Dry Bulk Materials Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | C.H. Robinson, Transpro Burgener, Bulkmatic Transport, Kenan Advantage Group Inc., Quality Distribution Inc., Trimac Transportation Services Inc., Fo

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Dry Bulk Materials Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The dry bulk materials market size has grown strongly in recent years. It will grow from $402.16 billion in 2023 to $437.21 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increase in the shipping of steel and coal, rise of seaborne trade, strong economic growth in emerging markets, increasing industrialization and growing urbanization.

The dry bulk materials market size is expected to see strong growth in the next few years. It will grow to $598.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increase in iron ore and coal transportation, growing demand for dry bulk shipping, increase in the shipping of steel, increasing infrastructure projects and growing demand for iron ore, coal, grain, bauxite/alumina. Major trends in the forecast period include technological advancements, sustainable materials, volatile raw material prices, lower investment in newbuilds and market intelligence.

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Market Segmentation:
The main commodity types in the dry bulk materials trucking market are iron ore, coal, and pet coke, grains and agricultural products, cement and aggregates, fertilizers, and others. Iron ore is a rock from which iron is extracted in mineral form. The market is segmented by vessel type into capesize, handysize, panamax, and handymax, and by application into food and beverages, construction, automotive, energy and mining, agriculture, chemicals, and others. It is divided by end-use into iron ore, steel products, lumber or logs, and others.

Major Driver - Growing Demand For Dry Bulk Material Trucking In Response To Industrial And Infrastructure Need
Rising demand for raw materials for the manufacturing, defense, and infrastructure sectors is driving the growth of the dry bulk material trucking market. This upsurge in demand is attributed to the rise in industrialization, population, and urbanization. For instance, according to the report of the World Bank, the European mineral raw materials industry demonstrated a considerable increase in the production of minerals needed for clean energy technologies. It additionally clarifies the requirement for a wide range of minerals and metals for implementing renewable energy strategies and their related infrastructure. The demand for minerals such as graphite, lithium, and cobalt is expected to be as high as 500% by 2050. There is a need for efficient dry bulk trucks to carry these dry bulk materials, thereby driving the growth of dry bulk materials market.

Competitive Landscape:
Major companies operating in the dry bulk materials market include C.H. Robinson, Transpro Burgener, Bulkmatic Transport, Kenan Advantage Group Inc., Quality Distribution Inc., Trimac Transportation Services Inc., Foodliner Inc., Heniff Transportation Systems LLC, Superior Bulk Logistics Inc., Groendyke Transport Inc., Ruan Transportation Management Systems, Dupre Logistics LLC, Eagle Transport Corporation, Martin Transport Inc., Florida Rock And Tank Lines Inc., United Petroleum Transport Ltd., Tankstar USA Inc., Coastal Transport Co. Inc., Apex Logistics International Inc., Cliff Viessman Inc., J and M Tank Lines Inc., Andrews Logistics LP, Grammer Industries Inc., Prime Inc., Belships ASA, Berge Bulk Singapore Pte. Ltd., Diana Shipping Inc., Freeseas Inc., Genco Shipping and Trading Limited, Globus Maritime Limited, Golden Ocean Group Ltd., Gulf Agency Company Ltd., Star Bulk Management Inc., Western Bulk Management AS, Cargill Incorporated., Archer Daniels Midland Company, Bunge Limited, Louis Dreyfus Company BV

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Top Trend - Technological Advancements Transforming The Dry Bulk Materials Market
The dry bulk materials market is increasingly using technology for higher output and efficiency, which is gaining significant popularity in the dry bulk materials market. The use of technology includes artificial intelligence, automation, the use of apps, and others. For instance, in April 2020, Roger, a technology company for trucks, has developed an app that will provide real-time information about the status and location of all their current loads, boosting the efficiency of the businesses. The technology reduces information generation time, digitises paperwork, tickets, and back-and-forth communication. The app will have features such as paperless tickets, fast digital payment processing, integrations with major industry ERPs, and a digital freight marketplace.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Dry Bulk Materials Market Characteristics
3. Dry Bulk Materials Market Trends And Strategies
4. Dry Bulk Materials Market - Macro Economic Scenario
5. Dry Bulk Materials Market Size And Growth
…..
27. Dry Bulk Materials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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