The cargo shipping market is estimated to augment at a modest growth rate during the forecast period. Cargo Shipping Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms to have constant observation of latest market trends which keep on changing. Constants shifts in the trends and key advancements are observed in the market through this Cargo Shipping Market report and inform key firms about them. By knowing this, business owners can take effective actions before actually developing any product or service. It also aims at offering thorough knowledge regarding competitors to assist them in taking strategic decision making.
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As per the United Nations, in 2018 global maritime trade reached around 11 billion tons which were around 2.7% higher than in 2017. However, in 2017, the global maritime trade volume expanded around 4.7%. The United Nations also predicted that during 2019-2024, the CAGR in the maritime transportation volume is expected to be 3.5% however the potential scenario is before the COVID-19 pandemic. After the pandemic, the volume is expected to be far lower than the earlier predicted. As an estimate, the departure of all ships in the first week of April decreased by 20% as compared to 2019, whereas the decrease in container ship was around 29% for the same period. Moreover, trade tension between the US and China is also a major concern for global international trade.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Cargo Shipping Market- Segmentation
By Industry Type
- Metal & Non-Metal
- Fossil Fuel
- Food & Beverage
- Electronics
- Automotive
- Chemical & Pharmaceuticals
- Machinery
- Textile
- Others
By Vessel Type
- Oil Tankers
- Bulk Carriers
- General Cargo Ships
- Container Ships
- Other
Regional Outlook
North America
- US
- Rest of North America
Europe
- UK
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- The Middle East and Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Cargo Shipping market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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