Product Code: TIPRE00029888
The global 40-foot container chassis market is projected to reach US$ 1,930.69 million by 2028 from US$ 1,197.83 million in 2022. It is expected to register a CAGR of 8.6% during 2023-2028.
The rapid growth in international and domestic trade is expected to fuel the demand for 40-foot container chassis in Asia Pacific. The maritime industries in Asia Pacific are engaged in development and expansion of ports, resulting in the growing adoption of 40-foot containers, which further contributes to the growth of the 40-foot container chassis market. For instance, according to the Ministry of Ports, Shipping and Waterways, in December 2021, the Indian government approved the development of a major port in Vadhavan due to increased trade activities in the country. Furthermore, there is a growth in the e-commerce sector across the region. For instance, China's imports and exports of cross-border e-commerce increased by 15% in 2021 compared to 2020. The growth of the e-commerce cross-border will contribute to the increasing adoption of 40-foot container chassis to transport goods in APAC, which is another significant factor impacting the 40-foot container chassis market.
As 90% of the world trade is carried out by sea, there is a rise in the trade activities at the ports in North America. A large number of ships enables a massive number of containers to be transported through various ports in the region, which demands the 40-foot container chassis to move goods. In addition, various ports in the region experienced an increase in the amount of cargo capacity handled. According to xChange Solutions GmbH, the twenty-foot equivalent unit (TEU) handled by the Port of New Jersey and New York increased by 5.7% in 2022 compared to 2021, Port of Savannah by 8%, Port of Norfolk by 5.1%, Port of Houston by 16%, and Port of Charleston by 12%. Thus, such a rise in cargo handled at the port contributes to the increased use of large containers, further propelling the growth of the 40-foot container chassis market. Furthermore, the rise in e-commerce activities due to increased penetration of the internet and the rise in online buyers contributes to the growing transportation of goods, further expanding the 40-foot container chassis market in North America.
Impact of COVID-19 Pandemic on 40-Foot Container Chassis Market
Germany, Italy, the UK, Russia, France, and Spain were the most-affected countries by the onset of the COVID-19 pandemic. Governments of various European countries imposed several regulations to curb the spread of SARS-CoV-2. Several countries in the region witnessed an economic hit and a decline in industrial activities in Q2 of 2020. Many European countries closed their borders and implemented drastic measures on the transport of goods. All the above restrictions by governments of European countries drastically affected the 40-foot container chassis market growth in the region. However, in Q1 of 2021, after the government restrictions were lifted, the market players restarted their manufacturing activities, and the demand for chassis increased across the region. For instance, in September 2021, the first Grunwald container chassis was transferred from Russia to Germany for the country's intermodal routes. This chassis is capable of carrying 40-45 foot containers weighing 34,000 kg. Thus, with the restart of business activities, the propelled the growth of the 40-foot container chassis market after the ease of lockdown in 2021.
The Asia Pacific 40-foot container chassis market size is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The rise in industrialization in Asia Pacific led to the development of densely populated areas, which increased the demand for consumer goods and industrial materials. The increased demand for industrial, commercial, and residential goods led to an increase in trading activities in the region. For instance, According to International Monetary Fund (IMF), the total merchandise trade between South Asia and East Asia increased by 10% every year between 1990 and 2018 and is expected to rise by another 30% by 2030. Thus, a rise in trade activities across regions or within the region leads to an increase in trade volume, which requires containers and chassis for goods transportation, increasing the 40-foot container chassis market share of APAC in the global market.
Moreover, the Indian government is investing in development and expansion of the ports. For instance, in February 2023, the Indian Ministry of Ports, Shipping and Waterways planned to invest ~US$ 15.23 billion to expand and develop world-class infrastructure at Indian ports under Maritime India Vision (MIV) 2030. Under this vision, the Indian government also gave a green signal to build Kerala's Vizhinjam and Maharashtra's Vadhavan ports, facilitating ultra-large container and cargo vessels to call on the ports. These will demand a chassis system to transport the goods. Such initiatives by governments to strengthen maritime activities and ports are expected to drive the 40-foot container chassis market growth in Asia Pacific. Key players in the Asia Pacific 40-foot container chassis market include Bull Chassis and Panus Assembly Thailand.
