Press release
Cargo Shipping market is estimated to grow at a CAGR of 6.09 % within the forecast period of 2023-2030 : Cognitive Market Research
Cargo Shipping market is estimated to grow at a CAGR of 6.09 % within the forecast period of 2023-2030 : Cognitive Market Research
Cargo shipping is transport used to transfer items, goods, and cargo from a port to a destination by ship. Cargo transport is the ability to transport bulky cargo that cannot be transported by land or air. In addition, these are slow as compared to other modes of transportation. Cargo ships are generally equipped with cranes and other similar equipment to load and unload the cargo.
Summary:
The Cargo Shipping Market Size Was Valued at USD 22.92 Billion In 2022 And Is Expected to Grow at A CAGR Of 6.09 % During the Forecast Period, Reaching USD 43.47 Billion By 2030
• Increasing demand for cargo transportation through ships and international marine freight transport are major factors expected to drive the growth of the cargo shipping market.
• Asia Pacific has the largest dominant revenue share in the cargo shipping market.
• The dry cargo segment has the largest dominant revenue share in the cargo shipping market.
To know more The Cargo Shipping market statistics click here:
https://www.cognitivemarketresearch.com/cargo-shipping-market-report
Market Dynamics:
Increasing demand for cargo transportation through ships and international marine freight transport are major factors expected to drive the growth of the cargo shipping market. Furthermore, increasing marine safety norms, automation in marine transportation, and the growth of the digital freight forwarding industry create growth opportunities for the cargo shipping market. However, fluctuations in transportation costs are a major factor expected to restrain the growth of the cargo shipping market.
• The dry cargo segment holds the major revenue share in terms of type
The dry cargo segment has the largest dominant revenue share in the cargo shipping market, Due to increasing electricity usage, there is a demand for import and export coal. In addition, increasing demand for dry bulk shipping due to the least expensive mode of transportation that can keep up with the expansion of dry cargo.
• The general cargo segment holds the major revenue share in terms of ship type
The general cargo segment has the largest dominant revenue share in the cargo shipping market. The general cargo ship has various benefits such as the capacity to modify supply size to meet client needs, affordable, effectiveness, and the ability to hold a big number of items are expected to drive the growth of the cargo shipping market.
• The food and beverages segment holds the major revenue share in terms of application
The food and beverages segment has the largest dominant revenue share in the cargo shipping market, due to the increasing demand for shipping containers in the food & beverages industry
Market Segmentation:
• Type: Container Cargo, General Cargo, Bulk Cargo
• Application:Oil, Ores, Food, Manufacturing, Electrical & electronics
• The Major Players: A.P. Moller-Maersk Group, CMA-CGM SA, Mediterranean Shipping Company SA, DHL Global Forwarding, China Cosco Holdings Company Limited, Nippon Express Co. Ltd, Hapag-Lloyd AG, Hyundai Merchant Marine, Ceva Logistics, EVERGREEN MARINE CORP
Regional Analysis:
• Asia Pacific accounted for the largest share of the cargo shipping market
Asia Pacific has the largest dominant revenue share in the cargo shipping market, due to the increasing population in the region and the presence of large manufacturing industries in China. In addition, increasing disposable income is expected to boost import demand for raw materials and finished goods, further complementing maritime trade in emerging markets and boosting the cargo shipping market growth.
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Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Cargo Shipping Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Cargo Shipping Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Cargo Shipping Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Mergers and Acquisition Analysis
• 5.2 Global New Launches Analysis
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Cargo Shipping Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Cargo Shipping Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Cargo Shipping Market Regional Analysis
Chapter 11 North America Cargo Shipping Market Outlook (2018 - 2030)
Chapter 12 Europe Cargo Shipping Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Cargo Shipping Market Outlook (2018 - 2030)
Chapter 14 Latin America Cargo Shipping Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Cargo Shipping Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more The Cargo Shipping market TOC click here:
https://www.cognitivemarketresearch.com/cargo-shipping-market-report#table_of_contents
News:
• CMA CGM Group and Electrolux announced an agreement to ship 40,000 TEU of household appliances through CMA CGM's cleaner energy liquefied natural gas solution.
In April 2022, CMA CGM Group and Electrolux has announced an agreement to ship 40,000 TEUs of household appliances through CMA CGM's Cleaner Energy LNG solution. CMA CGM's low-carbon offering, "Cleaner Energy LNG," allows the cargoes to be shipped on CMA CGM's dual-fuel LNG-powered vessels.
• Yang Ming has launched China-Australia direct service "CA2"
In February 2022, Yang Ming Group has launched a new direct flight between China and Australia. The China-Australia-2 Service. This new service is a joint operation with T. S. Lines Ltd., Pacific International Lines (PTE) Ltd., and Sea Lead Shipping.
Related Report:
Shipping container market - https://www.cognitivemarketresearch.com/smart-shipping-container-tracking-system-market-report
Shipbuilding market - https://www.cognitivemarketresearch.com/shipbuilding-market-report
ISO Shipping Container Market - https://www.cognitivemarketresearch.com/iso-shipping-container-market-report
Shipping Container Liners Market - https://www.cognitivemarketresearch.com/shipping-container-liners-market-report
Boiler Tank and Shipping Container Manufacturing Market - https://www.cognitivemarketresearch.com/boiler-tank-and-shipping-container-manufacturing-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research:
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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