Maritime Freight Transport Market Size Forecasted To Achieve $496.43 Billion By 2029 With Steady Growth

The Maritime Freight Transport Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Maritime Freight Transport Market Size and Projected Growth Rate?
The maritime freight transport market size has grown strongly in recent years. It will grow from $371.98 billion in 2024 to $395.17 billion in 2025 at a CAGR of 6.2%. The growth is due to global trade growth, demand for cost-effective transportation, liberalization of trade policies, outsourcing and offshoring of manufacturing, and increased focus on sustainability and energy efficiency.

The maritime freight transport market is expected to grow to $496.43 billion by 2029, with a CAGR of 5.9%. Growth is due to increasing demand in the oil and gas sector, competition among shipping lines, and the rising need for specialized cargo transport. Major trends include clean energy solutions, autonomous shipping, and advancements in navigation sys

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What Are the Major Segments in the Maritime Freight Transport Market?
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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What Are The Driving Maritime Freight Transport Market Evolution?
The growth of the seafood export industry is expected to drive the maritime freight transport market. Seafood exports involve shipping fish, shellfish, and other marine products internationally. The sector is expanding due to higher global demand for seafood, technological advancements in fishing and aquaculture, and improved logistics for cold storage. Maritime freight transport plays a crucial role in moving perishable seafood products reliably and quickly to maintain quality. In 2023, U.S. seafood exports reached $5.18 billion with a volume of 1.28 million metric tons, showing a 40% growth compared to previous years, according to the U.S. Department of Agriculture. The growth in seafood exports is, therefore, fueling the maritime freight transport market.

Which Firms Dominate The Maritime Freight Transport Market Segments?
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

What Maritime Freight Transport Market Trends Are Gaining Traction Across Different Segments?
Major Companies in the maritime freight transport market are advancing the development of fully automated navigational assistants to improve operational efficiency, enhance safety, and minimize human error. In January 2024, Orca AI, an Israel-based technology company, launched SeaPod, a fully automated navigational assistant. This system processes multiple sources of information to assess complex maritime traffic situations in real time, enhancing situational awareness and enabling quicker, more informed decisions by bridge officers.

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Which Is The Largest Region 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Maritime Freight Transport Market?
2. What is the CAGR expected in the Maritime Freight Transport Market?
3. What Are the Key Innovations Transforming the Maritime Freight Transport Industry?
4. Which Region Is Leading the Maritime Freight Transport Market?

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