OSRAM-CONTINENTAL, HELLA GmbH & Co. KGaA, KOITO MANUFACTURING CO., LTD., MAGNETI MARELLI, STANLEY ELECTRIC CO. LTD – PROMINENT MARKET PARTICIPANTS IN THE SMART CONTAINER MARKET
The box industry is witnessing huge growth over the last few years. The technological companies and smart containers manufacturers integrate cutting-edge technology and IoT sensors into a logistics supply chain on the blockchain. Automotive, agriculture, food & beverage, consumer electronics, oil & gas, healthcare, and chemicals, among others, are some of the major users of smart containers globally. Domestics and overseas trade of goods such as consumer goods, oil, food items, drugs & medicines, and many more owing to rising customers demand from diversified industries. In the food industry, demand for processed, semi-processed, frozen, and organic food products is high globally. In pharmaceutical, the transportation of drugs is increasing owing to initiatives regarding drug discovery. Similarly, in the oil & gas industry, the trade business of oil is an increase across the world.
The prominent market players in the smart container market are Osram-Continental, Hella GmbH & Co. KGaA, koito Manufacturing Co., Ltd., Magneti Marelli, Stanley Electric co. Ltd among others for a considerable share of the market owing to their product offerings to the smart container market.
Market leaders are involved in taking up various market initiatives such as geographical expansion, product innovations by implementing advanced technologies, partnerships, contracts, joint ventures, funding, and inaugurating new offices across the world to maintain brand name globally. For instance, in 2020, Traxens announced that it would open a representative office in Shenzhen, China – its first office outside of France – to respond to the increasing need for more Asian exposure and local support for its global customers, In line with its international expansion strategy. Similarly, in 2019, Hapag-Lloyd placed a record order for the refrigerated containers. Production of 970 20-foot and12, 450 40-foot containers is scheduled to commence as early as July. The resulting customer products would be marketed under the name Hapag-Lloyd LIVE. These strategies help the companies to remain competitive in the smart container market.
Many well-known, as well as small local companies, are present in the market to provide smart container related software and solution to diversified industries. The larger firms are adopting the strategy of partnership, contractual alliances for the deployment of smart container to enhance their customer portfolio and expand footprint in different geographies. Some of the essential market initiatives from the industry are mentioned below:
|
Year |
News |
Country |
|
2020 |
Traxens announced that it would open a representative office in Shenzhen, China – its first office outside of France – to respond to the increasing need for more Asian exposure and local support for its global customers, In line with its international expansion strategy. |
APAC |
|
2019 |
Hapag-Lloyd placed a record order for the refrigerated containers. Production of 970 20-foot and12, 450 40-foot containers is scheduled to commence as early as July. The resulting customer products would be marketed under the name Hapag-Lloyd LIVE. |
Europe |
|
2019 |
ORBCOMM Inc. announced the release of its ReeferConnect and VesselConnect platforms, with advanced technology to enable remote command and control of new, energy-efficient containers. |
North America |
