Shipbroking Market Insights 2025-2034: Growth Forecast and Strategic Priorities

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Shipbroking Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Recent years have seen robust expansion in the shipbroking market. Its size is anticipated to increase from $1.39 billion in 2024 to $1.46 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.2%. Previous growth within this market has been linked to various factors, such as an increase in maritime mishaps, expansion of trade routes, a growing demand for shipping services, enhanced connectivity of contemporary ships, and a surge in wheat production.

Shipbroking Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the shipbroking market is projected to experience consistent growth, anticipated to reach a value of $1.77 billion by 2029, progressing at a compound annual growth rate (CAGR) of 4.9%. This projected growth within the forecasted period can be linked to various factors such as geopolitical incidents and environmental law changes, heightened demand for cargo logistics, a rise in ship owner numbers, increased demand for maritime transportation services, and burgeoning third-party agencies within the shipping industry. Notable trends expected throughout this period encompass digital transformation, the incorporation of automation, evolving trade patterns, regulatory compliance pressures, the emergence of blockchain-integrated platforms, and the expansion of seaport infrastructure.

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What Are the Drivers Transforming the Shipbroking Market?
The surge in the need for cargo logistics is anticipated to boost the expansion of the shipbroking market in the future. Cargo logistics deal with the effective planning, execution, and management of goods transportation and storage, starting from their source to their final location. Globalization of supply chains and enhancement of international trade is leading to growing requirement of cargo logistics, compelling the need for efficient and dependable transport and storage services. The function of shipbroking in escalating cargo logistics involves negotiation and arrangement of marine transport, effectively pairing cargoes with ships, and regulating contracts and freight charges to guarantee a streamlined and cost-friendly goods movement. For example, reports from the United States Department of Transportation in June 2024 show that domestic U.S water transportation in 2023 stood at 644 million tons and it is projected to hit 1,238 million tons by 2050. Hence, the escalating demand for cargo logistics is fueling the expansion of the shipbroking market.

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What Long-Term Trends Will Define the Future of the Shipbroking Market?
Major companies in the shipbroking market are shifting their focus towards the creation of enhanced digital solutions such as vessel auction platforms. These platforms are serving to streamline vessel sales and promote greater transparency in the market. These auction platforms are designed specifically for the competitive selling and bidding of ships and are fostering transparency and efficiency in the maritime sector. To illustrate, in September 2023, GMS Inc., a company based in the United Arab Emirates that offers ship recycling and cash buying services, introduced the Ship Recycling Portal - a pioneering digital platform set to transform the ship recycling sector. The portal eases the sale of end-of-life vessels, enabling them to be sold directly to shipyards. It offers real-time auctions for such vessels, enabling ship recyclers to bid from the comfort of their offices or homes, eliminating traditional in-person negotiations. The efficiency of this portal lies in its ability to offer transparency of process, as buyers can see competitive offers, thereby making well-informed decisions. The platform is also open to other shipowners and cash buyers potentially making it a primary solution for delivering vessels to recycling yards in the future.

Which Segments in the Shipbroking Market Offer the Most Profit Potential?
The shipbroking market covered in this report is segmented -

1) By Type: Container Vessels, Tankers, Dry Bulk, Valuations, Recycling
2) By Application: Bulker, Tanker, Other Applications
3) By End Use: Oil And Gas, Manufacturing, Aerospace And Defense, Government, Other End Users

Subsegments:
1) By Container Vessels: New Container Vessel Brokerage, Secondhand Container Vessel Brokerage, Time Charter And Voyage Charter Brokerage
2) By Tankers: Crude Oil Tanker Brokerage, Product Tanker Brokerage, Chemical Tanker Brokerage, LPG Or LNG Tanker Brokerage
3) By Dry Bulk: Capesize Dry Bulk Brokerage, Panamax Dry Bulk Brokerage, Handymax Or Handysize Dry Bulk Brokerage
4) By Valuations: Vessel Appraisal, Investment And Risk Assessment, Condition And Inspection Valuations
5) By Recycling: Ship Demolition Brokerage, Scrapping And Recycling Services, End-Of-Life Ship Brokerage

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Which Firms Dominate the Shipbroking Market by Market Share and Revenue in 2025?
Major companies operating in the shipbroking market are Maersk Broker K/S, Clarkson Plc, Barry Rogliano Salles International S.A., Simpson Spence Young Ltd, Howe Robinson Partners Pte Ltd, Poten and Partners Inc, SPI Marine Ltd, E.A. Gibson Shipbrokers Ltd, Galbraiths Ltd, ShipServ Ltd, Lorentzen and Stemoco AS, McQuilling Partners Inc, Maritime London Ltd, Braemar Shipping Services Plc, Agora Shipbroking Corporation, Anchor Shipbroking Inc, Bright Cook & Co Limited, Endole Ltd, Charles R. Weber Company Inc, Compass Maritime Services LLC, Fearnley Securities, Interocean Group, Seacore Shipbrokers Ltd, Shiplinks, Velian Ship Brokers

Which Regions Offer the Highest Growth Potential in the Shipbroking Market?
North America was the largest region in the shipbroking market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shipbroking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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