Market Share of Container Shipping Industry
The container shipping market is fragmented in nature, with the presence of many international companies. The top players in the segment include Maersk, MSC, CMA, COSCO, and Hapag Lloyd. Due to the increased seaborne trade and industrialization worldwide, the global shipping container market is expected to grow steadily.
The growth of the shipping container market is supported by increased demand for cargo transport via ships and a rise in trade-tied agreements. In addition, the growth of the shipping container market is affected by fluctuations in transportation and storage costs. Nevertheless, growth prospects for the market in the forecast period will be driven by factors such as a planned shift towards automation of shipping and increased safety standards at sea.
Container Shipping Market Leaders
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A. P. Moller-Maersk A/S
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MSC Mediterranean Shipping Company S. A.
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CMA CGM
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China COSCO Holdings Company Limited
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Hapag-Lloyd
*Disclaimer: Major Players sorted in no particular order
