Flat Rack Containers Market Insights Video

According to Cognitive Market Research, the global Flat Rack Container market size was USD 7216.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 13.20% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 2886.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2164.98 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1659.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 360.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 144.33 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.
• The automobile industry category is the fastest growing segment of the Flat Rack Container industry