Global Cargo Shipping Market Size and Trends 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 12.57 Billion
CAGR (2023-2028)	2.97%
Fastest Growing Segment	Container Cargo
Largest Market	Asia-Pacific

Market Overview

Global Cargo Shipping Market has valued at USD 12.57 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 2.97% through 2028. The global cargo shipping market has continuously evolved in response to various market trends and developments. Over the past decade, we have witnessed a remarkable transformation in the industry dynamics, driven by shifting global trade patterns, rapid technological advancements, and the increasing importance of adhering to stringent environmental regulations.

This evolution has not only impacted the way goods are transported across the world but has also significantly influenced the strategies and operations of shipping companies. With the rise of e-commerce and the globalization of supply chains, cargo shipping has become an integral part of the global economy, facilitating the movement of goods between countries and continents.

Furthermore, technological innovations such as blockchain, Internet of Things (IoT), and automation have revolutionized the way cargo is tracked, monitored, and handled. These advancements have improved efficiency, transparency, and security throughout the shipping process, enabling companies to optimize their operations and reduce costs.

In addition, the growing awareness of environmental sustainability has led to the implementation of stricter regulations aimed at reducing carbon emissions and minimizing the ecological impact of cargo shipping. From adopting cleaner fuels to developing eco-friendly vessels and optimizing routes to reduce fuel consumption, the industry is actively working towards achieving a more sustainable and environmentally responsible future.

As the global economy continues to evolve and expand, the cargo shipping market will undoubtedly face new challenges and opportunities. In an ever-changing landscape, staying abreast of market trends becomes crucial for industry players. By embracing technological advancements such as automation, data analytics, and blockchain, companies can optimize operations, enhance efficiency, and improve supply chain visibility. Moreover, adhering to environmental regulations and sustainability practices not only ensures compliance but also contributes to a greener and more sustainable future. By navigating these changes and embracing innovation, the cargo shipping industry can continue to play a vital role in facilitating global trade and economic growth, enabling businesses worldwide to thrive and prosper.

Notably, the Asian market, spearheaded by China, has emerged as a significant driver in the industry. With its robust and rapidly expanding manufacturing sector, coupled with a growing domestic consumption pattern, the region has witnessed a substantial surge in both imports and exports. This dynamic growth has played a pivotal role in fueling the overall expansion of the industry, propelling it towards new heights of success.

The globalization of manufacturing and the surge in e-commerce have revolutionized the cargo shipping industry in profound ways. With the exponential growth in global trade, the demand for efficient and reliable shipping services has skyrocketed. Today, more goods are being produced and sold across borders than ever before, leading to a significant increase in the volume of cargo shipments. This surge in international trade has necessitated the development of advanced logistical systems and infrastructure to ensure smooth and seamless transportation of goods across vast distances. As a result, the cargo shipping industry plays a crucial role in connecting businesses and consumers worldwide, facilitating economic growth and contributing to the interconnectedness of our global economy.

On the technological front, significant advancements in shipping technologies are currently underway, leading to increased efficiency and substantial cost reduction. The adoption of cutting-edge technologies such as automation, blockchain, and Internet of Things (IoT) is gaining momentum within the industry. These innovative solutions hold the potential to revolutionize not only port logistics but also onboard systems, enabling seamless and streamlined operations across the entire shipping ecosystem. With these transformative technologies at play, the future of the shipping industry looks brighter than ever before.

However, the industry also faces challenges, especially concerning environmental regulations. The recent International Maritime Organization (IMO) regulations aimed at reducing sulfur emissions have forced shipowners to reevaluate their operations, looking for more environmentally friendly solutions.

In conclusion, the cargo shipping market is a dynamic and evolving industry, playing a critical role in global trade. As the world becomes ever more interconnected, the demand for efficient and reliable cargo shipping will only continue to grow, creating new opportunities and challenges for the industry.

Key Market Drivers

Increasing International Trade Volumes

A fundamental driver propelling the Global Cargo Shipping Market is the consistent increase in international trade volumes. As the world becomes more interconnected, nations engage in extensive cross-border transactions, necessitating efficient and reliable cargo shipping services. The expansion of global trade is driven by factors such as market liberalization, economic integration, and the proliferation of multinational corporations. The demand for goods and commodities across diverse regions fuels the need for extensive maritime transportation networks, making cargo shipping a linchpin in facilitating the movement of goods across oceans and continents.

