40-Foot Container Chassis Market Size and Growth 2031

The 40-foot container chassis market size is projected to reach US$ 2516.88 million by 2031 from US$ 1300.84 million in 2023. The market is expected to register a CAGR of 8.6% in 2023–2031. The demand for 40-foot containers is growing 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 40-foot containers, manufacturers are scaling up their manufacturing operations, which propels the demand for chassis for these containers. Moreover, they are launching new products with added features to boost their revenue sales and customer base.

40-Foot Container Chassis Market Analysis

Regulatory bodies and regulations such as the Federal Motor Carrier Safety Administration (FMCSA), container safety certificate (CSC), and the International Organization for Standardization (ISO) have a strong influence on the manufacturing and sale of container chassis. In February 2021, Federal Motor Carrier Safety Administration (FMCSA) enforced its Intermodal Chassis rule that requires intermodal equipment providers (IEPs), motor carriers, and drivers to share responsibility for the safety of intermodal equipment used on highways. Further, government investments in highway and road infrastructure to enhance the quality of roads, railroads, ports, and air transport are anticipated to trigger the demand for container chassis in the coming years. An improved transportation infrastructure would boost logistics operations in the commercial and industrial sectors, thereby aiding in the secure and timely delivery of goods and services. In March 2023, the provincial government of Newfoundland and Labrador announced an investment of ~US$ 1.4 billion to enhance road and highway transportation infrastructure over the next five years. In March 2023, the UK government announced plans of investing ~US$ 43.50 (£ 40) billion in transformational transport schemes across the country over the next two years. 40-foot container chassis are used in various commercial and industrial transportation. Thus, government investments to boost the commercial and industrial segments of economies by improving road and highway infrastructure are projected to offer promising growth opportunities for the 40-foot container chassis market during the forecast period.

40-Foot Container Chassis Market Overview

The 40-foot container chassis market is generally used by intermodal equipment providers (IEP), shipping lines, and motor carriers, which involves regional and local movement of containers by trucks. Chassis is used for moving containers from loading areas to the yard, as well as to yard storage areas, at terminals. The chassis systems are strong and sturdy and protect containers from the impact of sharp and sudden movements when in transit, thereby ensuring efficient and safe transportation.

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40-Foot Container Chassis Market: Strategic Insights

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40-Foot Container Chassis Market Drivers and Opportunities

Rise in Trading Operations Across World

According to the World Trade Organization (WTO), in 2022, world trade has increased by an annual average of 4% in terms of volume and 6% in terms of value since 1995. Globalization has been one of the primary reasons for the growth in world trade. A resultant upsurge in the demand for shipping goods drives the need for container chassis to transport 40-foot containers. Further, the use of these chassis is not limited to transferring goods by sea and land. They are also used for the intermodal transfer of containers via different modes of transportation, such as ships, trains, and trucks. Thus, the continuously growing trade activities across the world bolster the growth of the 40-foot container chassis market.

Integration of Modern Technologies in Chassis

The integration of IoT in chassis systems has facilitated strong connectivity between the chassis and other components of a supply chain, leading to enhanced visibility and real-time tracking of cargo on phones or computers. IoT is likely to be extrapolated in a these chassis to enhance its efficiency. Moreover, advanced technologies such as telematics is perceived to have various benefits when integrated with intermodal chassis. Telematics can keep personnel updated by offering information on chassis departure and arriaval, which would resolve billing disputes and prevent theft occurrences. It also assists in better management of supply chains and freight networks.

40-Foot Container Chassis Market Report Segmentation Analysis

Key segments that contributed to the derivation of the 40-foot container chassis market analysis are type, and axle.

• Based on the type, the market is divided into 2-Axles, 3-Axles, 4-Axles. The 2-Axles segment held a larger market share in 2023.
• Based on type, the global 40-foot container chassis market is divided into below goosekneck, flip-up rear bolster, straight frame, and drop frame. The goosekneck segment held a larger market share in 2023.

40-Foot Container Chassis Market Share Analysis by Geography

Based on geography, the North America 40-foot container chassis market is segmented into the US, Canada, and Mexico. The region is a pioneer in adopting and expanding its business capabilities to meet the growing customer demand. With globalization, there is a rising demand for goods and services transported across international borders. Import and export activities in the region are increasing. For instance, according to the Bureau of Economic Analysis, the import and export activities between the US and China increased in 2022 compared to 2021. Thus, these increased trades of goods require large containers and chassis to transport the goods from ports and warehouses. To cater to such demand, market players are taking strategic initiatives to boost the sales of 40-foot container chassis. For instance, in June 2022, GIC, OMERS Infrastructure, and Wren House jointly acquired Direct Chassis Link Inc. (DCLI), a chassis leasing company in the US. This acquisition will strengthen the DCLI capabilities to reach more customers and leverage the constant support from the GIC, OMERS Infrastructure, and Wren House. Moreover, market players are building new chassis manufacturing units to cater to the rising chassis demand amid the chassis shortage issue in the US. For instance, in October 2020, California-based CIE Manufacturing (CIEM) opened its new chassis manufacturing plant in Virginia and rolled out its first container chassis. The aim of building this manufacturing plant was to manufacture chassis capable of transporting 40-foot and 40/45-foot intermodal containers. In addition, CIEM expanded its California manufacturing plant in 2020. In March 2022, TRAC Intermodal partnered with American Made Chassis (AMC) to manufacture and supply new marine 40-foot container chassis. Strategic partnerships among the market players to manufacture 40-foot container chassis lead to increased collaboration in design, manufacturing, and distribution capabilities of the market players, helping fuel the 40-foot container chassis market growth in North America.

40-Foot Container Chassis Market Regional Insights

The regional trends and factors influencing the 40-Foot Container Chassis Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses 40-Foot Container Chassis Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

40-Foot Container Chassis Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The 40-Foot Container Chassis Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the 40-Foot Container Chassis Market are:

1. Chassis King Inc
2. Fliegl Fahrzeugbau GmbH
3. Cheetah Chassis Corp
4. Triton International Ltd
5. Karl Kassbohrer Fahrzeugwerke GmbH
6. CIE Manufacturing

Disclaimer: The companies listed above are not ranked in any particular order.

40-Foot Container Chassis Market News and Recent Developments

The 40-foot container chassis market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

• In April 2022, Triton brings TAL Chassis under the umbrella of its main brand. The company continued to focus on chassis term leasing and direct sales to customers looking for flexible, low-cost solutions and thoughtful and innovative lease structures. (Source: Triton, Press Release)
• In April 2022, Kässbohrer and CM Logistik Gruppe established their new partnership with 40 middle-rear extendable multifunctional container chassis K.SHG AMH vehicles. (Source: Kässbohrer, Press Release)

40-Foot Container Chassis Market Report Coverage and Deliverables

The “40-Foot Container Chassis Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:

• 40-Foot Container Chassis Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
• Market dynamics such as drivers, restraints, and key opportunities
• 40-Foot Container Chassis Market Trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• 40-Foot Container Chassis Market Analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments

• 40-Foot Container Chassis Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
• Detailed company profiles