Chassis King Inc, Fliegl Fahrzeugbau GmbH, Cheetah Chassis Corp, Triton International Ltd, Karl Kassbohrer Fahrzeugwerke GmbH, CIE Manufacturing, Schmitz Cargobull AG, Panda Mechanical Co Ltd, Panus Assembly Co Ltd, and Pro-Haul Manufacturing Inc are among the key players of the 40-foot container chassis market profiled during the market study. In addition to these players, several other important companies were studied and analyzed during this market research study to get a holistic overview of the global 40-foot container chassis market size.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the 40-foot container chassis market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global 40-foot container chassis market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. 40-Foot Container Chassis Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 APAC
- 4.2.4 MEA
- 4.2.5 SAM
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
5. 40-Foot Container Chassis Market - Key Market Dynamics
- 5.1 Key Market Drivers
- 5.1.1 Strategic Initiatives by Chassis Manufacturers
- 5.1.2 Rise in Trading Operations Across World
- 5.2 Key Market Restraint
- 5.2.1 Low Demand for New Chassis Due to Long Lifespan
- 5.3 Key Market Opportunities
- 5.3.1 Integration of Modern Technologies in Chassis
- 5.4 Key Market Trends
- 5.4.1 Increase in Port Expansion Activities
- 5.5 Impact Analysis of Drivers and Restraints
6. 40-Foot Container Chassis Market - Global Analysis
- 6.1 Global 40-Foot Container Chassis Market Overview
- 6.2-Foot Container Chassis Market - Revenue and Forecast to 2028 (US$ Million)
- 6.3 Market Positioning - Five Key Players
7. 40-Foot Container Chassis Market Analysis - By Axle
- 7.1 Overview
- 7.240-Foot Container Chassis Market, By Axle (2022 and 2028)
- 7.3 2 Axles
- 7.3.1 Overview
- 7.3.2 2 Axles: 40-Foot Container Chassis Market - Revenue, and Forecast to 2028 (US$ Million)
- 7.4 3 Axles
- 7.4.1 Overview
- 7.4.2 3 Axles: 40-Foot Container Chassis Market - Revenue, and Forecast to 2028 (US$ Million)
- 7.5 4-Axles
- 7.5.1 Overview
- 7.5.2 4-Axles: 40-Foot Container Chassis Market - Revenue, and Forecast to 2028 (US$ Million)
8. 40-Foot Container Chassis Market Analysis - By Type
- 8.1 Overview
- 8.2 40-Foot Container Chassis Market, By Type (2022 and 2028)
- 8.3 Goosekneck
- 8.3.1 Overview
- 8.3.2 Goosekneck: 40-Foot Container Chassis Market- Revenue and Forecast to 2028 (US$ Million)
- 8.4 Flip-Up Rear Bolster
- 8.4.1 Overview
- 8.4.2 Flip-Up Rear Bolster: 40-Foot Container Chassis Market- Revenue and Forecast to 2028 (US$ Million)
- 8.5 Straight Frame
- 8.5.1 Overview
- 8.5.2 Straight Frame: 40-Foot Container Chassis Market- Revenue and Forecast to 2028 (US$ Million)
- 8.6 Drop Frame
- 8.6.1 Overview
- 8.6.2 Drop Frame: 40-Foot Container Chassis Market- Revenue and Forecast to 2028 (US$ Million)
9. 40-Foot Container Chassis Market - Geographic Analysis
- 9.1 Overview
- 9.2 North America: 40-Foot Container Chassis Market
- 9.2.1 Overview
- 9.2.2 North America 40-Foot Container Chassis Market, Revenue and Forecast to 2028 (US$ Million)
- 9.2.3 North America 40-Foot Container Chassis Market Breakdown, By Axle
- 9.2.4 North America 40-Foot Container Chassis Market Breakdown, By Type
- 9.2.5 North America 40-Foot Container Chassis Market Breakdown, by Country
- 9.2.5.1 US 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.2.5.1.1 US 40-Foot Container Chassis Market Breakdown, By Axle
- 9.2.5.1.2 US 40-Foot Container Chassis Market Breakdown, By Type
- 9.2.5.2 Canada 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.2.5.2.1 Canada 40-Foot Container Chassis Market Breakdown, By Axle
