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Dry Bulk Shipping Market worth $66.94 billion by 2030, growing at a CAGR of 6.00% - Exclusive Report by 360iResearch
Dry Bulk Shipping Market | 360iResearch
The Global Dry Bulk Shipping Market to grow from USD 44.51 billion in 2023 to USD 66.94 billion by 2030, at a CAGR of 6.00%.
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Dry bulk shipping involves the transportation of dry commodities, including coal, iron ore, grains, and other bulk materials, through large transportation vessels. The dry bulk shipping vessels are specifically designed to transport bulk cargo in large quantities, and the materials are often in the form of loose particles or granules. Sugar, cement, and steel products are also shipped as minor bulks. Dry bulk shipping is considered a vital part of the global trade network and plays a crucial role in transporting essential raw materials from production sites to consumption centers around the world. However, the high cost of labor required to transfer the materials into cargo and the increased cost of transportation of dry bulk ingredients may adversely impact the growth of the dry bulk shipping market. Moreover, technological breakthroughs in transportation vessels, such as tracking shipping materials and assigning an identification number to particular goods, are expected to propel the use of dry bulk shipping solutions worldwide.
The dry bulk shipping market is evolving in the Americas owing to the presence of large economies and deep-water ports and significant investments in improving port infrastructure to meet the rising demand for commodities such as grains, coal, fertilizers, and metal ores. The US-Mexico-Canada Agreement (USMCA) has further facilitated regional trade growth. The dry bulk shipping market represents a developing landscape in the EMEA region owing to the strong presence of port facilities and substantial presence of oil reserves in states, including Saudi Arabia, that provide huge export volumes of crude oil internationally through their state-of-the-art terminals. Africa contributes significantly to the dry bulk shipping market by facilitating essential imports, including food materials, for its rapidly growing population. The APAC region, particularly China, Japan, and India, is resulting in elevated growth in the dry bulk shipping market due to burgeoning industrial and trade activities. China's robust increase in iron ore imports for steel production, along with India's strong demand for coal and Japan's importation of grains, exemplify the significance of these countries in the dry bulk shipping industry. Furthermore, continuous advancements in the dry bulk shipping industry, such as AI-based optimization algorithms for efficient cargo stowage and IoT-enabled real-time monitoring systems for vessel performance assessment, are anticipated to encourage the growth of the dry bulk shipping market globally.
Market Segmentation & Coverage:
This research report categorizes the Dry Bulk Shipping Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Major Dry Bulk Carrier and Minor Dry Bulk Carrier. The Major Dry Bulk Carrier is projected to witness significant market share during forecast period.
Based on Vessel Type, market is studied across Capesize, Handymax, Handysize, Mini, and Panamax. The Handymax is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Agriculture & Forestry, Construction, and Metals & Minerals. The Metals & Minerals is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Dry Bulk Shipping Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Dry Bulk Shipping Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Dry Bulk Shipping Market, highlighting leading vendors and their innovative profiles. These include Aims Shipping Corporation, Algoma Central Corporation, Berge Bulk Limited, Bolloré Logistics, Bulk Marine, C.H. Robinson International, Inc., Cargill, Incorporated, Castor Maritime Inc., CEVA Logistics Inc., CJ Logistics, Continental Bulk Carriers Pte Ltd., Dachser Group SE & Co. KG, Dampskibsselskabet Norden A/S, DB Schenker AG, Deutsche Post AG, Diana Shipping Inc., Dimerco, DSV Solutions Private Limited, Eagle Bulk Shipping Inc., Empire Bulkers Ltd., Eneti Inc., Genco Shipping & Trading Limited, GEODIS SA, Globus Maritime Limited, Golden Ocean Group Limited, Grindrod Shipping Holdings Ltd., Gulf Agency Company Limited, Mitsui O.S.K. Lines, Ltd., MUR GROUP BV, Navios Maritime Holdings Inc., Nippon Yusen Kabushiki Kaisha, Oldendorff Carriers GmbH & Co. KG, Pacific Basin Shipping Limited, Star Bulk Carriers Corp., and Western Bulk Management AS.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Dry Bulk Shipping Market, by Type
7. Dry Bulk Shipping Market, by Vessel Type
8. Dry Bulk Shipping Market, by End-Use
9. Americas Dry Bulk Shipping Market
10. Asia-Pacific Dry Bulk Shipping Market
11. Europe, Middle East & Africa Dry Bulk Shipping Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Dry Bulk Shipping Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Dry Bulk Shipping Market?
3. What is the competitive strategic window for opportunities in the Dry Bulk Shipping Market?
4. What are the technology trends and regulatory frameworks in the Dry Bulk Shipping Market?
5. What is the market share of the leading vendors in the Dry Bulk Shipping Market?
6. What modes and strategic moves are considered suitable for entering the Dry Bulk Shipping Market?
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