Dry Van Container Market: Dwindling Oil Prices to Trigger Growth

Posted on 2019-06-18 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Jun-18 — /EPR Network/ —

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.

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.

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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.

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Dry Van Container Market: Dwindling Oil Prices to Trigger Growth

Sharp decline in oil prices on back of changing global scenario is expected to support the growth of the shipping industry, in turn pushing the demand for dry van containers. That said, the production of fuel is expected to increase in the coming years, paving new opportunities of growth for dry van container. For instance, U.S Energy Information Administration (EIA) estimated that the production of fuel is expected to touch 10.7 million barrels per day, the highest production registered in US history. This increased the reliance of manufacturers on shipping industry for transportation of products. As a consequence, declining oil prices coupled with growing shipping industry is expected to fuel the demand for dry van container during the forecast period.

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.

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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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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