Global Cargo Shipping Transportation Market Forecast 2026

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

GLOBAL CARGO SHIPPING TRANSPORTATION

MARKET

FORECAST & OPPORTUNITIES

2016 – 2026

2

Scope of ReportProduct of Interest (POI): Cargo Shipping Transportation

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021

Forecast Period

2022 – 2026

Year Range

REGION

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

INDUSTRY

▪ Oil & Gas

▪ Ores

▪ Manufacturing

▪ Food

▪ Electrical and Electronics

▪ Others

▪ Bulk Cargo

▪ Oil & gas and Liquid Cargo

▪ Container Cargo

▪ General Cargo

▪ Others

CARGO TYPE

A cargo ship or freighter is a merchant ship that carries cargo, goods, andmaterials from one port to another. Thousands of cargo carriers ply theworld's seas and oceans each year, handling the bulk of international trade.

Market Segmentation

CARGO SHIPPING TRANSPORTATION MARKET

3

T a b l e o f C o n t e n t s

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Factors Affecting the Shipping Rates in Cargo Shipping

4.2. Brand Recall

4.3. Brand Awareness

5. Global Cargo Shipping Transportation Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Seaborne Trade Volume

5.2. Market Share & Forecast

5.2.1.Cargo Type (Bulk Cargo, Oil & gas and Liquid Cargo, Container Cargo,

General Cargo and Others)

5.2.2.By Industry (Oil & Gas, Ores, Manufacturing, Food, Electrical and Electronics

and Others)

5.2.3.By Region (North America; Europe; Asia-Pacific; South America; and Middle

East & Africa)

5.2.4. By Company (2020)

5.3. Product Market Map (By Cargo Type, By Industry & By Region)

Table of Contents

4



6. Asia-Pacific Cargo Shipping Transportation Market Outlook


6.1.1. By Value



6.2.1.By Cargo Type (Bulk Cargo, Oil & gas and Liquid Cargo, Container Cargo,



and Others)

6.2.3. By Country (China, South Korea, Japan, Taiwan, India & Rest of Asia-Pacific)

6.3. Asia-Pacific: Country Analysis

6.3.1. China Cargo Shipping Transportation Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.1.2. By Seaborne Trade Volume

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Cargo Type

6.3.1.2.2. By Industry

6.3.2. South Korea Cargo Shipping Transportation Market Outlook


6.3.2.1.1. By Value




Table of Contents

5



6.3.3. Japan Cargo Shipping Transportation Market Outlook


6.3.3.1.1. By Value





6.3.4. Taiwan Cargo Shipping Transportation Market Outlook


6.3.4.1.1. By Value





6.3.5. India Cargo Shipping Transportation Market Outlook


6.3.5.1.1. By Value





Table of Contents

6


6.3.6. Australia Cargo Shipping Transportation Market Outlook


6.3.6.1.1. By Value





7. Europe Cargo Shipping Transportation Market Outlook


7.1.1. By Value



7.2.1. By Cargo Type (Bulk Cargo, Oil & gas and Liquid Cargo, Container Cargo, General Cargo and

Others)

7.2.2. By Industry (Oil & Gas, Ores, Manufacturing, Food, Electrical and Electronics and Others)

7.2.3. By Country (Germany, Italy, United Kingdom, Spain, Netherlands)

7.3. Europe: Country Analysis

7.3.1. Germany Cargo Shipping Transportation Market Outlook


7.3.1.1.1. By Value



Table of Contents

7





7.3.2. Italy Cargo Shipping Transportation Market Outlook


7.3.2.1.1. By Value





7.3.3. United Kingdom Cargo Shipping Transportation Market Outlook


7.3.3.1.1. By Value





7.3.4. Spain Cargo Shipping Transportation Market Outlook


7.3.4.1.1. By Value





Table of Contents

8


7.3.5. Netherlands Cargo Shipping Transportation Market Outlook


7.3.5.1.1. By Value





8. North America Cargo Shipping Transportation Market Outlook


8.1.1. By Value



8.2.1. By Cargo Type (Bulk Cargo, Oil & gas and Liquid Cargo, Container Cargo, General Cargo and

Others)

8.2.2. By Industry (Oil & Gas, Ores, Manufacturing, Food, Electrical and Electronics and Others)

8.2.3. By Country (Germany, Italy, United Kingdom, Spain, Netherlands)

8.3. North America: Country Analysis

8.3.1. United States Cargo Shipping Transportation Market Outlook


8.3.1.1.1. By Value



Table of Contents

9





8.3.2. Canada Cargo Shipping Transportation Market Outlook


8.3.2.1.1. By Value





8.3.3. Mexico Cargo Shipping Transportation Market Outlook


8.3.3.1.1. By Value





Table of Contents

10


9. South America Cargo Shipping Transportation Market Outlook


9.1.1. By Value



9.2.1. By Cargo Type (Bulk Cargo, Oil & gas and Liquid Cargo, Container Cargo,



and Others)

