North America Chassis Container Market
The US government has imposed duties of ~200% to halt the imports of chassis from China. Further, a surge in the volume of freight continues to outstrip the supply of chassis, and the availability of containers and laborers at ocean and rail hubs. This imbalance has forced shippers to hold on to their chassis units longer than the usual 3–5 days, further limiting the supply. However, the US government is implementing policies to ramp up the domestic production of chassis. Thus, the current shortage of chassis is anticipated to accelerate the domestic manufacturing of container chassis in the US in the coming years.
The chassis container market share is segmented on the basis of axle, type, and geography. In terms of size, the market is categorized into 20’, 40’, 53’, and others. In terms of axle, the market is categorized into 2-axle chassis, 3-axle chassis, 4-axle chassis, and more than 4-axle chassis. Based on type, the chassis container market share is sub segmented into standard type, tilt chassis, special type, drop frame type, extendable, and others. Based on country, the market is segmented into US and Canada.
ChassisKing Inc, Cheetah Chassis Corp, Direct ChassisLink Inc, Max-Atlas Equipement Inc, STI HOLDINGS INC, CIE Manufacturing Inc, Bull Chassis, Jansteel USA Inc, Pro-Haul Manufacturing Inc, Hercules Enterprise LLC are among the key chassis container market players 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 North America chassis container market.
The chassis container market growth is rising 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 containers, manufacturers are scaling up their manufacturing operations, which propels the demand for chassis for these containers. Moreover, they are increasing their investment to enhance production activities in North America. In July 2022, Panus, a Thailand-based trailer manufacturer, entered the US market by establishing a new Panus USA subsidiary. The company has delivered more than 150 container chassis in the US chassis container market and plans to deliver 7,000 trailers by the end of 2023 and 12,000 by 2024.
In January 2022, the Stoughton Trailers expanded its production capacity by opening a new production plant in Waco, Texas. The company aims to increase chassis container production and deliver ~20,000–25,000 container chassis annually. The company has invested ~US$ 25 million in production activities to enhance its capacity. Thus, strategic developments such as product launches, partnerships, and collaborations are contributing to the chassis container market growth.
Based on axle, the North America chassis container market is segmented into 2-Axles, 3-Axles, 4-Axles, and more than 4-Axles.
The 4-axle chassis are used for heavy load capacity transportation. Thus, accommodating the additional weight of heavier loads by distributing the weight over the load-bearing frame and tires. However, the additional axle adds to the overall tare weight of the chassis. This additional weight and tire surface area is beneficial when transporting heavy payloads in potentially adverse weather, but it must also be considered during route planning in order to maintain compliance with bridge laws. 4-axle Container chassis are offered by the various chassis container market players, including Cheetah Chassis Corporation, Chassis King Inc, and Panda Mechanical Co Ltd.
A few major primary and secondary sources referred to for preparing the report on the chassis container market are company websites, annual reports, financial reports, national government documents, and statistical databases. The North America chassis container market players in report includes ChassisKing Inc, Cheetah Chassis Corp, Direct ChassisLink Inc, Max-Atlas Equipement Inc, STI HOLDINGS INC, CIE Manufacturing Inc, Bull Chassis, Jansteel USA Inc, Pro-Haul Manufacturing Inc, and Hercules Enterprise LLC.
Strategic insights for the North America Chassis Container provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,077.57 Million |
| Market Size by 2030 | US$ 1,615.28 Million |
| Global CAGR (2022 - 2030) | 5.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Axle
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Chassis Container refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America Chassis Container Market is valued at US$ 1,077.57 Million in 2022, it is projected to reach US$ 1,615.28 Million by 2030.
As per our report North America Chassis Container Market, the market size is valued at US$ 1,077.57 Million in 2022, projecting it to reach US$ 1,615.28 Million by 2030. This translates to a CAGR of approximately 5.2% during the forecast period.
The North America Chassis Container Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Chassis Container Market report:
The North America Chassis Container Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Chassis Container Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Chassis Container Market value chain can benefit from the information contained in a comprehensive market report.
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