- 9.2.5.2.2 Canada 40-Foot Container Chassis Market Breakdown, By Type
- 9.2.5.3 Mexico 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.2.5.3.1 Mexico 40-Foot Container Chassis Market Breakdown, By Axle
- 9.2.5.3.2 Mexico 40-Foot Container Chassis Market Breakdown, By Type
- 9.3 Europe: 40-Foot Container Chassis Market
- 9.3.1 Overview
- 9.3.2 Europe 40-Foot Container Chassis Market, Revenue and Forecast to 2028 (US$ Million)
- 9.3.3 Europe 40-Foot Container Chassis Market Breakdown, By Axle
- 9.3.4 Europe 40-Foot Container Chassis Market Breakdown, By Type
- 9.3.5 Europe 40-Foot Container Chassis Market Breakdown, by Country
- 9.3.5.1 Germany 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.3.5.1.1 Germany 40-Foot Container Chassis Market Breakdown, By Axle
- 9.3.5.1.2 Germany 40-Foot Container Chassis Market Breakdown, By Type
- 9.3.5.2 France 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.3.5.2.1 France 40-Foot Container Chassis Market Breakdown, By Axle
- 9.3.5.2.2 France 40-Foot Container Chassis Market Breakdown, By Type
- 9.3.5.3 Italy 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.3.5.3.1 Italy 40-Foot Container Chassis Market Breakdown, By Axle
- 9.3.5.3.2 Italy 40-Foot Container Chassis Market Breakdown, By Type
- 9.3.5.4 UK 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.3.5.4.1 UK 40-Foot Container Chassis Market Breakdown, By Axle
- 9.3.5.4.2 UK 40-Foot Container Chassis Market Breakdown, By Type
- 9.3.5.5 Russia 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.3.5.5.1 Russia 40-Foot Container Chassis Market Breakdown, By Axle
- 9.3.5.5.2 Russia 40-Foot Container Chassis Market Breakdown, By Type
- 9.3.5.6 Rest of Europe 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.3.5.6.1 Rest of Europe 40-Foot Container Chassis Market Breakdown, By Axle
- 9.3.5.6.2 Rest of Europe 40-Foot Container Chassis Market Breakdown, By Type
- 9.4 Asia Pacific: 40-Foot Container Chassis Market
- 9.4.1 Overview
- 9.4.2 Asia Pacific 40-Foot Container Chassis Market, Revenue and Forecast to 2028 (US$ Million)
- 9.4.3 Asia Pacific 40-Foot Container Chassis Market Breakdown, By Axle
- 9.4.4 Asia Pacific 40-Foot Container Chassis Market Breakdown, By Type
- 9.4.5 Asia Pacific 40-Foot Container Chassis Market Breakdown, by Country
- 9.4.5.1 Australia 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.4.5.1.1 Australia 40-Foot Container Chassis Market Breakdown, By Axle
- 9.4.5.1.2 Australia 40-Foot Container Chassis Market Breakdown, By Type
- 9.4.5.2 China 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.4.5.2.1 China 40-Foot Container Chassis Market Breakdown, By Axle
- 9.4.5.2.2 China 40-Foot Container Chassis Market Breakdown, By Type
- 9.4.5.3 India 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.4.5.3.1 India 40-Foot Container Chassis Market Breakdown, By Axle
- 9.4.5.3.2 India 40-Foot Container Chassis Market Breakdown, By Type
- 9.4.5.4 Japan 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.4.5.4.1 Japan 40-Foot Container Chassis Market Breakdown, By Axle
- 9.4.5.4.2 Japan 40-Foot Container Chassis Market Breakdown, By Type
- 9.4.5.5 South Korea 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.4.5.5.1 South Korea 40-Foot Container Chassis Market Breakdown, By Axle
- 9.4.5.5.2 South Korea 40-Foot Container Chassis Market Breakdown, By Type
- 9.4.5.6 Rest of Asia Pacific 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.4.5.6.1 Rest of Asia Pacific 40-Foot Container Chassis Market Breakdown, By Axle
- 9.4.5.6.2 Rest of Asia Pacific 40-Foot Container Chassis Market Breakdown, By Type
