Cargo Shipping Market, By Cargo Type (Container Cargo, Bulk Cargo, General Cargo and Oil & Gas), End User (Food & Beverages, Manufacturing, Oil & Gas, Metal Ores and Electrical & Electronics), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Growing investments for development of infrastructure, rapid globalization and demographic changes, rising global seaborne trades and increasing imports and exports of various types of heavy and light weight cargo are the factors driving the growth of global cargo shipping market. Increasing global geopolitics and the time taken to deliver cargo shipment are the factors restraining the growth of global cargo shipping market. Signing of free trade agreements (FTA) such as ASEAN free trade area (AFTA), North American free trade agreement (NAFTA) and trans-pacific strategic economic partnership (TPSEP) among various countries and further economic development are the opportunities for global cargo shipping market. Stringent environmental and safety regulations and increasing freight rates are the challenges for global cargo shipping market.
Global Cargo Shipping Market is expected to reach USD 17.80 billion by 2028 witnessing market growth at a rate of 3.8% in the forecast period of 2020 to 2028. Data Bridge Market Research report on cargo shipping market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Cargo refers to the goods which are transported from one place to another either by sea, land or air. There are different weight limitations of cargo depending on the mode of transport. The bulkiest of goods are transported through sea since they are transported through freighters which have huge load capacities. However, they take time and faster modes of transport include flights or long distance trucks.This cargo shipping market provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cargo shipping market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Cargo Shipping Market Scope and Market Size:
The cargo shipping market is segmented on the basis of cargo type and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of cargo type, the cargo shipping market has been segmented as container cargo, bulk cargo, general cargo and oil & gas. Container cargo can be further segmented into 20 foot (6.08 m) twenty-foot equivalent unit (TEU), 40 foot (12.8 m) forty-foot equivalent unit (FEU), 45 foot (13.7m) and 48 foot (14.6m). Bulk cargo can be further segmented into commodity, materials and oil. General cargo can be further segmented into solids and raw materials.Cargo shipping market has also been segmented on the basis of end user into food & beverages, manufacturing, oil & gas, metal ores and electrical & electronics.
Market Competitors:
The major players covered in the cargo shipping market report are CMA-CGM SA, A.P. Moller-Maersk Group, China COSCO Holdings Company Limited, Mediterranean Shipping Company S.A., Panalpina World Transport (Holding) Ltd., DHL Global Forwarding, Nippon Express Co., Ltd, Hapag-Lloyd AG, Ceva Logistics, Deutsche Bahn AG, Maersk and DB Schenker among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
In October 2020, Yang Ming Marine Transport has opened a depot at Port Klang in Malaysia as a part of joint venture with Taiwan Foundation International. This joint venture was named Jambatan Merah Formosa Depot which will carry out container maintenance and repair services while also provide inland empty containers. The establishment of this port will reduce the expenses of the company while increasing profits as it integrates both downstream and midstream business.
In October 2020, International Container Terminal Services, Inc. of Cameroon has allowed Kribi Multipurpose Terminal (KMT) to start its commercial operations. It has been specifically built to handle multiple shipping line services including heavy-lift cargo, dry bulk, forestry products and other cargoes. This contract has a total duration of 25 years which is divided in two phases. This port is strategically positioned in the middle of Gulf of Guinea which is surrounded by-Kribi Industrial Area.
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Cargo Shipping Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Cargo Shipping Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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