40-Foot Container Chassis Market: Industry Expert View on Future Growth and Market Trends
The 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.
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, the 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. 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 container chassis market during the forecast period.
The US government has imposed duties of ~200% to halt the imports of chassis from China. Further, a surge in the volume of freight continues to outstrip the supply of chassis, and the availability of containers and laborers at ocean and rail hubs. This imbalance has forced shippers to hold on to their chassis units longer than the usual 3–5 days, further limiting the supply. However, the US government is implementing policies to ramp up the domestic production of chassis. Thus, the current shortage of chassis is anticipated to accelerate the domestic manufacturing of container chassis in the US in the coming years.
The container chassis market is segmented on the basis of axle, type, and geography. In terms of size, the market is categorized into 20’, 40’, 53’, and others. In terms of axle, the market is categorized into 2-axle chassis, 3-axle chassis, 4-axle chassis, and more than 4-axle chassis. Based on type, the container chassis market is sub segmented into standard type, tilt chassis, special type, drop frame type, extendable, and others. Based on country, the market is segmented into US and Canada. 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, Hercules Enterprise LLC are among the key market players profiled during the market study.
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.
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, the 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. 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 container chassis market during the forecast period.
The US government has imposed duties of ~200% to halt the imports of chassis from China. Further, a surge in the volume of freight continues to outstrip the supply of chassis, and the availability of containers and laborers at ocean and rail hubs. This imbalance has forced shippers to hold on to their chassis units longer than the usual 3–5 days, further limiting the supply. However, the US government is implementing policies to ramp up the domestic production of chassis. Thus, the current shortage of chassis is anticipated to accelerate the domestic manufacturing of container chassis in the US in the coming years.
The container chassis market is segmented on the basis of axle, type, and geography. In terms of size, the market is categorized into 20’, 40’, 53’, and others. In terms of axle, the market is categorized into 2-axle chassis, 3-axle chassis, 4-axle chassis, and more than 4-axle chassis. Based on type, the container chassis market is sub segmented into standard type, tilt chassis, special type, drop frame type, extendable, and others. Based on country, the market is segmented into US and Canada. 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, Hercules Enterprise LLC are among the key market players profiled during the market study.
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.
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