Global cargo shipping transportation market stood at USD157.49 billion by value in 2024-2032 and is forecast to grow at a CAGR of 5.87% until 2026, owing to the
On the basis of Cargo Type, the
Based on Industry, the market can be segmented into Oil & Gas, Ores, Manufacturing, Food, Electrical and Electronics and Others. Oil & Gas segment accounts for the largest market share due to crude oil, refined petroleum products and gas, which continued to grow amid a surplus in oil market supply and low oil prices. Total seaborne trade volumes of oil tanker trade reached 3.1 billion tons in 2024-2032 indicating a continuous increase over the previous years. Oil imports have continued at a steady rate in order to increase the inventory for crude oil and refined oil products. Such positive trends were supported by strong demand for crude oil imports in China, India and the United States and large quantities of exported petroleum products from India and China
Asia Pacific is estimated to be the largest market owing to the increasing infrastructural development activities and rising urbanization and industrialization in the region. Moreover, increasing investments in the manufacturing and trade industry in the region is expected to positively influence the market.
Years Considered for this Report
Historical Years2016-2024-2032
Base Year2024-2032
Estimated Year2024-2032
Forecast Period2022-2026
Objective of the Study
The primary objective of the study is to understand and gain insights about global cargo shipping transportation market by value and seaborne trade volume and its segmental analysis by cargo type, by end use and by company from 2016-2026.
To estimate and forecast the global cargo shipping transportation market size from 2024-2032 to 2026 and growth rate until 2026.
To categorize and forecast the global cargo shipping transportation market by Cargo Type – Bulk Cargo, Oil & gas and Liquid Cargo, Container Cargo, General Cargo and Others.
To categorize and forecast global cargo shipping transportation market by Industry – Oil and Gas, Manufacturing, Electrical and Electronics, Food and others.
To categorize and forecast the global cargo shipping transportation market by region such as Asia-Pacific, Europe, North America, South America and Middle East & Africa.
To identify major drivers & challenges for the global cargo shipping transportation market.
To identify major trends in global cargo shipping transportation market.
To profile major companies operating in the global cargo shipping transportation market.
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To analyze and forecast the global cargo shipping transportation market, both top-down and bottom-up approaches have been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in the global cargo shipping transportation market was also undertaken
Various secondary sources
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, about which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on the growth of the market.