The continuous growth in international trade is influenced by the global dispersion of manufacturing activities, resulting in complex and interconnected supply chains. Goods produced in one part of the world are increasingly consumed in distant markets, creating a reliance on robust cargo shipping infrastructure. The emergence of developing economies as major players in global trade further accentuates the importance of efficient cargo shipping, as these nations become integral nodes in the supply chains of multinational corporations.

Moreover, trade agreements and partnerships between nations contribute to the expansion of international commerce. Reductions in trade barriers and the elimination of tariffs enhance the flow of goods across borders, necessitating a robust cargo shipping industry capable of handling the escalating volumes associated with intensified international trade activities.

Containerization and Intermodal Transportation

The widespread adoption of containerization stands as a pivotal driver transforming the Global Cargo Shipping Market. Containerization revolutionized cargo handling by standardizing the packaging and transportation of goods. Standardized containers, typically 20 or 40 feet in length, enable seamless transfer between different modes of transportation, including ships, trucks, and trains. This intermodal approach streamlines the logistics chain, reducing handling costs, minimizing cargo damage, and enhancing overall efficiency.

The efficiency gains from containerization contribute significantly to the competitiveness of the cargo shipping industry. Ports equipped with specialized container terminals, vessels designed for container transport, and a well-established network of intermodal transportation providers facilitate the smooth flow of goods from manufacturing locations to end consumers. This standardized approach also enables just-in-time inventory management, reducing the need for extensive warehousing and optimizing the utilization of transportation assets.

Intermodal transportation, facilitated by containerization, aligns with the growing trend of seamless supply chain integration. Companies leverage containerized cargo shipping to synchronize their production processes with transportation schedules, minimizing delays and ensuring a timely and reliable supply of goods. The containerization-driven efficiency gains have transformed the cargo shipping landscape, making it a critical driver in the contemporary global trade ecosystem.

Technological Advancements in Fleet Management and Navigation

Technological advancements play a pivotal role in driving efficiency and operational excellence within the Global Cargo Shipping Market. Innovations in fleet management and navigation technologies contribute to safer, more cost-effective, and environmentally sustainable maritime transportation. The integration of advanced navigation systems, satellite communication, and real-time tracking solutions enhances the overall operational visibility of cargo vessels.

Global positioning systems (GPS) and satellite-based communication enable precise tracking of vessel locations, providing valuable data for route optimization and efficient voyage planning. Weather forecasting technologies further assist in avoiding adverse weather conditions, reducing the risk of accidents and enhancing overall safety. Automated navigation systems contribute to the precision and reliability of cargo shipping, minimizing human errors and optimizing fuel consumption.

The adoption of smart technologies extends beyond navigation, encompassing vessel maintenance and performance monitoring. Condition-based maintenance, powered by sensor technologies and predictive analytics, allows for proactive maintenance, reducing downtime and enhancing the reliability of cargo vessels. These technological advancements not only drive operational efficiency but also contribute to sustainability efforts by optimizing fuel consumption and minimizing environmental impacts.

Growth in E-Commerce and Last-Mile Delivery

The rapid expansion of e-commerce has emerged as a significant driver reshaping the dynamics of the Global Cargo Shipping Market. The surge in online retail activities has led to an increased demand for efficient and timely delivery of goods. Cargo shipping plays a crucial role in supporting the global supply chains that enable the seamless movement of products from manufacturers to distribution centers and, ultimately, to end consumers.

E-commerce giants and traditional retailers alike rely on cargo shipping services to transport a diverse range of products, from consumer electronics to apparel and perishable goods. The demand for faster shipping times and reliable last-mile delivery solutions places considerable pressure on the cargo shipping industry to adapt and innovate. Companies within the cargo shipping ecosystem collaborate with e-commerce platforms to provide end-to-end logistics solutions, integrating shipping services with last-mile delivery options to meet consumer expectations for swift and convenient deliveries.

