At 5.3% CAGR, the Middle East & Africa 40-Foot Container Chassis Market is projected to be worth US$ 79.61 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa 40-foot container chassis market was valued at US$ 61.59 million in 2023 and is expected to reach 79.61 US$ million by 2028, registering a CAGR of 5.3% from 2023 to 2028. Integration of modern technologies in chassis and increase in port expansion activities are the critical factors attributed to the Middle East & Africa 40-foot container chassis market expansion.   

The integration of IoT in chassis systems has enabled better connectivity between the chassis and other components of a supply chain, leading to improved visibility and real-time tracking of cargo on phones or computers. IoT is likely to be extrapolated in a 40-foot container chassis to enhance its efficiency. Moreover, telematics is perceived to have evident benefits when integrated with intermodal chassis. Telematics can keep personnel updated by providing information on chassis arrival and departure, which would resolve billing disputes and prevent theft incidences. It also assists in better management of supply chains and freight networks. In July 2021, Microsoft launched a mobile application “IoT Plug and Play” that can be connected to the chassis. This application provides interactive container chassis tracking dashboard using data such as sensor readings and errors. This application can help chassis controllers and logistics companies to track the real-time locations of chassis, which helps to improve the end-to-end supply chain. Thus, the integration of modern technologies with chassis systems creates lucrative opportunities for the 40-foot container chassis market.

On the contrary, low demand for new chassis due to long lifespan hurdles the growth of Middle East & Africa 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 42.3% market share in 2023, amassing US$ 26.07 million. It is projected to garner US$ 33.95 million by 2028 to expand at 5.4% 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 35.6% market share in 2023, amassing US$ 21.94 million. It is projected to garner US$ 27.54 million by 2028 to expand at 4.7% CAGR during 2023–2028.

Based on country, the Middle East & Africa 40-foot container chassis market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 37.7% market share in 2023. It was assessed at US$ 23.21 million in 2023 and is likely to hit US$ 30.76 million by 2028, exhibiting a CAGR of 5.8% during the forecast period.

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

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