Container Leasing Market Size, Share, Growth, And Industry Analysis, By Type (Dry Containers, Reefer Containers, Other Containers), By Application Food Transport, Consumer Goods Transport, Industrial Product Transport, And Other), Regional Forecast From 2022 to 2028

Updated On: 22 April 2024

Container Leasing Market Report Overview

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The global container leasing market size 6290 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with the container leasing market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate substantial revenue by 2028, exhibiting a CAGR of 4.3% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The world has understood the importance of the container leasing market. To get a clean place where one can keep their belongings, people buy Container leasing.  Container leases are used for bringing convenience as well as efficiency to trade activities. The container leasing market has become one of the necessary elements in any trade activity. Goods that are transported through roadways, railways, or marine routes all can be kept in these containers which are taken by the manufacturers on lease. 

The container leasing market is a significant part of the global transportation market. The market makes the process of transportation of goods from the place where it is available to the place where it is required. The container leasing market is growing because there has been a rise in the number of trade activities post-pandemic along with that there has been an increase in the number of industries in various regions that promote imports and export of goods.

COVID-19 Impact: Faced A Negative Trend Due to Fall in Production

There was not a single sector that was unaffected by COVID-19. The Container leasing market was disturbed as well. The world was at a halt because of the COVID-19 pandemic. Everyone rushed to their homes and hence there was a deficiency of labor. Along with insufficient labor supply, the regulations were also not encouraging.  As a consequence, there was a fall in demand as well. But there was a rise in demand post-pandemic because of the rise in import and export activities across the globe. 

Latest Trends

"To Boost the Cargo Trade, Sea Cube Containers Are Made "

The container leasing market is as dynamic as any other market. Recently there has been an innovation introduced in the market. Sea Cube Containers has become the new face of the cargo container market. Sea Cube Containers are made to ease the transportation of goods that are required to be refrigerated during the entire shipping process. It is an innovative cold chain container that has been brought into the market. 

Container Leasing Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into dry containers, reefer containers, and other containers.

 In terms of services, dry containers are the largest segment, as it holds the maximum Container leasing market share.

• By Application Analysis

Based on application, the market can be divided into food transport, consumer goods transport, industrial product transport, and others.

In terms of application, food transport is the leading application segment.

Driving Factors

"Propelling Development of Intermodal Freight Transportation Influences the Demand in The Market  "

Intermodal freight transportation climates the need for the shipment inside the containers to not be taken or opened in transit. The fact that goods can be transported from one place to another safely has increased the demand for intermodal freight transportation. For the movement of cargo, roadways, railways, sea routes, and airways are used. Nearly all the containers are made with identical specific measurements and have equivalent handling characteristics, which makes it effortless and timely for manufacturers to transit the goods in intermodal freight transportation. Therefore, with the rise in the demand for intermodal freight, there is a simultaneous rise in the container leasing market growth as well. 

"Rising Number of Seaborne Trade Has Increased the Demand in the Market"

Economy and trade are the factors on which the entire seaborne trade across the world works.  If the number of trade activities is increased along with improvement in the economic output. Then, this will improve the growth in global seaborne trade, which depends on the usage of containers for the transportation of goods. Containers are usually taken on lease by the consumers so that they can get low cost of transportation particularly when the volume of goods to be transported is low. 

Restraining Factors

"Fluctuating Prices Lead to A Declining Trend in The Market "

The manufacturers instead of buying a container indeed prefer to take it on lease. But if the cost of leasing the container will keep on fluctuating the manufacturers will be demotivated to spend their money on leasing the container. Container leasing rates usually rely on the cost that is spent of the steel that is employed for manufacturing shipping containers. Due to the pandemic that the world faced, there has been inflation and this has negatively affected the container leasing market as well. 

Container Leasing Market Regional Insights

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"Asia-Pacific Region Dominates the Market Due to The Increasing Number of Industries"

Asia- Pacific region holds the dominant Container leasing market share in the global market. This is because of various factors. One of the primary factors is that this region shows an increase in the number of industries. There has been a substantial increase in the demand for dry containers by the countries in this region. There has been a high demand for various products like textiles, agricultural, manufactural, non-perishable, and electronic goods by the heavy population of the countries in this region. This is why the demand of these goods exceeds the supply which creates trade opportunities. When there will be more trade there will be a positive impact on the demand in the container leasing market. 

Key Industry Players

"Key Players Focus On Innovations and Collaborations "

The key players have noted the rise in the trade activities across the globe and therefore they have started working on the development of container leasing. The more the availability of the container leasing facility will be, the easier the transit process of goods and services will become. The increasing will of people to spend more on leasing the containers has also influenced the companies to collaborate to earn more revenue as well as dominance in the market.    

List of Market Players Profiled

• Triton International
• Florens
• Textainer
• Seaco
• Beacon Intermodal Leasing
• SeaCube Container Leasing
• CAI International
• Touax
• UES International (HK) Holdings
• Blue Sky Intermodal
• CARU Containers
• Raffles Lease

Report Coverage

The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others.

Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.