The global container fleet market is expected to receive a strong push in terms of growth from the increasing count of high capacity vessels and implementation of fleet management systems in the shipping industry. International shipping company and vendor of drybulk, container, and tanker vessels, Capital Product Partners L.P. has received a consensus ratings of ‘buy’ from seven renowned stock analysts. The company has significantly upped its shares with a decent trade percentage achieved lately. As a favorable consequence, several investors including Global X Management Co. LLC and Renaissance Technologies LLC have increased their shares tellingly in the company.
According to a near-accurate report authored by leading market intelligence firm, Transparency Market Research (TMR), the world container fleet market is prognosticated to earn US$14.41 bn by 2025. In 2016, the market had reached US$8.8 bn. The CAGR prophesied by the company is 5.7% for the forecast period 2017–2025.
How will Developing Regions Perform in Presence of Other Key Geographies?
Asia Pacific have had a neck-and-neck competition with key regions of the world container fleet market such as North America. However, the emerging region had defended an over 35.0% share in 2016. Shadowed by North America, Asia Pacific could register a higher CAGR during the forecast period to retain its dominance until 2025. The world container fleet market is envisaged to be boosted by a lofty demand in Asia Pacific for mining goods and agricultural products. Although the presence of other regions in the world container fleet market could pose some competition to Asia Pacific, players could still find lucrative opportunities in the region in view of the fact that it secured more than a 50.0% share in combination with that of North America in 2016.
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Which are Most Dominant Application and Product Segments?
The international container fleet market could be meticulously divided into the classifications of end use and type, according to seasoned analysts. As foreseen by the analysts, industry players could be required to deal with retail, food and agriculture, mining and minerals, gas and chemicals, oil, and automotive end users. Out of these, players might want to concentrate on end users in the mining and minerals industry as it is envisioned to hold a significant growth rate in the coming years. Howbeit, a more than 20.0% of larger share was won by the automotive industry in 2016.
Owing to their refrigeration capabilities that allow to control the temperatures of goods such as medicine, meat, vegetables, and fruits during transit, reefer containers are projected to account for a faster growth in the international container fleet market.
Among leading companies in the worldwide container fleet market, Evergreen Marine Corporation Ltd., Kawasaki Kisen Kaisha Ltd., Westfal-Larsen Shipping A/S, Maersk Line, and Hapag Lloyd could showcase dominance.