North America Chassis Container Market is expected to reach US$ 1,615.28 million by 2030

Integration of Modern Technologies in Chassis is Boosting The North America Chassis Container Market Growth

According to our latest market study on " North America Chassis Container Market Forecast to 2030 –Global Analysis – by Axle, Size, and Type" the market is expected to grow from US$ 1,077.57 million in 2022 to US$ 1,615.28 million by 2030; it is anticipated to register a CAGR of 5.2% from 2022 to 2030.

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 container chassis to enhance its efficiency which is driving the chassis container market growth. 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 an interactive container chassis tracking dashboard using data such as sensor readings and errors. This application can help chassis controllers and logistics companies track the real-time locations of chassis, which helps improve the end-to-end supply chain. Thus, the integration of modern technologies with chassis systems creates lucrative opportunities for the chassis container market.

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According to the source United Nations Conference on Trade and Development (UNCTAD), the US is the world’s top trading nation as of April 2021. According to the World Bank, the US exported US$ 1,430,254 million of goods and imported US$ 2,405,382 million of goods in 2020. The export and import activities propel the demand for efficient and cost-effective transportation solutions. The steady increase in the volume for export and import drives the demand for container chassis for the movement of goods, ultimately leading to rapid growth in the  chassis container market share of the country.

Based on type, the North America chassis container market share is segmented into standard, extendable, drop frame, tilt chassis, special, and others.

The others segment of North America chassis container market comprises gooseneck-type, lightweight, and sliding chassis. Gooseneck-type is one of the popular types of chassis as it can accommodate taller containers, making them suitable for transporting high-cube or specialized cargo that may not fit on a chassis of standard size. This type of chassis is available in various designs: cranked or rigid and thus mobile with or without a tunnel, with front or rear extension, galvanized or painted, and in light or heavy design. Owing to the lower center of gravity provided by the gooseneck design, it enhances stability and helps reduce the risk of tipping, ensuring safer transportation of cargo. Moreover, the lower profile of the gooseneck chassis reduces wind resistance, potentially leading to enhanced fuel efficiency during transportation. All such benefits are anticipated to propel the demand for gooseneck types of container chassis.

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 are among the key chassis container market players profiled during this study. In addition, several other important market chassis container market players were studied and analyzed during this study to get a holistic view of the market and its ecosystem.

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