dry van container market

Increase in international and seaborne trade are primarily responsible to increase dry van container’s adoption. Manufacturers are leveraging advanced technologies to innovate manufacturing processes for dry van containers. These innovative processes are dedicated to prolong the dry van container’s service period along with its efficiency to transport material in bulk. Enclosed trailers are highly sought after in the market and have increased the adoption rate. Latest Fact.MR report predicts the global dry van container market to grow at 2.8% CAGR during the forecast period 2018-2028. It also states that emerging economies in Asia Pacific will generate maximum sales in the coming future. Other prominent regions that are anticipated to generate sales in market are North America and Europe.

Manufacturers prefer steel for manufacturing dry van containers owing to its positive attributes like durability. Its price is also vital in its increased prominence as it is cheaper than aluminum. Steel gets the major demand from transportation and logistics industry. However, aluminum is the material that is gaining traction recently on the backdrop of its positive attributes like high strength, magnetic resistance, malleability, corrosion resistance, high elasticity and low weight. These properties act as catalyst in fueling aluminum’s demand in dry van container market.

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.

Request Free Sample Copy of the Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=1015