Container shipping uses different sizes of containers to transport goods from one place to another. Global merchandise trade is mostly carried out by sea with container shipping accounting for major market share. The global container fleet market was greatly affected by the global economic crisis in the past years. This had created a supply-demand imbalance and lower freight rates. However, in recent years, the market has recovered and is performing better compared to other segments of the shipping industry. The container fleet market is segmented by type and by geography.
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Based on type, the container fleet market is segmented into reefer container, tank container, and dry container. Among all these types, the reefer container segment is anticipated to witness maximum growth in the coming years. Dry containers can be of two types, standard container and special container. Traditionally, dry containers dominated the container fleet market globally, but currently, demand for reefer containers and tank containers have increased across different regions. To meet the changing market demand, major manufacturing companies are focusing on manufacturing temperature controlled containers.