The growth in e-commerce not only amplifies the volume of goods in transit but also introduces complexities related to the diverse nature of products and delivery requirements. Cargo shipping companies invest in advanced tracking systems, inventory management technologies, and specialized packaging solutions to accommodate the unique challenges posed by e-commerce logistics. As consumer preferences continue to shift towards online shopping, the cargo shipping market remains a key enabler of the global e-commerce ecosystem.

Sustainable and Environmentally Friendly Practices

The increasing focus on sustainability and environmental responsibility has become a significant driver shaping the future of the Global Cargo Shipping Market. Heightened awareness of the environmental impact of maritime transportation, including emissions and pollution, has prompted the industry to explore and adopt sustainable practices. Regulatory bodies and international agreements, such as the International Maritime Organization's (IMO) initiatives, advocate for the reduction of greenhouse gas emissions and the implementation of eco-friendly technologies.

The development and adoption of alternative fuels, including liquefied natural gas (LNG) and biofuels, represent a key aspect of the industry's commitment to environmental sustainability. LNG, in particular, offers a cleaner-burning fuel option, reducing emissions of sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter. Cargo shipping companies are investing in the retrofitting of existing vessels and the construction of new LNG-powered ships to align with these environmentally friendly practices.

Additionally, the exploration of innovative technologies, such as wind-assisted propulsion and solar power, aims to further reduce the carbon footprint of cargo shipping. The integration of energy-efficient technologies, including advanced hull designs and propulsion systems, contributes to overall fuel efficiency. Sustainability certifications and adherence to environmental standards have become important differentiators for cargo shipping companies seeking to demonstrate their commitment to ecological preservation while meeting the evolving expectations of stakeholders and consumers.

Download Free Sample Report

Key Market Challenges

Stringent Environmental Regulations

One of the foremost challenges confronting the Global Cargo Shipping Market is the imposition of increasingly stringent environmental regulations. As concerns about climate change and environmental sustainability intensify globally, regulatory bodies, led by the International Maritime Organization (IMO), are implementing measures to curb the industry's carbon footprint. The International Maritime Organization's strategy to reduce greenhouse gas (GHG) emissions from ships includes mandatory energy efficiency measures, the establishment of emission reduction targets, and the phasing in of stricter standards for new vessels. Compliance with these regulations poses a significant challenge for cargo shipping companies, necessitating substantial investments in eco-friendly technologies, alternative fuels, and operational adjustments to achieve emissions reduction targets while maintaining operational efficiency.

The transition towards cleaner-burning fuels, such as liquefied natural gas (LNG) and biofuels, presents both a technological and infrastructural challenge. The retrofitting of existing vessels and the construction of new LNG-powered ships require substantial capital investments. Moreover, the development and implementation of efficient fueling infrastructure, including bunkering facilities for alternative fuels, present logistical challenges that the industry must navigate to align with the evolving regulatory landscape.

Complexities of Last-Mile Delivery in E-Commerce

The exponential growth of e-commerce, fueled by changing consumer behaviors and technological advancements, has introduced complexities in last-mile delivery, posing a significant challenge for the Global Cargo Shipping Market. E-commerce platforms, driven by customer expectations for swift and reliable deliveries, necessitate efficient coordination between cargo shipping companies and local delivery services. Last-mile delivery involves the transport of goods from distribution centers to the end consumer's doorstep, often navigating urban congestion, varied delivery preferences, and stringent time constraints.

The diverse nature of products in e-commerce, ranging from small electronics to large furniture items, introduces complexities in the handling and transportation process. Cargo shipping companies need to adapt their logistics strategies to accommodate the unique challenges associated with last-mile delivery, including the need for specialized vehicles, advanced tracking systems, and dynamic routing algorithms. The ability to provide seamless end-to-end logistics solutions, integrating cargo shipping services with effective last-mile delivery options, becomes crucial to meet the expectations of the e-commerce-driven market.

