Knowing the latest trends and developments in the container leasing market will help you make better and more profitable business decisions. This blog gives you a thorough rundown of the current market and also connects you with top leasing companies on Container xChange. Read on!
Container leasing is one of the most thriving sectors of the shipping industry today and it’s continuously growing at a fast pace. In fact, about half of the global container fleet belongs to leasing companies. Hence, now would be the right time for your business to invest in leasing.
What’s surprising to know is that despite this tremendous growth there are only 13 container leasing companies of substance left. This clearly indicates that the container leasing market has become a battleground for some of the top container suppliers in the world. And shippers are left with not much negotiation power.
But with Container xChange, you don’t have to worry about that. With us, you have more control over leasing a unit from top companies. On our online leasing marketplace, you can lease containers from 1,500+ vetted companies in 2500+ locations worldwide. We also provide you with complete market price transparency and competitive rates upfront so that you can compare and negotiate costs and terms with these companies directly. And find deals that match your requirements and budget.
Interested in negotiating deals with vetted companies and industry big-wigs such as Seaco Global, Trident, SeaCube, among others? You are just one step away! Use our public search to lease dry containers, reefers, flat racks, open-tops, and other container types in minutes on your route. Just enter your pick-up and drop-off locations, and hit the search button. Try now!
Container leasing market size, share, trends, and growth in 2023
The container leasing market was valued at US $6094 Million in 2022 and is projected to reach US $7522 Million by 2028, growing at a CAGR of 4.3% during the forecast period 2023-2028.
You can attribute this growth to the increasing demand for containers as international seaborne containerized trade rises.
Despite the supply chain disruptions, the demand for boxes is growing. The e-commerce boom, port congestion, and container imbalance have only increased the demand for boxes in such volatile times. As a result, the shippers and forwarders are choosing to lease instead of buying containers. Why? Because leasing gives you more flexibility and control over the shipping process. And, also saves money. Learn more on how you can save money in this separate blog on container leasing.
Now, it is time to lease a container; head over to our leasing marketplace to lease containers at top rates from 1500+ vetted suppliers.
As you can see, there’s a lot happening on the leasing side in the industry right now. Let’s break down the market trends and growth in detail for you below.
Container leasing market locations segment
The key players contributing to this container leasing industry growth region-wise are North America, especially The United States. The market in North America is expected to grow considerably during the forecast period, 2023-2028. The high adoption of advanced technology and the presence of large players in this region are expected to create abundant growth opportunities for the market.
Europe also plays an important role in the leasing market, with a splendid growth in CAGR during the forecast period 2023-2031.
When it comes to APAC (Asia-Pacific), this region is anticipated to contribute 47% of the leasing market growth in 2023. Locations such as China, India, Australia, Malaysia, Japan, and Singapore are projected to witness growth in port activities, a rise in the volume of containerized goods, and development in the manufacturing industry during 2023.
India is expected to be one of the fastest-growing economies among the seven largest emerging markets and developing economies. India is strengthening its trade ties, infrastructure, transportation, and logistics network to take advantage of the rapidly evolving market conditions. So, if you’re interested in leasing a unit in India, check out the latest leasing rates on our platform and let our expert team guide you to your box.
Container leasing market product segment
In the leasing market product segment, the market share for dry containers, reefers, and tank containers is on the rise. Capitalizing on leasing out reefers, dry containers, and tanks to customers in accordance with their requirements can surely increase your profit margins. If you need to lease any of these boxes you can choose from 50,000+ container types on our platform right away!
Container leasing market cost overview
The lowering of leasing rates worldwide is the cherry on the cake that contributes to the growth of the leasing market. On our platform, we noticed a sharp drop in costs globally and we wanted to you be privy to it:
- The average price in China for 40ft dropped from US $3,413 in May 2022 to US $1,516 in May 2023; US $3,546 to US $1,487 in Singapore; US $3,213 to US $1,441 in Vietnam. The average pick-up charge for 20ft from Shenzhen to Chennai was only US $53 in June.
- In India, the average prices of containers (all types and conditions) have also been plummeting. In May, the average price of a box was 51.15% lower (US $2,299) than at the same time last year (US $4,494). The average pick-up charge for 40HC from Mundra to Copenhagen was US $857 in June.
- The average price of 40ft has dropped by US $1,000 in a year in the Middle East. The average pick-up charge of 20ft from Jebel Ali to Antwerp was only US $31 in June.
- The average prices in Europe for 40ft have continued to fall in the last two years. The pick-up rate of 40HC from Hamburg to Dalian was US $252 in June.
- The average price of a cargo-worthy 40ft in the US in May was US $2,048, marking a drop of 40.6% since May 2022 when the same box was US $3,092. The average pick-up rate of 40HC from Warsaw to Qingdao was US $623 in June.
You can get more insights into the current costs around the world along with industry trends and latest happenings in our monthly logistics report. Download your free copy of Where Are All the Containers, right here.
Container leasing market and digitalization
We can’t talk about market growth without bringing in digital innovation and advancement which further optimize the performance of the industry. From real-time tracking to having leasing and other documents stored on the cloud for quick access, everything is digitalized!
Today shipping technology companies are using digital services to help streamline their operations to be at the top of their game. So, if you haven’t already, it’s time to get on the digital bandwagon to ease your workload, and our freight forwarding management software can help you do just that.
