The boiler, tank,
and shipping container are used in industrial applications for transportation,
storage, and other useful industrial operations. Boilers are used in heating
applications such as textile, food & beverage industry and chemical
industry for carrying out different processes. Similarly, tanks and shipping containers
are useful for storing, shipping & logistic purposes. These containers are
extensively used for commercial and manufacturing applications.
According to
study, “Boiler, Tank, And Shipping
Container Manufacturing Global Market Report 2019” the key companies operating in
the boiler, tank, and shipping container manufacturing global market are Cesaroni
Technology Inc, Allied Can Manufacturing Inc, Ordan Thermal Products Ltd, TLS
Offshore Containers International, SEA BOX, Inc., Hoover Ferguson Group, Inc., Tempohousing,
A.P. MOLLER - MAERSK GROUP, W&K Containers, Inc., YMC Container Solutions, Steam
Sauna, Dong Fang International Asset Management Ltd., China International
Marine Containers (Group) Ltd., IHI Corp., Singamas Container Holdings Limited,
BSL Containers Ltd., MSC Mediterranean Shipping Company S.A., China Shipping
Container Lines Co. Ltd., CMA CGM Group, WandK Containers Inc., CXIC Group Co.,
Ltd., Jindo Co. Ltd., Nu-Tech Precision Metals Inc. Key companies are focusing on
organic growth strategies for instance product launches, product approvals and others
like patents and events.
Based on type,
the global boiler, tank, and shipping container manufacturing market is breakdown
into metal tank or heavy gauge, power boiler & heat exchanger, metal can
& box and other metal container (light gauge). Based on size of container,
market is breakdown into high cube container (40 feet), large container (40
feet) and small container (20 feet). Based on product type, market is breakdown
into refrigerated container, dry storage container, special purpose container,
flat rack container and others. Based on application, market is breakdown into commercial,
industrial and residential.
The global boiler,
tank, and shipping container market is majorly driven by rapid
industrialization, followed by large scale globalization of trade practices.
Moreover, the rise in demands from the food & beverages industry, increase
in government initiatives and increase in the number of manufacturing
facilities are anticipated to augment the growth of the market. However, slow
economic growth in some regions, workforce issues and increase in interest
rates are major restraint factors for market. Moreover, developmental programs by
governmental organizations in emerging nations are biggest opportunity for
market. Furthermore, few of the trends include increase in digital technologies
and augment in use of autonomous construction vehicles.
Based on
geography, the Asia-Pacific region holds largest market share of boiler, tank,
and shipping container market owing to increase in new vehicle sales in fast
developing countries such as India & China due to rise in disposable
income. Additionally, the Western European region holds second largest market
on account of increase in availability of credit & low fuel prices,
followed by rise in demand for hybrid electric vehicles. Furthermore, with
improved earning capacity, emerging market growth and increase in positive
economic outlook, the scope & potential for the global market is
anticipated to significantly rise in the forecast period.
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