Global Cargo shipping Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Cargo shipping Market By Cargo Type, Industry Type, and Size Of Container: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Cargo shipping Market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Cargo ship is the one having ability to carry large number of huge container from one market place to another. Cargo ship can accommodate various types of commodities in several forms such as boxed, palletized, refrigerated etc. Shipping is considered as a safe convenient and cost effective way to transport goods or any sort of business item from one place to another. There are three basic types of cargo ships: general cargo ships, multipurpose vessels, and dry bulk carriers.
Increased adoption of containerization is the major driving factors for the growth of cargo shipping market globally. The large steel container can be transported without loading and unloading the inside goods and this benefit of containerization is influencing the growth of overall cargo shipping market. Global economic growth is fuelling the international trading activities which ultimately boost the global cargo shipping market. Increased industrialization worldwide is fuelling the international trading activities and this ultimately boosts the cargo shipping market. However stringent government policies regarding curb pollution at sea is expected to hamper the growth of this market.
This report provides a detailed analysis of cargo shipping market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Global Cargo shipping market is majorly segmented on the basis of Cargo Type (Liquid, Dry, General, Container), Industry Type (Food, Electrical/Electronics, Mineral Fuels & Oils, Manufacturing), Size of Container (20 foot (6.08 m) Twenty-foot Equivalent Unit, 40 foot (12.8 m) Forty-foot Equivalent Unit, 45 foot (13.7m), and 48 foot(14.6m)).
By geography, Global cargo shipping market is studied across North America, Europe, Asia-Pacific, and LAMEA. Progressive business environment combined with the presence of developed countries like Germany, France and U.K. is fuelling the growth of cargo shipping market in Europe. Growth of cargo shipping market in North America region is influenced by factors such as existence of large industries and increased adoption of containerization for transportation of goods. Growing industrialization in emerging economies like India and China is fuelling the growth of cargo shipping market in Asia Pacific region.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in Global Cargo shipping Market and what are their strategies? • What segment and region will lead the market and why?
The major companies profiled in the report include: CMA-CGM SA, A.P. Moller-Maersk Group, Mediterranean Shipping Company S.A., Panalpina World Transport (Holding) Ltd., DHL Global Forwarding, China COSCO Holdings Company Limited, Nippon Express Co., Ltd, Hapag-Lloyd AG, Ceva Logistics and Deutsche Bahn AG.
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