Import and export of goods via sea cost less than land; thus, a large extent of trade activities are carried out through shipping. According to the United Nations Conference on Trade and Development (UNCTAD), global maritime trade is estimated to grow annually by 2.1% during 2023–2027. Therefore, increasing trade activities via sea encourages port expansion and new port development operations in different countries. According to the International Maritime Organization (IMO), the shipping industry is expected to grow by 50–250% by 2050. A projected upsurge in shipping activities during the forecast period indicated the need for advanced and large ports to efficiently manage traffic at seaports. Thus, several governments are taking initiatives to expand ports in their countries. A few of the port development projects are mentioned below. Thus, with the ongoing expansion of ports, the demand for containers for transportation to and from ports is expected to increase in the future, in turn, contributing to the demand for 40-foot container chassis.
Based on geography, the South America 40-foot container chassis market is segmented into Brazil, Argentina, and the Rest of South America. The e-commerce boom in South America is changing how companies serve their customers. For instance, according to International Trade Administration, the e-commerce industry in Brazil experienced a 16% year-over-year increase in 2021. The e-commerce industry is heavily dependent on efficient logistics and transportation systems to ensure fast delivery to customers. In addition, e-commerce also increased trade across national and international borders, using large containers to transport goods. For instance, according to Inter-American Development Bank, exports from Latin America and the Caribbean increased by 20.6% in the first half of 2022 compared to the same period in 2021. The e-commerce industry and trading activities heavily use large containers to supply goods, which further requires chassis to transport the large containers. These factors are contributing to the growth of the South America 40-foot container chassis market.
South America 40-Foot Container Chassis Market Segmentation
The South America 40-foot container chassis market size is segmented based on axle and type.
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 the largest market share in 2023.
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 segment held the largest market share in 2023.
Based on country, the South America 40-foot container chassis market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market in 2023.
Triton International Ltd; Schmitz Cargobull AG; Panda Mechanical Co Ltd; and Karl Kassbohrer Fahrzeugwerke GmbH are the leading companies operating in the South America 40-foot container chassis market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 30.42 Million |
| Market Size by 2028 | US$ 37.09 Million |
| CAGR (2023 - 2028) | 4.0% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2028 |
| Segments Covered |
By Axle
|
|
Regions and Countries Covered
|
|
| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
|
The South America 40-Foot Container Chassis Market is valued at US$ 30.42 Million in 2023, it is projected to reach US$ 37.09 Million by 2028.
As per our report South America 40-Foot Container Chassis Market, the market size is valued at US$ 30.42 Million in 2023, projecting it to reach US$ 37.09 Million by 2028. This translates to a CAGR of approximately 4.0% during the forecast period.
The South America 40-Foot Container Chassis 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 South America 40-Foot Container Chassis Market report:
The South America 40-Foot Container Chassis Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America 40-Foot Container Chassis Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America 40-Foot Container Chassis Market value chain can benefit from the information contained in a comprehensive market report.
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