Press release
Future Perspectives: Key Trends Shaping the Cargo Shipping Market Up to 2030
Cargo Shipping Market
Projected Growth and Market Size of the Cargo Shipping Industry Through 2030
The cargo shipping market is forecasted to grow steadily, reaching a valuation of $16.6 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 4.8%. Several factors contribute to this positive outlook, including increasing logistics needs propelled by e-commerce, the strategic reshoring and nearshoring of manufacturing activities, and the accelerating digitalization of shipping operations. Additionally, stricter sustainability regulations, the rise of emerging markets, and expanding global trade volumes are key drivers. Important market trends expected to influence this growth include the widespread adoption of digital freight platforms, the rising demand for cold chain logistics, the expansion of containerized shipping, and a heightened focus on enhancing supply chain resilience.
Download a free sample of the cargo shipping market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16645&type=smp
Top Companies Leading the Cargo Shipping Market Today
The cargo shipping landscape is shaped by several influential companies, such as DHL International GmbH, China Ocean Shipping Company Limited, Maersk, CMA CGM Group, and Hapag-Lloyd AG. Other prominent players include Ocean Network Express Pte. Ltd., MSC Mediterranean Shipping Company S.A., Evergreen Marine Corp. Ltd., Orient Overseas Container Line Limited, Nippon Express Co. Ltd, Zhonggu Logistics Corporation, and Zim Integrated Shipping Services. Also notable are Yang Ming Marine Transport Corporation, Mitsui O.S.K. Lines Ltd., Antong Holdings Co Ltd, Hyundai Merchant Marine Co. Ltd., Panalpina World Transport (Holding) Ltd., Regional Container Lines, Swire Shipping, Pacific International Lines Pte Ltd, Emirates Shipping Line, Sinokor Merchant Marine Co. Ltd., and Sea Lead Shipping.
In a significant strategic move in June 2024, UK-based marine management firm Inchcape Shipping Services acquired Norway's Grieg Logistics. This deal reinforces Inchcape's focus on delivering dependable, high-quality shipping and logistics services, boosting its capabilities across shipping, raw materials, energy, and government sectors.
View the full cargo shipping market report:
https://www.thebusinessresearchcompany.com/report/cargo-shipping-global-market-report
Important Trends Positively Influencing Growth in the Cargo Shipping Market
Leading companies within the cargo shipping industry are increasingly investing in the development of advanced transportation vessels, such as electric container ships. These ships use electric propulsion, powered by batteries or fuel cells, to transport cargo containers while significantly reducing emissions and improving environmental sustainability compared to conventional diesel-powered vessels. For example, in May 2024, China Ocean Shipping Company Limited launched the world's first 10,000-DWT pure electric container ships named Green Water 01 and Green Water 02. These vessels, capable of carrying up to 700 standard 20-foot containers (TEU), are the largest pure electric container ships worldwide. They are designed for operation along the Yangtze River and extend to sea routes exceeding 600 miles. Equipped with a large-capacity battery system of over 50,000 kWh, expandable to 80,000 kWh with additional battery containers, these ships complete voyages with energy consumption equivalent to just 15 tons of traditional fuel.
Key Segmentation Categories Defining the Cargo Shipping Market
This report segments the cargo shipping market into several key categories to better understand its structure:
1) By Ship Type: Bulk Carriers, General Cargo Ships, Container Ships, Tankers, Reefer Ships, and Other Ship Types
2) By Cargo Type: Liquid Cargo, Dry Cargo, General Cargo
3) By Industry Type: Food and Beverages, Manufacturing, Retail, Oil and Gas, Automotive, Pharmaceutical, Electrical and Electronics, and Other Industries
Further detailed subsegments include:
- Bulk Carriers: Handysize, Supramax, Panamax, Capesize, and Very Large Ore Carriers (VLOC)
- General Cargo Ships: Conventional General Cargo, Multi-Purpose Vessels (MPV), Ro-Ro (Roll-on/Roll-off) Ships, and Heavy Lift Ships
- Container Ships: Feeder, Panamax, Post-Panamax, Ultra Large Container Vessel (ULCV), and New Panamax Container Ships
- Tankers: Crude Oil, Product, Chemical, Liquefied Natural Gas (LNG), and Liquefied Petroleum Gas (LPG) Tankers
- Reefer Ships: Conventional Reefer, Containerized Reefer, and Refrigerated Cargo Vessels
- Other Ship Types: Roll-On/Roll-Off (RoRo) Vessels and Heavy Lift Vessels
These classifications provide a comprehensive view of the cargo shipping market's complexity and the diverse needs it addresses across various sectors and ship technologies.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Future Perspectives: Key Trends Shaping the Cargo Shipping Market Up to 2030 here
News-ID: 4383537 • Views: …
More Releases from The Business Research Company
Segmentation, Major Trends, and Competitive Overview of the Automotive Fuel Cell …
The automotive fuel cell sector is gaining significant momentum as the push for cleaner transportation intensifies. With rapid technological advancements and growing environmental regulations, this market is set for substantial progress in the coming years. Here, we delve into the market's expected size, leading companies, emerging trends, and key segmentations shaping its future.
