openPR Logo
Press release

Cargo Shipping Market Size, Global Industry Report to 2026

06-04-2020 11:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The cargo shipping market will augment with a modest growth rate during the forecast period 2020-2026. Cargo shipping companies engaged in the transportation of goods, cargo, and commodities by the water routes. The cargo ships operate at both the domestic and international routes. However, the share of the international route is way higher than the domestic transportation. Low cost and the ability to transport goods in bulk are key factors that the cargo ships are preferred over the road, air, and railway transportations. Moreover, there are fewer regulatory complications in international waterways transportation as compared to roadways and railways.

Get Free Sample Copy @ https://www.omrglobal.com/request-sample/cargo-shipping-market

Some of the most common vessels used for cargo shipping include oil tankers, bulk carriers, general cargo ships, and container ships. As per the United Nations, in 2019, the capacity of the vessel was increased to 1.97 billion dead-weight tons (dwt) with a fleet size of 95,402 as compared to 1.92 dwt in 2018. The carrying capacity of the cargo ships increased by 2.6% in 2019 YoY. In vessels type, oil tankers and bulk carriers maintain the largest market share all across the globe with a share of 28.7% and 42.6% respectively in 2019. Whereas gas carrier shows the most promising segment and witnessed a growth rate of 7.25% YoY in 2019. The capacity of the gas carrier has increased from 64.4 million dwt in 2018 to 69.0 million dwt in 2019 (with a market share of 3.5% in 2019). It is due to significant growth in the natural gas demand in emerging economies such as China and India. Contrary to this, the growth in the oil tanker capacity was less than 1% in 2019.

A Full Report of Global Cargo Shipping Market is Available at: https://www.omrglobal.com/industry-reports/cargo-shipping-market

Similar growth trends were expected during the forecast period however due to the COVID-19 pandemic, the demand for crude oil and natural gas has plummeted significantly in the first half of 2020. Moreover, the global economic downfall is expected in 2020, and further economic slowdown in a couple of years due to which a decline in the growth of cargo shipping will be witnessed for a couple of years as compared to 2019 level. Cargo shipping companies are expecting less revenue in 2020 and adopting cost-cutting measures such as halting expansion plans. Some of the major companies operating in the market include A.P. Møller – Mærsk A/S, Mediterranean Shipping Company S.A., China Ocean Shipping Co. (COSCO), Hapag-Lloyd AG, and Ocean Network Express Holdings Ltd.

Global Cargo Shipping Market- Segmentation

By Industry Type

Metal & Non-Metal
Fossil Fuel
Food & Beverage
Electronics
Automotive
Chemical & Pharmaceuticals
Machinery
Textile
Others

By Vessel Type

Oil Tankers
Bulk Carriers
General Cargo Ships
Container Ships
Other

Company Profiles

A.P. Møller – Mærsk A/S
Arkas Container Transport S.A
China Ocean Shipping Co. (COSCO)
CMA CGM S.A.
Evergreen Marine Corp.
Hapag-Lloyd AG
Hyundai Merchant Marine Co. Ltd.
Islamic Republic of Iran Shipping Lines
Korea Marine Transport Co., Ltd.
Others

Regional Outlook

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Latin America
Middle East and Africa

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/cargo-shipping-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cargo Shipping Market Size, Global Industry Report to 2026 here

News-ID: 2067009 • Views:

More Releases from Orion Market Research

Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sustainability Preferences
Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sust …
Hair accessories market was valued at $23.8 billion in 2024 and is projected to reach $55.2 billion in 2035, growing at a CAGR of 8.2% during the forecast period (2025-2035). Generation Z, with significant disposable income, is transforming the hair accessories category in a major way. Their close connection to trends creates a unique feeling of urgency to self-express through fashion, such as clips, scrunchies, and barrettes. It has become
Railway Management System Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Railway Management System Market Size Analysis, Competitive Insights, Leading Pl …
Railway System (or Railway Management System) market was valued at approximately USD 28.28 billion, and it is expected to reach about USD 45.19 billion by 2033, growing at a CAGR of around 4.8% from 2024 to 2033. Railway Management System Market Overview The Railway Management System market includes technologies and systems used to plan, monitor, and manage railway operations-everything from traffic and signaling systems to asset and maintenance management, passenger information,
Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Player …
Monocalcium Phosphate market was valued at about USD 4.2 billion, and it is anticipated to reach around USD 6.9 billion by 2033, growing at a CAGR of approximately 5% from 2023 to 2033. Monocalcium Phosphate Market Overview Monocalcium phosphate (MCP) is a calcium-phosphorus compound widely used in animal feed, fertilizers, and also in food and beverage applications (for example as leavening agent or acidity regulator), due to its solubility and bioavailability. The
Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Player …
Automotive Lubricants Market was valued at approximately USD 70.44 billion. By 2033, it is expected to reach around USD 107.09 billion, growing at a CAGR of about 3.3% from 2025 to 2033. Automotive Lubricants Market Overview The automotive lubricants market consists of products like engine oils, gear oils, greases, hydraulic fluids, and transmission fluids that reduce friction, wear and tear, and improve efficiency and lifespan of vehicle components. Demand is driven by

All 5 Releases


More Releases for Shipping

Dry Bulk Shipping Service Market Dynamic Growth Factors, and Outlook until 2030 …
The Dry Bulk Shipping Service Market research report represents major insights on the current growth dynamics as well as the primary revenue generation elements that are available in the Dry Bulk Shipping Service industry along with various other factors over the predicted period 2023-2030. The report on the Dry Bulk Shipping Service market is focusing on a series of parameters including top manufacturing strategies, industry share, prime opportunities, industrial channels,
Container Shipping Market Current Impact to Make Big Changes 2023-2030| HANJIN, …
The Container Shipping Market is valued at USD 5.01 Billion in 2022 and is expected to reach USD 11.40 Billion by 2030 with a CAGR of +8% over the forecast period. The Container Shipping Market study with 65+ market data Tables, Pie charts and figures is now released by GMV. The research assessment of the Market is designed to analyze futuristic trends, growth factors, industry opinions, and industry-validated market facts to
Container Shipping Market Next Big Thing | Major Giants Maersk, Mediterranean Sh …
Containers are basically used to transport the objects from one place to another. In container shipping, the containers are of various standard sizes that is 20 foot (6.09 m), 40 foot (12.18 m), 45 foot (13.7 m), 48 foot (14.6 m), and 53 foot (16.15 m), they are used to load, transport, and unload the objects or goods. As a result, then, containers can be moved by ships, trains, and
Container Shipping Market May See a Big Move | China Shipping Container Lines, H …
Global Container Shipping Market Insights, Forecast to 2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Container Shipping Market. Some of the key players profiled in the study are China Shipping Container Lines,
Container Shipping Market 2020 Global Trend and Forecast to 2025 | HANJIN, China …
Containers are generally created of aluminum and steel. Individual size and type of container comply with specifications and regulation formulated by the International Organization for Standardization (ISO). Shipping containers holds a wide variety of types. The most essential type of container shipping market trends is dry cargo. Dry cargo containers are often called as a special containers as it include open end, half- , open side, open top, refrigerated, modular, flat
Container Shipping Market Analysis & Industry Outlook 2019-2025| HANJIN, China O …
Containers are generally created of aluminum and steel. Individual size and type of container comply with specifications and regulation formulated by the International Organization for Standardization (ISO). Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/533 Shipping containers holds a wide variety of types. The most essential type of container shipping market trends is dry cargo. Dry cargo containers are often called as a special containers as it include open end, half- ,