Global Shipping Container Modification Market (2020 to 2027) - by Size, Application and Region prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Shipping Container Modification Market to Reach $114.58 Bn, Globally, by 2027 at 6.6% CAGR: Allied Market Research
PORTLAND, Ore., June 9, 2021 /PRNewswire/ Allied Market Research published a report, titled, Shipping Container Modification Market by Size (Small Container (20 Feet) and Large Container (40 Feet), and Application (Energy and Mining, Construction, Retail and Commercial, Disaster Relief, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027. According to the report, the global shipping container modification industry generated $76.52 billion in 2019, and is estimated to reach $114.58 billion by 2027, witnessing a CAGR of 6.6% from 2020 to 2027.
Prime determinants of growth:
Reduction in cost and time needed for construction, rise in need for protection of architecture from changing environment in cold regions, and east in installation and relocation drive the growth of the global shipping container modification market. However, low life span o