Anticipated Market Size and Growth Trajectory for Automotive Fuel Cells
The automotive fuel cell market is projected…
Emerging Growth Patterns Driving Expansion in the Automotive Event Data Recorder …
The automotive event data recorder market is positioned for significant expansion in the coming years, driven by technological advancements and increasing safety demands across the automotive sector. As vehicles become more connected and autonomous, the need for reliable and comprehensive event data recording grows, promising a dynamic future for this market.
Projected Growth Trajectory of the Automotive Event Data Recorder Market
The market for automotive event data recorders is set…
In-Depth Review of Segments, Industry Trends, and Key Competitors in the Automot …
The automotive electronic logging device sector is poised for consistent growth as fleet management technologies evolve and regulatory requirements become more stringent. With advancements in AI and connectivity shaping new solutions, this market is set to expand steadily over the coming years. Let's delve into the market's size projections, key players, emerging trends, and its main segments to understand its trajectory better.
Anticipated Market Size and Growth of the Automotive Electronic…
Top Players and Market Competition in the Automotive ECall Industry
The automotive eCall market is positioned for significant expansion as the demand for advanced vehicle safety and connectivity solutions continues to rise. Driven by technological advancements and evolving regulatory standards, this market is set to transform how emergency services interact with vehicles on the road. Let's explore the projected growth, key players, emerging trends, and segmentation shaping this dynamic industry.
Strong Growth Outlook for the Automotive eCall Market through 2029 …
More Releases for Ship
Beidou Ship Carrier Terminal and Ship Intelligent Cockpit Equipment Market Repor …
On Oct 16, the latest report "Global Beidou Ship Carrier Terminal and Ship Intelligent Cockpit Equipment Market 2025 by Manufacturers, Regions, Types and Applications, Forecast to 2031" from Global Info Research provides a detailed and comprehensive analysis of the global Beidou Ship Carrier Terminal and Ship Intelligent Cockpit Equipment market. The report provides both quantitative and qualitative analysis by manufacturers, regions and countries, types and applications. As the market is…
Ship Leasing Market to Eyewitness Massive Growth by 2030: Global Ship Lease, Fir …
Advance Market Analytics published a new research publication on "Ship Leasing Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Ship Leasing market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Cargo Shipping Market : Bulk Carriers, General Cargo Ship, Container Ship, Tanke …
According to a new report published by Allied Market Research, titled, "Cargo Shipping Market," The global cargo shipping market size was valued at $2.2 trillion in 2021, and is projected to reach $4.2 trillion by 2031, growing at a CAGR of 7% from 2022 to 2031.
Asia-Pacific dominated the global cargo shipping market in 2021. China is expected to hold a dominant revenue share throughout the forecast period owing to the…
Cargo Shipping Market : Bulk Carriers, General Cargo Ship, Container Ship, Tanke …
According to a new report published by Allied Market Research, titled, "Cargo Shipping Market," The cargo shipping market was valued at $2.2 trillion in 2021, and is estimated to reach $4.2 trillion by 2031, growing at a CAGR of 7% from 2022 to 2031.
Asia-Pacific dominated the global cargo shipping market in 2021. China is expected to hold a dominant revenue share throughout the forecast period owing to the presence of…
Debut at the Port of Emden: Ship-to-Ship Refueling with LNG
“Fill Her Up, Please!” Siem Confucius, a 200-Meter-Long Car Carrier, Is Taking on LNG Fuel From the 108-Meter-Long LNG Bunker Ship Engie Zeebrugge.
Emden | 14. August 2020
It takes some eight hours for approximately 1500 metric tons of cryogenic (-163 degrees C) liquefied natural gas to transfer from ship to ship. The car carrier Siem Confucius had already called the Ems Quay in mid-June for loading vehicles at the Port of…
Ship Solar Power System Installed on Large General Cargo Ship MV Panamana
Ship solar power system & associated equipment installed by crew whilst ship operated normally
Fukuoka, Japan – 24th May 2019 – Eco Marine Power (EMP) is pleased to announce its Aquarius MAS + Solar solution has been installed on the large general cargo ship MV Panamana. This installation was carried out by the ship’s crew with remote support provided by Zeaborn Ship Management (Singapore) Pte. Ltd. and EMP from Japan.…
