At 7.1% CAGR, the Europe 40-Foot Container Chassis Market is projected to be worth US$ 415.44 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Europe 40-foot container chassis market was valued at US$ 294.27 million in 2023 and is expected to reach 415.44 US$ million by 2028, registering a CAGR of 7.1% from 2023 to 2028. Strategic initiatives by chassis manufacturers and rise in trading operations are the critical factors attributed to the Europe 40-foot container chassis market expansion.  

The demand for 40-foot containers is growing with the rise in trading activities worldwide. These containers are used for the national and international shipping of high-volume goods due to their ability to hold a large amount of cargo. Considering the growing adoption of 40-foot containers, manufacturers are scaling up their manufacturing operations, which propels the demand for chassis for these containers. Moreover, they are launching new products with added features to boost their revenue sales and customer base. In November 2022, Kässbohrer launched 9 new vehicles at IAA Transportation 2022 event. The K.SHG AVH chassis was the newest addition to its intermodal range, front, and rear extendable container chassis. It is designed to safely carry containers to heights ranging from 20 feet to 45 feet. The K.SHG AVH chassis are made from S700 MC steel for high quality and strength. In addition, in June 2018, TRAC Intermodal unveiled a product that attaches to a new carrier underslung generator set with a 40-foot marine chassis. This new genset-chassis was built for improved efficiency of the existing chassis.

Partnerships also play a key role in the growth of the 40-foot container chassis market, as the partnered entities can help each other meet their mutual goals and cater to the shared audiences, contributing to a rise in brand awareness and sales. In August 2022, Kässbohrer, a semi-trailer manufacturer, partnered with CM Logistik Gruppe to deliver 40 gooseneck multifunctional container chassis K.SHG AMH vehicles to the latter. CM Logistik Gruppe is a service provider to many transports and logistics companies; it would help Kässbohrer create brand awareness among its customers. In addition, the new 40-foot container chassis vehicles would improve CM Logistik Gruppe's operational flexibility. Thus, strategic developments such as product launches, partnerships, and collaborations are contributing to the growth of the 40-foot container chassis market.  

On the contrary, low demand for new chassis due to long lifespan hurdles the growth of Europe 40-foot container chassis market.

Based on axle, the 40-foot container chassis market is categorized into 2-axle chassis, 3-axle chassis, and 4-axle chassis. The 2-axle segment held 42.4% market share in 2023, amassing US$ 124.85 million. It is projected to garner US$ 177.67 million by 2028 to expand at 7.3% CAGR during 2023–2028.

Based on type, the 40-foot container chassis market size is sub segmented into gooseneck type, flip-up rear bolster, straight frame type, and drop frame type. The gooseneck type chassis segment held 37.6% market share in 2023, amassing US$ 110.69 million. It is projected to garner US$ 153.55 million by 2028 to expand at 6.8% CAGR during 2023–2028.

Based on country, the Europe 40-foot container chassis market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 24.5% market share in 2023. It was assessed at US$ 72.00 million in 2023 and is likely to hit US$ 106.89 million by 2028, exhibiting a CAGR of 8.2% during the forecast period.

Key players dominating the Europe 40-foot container chassis market are Fliegl Fahrzeugbau GmbH; Triton International Ltd; Schmitz Cargobull AG; Panda Mechanical Co Ltd; Panus Assembly Co Ltd; and Karl Kassbohrer Fahrzeugwerke GmbH, among others.      

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com