Supply Chain Disruptions and Resilience

The Global Cargo Shipping Market faces ongoing challenges related to the resilience of global supply chains. The industry is susceptible to various disruptions, including geopolitical tensions, natural disasters, and global health crises. The COVID-19 pandemic, in particular, exposed vulnerabilities in the supply chain, leading to disruptions in cargo shipping schedules, port operations, and labor availability. The unpredictability of such events requires cargo shipping companies to enhance their supply chain resilience by implementing robust risk management strategies, diversifying supply chain sources, and investing in technologies that provide real-time visibility and agility.

Additionally, supply chain disruptions often result in increased lead times, delays in cargo delivery, and additional costs associated with rerouting and reorganizing logistics operations. The need for enhanced supply chain resilience extends beyond the physical transportation of goods, encompassing communication networks, digital infrastructure, and contingency planning. Balancing efficiency and resilience becomes a delicate challenge, requiring cargo shipping companies to adopt adaptive strategies that mitigate risks without compromising operational efficiency.

Cybersecurity Threats and Technological Vulnerabilities

As the Global Cargo Shipping Market embraces digitalization and relies on advanced technologies for operational efficiency, it becomes increasingly susceptible to cybersecurity threats and technological vulnerabilities. The industry's dependence on digital platforms for communication, navigation, and supply chain management introduces the risk of cyberattacks, data breaches, and disruptions to critical systems. Cargo shipping companies must invest in robust cybersecurity measures to safeguard sensitive information, protect vessel systems from unauthorized access, and ensure the integrity of digital communication networks.

The interconnected nature of the cargo shipping ecosystem, involving numerous stakeholders such as port authorities, logistics providers, and customs agencies, amplifies the potential impact of cybersecurity threats. A breach in one part of the supply chain can reverberate across the entire network, leading to operational disruptions, financial losses, and reputational damage. The challenge lies in implementing comprehensive cybersecurity protocols, fostering a culture of cybersecurity awareness among personnel, and staying ahead of evolving cyber threats in an increasingly digitalized environment.

Overcapacity and Volatility in Freight Rates

Overcapacity and the resultant volatility in freight rates present an enduring challenge for the Global Cargo Shipping Market. The industry often experiences periods of overcapacity, driven by factors such as the introduction of new vessels, economic downturns, and fluctuations in global demand. The excess supply of shipping capacity can lead to a downward pressure on freight rates, impacting the profitability of cargo shipping companies. Conversely, during periods of heightened demand, the industry may struggle to meet capacity requirements, resulting in rapid spikes in freight rates.

Cargo shipping companies must navigate this cyclical nature of the market, balancing investments in fleet expansion with the risk of overcapacity during economic downturns. Overcapacity not only affects freight rates but also contributes to increased competition among shipping companies, intensifying the struggle for market share. Strategic planning, fleet optimization, and collaboration within the industry become essential to manage overcapacity challenges effectively.

Key Market Trends

Digitalization and Blockchain Integration

A prominent trend shaping the Global Cargo Shipping Market is the widespread adoption of digitalization and the integration of blockchain technology into supply chain operations. Cargo shipping companies are increasingly leveraging digital platforms to streamline processes, enhance efficiency, and provide real-time visibility into the movement of goods. Digitalization facilitates end-to-end transparency, allowing stakeholders to track shipments, manage inventory, and optimize routes. Furthermore, the implementation of blockchain technology in cargo shipping introduces secure, transparent, and decentralized ledger systems, reducing the risk of fraud, enhancing data accuracy, and improving overall supply chain integrity.

Blockchain's ability to create a tamper-proof record of transactions is particularly valuable in the complex web of international trade, providing a verifiable and traceable history of shipments. This trend towards digitalization and blockchain integration is expected to continue, driven by the need for increased efficiency, reduced paperwork, and enhanced security in cargo shipping operations.

Sustainable Shipping Practices

The Global Cargo Shipping Market is witnessing a significant shift towards sustainable practices and environmentally friendly initiatives. With increasing awareness of the environmental impact of maritime transportation, cargo shipping companies are actively pursuing measures to reduce their carbon footprint. This includes the adoption of alternative fuels, such as liquefied natural gas (LNG) and biofuels, to power vessels, resulting in lower emissions of sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter.

