The global cargo shipping market is projected to grow at a CAGR of over 3%, in value terms, during 2023-2027. Global trade of manufactured goods, increasing demand & supply for sea transportation, growing infrastructure development in various countries are the factors for growth in global cargo shipping market. Challenges related to global environmental changes and geopolitics can hamper the growth of cargo shipping market.

The global cargo shipping market is segmented based on product, industry and geography. Based on product type, general cargo dominated the market in 2021 as it includes advantages such as individual transport of commodities that help in reduced ship time at port terminals and enhanced utilization of ship space. Regionally, Asia-Pacific dominated the market share in 2021 which can be attributed to rising trend of globalization and demographic changes.

Some of the major players operating in the global cargo shipping market include CMA-CGM SA, A.P. Moller-Maersk Group, Mediterranean Shipping Company S.A., Panalpina World Transport 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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Objective of the Study:

To analyze and forecast market size of the Global Cargo Shipping market, in terms of value & volume.
To define, classify and forecast the global cargo shipping market on the basis of cargo type, by industry and regional distribution.
To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global Cargo Shipping market into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.
To identify tailwinds and headwinds for the global cargo shipping market.
To examine competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions in the global Cargo Shipping market.

To evaluate competitor and trends in the global Cargo Shipping market.
To strategically profile the leading players, which are involved in the Cargo Shipping globally.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of cargo shipping providers and suppliers globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include providers that could not be identified due to the limitations of secondary research. TechSci Research regional presence of all major Cargo Shipping suppliers across the globe.

TechSci Research calculated the market size for the global cargo shipping market using a bottom-up approach, where providers’ value data for different cargo type of (Container Cargo, Bulk Cargo & General Cargo) Cargo Shipping was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective providers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research

Key Target Audience:

Global cargo shipping providers
Global cargo shipping suppliers
Research organizations and consulting companies
Organizations, associations and alliances related to cargo shipping providers
Government bodies such as regulating authorities and policy makers.

Industry associations
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as cargo shipping providers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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Cargo Shipping Market: Industry Size, Share, and Competition