Container Chassis Market 2020 Shares, Strategy, Opportunities And Forecasts To 2026
Category: #business  By Ashwin Naphade  Date: 2020-02-21
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Container Chassis Market 2020 Shares, Strategy, Opportunities And Forecasts To 2026

Global container chassis market report offers a strategic analysis of industry trends, growth opportunities, and restraining factors with prime focus on applications, companies, regions, and products. According to credible estimates, the global container chassis market is expected to register substantial growth by the year 2026. Rapid expansion of manufacturing and industrial sector coupled with booming shipping industry owing to rising seaborne trade are major factors driving the container chassis market growth. Booming e-commerce sector along with flourishing logistics and supply chain industry are fostering the demand for container chassis across the globe.

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Container transportation is a low cost and a fast means for shipping bulk goods across substantial distance. Various types of container chassis are available that provide versatility, flexibility, and durability. Moreover, this equipment uses less material during manufacturing and hence has low material cost. Thus, aforementioned factors are stimulating the industry outlook. Surging need for a truck chassis that is capable of heavy containers without offloading and loading issues is further aiding the market expansion. However, container transportation is susceptible to illicit trade activities, theft & losses, repositioning, stacking, site constraints, and is immensely capital intensive, which in turn may hinder the container chassis market growth in the coming years.

As per product, the container chassis market is classified into:

  • 20-foot container chassis
  • 40-foot container chassis
  • others segment.

The 20 foot container chassis market segment is expected to register substantial growth during the forecast period. 20 foot containers are developed to carry more weight than voluminous cargo. Moreover, they are easy to transport and offer flexibility, which is fueling the segmental growth.

Based on the application spectrum, the container chassis market is bifurcated into:

  • Factory
  • Port and others segments.

The port applications of container chassis are presumed to expand significantly during the estimated timeframe. Increasing seaborne trade activities and rapid expansion of shipping industry has led to rising adoption of containers, which in turn is facilitating the business scenario. Moreover, increasing number of ports, due to rapid globalization and industrialization, are propelling the growth of the market.

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Regional analysis

The container chassis market is divided into Europe, North America, Latin America, and Asia-Pacific region. The North America container chassis industry is predicted to acquire significant gains in the forthcoming years. The logistics and supply chain industry in North America has witnessed robust growth over the years, owing to growing e-commerce industry, which has acted as a positive trend for the adoption of containers across the region. Additionally, various industries prefer using containers for transportation of goods since it is an easy, safe, and cheap way of transport, thereby augmenting the regional demand for container chassis.

Prominent players in the market

Hyundai Transled, Titan Trailer, Kogel, Krone, Buiscar Cargo Solutions, Houcon Group, Cheetah Chassis, PRATT Industries Inc., China SinoTrailers, Schmitz Cargobull, Wabash National, and CIMC are the prominent companies operating in the container chassis market. Various market majors are focusing on developing innovative container chassis solutions in order to gain a competitive edge in the market.

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Related Report:

Global Automobile Chassis Material Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

The automobile chassis is composed of drive system, driving system, steering system and braking system.The chassis role is to support, install the automobile engine and its components, assembly, forming the overall shape of the automobile, and accept the power of the engine, make the automobile produce movement, ensure the normal running.

https://www.marketstudyreport.com/reports/global-automobile-chassis-material-market-2019-by-manufacturers-regions-type-and-application-forecast-to-2024?utm_source=itresrch&utm_medium=TS

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About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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