Nikhil Kaitwade, Research Head- Automotive Domain at Fact.MR discusses key trends influencing growth of dry van containers market
Q. How will growth in the European seaborne trade push adoption of dry van containers?
Unstoppable progress of international trade in Europe, primarily sea-borne, is seeking standardized as well as specialized dry van containers. A wide range of sizes, including 20 ft., 40 ft. and 40 ft. high cube, are in demand as per varying demands of various applications. As per a revelation by the International Chamber of Shipping, seaborne trade accounts for more than 90 percent of the worldwide overseas trade. This provides enough credence to the inevitable growth of seaborne trade across all the key regions including Europe, which is conducive to a healthy growth trajectory of dry van containers market.
Q.Will the trend of Prefab in European construction industry shaping demand for dry van containers?
The trend of prefab (prefabricated home) or modular building, which refers to shipping of a pre-constructed building in parts and then assembled on the respective jobsite, is invading the European construction space. Although this methodology significantly reduces the build time-intervals on site, but it also necessitates adoption of large storage spaces, fostering the demand for dry van containers.
The adoption of dry van containers also helps in safeguarding the prefabricated houses from potential vandals or weather-related adversities on the job site. In response to this on-going trend, manufacturers are vying to offer containers with capacity of storing large prefabricated pieces for seamless storage with minimal inconvenience.
Q. Which is the widely preferred material for manufacturing dry van containers in Europe?
Steel remains a highly favored option for manufacturing dry van containers in Europe, driven by multifarious benefits in terms of strength, durability, and versatility. Apart from optimal durability, pricing of steel has also played a vital role in enhancing its appeal for manufacturing dry van containers, as steel is way more economical as compared to aluminum. This, in turn, has also triggered use of steel to develop containers meant for transportation or logistics.
However, use of aluminum has also started gaining grounds in the recent times, in the recent times, albeit use at a relatively lower base. Features such as excellent strength, superlative corrosion resistance, unmatched magnetic resistance, and high elasticity, are fuelling its demand in the dry van container manufacturing space.
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