Press release
Cargo Shipping Market Set to Reach 17.75 Billion Tons by 2030
Cargo Shipping Market
The global cargo shipping market is on a trajectory of substantial expansion, with projections indicating a rise from 13.48 billion tons in 2023 to 17.75 billion tons by 2030, reflecting a compound annual growth rate (CAGR) of 4%.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
Several factors are propelling this growth:
๐ท๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐๐๐๐: Investments by governments and shipping companies to modernize port facilities are facilitating increased cargo throughput.
๐ฎ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐ป๐๐๐ ๐ ๐จ๐๐๐๐๐๐๐๐๐: The proliferation of favorable trade agreements is streamlining international trade, thereby boosting cargo volumes.
๐น๐๐๐๐๐ ๐ซ๐๐๐๐๐ ๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐ฎ๐๐๐ ๐ ๐๐๐ ๐ฌ๐๐๐๐๐: The escalating consumption of consumer products and crude oil is augmenting the need for efficient cargo shipping solutions.
๐๐ฒ๐ ๐ฎ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.maximizemarketresearch.com/request-sample/14766/
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐ช๐๐๐๐ ๐บ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ฝ๐๐๐๐๐๐:
Vietnam is emerging as a pivotal player in the cargo shipping sector, driven by its strategic location and robust economic growth. The government's focus on enhancing port infrastructure and integrating into global supply chains presents significant opportunities for shipping companies.
๐ช๐๐๐๐ ๐บ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ป๐๐๐๐๐๐๐ :
Thailand's cargo shipping industry is experiencing transformative trends, including the adoption of digital technologies and the expansion of port capacities. These developments are aimed at accommodating increasing cargo volumes and improving operational efficiencies.
๐ช๐๐๐๐ ๐บ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ฑ๐๐๐๐:
Japan continues to be a significant contributor to the cargo shipping market, with a focus on technological advancements and sustainability. The country's investment in smart port technologies is expected to enhance cargo handling capabilities.
๐ช๐๐๐๐ ๐บ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐ ๐ฒ๐๐๐๐:
South Korea is witnessing consolidation in its cargo shipping industry, with major players expanding their fleets and services. This trend is aimed at strengthening the country's position in the global shipping arena.
๐ช๐๐๐๐ ๐บ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ผ๐๐ ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐๐๐๐๐:
Singapore remains a critical hub for cargo shipping, continually updating its port facilities and services. The nation's commitment to innovation ensures its competitiveness in the maritime sector.
๐ช๐๐๐๐ ๐บ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ผ๐๐๐๐๐ ๐บ๐๐๐๐๐:
The United States is experiencing growth in cargo shipping, supported by investments in port infrastructure and the expansion of trade routes. These efforts are enhancing the country's cargo handling capabilities.
๐ช๐๐๐๐ ๐บ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ช๐๐๐๐:
China dominates new container ship acquisitions, a market that has grown as consumer goods traffic has increased. The country's significant investments in port infrastructure and shipping capabilities present substantial opportunities for the cargo shipping industry.
๐ช๐๐๐๐ ๐บ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฌ๐๐๐๐๐:
Europe is experiencing notable trends in the cargo shipping sector, including the adoption of green technologies and the expansion of port capacities. These initiatives are aimed at promoting sustainability and accommodating growing cargo volumes.
๐๐๐ฟ๐ถ๐ผ๐๐ ๐๐ผ ๐ฝ๐ฒ๐ฒ๐ธ ๐ถ๐ป๐๐ถ๐ฑ๐ฒ? ๐๐ฟ๐ฎ๐ฏ ๐๐ผ๐๐ฟ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฐ๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ป๐ผ๐: https://www.maximizemarketresearch.com/request-sample/14766/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ
The cargo shipping industry is undergoing significant consolidation through mergers and acquisitions:
๐ซ๐บ๐ฝ'๐ ๐จ๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ซ๐ฉ ๐บ๐๐๐๐๐๐๐: Danish logistics company ๐๐๐ has agreed to acquire Deutsche Bahn's ๐๐ ๐๐๐ก๐๐ง๐ค๐๐ซ logistics division for over $12 billion. This strategic move is set to enhance DSV's market position, bringing its global market share to approximately 6-7%, surpassing competitors like ๐๐๐ ๐๐ฅ๐จ๐๐๐ฅ ๐ ๐จ๐ซ๐ฐ๐๐ซ๐๐ข๐ง๐ ๐๐ง๐ ๐๐ฎ๐๐ก๐ง๐ + ๐๐๐ ๐๐ฅ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ. The acquisition is expected to be finalized by the second quarter of 2025.
