Press release
Key Trend Reshaping the Maritime Freight Transport Market in 2025: Advancements In Maritime Technology Enhance Safety And Efficiency With Fully Automated Navigational Assistants
Maritime Freight Transport Market Size
The growth of the maritime freight transport market is anticipated to be fueled by the burgeoning seafood export sector. This exporting activity primarily involves relocating seafood products like fish, shellfish, and other marine life, from one nation to another for sale on global platforms. The upward trend in seafood export is largely due to an escalating worldwide demand for seafood, advancements in fishing and aquaculture technologies, and enhanced cold chain logistics. The role of maritime freight transport in this scenario is crucial as it offers an effective and trustworthy method for shipping large amounts of perishable seafood items to global marketplaces, whilst ensuring punctual delivery and preservation of product quality via refrigerated shipping containers. For instance, the United States Department of Agriculture, a US federal agency, stated that in 2023, U.S. seafood exports reached a total of $5.18 billion with a volume of 1.28 million metric tons. This indicates a 40% increase since previous years, exhibiting a robust recuperation and growing demand. Hence, the growth of the maritime freight transport market is being propelled by the prosperous seafood export industry.
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How will the growth rate of the maritime freight transport market shape industry trends by 2034?
The value of the maritime freight transport sector has seen significant expansion in the past few years. It is projected to increase from $371.98 billion in 2024 to $395.17 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. The historical growth of this market can be traced back to a surge in global trade and economical growth, a heightened demand for economical and efficient goods transportation, liberalization of trade policies and a decrease in global tariffs. Other factors contributing to this progress include an increase in the outsourcing and offshoring of manufacturing to regions with lower costs, and greater emphasis on sustainability and energy efficiency in maritime transport.
In the next few years, the maritime freight transport market is projected to experience robust expansion and is forecasted to reach $496.43 billion in 2029, with a compound annual growth rate (CAGR) of 5.9%. The projected growth during this period can be ascribed to factors such as the expansion of the oil and gas sector, intensifying competition among shipping lines, increasing requirement for specialized cargo transport, strategic geopolitical developments, and a surge in supply chain demand. The predicted trends during this period encompass technological progression, adoption of eco-friendly energy solutions, progress in logistics, enhancements in autonomous shipping, and improvements in maritime navigation systems.
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What trends are poised to drive the future success of the maritime freight transport market?
Leading corporations in the maritime freight transport sector are implementing completely automated navigational aids as a strategy to heighten operational efficiency, augment safety standards, and minimize human inaccuracies in maritime activities. These automated navigational assistants offer enhanced route planning, optimal fuel usage, and an improved safety paradigm for vessels, thanks to sophisticated algorithms and real-time data examination. In particular, Orca AI, a maritime technology firm based in Israel, unveiled SeaPod in January 2024. This is a completely automated navigational helper that has been engineered to augment and replicate human watchkeeping activities. Functioning round-the-clock, it harnesses numerous information sources in a matter of seconds to evaluate intricate maritime traffic scenarios in real-time. The system can identify, monitor, and categorize targets of any dimension or distance, and relay crucial data to a user-friendly platform. The automation of target detection and risk ranking significantly reduces the burden and fatigue of bridge officers, hence enhancing situational awareness and enabling crew members to make more well-informed decisions swiftly.
Which primary segments of the maritime freight transport market are driving growth and industry transformations?
The maritime freight transportmarket covered in this report is segmented -
1) By Maritime Transport Type: Bulk Carriers, Container Ships, General Cargo Ships, Reefer Vessels, Heavy Lift Cargo Vessels, Roll On - Roll Off (Ro-Ro) Vessels
2) By Application: Short-Distance, Long-Distance
3) By Industry Type: Food And Beverages, Manufacturing, Oil And Ores, Electrical And Electronics, Other Industries
Subsegments:
1) By Bulk Carriers: Dry Bulk Carriers, Liquid Bulk Carriers, Self-Unloading Bulk Carriers, Specialized Bulk Carriers
2) By Container Ships: Feeder Container Ships, Panamax Container Ships, Post-Panamax Container Ships, Ultra Large Container Vessels (ULCVs)
3) By General Cargo Ships: Breakbulk Cargo Ships, Multi-Purpose Cargo Vessels, Conventional General Cargo Ships
4) By Reefer Vessels: Dedicated Reefer Ships, Reefer Container Ships, Refrigerated Cargo Carriers
5) By Heavy Lift Cargo Vessels: Heavy Lift Ships, Semi-Submersible Heavy Lift Vessels, Deck Cargo Barges
6) By Roll On - Roll Off (Ro-Ro) Vessels: Pure Ro-Ro Vessels, Combination Carriers, Ro-Pax Ferries
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Which geographical regions are pioneering growth in the maritime freight transport market?
North America was the largest region in the maritime freight transport market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the maritime freight transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the maritime freight transport market landscape?
Major companies operating in the maritime freight transport market are Maersk Line A/S, CMA CGM Group, COSCO SHIPPING Lines Co. Ltd., Mediterranean Shipping Company S.A., Hapag-Lloyd AG, NYK Line (Nippon Yusen Kabushiki Kaisha), Yang Ming Marine Transport Corporation, ZIM Integrated Shipping Services Ltd., Mitsui O.S.K. Lines Ltd., Seaboard Marine Ltd., Wan Hai Lines Ltd., Evergreen Marine Corporation, HMM Company Limited, Kawasaki Kisen Kaisha Ltd., Ocean Network Express Holdings Ltd., American President Lines LLC, Matson Inc., Crowley Maritime Corporation, National Shipping Company of Saudi Arabia (Bahri), Samskip Holding B.V., Islamic Republic of Iran Shipping Line Group, Pacific International Lines, X-Press Feeders Limited, Eimskip, Ark Shipping Inc
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What Is Covered In The Maritime Freight Transport Global Market Report?
•Market Size Forecast: Examine the maritime freight transport market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the maritime freight transport market for a structured understanding.
•Key Players Overview: Analyze major players in the maritime freight transport market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the maritime freight transport market.
•Segment Contributions: Evaluate how different segments drive overall growth in the maritime freight transport market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the maritime freight transport market.
•Industry Challenges: Identify potential risks and obstacles affecting the maritime freight transport market.
•Competitive Landscape: Review strategic developments in the maritime freight transport market, including expansions, agreements, and new product launches.
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