Additionally, there is a growing emphasis on energy-efficient vessel designs, incorporating technologies such as wind-assisted propulsion and solar power. The industry is also exploring innovative approaches, including the use of hull coatings that reduce drag and improve fuel efficiency. Sustainable shipping practices align with international regulations aimed at emissions reduction, such as the International Maritime Organization's (IMO) targets, and respond to growing consumer and stakeholder expectations for environmentally responsible transportation.

Autonomous Shipping and Robotics

Autonomous shipping and the integration of robotics into cargo shipping operations are emerging as transformative trends in the industry. Advances in artificial intelligence (AI) and robotics technology are enabling the development of autonomous vessels capable of navigating maritime routes without human intervention. Autonomous shipping holds the potential to enhance operational efficiency, reduce labor costs, and mitigate safety risks associated with human error.

Cargo shipping companies are investing in research and development to deploy autonomous vessels for specific routes and tasks, particularly in regions with predictable and well-defined shipping lanes. The use of robotics extends beyond autonomous vessels, encompassing robotic automation in port operations, container handling, and cargo loading and unloading. This trend is driven by the desire to optimize operations, minimize turnaround times, and respond to the evolving landscape of smart and connected logistics.

Resilience and Diversification of Supply Chains

In the wake of global disruptions, including the COVID-19 pandemic, the Global Cargo Shipping Market is witnessing a trend towards the resilience and diversification of supply chains. Cargo shipping companies are reevaluating their supply chain strategies to build resilience against unforeseen events and reduce dependency on single-source suppliers or routes. This involves diversifying suppliers, sourcing components from multiple regions, and optimizing logistics networks to ensure flexibility in responding to disruptions.

The realization of the vulnerability of global supply chains during the pandemic has prompted cargo shipping companies to enhance risk management practices and invest in technologies that provide real-time visibility into supply chain operations. This trend towards resilient and diversified supply chains is expected to continue as companies prioritize adaptability and contingency planning to navigate future uncertainties.

Data Analytics for Predictive Insights

The increasing reliance on data analytics for predictive insights is a key trend shaping the Global Cargo Shipping Market. Cargo shipping companies are harnessing the power of big data analytics to optimize routes, predict maintenance needs, and enhance overall operational efficiency. Predictive analytics enables companies to forecast demand, optimize vessel utilization, and proactively address potential disruptions, contributing to cost savings and improved customer service.

Advanced analytics platforms leverage historical data, real-time monitoring, and predictive modeling to provide actionable insights for decision-makers. This trend extends to predictive maintenance, where data analytics are used to identify potential issues in vessel components before they lead to equipment failure. The integration of artificial intelligence and machine learning further enhances the capabilities of data analytics, enabling cargo shipping companies to make informed decisions, reduce downtime, and improve the overall reliability of their operations.

Segmental Insights

Cargo Type Analysis

The global Cargo Shipping Market has seen a substantial growth in recent years, largely driven by the increase in international trade. Diverse cargo types, including dry bulk, oil, and container cargo, each hold a significant share in the market. Dry bulk cargo, comprising materials like coal and iron ore, is often linked with industrial growth and infrastructure development. Oil cargo, essential for energy requirements, fluctuates with global oil demand and supply. Lastly, container cargo, typically used for transporting manufactured goods, often reflects trends in consumer markets. Understanding the dynamics of these cargo types provides key insights into global economic trends and trade patterns.

Industry Type Analysis

The global Cargo Shipping Market is a vast and diverse industry with numerous players. It involves the transportation of goods and materials from one location to another, playing a crucial role in global commerce and the economy. This market is influenced by several factors, including international trade volumes, economic growth, advancements in technology, and government regulations. Furthermore, trends such as the rise of e-commerce and the shift towards green shipping practices are shaping the future of this industry.

Download Free Sample Report

Regional Insights

The global Cargo Shipping Market exhibits a diverse landscape due to differing regional trends and economic factors. In Asia Pacific, robust manufacturing activities and expanding e-commerce industry have substantially driven the cargo shipping demand. Europe, with its extensive trade activities within the region and with Asia, remains a strong force in the global scenario. The growth in North America is fuelled by advancements in cargo shipping technologies and an upsurge in international trade agreements. Meanwhile, emerging economies in Latin America and Africa are presenting promising growth prospects owing to increasing industrialisation and infrastructural developments.