With all your information on the leasing market growth intact, let’s explore the top 10 leasing companies in 2023.
Container leasing market: What are the top 10 leasing companies in 2023
The top 10 container leasing companies in 2023 are:
1. TRITON International- 7.1 million TEU capacity
2. Textainer Group- 4.4 million TEU capacity
3. Florens- 3.9 million TEU capacity
4. Seaco Global- 2.4 million TEU capacity
5. Beacon Intermodal- 1.8 million TEU capacity
6. CAI International- 1.5 million TEU capacity
7. Seacube Containers- 1.2 million TEU capacity
8. Touax Container Solution- 393,064 TEU capacity
9. Blue Sky Intermodal- 300,000 TEU capacity
10. CARU Containers
These are the top 10 container leasing companies you should connect with this year. And if you’re wondering how to go about doing that, our platform has 1,500+ vetted companies waiting to connect with you right now!
Get insights on the container leasing market and lease boxes on Container xChange
Through this blog, you’ve had the chance to explore the container leasing market. And now if you’re interested in leasing containers, then you should know all about the market trends. Only then you’ll be able to make informed decisions and make the most out of your deals.
On our online marketplace, 1,500+ members are already sourcing and leasing containers daily. As a result, our leasing platform has become the most trusted online platform to capture the leasing trends worldwide. Let’s take a minute to understand how.
For instance, you’ve to lease containers from Duisburg (Germany) to Qingdao (China). You log in to our platform and simply state your pick-up and drop-off locations. Within seconds, you’ll receive leasing offers from several container leasing companies in one dashboard. You can also see the performance reviews and partner ratings on their company profile on xChange.
Browse through these offers to get clarity on current pick-up charges and free days on your route. This way, you can compare the offers to choose the one that suits you the best. Now that you know the trending leasing prices, you’ll have more negotiation power. And you will find the most competitive rates on our platform with zero hidden fees.
Why not start your leasing journey with us today? Interact directly with leasing companies to negotiate deals to pay exactly what you want by clicking the banner below.
Save money with Container availability index (CAx) forecasting
Now let’s go one step ahead with our container availability index (CAx) so you can save money with accurate forecasting.
Our data team has come up with an extremely helpful tool that estimates and forecasts container availability in various ports of the world. Let’s see what CAx actually does.
The CAx is an index prepared by Container xChange that monitors the import and export of full container load (FCL) around the major ports.
A CAx value of 0.5 means the same number of containers leave and enter a port in the same week.
- Values > 0.5 mean that more containers enter — indicating container surplus.
- Values < 0.5 mean more containers leave — indicating a container deficit.
If you’re planning to lease containers from a port with less container availability, you’ll be paying very high pick-up charges. But what if we tell you that you can avoid paying such high leasing rates?
Use our CAx to get an overview of container availability at your port in the weeks you’ll be shipping. If the value is > 0.5, you’ll ideally be paying lesser pick-up charges due to container surplus. And if the value is < 0.5, you’ll be paying higher costs due to the container deficit. Naturally, you should wait for weeks with > 0.5 CAx to ship cost-efficiently.
Unlock this tool to plan your shipping which saves you money. Click on the banner below to view container availability on your route!
Container leasing market: Types and characteristics of container leasing agreements
We know you’re ready to lease now, but there’s one last thing you have to be in the know about before you lease a box— container leasing agreements. Leasing agreements are the foundation of any leasing interchange that takes place between a leasing company (lessor) and a user (lessee). Have a look at the different types of agreements in the image below to find what suits your needs the best.
Among these, the one-way container agreement is a popular pick because with this you move your container only one way, for example, from the UK to India. So, the container user moves their cargo by paying the usual freight charges. While the owner transports the box without incurring the costs of empty container repositioning. On Container xChange you can crack good deals on one-way moves; give it a try today!
Get updates on the container leasing market and secure boxes at top deals on Container
As you know by now, through our market report and our platform’s cost comparisons you can gain insights on the container leasing market. And you can lease boxes with ease. So come and start your leasing journey with us today.
Container xChange is home to container leasing companies globally. You get complete transparency over the container leasing market with us. Even the container leasing big-wigs are using xChange to lease out one-way containers.
Whether you want to safely ship your perishable cargo in SeaCube’s advanced reefers. Or get your hands on specialized containers and related equipment from SeaCo. We’ve got you covered.
You get numerous one-way leasing options to choose from according to your requirement. All you’ve to do is enter your requirements and get offers from container leasing companies in 2500+ locations in the world. You can take your time to compare the deals and choose the offer that suits you the best.
Be a part of the leasing revolution taking the market by storm and start contributing to its growth by joining the most-trusted online container marketplace – Container xChange and enjoy the many benefits it has to offer. Click on the banner below to find containers today!
What is container leasing?
Container leasing refers to entering into a working agreement with a container supplier. The lessor leases containers from the supplier for a specified time-period and leasing rate, as agreed upon in the leasing agreement.
What is the container leasing market size?
In 2021, the global market size for container leasing was valued at $5.2 billion. It’s expected to reach $7.1 billion by 2026, growing annually by 17%.
How many percent of the world's containers are leased?
Container leasing is one of the most thriving sectors of the shipping industry. Almost 55% of the global container fleet is actually owned by container leasing companies.