, the global trade is expected to expand by around 2.5% in 2017
and 2.9% in 2018. The rise in the expansion of the global trade will
increase the demand for global container requirement. This is because by
2016 around 46% of the global containers were under the control of
lessors. The share of the global container lessors in the global
container market has increased by 2% from the previous year, in 2016.
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Technavio’s analysts categorize the global container
leasing market into four major segments by types of container. They
are:
-
Dry containers
-
Reefer containers
-
Tank container
-
Special container
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The top three segments based on types of containers for the global
container leasing market are discussed below:
Global container leasing market by dry containers
The volume of the container demand is proportional to the growth in the
volume of global trade. China and India are the two major countries
contributing to the growth in the demand for dry containers in import
and export activities. Since China and India hold around 30% of the
world's population, the requirement for commodities is greater in these
countries. This requirement is expected to trigger the growth of the dry
container leasing in China and India.
According to Sharan Raj, a lead transportation
and distribution research analyst from Technavio, “The major
exporters of food grains are Australia, Russia, and Ukraine. Egypt
emerged as one of the global largest importers of wheat of around 12
million tons in 2016. The global demands for agricultural products are
expected to increase the overall leasing order for the global dry
container market. Besides agricultural products, the demand for dry
container leasing is also substantial in other goods manufacturing
industries such as textile, electronic goods, and home appliances.”
Global container leasing market by reefer containers
The wholesale and distribution market for the pharmaceutical is expected
to grow at a CAGR of 6% between 2015 and 2020. North America dominated
the pharmaceutical wholesale and distribution in 2016, followed by APAC.
The global pharmaceutical wholesale and distribution network includes
hospitals, clinics, government healthcare centers and pharmacies.
“The vaccine market across the globe is expected to grow at a CAGR of
9% during the forecast period. Rising investment in vaccine development
by the government and non-government bodies is the major driver for the
growth of global vaccine market. High government funding for the
research and development of immunization vaccines in North America
contributes significantly to the global vaccine market,” says Sharan.
Global container leasing market by tank containers
The US is the highest growth contributor to the crude oil consumption in
North America. In APAC, China and India are the largest crude oil
consumers. The major demand for crude oil in China and India arises from
the consumption of jet fuels, hydrocarbons, and gasoline. The equivalent
growth in the demand and supply of crude oil is expected to influence
the requirements of efficient and cost-effective transportation to raise
the profit margin of crude oil suppliers.
The rise in tanker carrier railcar simultaneously increases the number
of tanker container leasing agreement in the US. By considering the
market scenario, it is noted that the global container leasing market by
tank container is expected to grow at a CAGR of 14.87% during the
forecast period.
The top vendors highlighted by Technavio’s research analysts in this
report are:
-
China COSCO Shipping
-
Seaco
-
Textainer
-
Triton International
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