Recent Developments

The CMA CGM Group deployed one of the largest container ships, the CMA CGM BRAZIL, to operate on the weekly Columbus JAX service on the U.S. East Coast.
HMM announced the sale of its 49% stake in the TTI Algeciras (Total Terminal International Algeciras), a container terminal in Spain, to the CMA CGM Group.

Key Market Players

A.P. Moller-Maersk
Mediterranean Shipping Company S.A. (MSC)
CMA CGM Group
Orient Overseas Container Line Limited (OOCL)
China COSCO Shipping
Evergreen International Corp.
Hapag-Lloyd AG
Ocean Network Express Pte. Ltd. (ONE)
Yang Ming Group
HMM Co., Ltd.

By Cargo Type	By Industry Type	By Region
Liquid Bulk Dry Bulk General Cargo Container Cargo	Food & Beverages Manufacturing Oil Gas & Ores Electrical & Electronics	North America Europe & CIS Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Cargo Shipping Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Cargo Shipping Market, By Cargo Type:

o Liquid Bulk

o Dry Bulk

o General Cargo

o Container Cargo

Cargo Shipping Market, By Industry Type:

o Food & Beverages

o Manufacturing

o Oil

o Gas & Ores

o Electrical & Electronics

Cargo Shipping Market, By Region:

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ South Korea

§ Australia

o Europe & CIS

§ Germany

§ Spain

§ France

§ Russia

§ Italy

§ United Kingdom

§ Belgium

o North America

§ United States

§ Canada

§ Mexico

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Turkey

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Cargo Shipping Market.

Available Customizations:

Global Cargo Shipping Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Cargo Shipping Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global Cargo Shipping Market

5. Global Cargo Shipping Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Cargo Type Market Share Analysis (Liquid Bulk, Dry Bulk, General Cargo, Container Cargo)

5.2.2. By Industry Type Market Share Analysis (Food & Beverages, Manufacturing, Oil, Gas & Ores, Electrical & Electronics)

5.2.3. By Regional Market Share Analysis

5.2.3.1. Asia-Pacific Market Share Analysis

5.2.3.2. Europe & CIS Market Share Analysis

5.2.3.3. North America Market Share Analysis

5.2.3.4. South America Market Share Analysis

5.2.3.5. Middle East & Africa Market Share Analysis

5.2.4. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3. Global Cargo Shipping Market Mapping & Opportunity Assessment

5.3.1. By Cargo Type Market Mapping & Opportunity Assessment

5.3.2. By Industry Type Market Mapping & Opportunity Assessment

5.3.3. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Cargo Shipping Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Cargo Type Market Share Analysis

6.2.2. By Industry Type Market Share Analysis

6.2.3. By Country Market Share Analysis

6.2.3.1. China Market Share Analysis

6.2.3.2. India Market Share Analysis

6.2.3.3. Japan Market Share Analysis

6.2.3.4. Indonesia Market Share Analysis

6.2.3.5. Thailand Market Share Analysis

6.2.3.6. South Korea Market Share Analysis

6.2.3.7. Australia Market Share Analysis

6.2.3.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China Cargo Shipping Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Cargo Type Market Share Analysis

