Cargo Shipping Global Market Size, Share, Segments, Technologies, Applications, Verticals, Strategies and Regional Forecast to 2027

The global cargo shipping market is growing continually, mainly due to the flourishing logistic businesses worldwide. Besides, rapid digitization and automation in logistics, alongside growing uses of cargo shipping services across industries, escalate the market growth. With rising export-import trades and shipment & courier businesses globally, the market is likely to perceive substantial traction in the next few years.

According to Market Research Future (MRFR, the global cargo shipping market is expected to garner significant gains by 2027, growing at a colossal CAGR during the review period (2020–2027). Additionally, advances in technologies and production & manufacturing processes scale up the cargo shipping market growth.

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The rising need for improved productivity, performance, and security of logistics-intensive businesses bolster the growth of the market. Logistics service providers (LSPs) that find it difficult to shell out high shipping costs and an inferior customer experience create substantial market demand. Increasing adoption of cargo shipping services to plan, allocate, and execute shipments, pushes the market shares.

Furthermore, the augmenting demand for software-as-a-service solutions to route, schedule, track, and measure delivery resources boosts market size. Forward-looking companies constantly think about creating value with innovations that can take customer experience to the next level. Increasing demand for advanced solutions that can monitor the location and other critical cargo parameters like acceleration events pushes the market size further.

Global Cargo Shipping Market — Segmentation

The report is segmented into cargo types, end-use industries, and regions. The cargo type segment is sub-segmented into container cargos, bulk cargos, general cargos, and liquid cargos. The end-use industry segment is sub-segmented into manufacturing, food, oil & ores, electrical & electronics, and others. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.

Global Cargo Shipping Market — Regional Analysis

The Asia Pacific region dominates the global cargo shipping market due to the rapid industrialization and increasing commercial & military activities. Besides, vastly increasing investments and demand for cargo shipping propel the regional market shares. Increasing imports and exports, alongside the huge demand for logistic services, impact the market growth positively. Furthermore, the growing e-commerce industry and huge demand for online shopping in the region fuel the market growth.

Global Cargo Shipping Market — Competitive Analysis

Highly competitive, the cargo shipping market appears to be fragmented, with several well-established players forming a competitive landscape. These players incorporate strategic approaches such as mergers & acquisitions, collaborations, partnerships, expansions, and product/ technology launches to maintain their positions and gain a larger competitive advantage in this market.

Major Players:

Players leading the global cargo shipping market include CMA CGM Group (France), A.P Moller/Maersk (Denmark), MSC Mediterranean Shipping Company S.A. (Switzerland), DB Schenker (Germany), and Panalpina World Transport (Holding) Ltd. (Switzerland), among others.

Industry/ Innovation/ Related News

Oct. 10, 2021 — — Kerala government, India revamped incentive scheme for coastal shipping. The Kerala government has recently approved a revised coastal shipping incentive scheme on loaded containers moving between Kochi and non-major ports in the State. The incentive on freight would be disbursed as a fixed amount according to a rate chart fixed for various routes.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact

Market Research Future
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Magarpatta Road, Hadapsar,
Pune 411028
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