Global Cargo Shipping Market is expected to grow with 3.45% CAGR during the forecast period - Market Research Future

Market research future published a raw research report on Global Cargo Shipping Market that contains the information from 2017 to 2023. The cargo shipping is expected to grow with the CAGR of approximately 3.45% from 2017 to 2023.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 118 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Cargo Shipping Market Information from 2017 to 2023"

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The factors which are expected to boost the global cargo shipping market include trade liberalization and increasing investment in port infrastructure. Furthermore, Urbanization has been one of the most important driving forces for global cargo shipping market in recent years. Cities are consuming the majority of global power and resources, while generating major chunk of GDP. Urbanization often supplements and facilitates economic shift from agriculture to manufacturing, industrial production and services. These activities tend to demand clusters of labor and capital, thereby boosting demand for seaborne trade. However, high cost of buying new bigger container ships with further task to fill them in a saturated and competitive market is one of the major restraints of the market, which has started to consolidate the industry. The global cargo shipping market is expected to grow over the CAGR of around 3.45% during the period 2017 to 2023.
The report has analyzed the market based on the three segments, namely cargo type, industry and region. On the basis of cargo type, the market is segmented as container cargo, bulk cargo and general cargo. Among these, container cargo accounted for the largest market share due to increasing adoption of container transportation to transport goods, which also acts as a major driver for the cargo shipping market in both developed and developing countries. Furthermore, the increasing investments in port infrastructure, global supply & demand cycle are expected to boost the container transport. In 2016, Asia-Pacific has accounted for the largest share for container transport segment followed by Europe.

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Based on industry, the market is bifurcated as food, manufacturing, oil & ores, electrical & electronics. In which, food is expected to dominate the market during the forecast period owing to factors such as economic growth and development, thereby directly increasing commodity consumption, which further drives the cargo shipping market.
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We recognize the key players in the global cargo shipping market as A.P. Moller-Maersk Group (Denmark), Mediterranean Shipping Company S.A. (Switzerland), Panalpina World Transport (Holding) Ltd. (Switzerland), CMA-CGM SA (France), DHL Global Forwarding (Germany), China COSCO Holdings Company Limited (China), Nippon Express Co., Ltd. (Japan), Deutsche Bahn AG (Germany), Hapag-Lloyd AG (Germany) and Panalpina Welttransport Holding AG (Switzerland).

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global cargo shipping market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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