Global Intermodal Container Chassis Market Size To Exceed USD 2.335 Billion By 2033 | CAGR Of 4.46%
Category: Automotive & TransportationGlobal Intermodal Container Chassis Market Size To Exceed USD 2.335 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Intermodal Container Chassis Market Size is expected to Grow from USD 1.51 Billion in 2023 to USD 2.335 Billion by 2033, at a CAGR of 4.46% during the forecast period 2023-2033.
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Browse key industry insights spread across 200 pages with 100 Market data tables and figures & charts from the report on the “Global Intermodal Container Chassis Market Size, Share, and COVID-19 Impact Analysis By Product Type (Fixed Chassis, Extendable Chassis, Tank Chassis, and Others), By Application (Logistics, Shipping, Transportation, and Others), By Material (Steel, Aluminum, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/intermodal-container-chassis-market
The intermodal container chassis market refers to a wheeled trailer frame employed to transport shipping containers on the road. It facilitates the easy transfer of containers from ships, trains, and trucks. Built for standard container dimensions, it is crucial for effective, flexible, and affordable intermodal transport. The market for intermodal container chassis is the growth of international trade and the rising amount of international shipping. The expansion of e-commerce and supply chain globalization is fueling the need for effective and dependable transportation solutions. Furthermore, intermodal container chassis are essential in enabling the smooth transfer of goods from one mode of transportation to another, enabling the growth of international trade. The growth of international shipping lanes and the creation of new trade agreements offer great opportunities for expansion in the intermodal container chassis market. Moreover, the Intermodal Container Chassis Market is supplemented by the country's widespread trading relationships and requirements for hassle-free and efficient transport of containers. The governments across the Asia Pacific region have invested in infrastructure programs to develop the transportation network, such as ports, roadways, railroads, and intermodal facilities. Infrastructure growth has a direct positive effect on the Intermodal Container Chassis Market through increasing connectivity and supporting the easy movement of containers. However, the incorporation of sophisticated technologies like telematics and GPS tracking systems into intermodal container chassis can raise their price, which poses a threat to market growth.
The fixed chassis accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on product type, the intermodal container chassis market is segmented into fixed chassis, extendable chassis, tank chassis, and others. Among these, the fixed chassis segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by the growing demand for standard and reliable means of transportation. Stability and convenience offered through fixed chassis make them the first choice for most end-users.
The logistics segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on application, the global intermodal container chassis market is divided into retail, food and beverage, healthcare, logistics, and others. Among these, the logistics segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to heightened world trade, the expansion of e-commerce, and heightened dependence on third-party logistics (3PL) services.
The steel segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on material, the global intermodal container chassis market is categorized into steel, aluminum, and others. Among these, the steel segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to the extensive application of steel in intermodal container chassis manufacturing is anticipated to persist due to its advantageous characteristics and cost benefits.
Asia-Pacific is expected to hold the majority share of the global intermodal container chassis market during the forecast period.
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Asia-Pacific is expected to hold the majority share of the global intermodal container chassis market during the forecast period. Asia-Pacific dominates the rising awareness of the growth of manufacturing bases, and rising trade activities in the region significantly add to the development of the market.
North America is anticipated to grow at the fastest pace in the global intermodal container chassis market during the forecast period. The market is driven by the presence of large shipping and logistics firms, along with the rising amount of international trade, which fuels the demand for intermodal container chassis in North America.
Major vendors in the global intermodal container chassis market are CIMC Vehicles Group Ltd., Hyundai Translead, Cheetah Chassis Corporation, Stoughton Trailers, LLC, Schmitz Cargobull AG, Dorsey Trailer, Manac Inc., Triton International Limited, Direct ChassisLink Inc. (DCLI), Flexi-Van Leasing, Inc., Great Dane LLC, Pioneer Chassis, LBT Inc., Chassis King, Inc., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In April 2024, BRIDGMAN, Pratt Industries, a leader in intermodal chassis manufacturing, creators of the industry's first 20/40 combination chassis, launched its Super Lightweight 412 (GSL 412). The latest in a five-decade tradition of groundbreaking intermodal chassis, the GSL 412 is being launched as the company celebrates its 50th anniversary.
Global Intermodal Container Chassis Market, By Product Type
- Fixed Chassis
- Extendable Chassis
- Tank Chassis
- Others
Global Intermodal Container Chassis Market, By Application
- Logistics
- Shipping
- Transportation
- Others
Global Intermodal Container Chassis Market, By Material
- Steel
- Aluminum
- Others
Global Intermodal Container Chassis Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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