Transportation industry is the largest
growing industry because of its wide applications in almost every sector
such as oil and gas, chemicals, automobile, food and beverages and
others. Feeder is one such sub segment of transportation industry which
is expected to have a promising growth in future. The growth of
transportation industry will increase the feeder containers market in future.
Market Overview:
Feeder containers market is expected to
grow with a significant CAGR in the forecast period. Companies invest in
this industry to facilitate the flow of goods and transport their
products to large consumer markets. Asia Pacific dominates the feeder
containers market followed by Europe and North America. Customers of
feeder containers are the companies which send their products from small
ports to big transshipment ports.
Market Dynamics:
Driving force for the feeder containers
market is the increased globalization and demographic changes. Companies
are planning to expand in different regions which increases the number
of imports and exports resulting in an increase in the feeder containers
market. Feeder containers are made up of such materials which can bear
the transportation hazards which makes them a good option for
transportation.
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One of the restraints in the feeder
containers market is the growing number of manufacturing centers across
the globe which reduces the requirement of these containers since the
goods are produced in the region only, resulting in decreasing the
demand of feeder containers market. Another restraint of the feeder
containers market is the rising cost which require maintaining these
containers. Traditional companies are investing in small feeder vessels
than long haul trades which is again a restraint in the feeder
containers market.
On the basis of geographies, the feeder
containers market is segmented across 7 key region; Latin America,
Western Europe, North America, Japan, Asia Pacific excluding Japan,
Eastern Europe and Japan. Asia Pacific has the largest market share in
the feeder containers market because of the developing Asian economies
which are driving the growth of feeder containers market.
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