Published Date: 20-Jan-2023
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Modular Container Market size is expected to reach $40 billion by 2028, rising at a market growth of 6.9% CAGR during the forecast period.
The Fixed segment is showcasing a CAGR of 8.2% during (2022 - 2028). Due to the rising popularity of container homes in advanced nations, including the U.S., the UK, France, and Germany, the fixed modular container (FMC) is anticipated to expand suggestively throughout the projection period. FMC is a cutting-edge building method that uses off-site manufacturing processes to prefabricate single structures in reversible portions for sustainable building strategies.
The Storage Containers segment acquired maximum revenue share in the Global Modular Container Market by Usage in 2021 thereby, achieving a market value of $9.5 billion by 2028. Compressors, machinery, supplies, and tool inventory are just a few examples of the numerous production equipment that can be efficiently stored in a storage container. This type of container is frequently used on building sites, manufacturing plants, and warehouses. They are used to store supplies and equipment at building sites.
The Industrial segment has shown the growth rate of 6 % during (2022 - 2028). For product support, industrial containers are utilized to handle and store the components of a unit load. The best option for industrial storage needs is modular containers. Water treatment enclosures can use modular storage containers, which provide several benefits over conventional designs. These containers are appropriate for massive cleanup operations since they can be moved simply from one place to another.
The 10-20 Feet segment is generating highest revenue share in the Global Modular Container Market by Container Size in 2021 thereby, achieving a market value of $15 billion by 2028. The most popular container construction is 10 to 20 feet modular container, since it is the right size for most uses, including storage, office space, and locker space. A common shipping container size is 20 feet. It is the typical container size range for moving heavy equipment, rock, and iron ore.
The New Product Sales segment is poised to grow at a CAGR of 8.3% during (2022 - 2028). A lot of different end-use industries, such as retail, healthcare, agriculture, and education, are adopting modular containers, as they could be specialized and catered to the needs of the end user. For instance, the usual capacity problems that afflict hospitals throughout the world can be effectively and dependably resolved by modular hospital construction for the healthcare sector.
The North America market dominated the Global Modular Container Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15.2 billion by 2028. The Europe market is exhibiting a CAGR of 6.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 7.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of WillScot Mobile Mini Holdings Corp., Module-T Prefabrik Sistemleri Dis Tic Ltd Sti (TMEC International), McGRATH RentCorp, Prefabex, MODSTEEL (Prefabricated Modular Steel Structures), Henan K-home Steel Structure Co., Ltd., Kwikspace, and Falcon Structures.
By Container Size
By Revenue Source
Unique Offerings from KBV Research