๐ช๐ด๐จ ๐ช๐ฎ๐ด'๐ ๐ฐ๐๐๐๐๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐๐ ๐ฉ๐๐๐๐๐: French shipping group ๐๐๐ ๐๐๐ has announced a $1.1 billion investment to acquire a 48% stake in Brazilian port terminal operator ๐๐๐ง๐ญ๐จ๐ฌ ๐๐ซ๐๐ฌ๐ข๐ฅ, with plans for a complete takeover. This acquisition aligns with CMA CGM's strategy to expand into logistics and strengthen its presence in South America.
๐๐๐ซ๐ ๐จ ๐๐ก๐ข๐ฉ๐ฉ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ฎ ๐๐๐จ๐จ๐๐ก
Multi-Purpose Vessels
Tankers
Container Vessels
Others
With a 41% market share, the tanker sector led the vessel market in 2023. Tankers are cargo shipping ships that are frequently used to move bulk liquid and gas commodities. They are perfect for moving gas, chemicals and petrochemicals. refinery. Depending on their capacity to carry cargo, oil, chemical, and petrol tankers are among the most often utilised tanker kinds for service applications. Longer trips, the participation of fewer ports, etc., can be advantageous for these vessels. Over the course of the projection period, this segment is anticipated to increase at a CAGR of 3.4%.
๐๐ฎ ๐๐๐จ๐จ๐๐ก ๐พ๐๐ง๐๐ค
20000 TEU
In 2023, the 1,4000-18,000 TEU vessel cargo category held a 41% market share. This category includes ultra-large container ships with capacities of 15,000 and more, as well as Neo-Panamax ships with capacity of 1400015000 TEU. Ultra-large container vessels are the largest container vessels with capacity, while Neo-Panamax refers to medium to large vessels that are 43 meters wide and have the capacity to transport 19 rows of containers similar to Suezmax tankers. applies to measurements of 366 meters in length, 49 meters in breadth, and 15.2 meters or more in draft. This provides a competitive advantage in the risky end-user market. These elements are propelling the cargo shipping segment's market expansion.
๐๐ฎ ๐๐ฃ๐๐ช๐จ๐ฉ๐ง๐ฎ ๐๐ฎ๐ฅ๐
Food & Beverages
Manufacturing
Oil, Gas & Ores
Electrical & Electronics
๐ง๐ผ ๐ฑ๐ฒ๐น๐๐ฒ ๐ฑ๐ฒ๐ฒ๐ฝ๐ฒ๐ฟ ๐ถ๐ป๐๐ผ ๐๐ต๐ถ๐ ๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต, ๐ธ๐ถ๐ป๐ฑ๐น๐ ๐ฒ๐ ๐ฝ๐น๐ผ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ณ๐ผ๐น๐น๐ผ๐๐ถ๐ป๐ด ๐น๐ถ๐ป๐ธ: https://www.maximizemarketresearch.com/request-sample/14766/
๐๐๐ซ๐ ๐จ ๐๐ก๐ข๐ฉ๐ฉ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. CMA-CGM SA
2. A.P. Moller-Maersk Group
3. China COSCO Holdings Company Limited
4. Mediterranean Shipping Company S.A.
5. Panalpina World Transport (Holding) Ltd.
6. DHL Global Forwarding
7. Nippon Express Co., Ltd
8. Hapag-Lloyd AG
9. Ceva Logistics
10. Deutsche Bahn AG
11. DB Schenker
12. Evergreen Marine
13. Hamburg Sud Group
14. Mitsui O.S.K Lines, Ltd.
15. Pacific International Lines (PIL)
16. Yang Mang Marine Transport Corporation
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