The dry van container market is awash with assets. A wide majority of these assets have become disconnected, thereby entailing challenges apropos of issues associated with their performance and relevant operations. Dry van container integrated with machine-to-machine (M2M) technology, which provide real-time intelligence on their location and status, is becoming the new norm in the logistics and transportation industry. A new analytical research study of Fact.MR envisages the dry van container market to record a modest 3.5% volume CAGR over the forecast period 2018 to 2028.
Remote container management is cutting down on requirement for inspections of manual equipment across the value chain. This is further helping to curtail cost of dry van container as well as shipping as a whole – a crucial consideration is the current straitened shipping climate. Remote management of dry van containers significantly aids in reducing risks of data collection-associated human errors.
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Leading manufacturers are increasingly diverting resources to build sturdy dry vans with improved resilience and state-of-the-art cargo securement dynamics. The interior is built with stainless steel for improved load bearing capacity and extended lifespan. However, aluminum remains the obvious choice for external walls and improved light weight structure. Other features such as tall bottom rail and support leg bracing enable additional durability along with high payload floor system for customized operations and improved functionality. Factors as such are likely to keep growth pace agile in dry van container market, allowing notable players to sustain their lead amidst stiffening competition.
To sustain lead amidst rapidly growing competition, leading market player Stick Trailers has recently unrolled its dry van container offering, reinforced with composites for optimized light weight strength, improved lifespan, and minimal maintenance costs. The company unrolled its latest offerings at TMC’s Annual Meetings and Transportation Technology Exhibition in Atlanta which is expected to bolster regional and local delivery besides international ones, aided by improved functionalities such as insulation package, and e-track system.
Dry Van Container Market: Overview
The dry van container market has been analyzed in detail to offer definitive forecast insights on the market for the period 2018-28. This report is an exhaustive compilation of a detailed overview of dry van container market and analyzes the market in terms of market dynamics, macro and micro-economic determinants that shape market growth, also shedding light on other relevant factors that direct future prospects of the market trajectory.
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Dry Van Container Market: Steel to Bounce Upwards
Steel has been a preferred choice for manufacturing of dry van container, given the various benefits associated with the material. Apart from high durability, steel pricing plays an important role, as it is cheaper as compared to aluminum. This factor pushed its demand as a beneficial material for containers used in transportation or logistics.
Dry Van Container Market: Rising Seaborne Trade to Pave Growth Opportunities
Stability from an economic standpoint across regions has facilitated favorable environment for international trade. That said, globalization and industrialization are the prime fillips fuelling expansion of seaborne trade. According to ICS (International Chamber of Shipping), seaborne trade accounts for more than 90 percent of the global overseas trade. This has translated into a significant increase in development of large ships with a high container capacity. In response, dry van container manufacturing is expected to further accelerate to cater to the growing demand. This factor remains a key growth determinant for dry van container market in the forthcoming years.
Dry Van Container Market: Competition Landscape
This section of the report offers a detailed section on key contributors in dry van container market. A dashboard view of each of the mentioned profiles complete with detailed insights on their respective SWOT analysis along with detailed assessment of their product portfolio, market contribution, as well as recent developments have been slated to aid readers’ understanding about the competition spectrum.
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