The Global Cargo Shipping Market, according to a report by Market Research Future (MRFR), is expected to register a moderate 3.67% CAGR during the review period. The global cargo shipping market valuation is slated to be recorded at USD 16.06 billion tons by the end of 2025.
Drivers and Restraints
Seaborne trade is likely to expand internationally, as shipping is the lifeline of the global economy. the bulk transport of raw materials, rising global trade, and the import/export of food and manufactured goods are essential in any economy. The global shipping industry is responsible for carrying out around 90% of world trade. The increasing seaborne trade has widened the scope of cargo shipping across the globe.
The global shipping industry is substantially driven by the demand and prices of foreign commodities, which includes crude oil, agricultural commodities, metals, and others. With the global increase in population and their disposable income, the demand for food products, consumer goods, and essential commodities such as minerals, metal, and oil & gas has also increased. This has enhanced the international trade of such commodities, between countries, and in turn, has driven the cargo shipping markets.
Furthermore, numerous government and non-government institutes are expected to promote the export capacity of several commodities, which consequently brings an inflow of foreign currency in the economy. The project offers value chain assistance to enhance the international trade of these countries. This drives the market for the shipping industry.
Get a FREE Sample with Complete TOC @ https://www.marketresearchfuture.com/sample_request/3165
Segmental Analysis
The global market for cargo shipping has been bifurcated based on cargo type and industry. On the basis of cargo type, the global market has been segmented as bulk cargo, general cargo, container cargo, and liquid cargo. The broad cargo segment is projected to witness the highest CAGR over the review period, owing to its features like superior flexibility for shipping containers.
Based on the end-use industry, the global market has been segmented into food, manufacturing, oil & ores, and electrical & electronics. The manufacturing segment accounts for the highest share owing to its growing economy as one of the crucial factors for market expansion.
Regional Analysis
Based on the region, the global cargo shipping market has been segmented into North America, the Middle East & Africa, Europe, Asia-Pacific, and South America.
Asia-Pacific is one of the significant regions in the market and is slated to register the highest growth rate during the forecast period. China is the largest manufacturing hub in Asia-Pacific. The industry in China is driven by cheaper labor costs. Other factors that are contributing to the market growth in the region are the developments in the infrastructure of the port, the augmented market demand, and constant government support. Moreover, Asia-Pacific is also the fastest-growing region during the forecast period and is likely to register the maximum growth rate during the review period. Furthermore, fast globalization and demographic changes are also a few other vital factors that are driving the market region. The Shanghai Port (China), Hong Kong, S.A.R.(China), Ningbo-Zhoushan (China), Shenzhen Port (China), and Singapore Port & Keihin Port (Japan) are few of the port terminals that manage millions of TEU, annually, and are thereby driving the growth of the market in Asia-Pacific.
Vast productivity gains associated with the increased usage of automation and information technologies have helped North American manufacturers to retain in many aspects of end-use industries and enhance their global competitiveness in recent years.
Competitive Analysis
The major market players operating in the global cargo shipping market are A.P. Moller-Maersk Group (Denmark), Panalpina World Transport (Holding) Ltd. (Switzerland), Mediterranean Shipping Company S.A. (Switzerland), CMA -CGM SA (France), China COSCO Holdings Company Limited (China), DHL Global Forwarding (Germany), Nippon Express Co., Ltd. (Japan), Hapag-Lloyd AG (Germany) Deutsche Bahn AG (Germany), and Panalpina Welttransport Holding AG (Switzerland), and others.
Browse More Information On This Report at: https://www.marketresearchfuture.com/reports/cargo-shipping-market-3165
List of Tables
Table 1 Global Cargo Shipping Market, by Cargo Type
Table 2 Global Cargo Shipping Market, by Industry
Table 3 Global Cargo Shipping Market, by Regions
Table 4 North America Cargo Shipping Market, by Country
Table 5 North America Cargo Shipping Market, by Cargo Type
Table 6 North America Cargo Shipping Market, by Industry
Table 7 U.s. Cargo Shipping Market, by Cargo Type
Table 8 U.s. Cargo Shipping Market, by Industry
Continued……
List of Figures
Figure 1 Research Type
Figure 2 Global Cargo Shipping Market: by Cargo Type (%)
Figure 3 Global Cargo Shipping Market: by Industry (%)
Figure 4 Global Cargo Shipping Market: by Region
Figure 5 North America Cargo Shipping Market, by Cargo Type (%)
Figure 6 North America Cargo Shipping Market, by Industry (%)
Figure 7 Europe Cargo Shipping Market, by Cargo Type (%)
Continued……
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Other Related Market Research Reports:
Global Construction Equipment Market Information by Equipment (Earth moving, Material handling, Concrete, and others), by Application (Oil & Gas, Infrastructure, Construction, Agriculture, Mining and others) by End-use (Lifting & material handling, Earth moving, Excavation, Transportation, and others), and Region – Forecast to 2022
Global Plasterboard Market: Information by Form (Square-Edged and Tapered-Edged), Type (Damp-Proof Plasterboard, Fire-Resistant Plasterboard, Impact-Resistant Plasterboard, Insulated Plasterboard, Moisture-Resistant Plasterboard, Sound-Insulated Plasterboard, Standard Plasterboard and Thermal Plasterboard), by End-Use Industry (Residential and Non-Residential) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) – Forecast till 2025
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/cargo-shipping-market-3165