- 9.5 Middle East & Africa: 40-Foot Container Chassis Market
- 9.5.1 Overview
- 9.5.2 Middle East & Africa 40-Foot Container Chassis Market, Revenue and Forecast to 2028 (US$ Million)
- 9.5.3 Middle East & Africa 40-Foot Container Chassis Market Breakdown, By Axle
- 9.5.4 Middle East & Africa 40-Foot Container Chassis Market Breakdown, By Type
- 9.5.5 Middle East & Africa 40-Foot Container Chassis Market Breakdown, by Country
- 9.5.5.1 South Africa 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.5.5.1.1 South Africa 40-Foot Container Chassis Market Breakdown, By Axle
- 9.5.5.1.2 South Africa 40-Foot Container Chassis Market Breakdown, By Type
- 9.5.5.2 Saudi Arabia 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.5.5.2.1 Saudi Arabia 40-Foot Container Chassis Market Breakdown, By Axle
- 9.5.5.2.2 Saudi Arabia 40-Foot Container Chassis Market Breakdown, By Type
- 9.5.5.3 UAE 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.5.5.3.1 UAE 40-Foot Container Chassis Market Breakdown, By Axle
- 9.5.5.3.2 UAE 40-Foot Container Chassis Market Breakdown, By Type
- 9.5.5.4 Rest of Middle East & Africa 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.5.5.4.1 Rest of Middle East & Africa 40-Foot Container Chassis Market Breakdown, By Axle
- 9.5.5.4.2 Rest of Middle East & Africa 40-Foot Container Chassis Market Breakdown, By Type
- 9.6 South America: 40-Foot Container Chassis Market
- 9.6.1 Overview
- 9.6.2 South America 40-Foot Container Chassis Market, Revenue and Forecast to 2028 (US$ Million)
- 9.6.3 South America 40-Foot Container Chassis Market Breakdown, By Axle
- 9.6.4 South America 40-Foot Container Chassis Market Breakdown, By Type
- 9.6.5 South America 40-Foot Container Chassis Market Breakdown, by Country
- 9.6.5.1 Brazil 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.6.5.1.1 Brazil 40-Foot Container Chassis Market Breakdown, By Axle
- 9.6.5.1.2 Brazil 40-Foot Container Chassis Market Breakdown, By Type
- 9.6.5.2 Argentina 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.6.5.2.1 Argentina 40-Foot Container Chassis Market Breakdown, By Axle
- 9.6.5.2.2 Argentina 40-Foot Container Chassis Market Breakdown, By Type
- 9.6.5.3 Rest of SAM 40-Foot Container Chassis Market, Revenue and Forecast to 2028
- 9.6.5.3.1 Rest of SAM 40-Foot Container Chassis Market Breakdown, By Axle
- 9.6.5.3.2 Rest of SAM 40-Foot Container Chassis Market Breakdown, By Type
10. Impact of COVID-19 Pandemic on Global 40-Foot Container Chassis Market
- 10.1 Overview
- 10.2 North America: Impact Assessment of COVID-19 Pandemic
- 10.3 Europe: Impact Assessment of COVID-19 Pandemic
- 10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
- 10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
- 10.6 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 Product Development
12. Company Profiles
- 12.1 Chassis King Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Cheetah Chassis Corp
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Fliegl Fahrzeugbau GmbH
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Triton International Ltd
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 CIMC Intermodal Equipment LLC
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Schmitz Cargobull AG
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Panda Mechanical Co Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Panus Assembly Co Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Pro-Haul Manufacturing Inc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Karl Kassbohrer Fahrzeugwerke GmbH
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index