North America Container Tracking Market

North America Container Tracking Market Size, Share & Trends Analysis Report By Technology Type (GPS, RFID, Cellular, and Satellite), By Mode of Transportation (Maritime, Land, and Air), By Offering, By End-User, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23153 Publication Date: June-2024 Number of Pages: 118
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Market Report Description

The North America Container Tracking Market would witness market growth of 7.3% CAGR during the forecast period (2024-2031).

The US market dominated the North America Container Tracking Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,945.1 million by 2031. The Canada market is experiencing a CAGR of 9.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.7% during (2024 - 2031).

North America Container Tracking Market

Traditional logistics operations often involve manual data entry, paperwork, and physical inspections, which are time-consuming and prone to errors. Container tracking systems automate many of these processes, using technologies such as RFID tags, GPS trackers, and IoT sensors to capture and transmit data in real time.

Additionally, by decreasing the need for manual intervention, this automation enables personnel to allocate their efforts toward more strategic endeavors, thereby enhancing overall productivity. For example, in the port of Rotterdam, one of the busiest ports, implementing container tracking systems has revolutionized operations.

North America also plays a significant role in the market, with the United States and Canada being key contributors. The high adoption rate of advanced technologies and the region's firmly established infrastructure contribute to the extensive utilization of container tracking solutions. The market is of significant importance due to the presence of major logistics companies like FedEx and UPS, which heavily depend on tracking systems to guarantee the punctual and effective transportation of goods.

Free Valuable Insights: The Container Tracking Market is Predict to reach USD 19.1 Billion by 2031, at a CAGR of 7.9%

Based on Technology Type, the market is segmented into GPS, RFID, Cellular, and Satellite. Based on Mode of Transportation, the market is segmented into Maritime, Land, and Air. Based on Offering, the market is segmented into Software, Hardware, and Services. Based on End-User, the market is segmented into Consumer Goods, Food & Beverage, Vehicle Transport, Healthcare Industry, Industrial Products, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

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List of Key Companies Profiled

  • Orient Overseas Container Line Limited
  • A.P. Moller - Maersk A/S
  • Hapag-Lloyd AG
  • GoComet
  • DP World Logistics FZE (SeaRates)
  • Project44
  • CMA CGM Group
  • E2open Parent Holdings, Inc. (INTTRA)
  • Cosco Shipping Lines Co., Ltd.
  • Evergreen Marine Corporation (Evergreen Group)

North America Container Tracking Market Report Segmentation

By Technology Type

  • GPS
  • RFID
  • Cellular
  • Satellite

By Mode of Transportation

  • Maritime
  • Land
  • Air

By Offering

  • Software
  • Hardware
  • Services

By End-User

  • Consumer Goods
  • Food & Beverage
  • Vehicle Transport
  • Healthcare Industry
  • Industrial Products
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America
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