6.3.1.2.2. By Industry Type Market Share Analysis

6.3.2. India Cargo Shipping Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Cargo Type Market Share Analysis

6.3.2.2.2. By Industry Type Market Share Analysis

6.3.3. Japan Cargo Shipping Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Cargo Type Market Share Analysis

6.3.3.2.2. By Industry Type Market Share Analysis

6.3.4. Indonesia Cargo Shipping Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Cargo Type Market Share Analysis

6.3.4.2.2. By Industry Type Market Share Analysis

6.3.5. Thailand Cargo Shipping Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Cargo Type Market Share Analysis

6.3.5.2.2. By Industry Type Market Share Analysis

6.3.6. South Korea Cargo Shipping Market Outlook

6.3.6.1. Market Size & Forecast

6.3.6.1.1. By Value

6.3.6.2. Market Share & Forecast

6.3.6.2.1. By Cargo Type Market Share Analysis

6.3.6.2.2. By Industry Type Market Share Analysis

6.3.7. Australia Cargo Shipping Market Outlook

6.3.7.1. Market Size & Forecast

6.3.7.1.1. By Value

6.3.7.2. Market Share & Forecast

6.3.7.2.1. By Cargo Type Market Share Analysis

6.3.7.2.2. By Industry Type Market Share Analysis

7. Europe & CIS Cargo Shipping Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Cargo Type Market Share Analysis

7.2.2. By Industry Type Market Share Analysis

7.2.3. By Country Market Share Analysis

7.2.3.1. Germany Market Share Analysis

7.2.3.2. Spain Market Share Analysis

7.2.3.3. France Market Share Analysis

7.2.3.4. Russia Market Share Analysis

7.2.3.5. Italy Market Share Analysis

7.2.3.6. United Kingdom Market Share Analysis

7.2.3.7. Belgium Market Share Analysis

7.2.3.8. Rest of Europe & CIS Market Share Analysis

7.3. Europe & CIS: Country Analysis

7.3.1. Germany Cargo Shipping Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Cargo Type Market Share Analysis

7.3.1.2.2. By Industry Type Market Share Analysis

7.3.2. Spain Cargo Shipping Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Cargo Type Market Share Analysis

7.3.2.2.2. By Industry Type Market Share Analysis

7.3.3. France Cargo Shipping Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Cargo Type Market Share Analysis

7.3.3.2.2. By Industry Type Market Share Analysis

7.3.4. Russia Cargo Shipping Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Cargo Type Market Share Analysis

7.3.4.2.2. By Industry Type Market Share Analysis

7.3.5. Italy Cargo Shipping Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Cargo Type Market Share Analysis

7.3.5.2.2. By Industry Type Market Share Analysis

7.3.6. United Kingdom Cargo Shipping Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Cargo Type Market Share Analysis

7.3.6.2.2. By Industry Type Market Share Analysis

7.3.7. Belgium Cargo Shipping Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Value

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Cargo Type Market Share Analysis

7.3.7.2.2. By Industry Type Market Share Analysis

8. North America Cargo Shipping Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Cargo Type Market Share Analysis

8.2.2. By Industry Type Market Share Analysis

8.2.3. By Country Market Share Analysis

8.2.3.1. United States Market Share Analysis

8.2.3.2. Mexico Market Share Analysis

8.2.3.3. Canada Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States Cargo Shipping Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Cargo Type Market Share Analysis

8.3.1.2.2. By Industry Type Market Share Analysis

8.3.2. Mexico Cargo Shipping Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Cargo Type Market Share Analysis

8.3.2.2.2. By Industry Type Market Share Analysis

8.3.3. Canada Cargo Shipping Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Cargo Type Market Share Analysis

8.3.3.2.2. By Industry Type Market Share Analysis

9. South America Cargo Shipping Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Cargo Type Market Share Analysis

9.2.2. By Industry Type Market Share Analysis

9.2.3. By Country Market Share Analysis

9.2.3.1. Brazil Market Share Analysis

9.2.3.2. Argentina Market Share Analysis

9.2.3.3. Colombia Market Share Analysis

9.2.3.4. Rest of South America Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Cargo Shipping Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Cargo Type Market Share Analysis

9.3.1.2.2. By Industry Type Market Share Analysis

9.3.2. Colombia Cargo Shipping Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Cargo Type Market Share Analysis

9.3.2.2.2. By Industry Type Market Share Analysis

9.3.3. Argentina Cargo Shipping Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Cargo Type Market Share Analysis

9.3.3.2.2. By Industry Type Market Share Analysis

10. Middle East & Africa Cargo Shipping Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Cargo Type Market Share Analysis

