Cargo Shipping Market Set to Double, Reaching $4.2 Trillion by 2031, Indicates Growth at 7% CAGR (2022-2031)

Allied Market Research in a recently published report predicted 𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐜𝐚𝐫𝐠𝐨 𝐬𝐡𝐢𝐩𝐩𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐚𝐥𝐦𝐨𝐬𝐭 𝐝𝐨𝐮𝐛𝐥𝐞 𝐢𝐭𝐬 𝐬𝐢𝐳𝐞 𝐚𝐧𝐝 𝐯𝐚𝐥𝐮𝐞 𝐟𝐫𝐨𝐦 𝐚 𝟐𝟎𝟐𝟏 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 $𝟐.𝟐 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨 $𝟒.𝟐 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏 𝐰𝐢𝐭𝐡 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟕% 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝 𝟐𝟎𝟐𝟐 𝐭𝐨 𝟐𝟎𝟑𝟏. The report extensively provides insightful information on various aspects of the market including the segmental analysis, competitive landscape, market dynamics, performances of key players, and their strategic moves.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/A47214

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 :

The cargo shipping market size offers an extensive insight into factors influencing the growth of the market and opportunities for its growth. Additionally, it mentions the restraints that hinder market expansion. It also mentions the competitive landscape within the industry by implementing specific and accurate analytical tools like Porter's five forces.

Numerous carriers enter into partnerships with startups focusing on data collection and analysis of cargo movements assisting optimization of cargo routes and developing vessel deployment. This capacity optimization of deployed vessels is anticipated to boost market growth. Moreover, the global seaborne trade volume reached 10 billion tons in 2015 which consisted of import and export activities by cargo ships, according to UNCTAD (United Nations Conference on Trade and Development). The consistent increase in containerized trade and emerging automated ports has increased the chances of good accommodation which in turn boosts the cargo shipping market. Furthermore, the rise in e-commerce, increase in logistic services, surge in warehouses, rising demand for cargo transportation through ships, increasing marine freight transport and surge in favorable trade agreements boost the growth of the market. Increasing marine safety norms and growing digital freight forwarding are expected to create lucrative growth opportunities during the forecast period.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 :

The cargo shipping market is broadly divided into industry type, cargo type, and ship type. On the basis of industry type, the market is fragmented into manufacturing, oil & gas, food & beverages, retail, electrical & electronics, automotive, pharmaceutical and others. Depending on cargo type, it is divided into general cargo, liquid cargo and dry cargo. According to ship type, the market is categorized into container ships, bulk carriers, reefer ships, general cargo ships, tankers, and others.

The report also analyzes the market based in four major regions namely, Europe, LAMEA, North America, and Asia-Pacific, covering nearly 13 countries and other areas. At present, Asia-Pacific region dominates the market and is expected to retain its supremacy during the forecast period, especially in Japan, China and South Korea owing to increasing number of advantageous trade agreements and growing crude oil demand.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/cargo-shipping-market/purchase-options

𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐌𝐞𝐚𝐬𝐮𝐫𝐞𝐬 𝐛𝐲 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

In August 2022, the Europe to Middle East and India network was revamped by A.P. Moller-Maersk to provide enhanced resilience, responsiveness, and reliability to its consumers. This route links more cargo through the Colombian Maersk hub and offers the consumers added flexibility to cargo movements within different markets.

The CMA GM Group deployed CMA CGM BRAZIL to function on the Columbus Jax service on the East Coast of the U.S. in September 2020.

Maersk Line introduced AC1 service in May 2016, which connected Aisa with the West Coast of Latin America, intending to optimize the route and add a third loop to the existing AC network. This new service is anticipated to offer reduced transit span to its consumers and improved port coverage on certain corridors along with retaining network stability.

In May 2021, blockchain platform, WAVE and MSC entered into a partnership to increase widespread implementation of charges in relation to loading goods to guarantee service and streamline involved operations.

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐝𝐝𝐫𝐞𝐬𝐬𝐞𝐝 :

Which is the largest cargo shipping regional market?

What is the evaluated size of the global cargo shipping industry?

What are the anticipated trends of the global cargo shipping market?

What are the leading companies holding the global cargo shipping market share?

What is the major application of the global cargo shipping market?

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/47688

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 :

The cargo shipping market report mentions the major market players and discusses a thorough study of their performances and strategic steps like partnerships, acquisitions, mergers, product launches, collaborations to assert a strong foot hold in the industry, contributing to its overall growth.

𝐓𝐡𝐞𝐬𝐞 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐫𝐞 :

CMA CGM S.A
DB Schenker
DHL Global Forwarding
A.P. Moller-Maersk Group
COSCO Shipping Co., Limited
Evergreen International Corp.
DB Schenker
MSC Mediterranean Shipping Company S.A
Hapag-Lloyd AG
Yang Ming Group
Ocean Network Express Pte. Ltd.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

𝐄𝐧𝐞𝐫𝐠𝐲 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :
https://www.alliedmarketresearch.com/energy-logistics-market-A07811

𝐑𝐞𝐯𝐞𝐫𝐬𝐞 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :
https://www.alliedmarketresearch.com/reverse-logistics-market
𝐆𝐫𝐞𝐞𝐧 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :
https://www.alliedmarketresearch.com/green-logistics-market-A84427

𝐅𝐨𝐨𝐝 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :
https://www.alliedmarketresearch.com/food-logistics-market-A15470

𝐑𝐚𝐢𝐥 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :
https://www.alliedmarketresearch.com/rail-logistics-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.