Cargo shipping market Analysis

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Cargo shipping market is projected to reach 12.52 billion tons at CAGR of 3.5% from 2016 to 2021. The cargo shipping market is estimated to gain momentum from 2018 onwards after years of sluggish growth. Global economic growth, rise in the global commodity demand that results in increased seaborne trade that ultimately act as key drivers of the growth of global cargo shipping trade. The study segments the cargo shipping trends on the basis of cargo type, industry type, and major trade routes. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 to 2021.
Cargo shipping

The following are key objectives of the study

  • To analyse the global marine cargo industry, by region, in terms of geo-politics
  • To define and analyse the global marine cargo markets by cargo type – liquid cargo, dry bulk, general cargo, container cargo
  • To define and analyse the global marine cargo by trade routes – Suez Canal, Panama Canal, Straits of Malacca & Singapore and Strait of Hormuz with trade lanes
  • To define, describe and analyse current and future trends in global cargo shipping industry
  • To define and describe the global industrial, agricultural, petrochemical cargo shipping market by value.
  • To define and describe the regulatory framework and challenges in the global cargo shipping industry
  • To geo-politically analyze the global cargo shipping industry by region   
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Research Methodology

The research methodology used in the report involves various secondary sources, including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends in the cargo shipping market. The bottom-up approach has been used to estimate the market size, wherein country-wise trade statistics have been taken into account. All major shipping trade routes have been considered while estimating the global cargo shipping industry.  Major infrastructure initiatives based on development of new ports and expansion of existing ports have analyzed in the report. Cargo movement in major industries like food, electronics and electrical goods, manufacturing and mineral oil and fuels have been tracked in the report. Cargo handled by all major shipping companies has taken into consideration. Regional and global trade is quantified on country level
The ecosystem of the cargo shipping industry consists of shipping companies such as A.P. Moller Maersk (Denmark), CMA CGM SA (France), and Mediterranean Shipping Company S.A (Switzerland). Freight forwarders such as DHL Global Forwarding (Germany), Panalpina (Switzerland), Ceva Logistics (Netherlands), DB Schenker (Gemany) are also vital part of ecosystem. Shipbuilding and shipping containers manufacturers are also part of cargo shipping ecosystem. There are few trade statistical portals such as the International Trade Centre (ITC), and United Nations Conference on Trade and Development (UNCTAD) among others.

Scope of the Cargo Shipping Market Report

  • By Cargo Infrastructure
    • Port Developments in Asia
    • Port Developments in Europe
    • Port Developments in North America
    • Port Developments in South America
    • Port Developments in Africa

Asia-Pacific: Largest market for cargo shipping trade

Asia-Pacific accounted for the largest share of the global cargo shipping trade in 2016. Developing Asian economies are driving growth in Asia-Pacific region. China is major exporter in Asia-Pacific as it is developed as manufacturing hub. Market demand, developments in port infrastructure and strong government support have enabled Asia-Pacific to achieve largest market share.
The European region has been segmented into Germany, France, the U.K., Spain and Russia. Europe is estimated to account for the second-largest share in the global cargo shipping trade in 2016. The EU countries are expected to show steady growth in near future due to various initiatives by European Union and rising global demand.
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North America is estimated to have the third-largest market share in cargo shipping trade, by volume, in 2016. . The North American cargo shipping market is projected to grow at a promising CAGR during the forecast period. Growth in global economies will be major factor for cargo shipping trade growth as Canada and Mexico are export oriented economies.  
Cargo shipping industry is facing environmental challenges as well as challenges emerging from changing dynamics of geopolitics. These challenges are restraining the growth of industry. Along with these challenges, high cost of buying new bigger container ships and competition to fill them in saturated market has started consolidation in the shipping industry. The industry players are fighting for market share which is giving rise to pricing at their marginal cost. Shipping industry can overcome these restrains by increasing productivity in operations, and improvement in network and fleet.

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