10.2.2. By Industry Type Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1. South Africa Market Share Analysis

10.2.3.2. Turkey Market Share Analysis

10.2.3.3. Saudi Arabia Market Share Analysis

10.2.3.4. UAE Market Share Analysis

10.2.3.5. Rest of Middle East & Africa Market Share Africa

10.3. Middle East & Africa: Country Analysis

10.3.1. South Africa Cargo Shipping Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Cargo Type Market Share Analysis

10.3.1.2.2. By Industry Type Market Share Analysis

10.3.2. Turkey Cargo Shipping Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Cargo Type Market Share Analysis

10.3.2.2.2. By Industry Type Market Share Analysis

10.3.3. Saudi Arabia Cargo Shipping Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Cargo Type Market Share Analysis

10.3.3.2.2. By Industry Type Market Share Analysis

10.3.4. UAE Cargo Shipping Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Cargo Type Market Share Analysis

10.3.4.2.2. By Industry Type Market Share Analysis

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1. Market Drivers

12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Up to 10 Major Companies)

14.1.1. HMM Co., Ltd.

14.1.1.1. Company Details

14.1.1.2. Key Product Offered

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Recent Developments

14.1.1.5. Key Management Personnel

14.1.2. A.P. Moller-Maersk

14.1.2.1. Company Details

14.1.2.2. Key Product Offered

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Recent Developments

14.1.2.5. Key Management Personnel

14.1.3. Mediterranean Shipping Company S.A. (MSC)

14.1.3.1. Company Details

14.1.3.2. Key Product Offered

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Recent Developments

14.1.3.5. Key Management Personnel

14.1.4. CMA CGM Group

14.1.4.1. Company Details

14.1.4.2. Key Product Offered

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Recent Developments

14.1.4.5. Key Management Personnel

14.1.5. Orient Overseas Container Line Limited (OOCL)

14.1.5.1. Company Details

14.1.5.2. Key Product Offered

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Recent Developments

14.1.5.5. Key Management Personnel

14.1.6. China COSCO Shipping

14.1.6.1. Company Details

14.1.6.2. Key Product Offered

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Recent Developments

14.1.6.5. Key Management Personnel

14.1.7. Evergreen International Corp.

14.1.7.1. Company Details

14.1.7.2. Key Product Offered

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Recent Developments

14.1.7.5. Key Management Personnel

14.1.8. Hapag-Lloyd AG

14.1.8.1. Company Details

14.1.8.2. Key Product Offered

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Recent Developments

14.1.8.5. Key Management Personnel

14.1.9. Ocean Network Express Pte. Ltd. (ONE)

14.1.9.1. Company Details

14.1.9.2. Key Product Offered

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Recent Developments

14.1.9.5. Key Management Personnel

14.1.10. Yang Ming Group

14.1.10.1. Company Details

14.1.10.2. Key Product Offered

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Recent Developments

14.1.10.5. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Cargo Type

15.1.3. Target Industry Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Cargo Shipping Market in 2022?

The market size of the Global Cargo Shipping Market was estimated to be USD 12.57 Billion in 2022.

Which was the dominant segment By Cargo Type in the Global Cargo Shipping Market in 2022?

In 2022, the dominant segment by cargo type in the Global Cargo Shipping Market was Container Cargo. This segment experienced significant growth due to the increased efficiency of shipping containers, helping to streamline transportation and logistics across the globe.

Which is the dominant region in the Global Cargo Shipping Market?

The Asia-Pacific region dominates the global cargo shipping market. This is primarily due to the significant presence of many of the world's busiest ports, substantial manufacturing sectors, and rapid growth in e-commerce activities within this region.

What are the major drivers for the Global Cargo Shipping Market?

The Global Cargo Shipping Market is primarily driven by increasing international trade volumes, facilitated by globalization, and the growing demand for efficient and cost-effective freight transportation solutions, including containerization. Advances in technology, such as digitization and automation, further contribute to streamlined logistics and enhanced supply chain management.

Related Reports

Srishti Verma

Business Consultant

Talk To Analyst

Press Release

Cargo Shipping Market to Grow with a CAGR of 2.97% Globally Through to 2028

Dec, 2023

The Global Cargo Shipping Market is primarily driven by increasing international trade volumes, facilitated by globalization, and the growing demand for efficient and cost-effective freight transport

Cargo Shipping Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Cargo Type (Liquid Bulk, Dry Bulk, General Cargo, Container Cargo), By Industry Type (Food & Beverages, Manufacturing, Oil, Gas & Ores, Electrical & Electronics), By Region, Competition 2018-2028

Buy Now