9.2.3. By Country (Brazil, Argentina, Colombia & Rest of South America)

9.3. South America: Country Analysis

9.3.1. Brazil Cargo Shipping Transportation Market Outlook


9.3.1.1.1. By Value





Table of Contents

11



9.3.2. Argentina Cargo Shipping Transportation Market Outlook


9.3.2.1.1. By Value





9.3.3. Colombia Cargo Shipping Transportation Market Outlook


9.3.2.1.1. By Value





Table of Contents

12


10. Middle East & Africa Cargo Shipping Transportation Market Outlook


10.1.1. By Value



10.2.1. By Cargo Type (Bulk Cargo, Oil & gas and Liquid Cargo, Container Cargo,



and Others)

10.2.3. By Country (Saudi Arabia, Turkey, UAE, South Africa & Rest of MEA)

10.3. Middle East & Africa: Country Analysis

10.3.1. South Africa Cargo Shipping Transportation Market Outlook


10.3.1.1.1. By Value





10.3.2. UAE Cargo Shipping Transportation Market Outlook


10.3.2.1.1. By Value



Table of Contents

13




10.3.3. Saudi Arabia Cargo Shipping Transportation Market Outlook


10.3.3.1.1. By Value





10.3.4. Turkey Cargo Shipping Transportation Market Outlook


10.3.4.1.1. By Value





Table of Contents

14


11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Impact of COVID-19 on Global Cargo Shipping Transportation Market

14. Competitive Landscape

14.1. Company Profiles (Top 10 Companies)

14.1.1. Company Details

14.1.2. Products & Services

14.1.3. Financials (As Reported)

14.1.4. Key Market Focus & Geographical Presence

14.1.5. Recent Developments

14.1.6. Key Management Personnel

15. Strategic Recommendations

16. About Us & Disclaimer

Table of Contents

RESEARCH METHODOLOGY

16

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing list of respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global cargo shipping transportation market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global Cargo Shipping

Transportation Market

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Final Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Website✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

17


Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of global cargo shipping transportation market. The team

has analyzed the outlook of various segments of this market, while considering the major influencing factors such as developments in

construction sector in emerging countries; home renovations and changing consumer lifestyle trends; etc. and speculated a positive growth

during the next 5 years. The study includes market forecasting which would enable our clients to take better decisions while planning their

strategy to achieve sustainability in global cargo shipping transportation market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive

secondary research and primary surveys, with various key opinion leaders/stakeholders, such as cargo shipping transportation supplier

companies, channel partners, end users, industry experts, and other industry participants.

• The team interviewed more than 25 – 30 cargo shipping transportation supplier companies, 100 – 120 channel partners, 150 – 200 end

users, and 15 – 20 industry experts and other value chain stakeholders in global cargo shipping transportation market to obtain the overall

market size from 2016-2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was

averaged out, to arrive at the market size data from 2016-2020.

18


• Respondents were asked about the current and future market growth rates, market shares by cargo type, by industry, by company and by

each region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across

various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further

triangulated from other stakeholders depending upon the type of cargo shipping transportation.

Methodology Followed for Calculation of Market Shares:

• Market shares by cargo type, by industry, by company and by each region were calculated based on the responses received through primary

surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various type of

cargo shipping transportation. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion

leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global cargo

shipping transportation market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

19


TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research

also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It

should be noted that the figures compiled are only for the organized market including market share data.

Partial List of Companies Interviewed Key Secondary Sources

▪ A.P. Moller-Maersk Group

▪ Mediterranean Shipping Company S.A.

▪ COSCO Shipping International (Hong Kong) Co.,

Ltd.

▪ CMA CGM S.A.

▪ Hapag-Lloyd AG

▪ Ocean Network Express Pte. Ltd.

▪ Evergreen Marine Corporation

▪ HMM Company Limited

▪ Yang Ming Marine Transport Corporation

▪ Zim Integrated Shipping Services Ltd.

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

20

Industry Brief

According to TechSci Research report, “Global Cargo Shipping Transportation Market By Cargo Type (Bulk Cargo, Oil & gas and Liquid Cargo, Container Cargo, General Cargo

and Others), By Industry (Oil & Gas, Ores, Manufacturing, Food, Electrical and Electronics and Others), By Region, Competition Forecast & Opportunities, 2016-2026’’, the

global cargo shipping transportation market is projected to cross 13 billion tons in terms of seaborne trade volume by 2026, on account of growing economies like India, China

and Brazil. Moreover, growing exports and imports of bulk, general, liquid and container cargo trade in Asia Pacific & the Middle East countries is expected to bolster the global

cargo shipping transportation market through 2026. Additionally, the free trade agreements that are passed by different countries such as Trans-Pacific Strategic Economic

Partnership (TPSEP), ASEAN Free Trade Area (AFTA) and North American Free Trade Agreement (NAFTA) are some of the factors that are boosting the global cargo shipping

transportation market in the forecast period.

Global cargo shipping transportation market can be segmented based on Cargo Type, Industry and Region. In terms of Cargo type, the market can bifurcate into Bulk Cargo, Oil

& gas and Liquid Cargo, Container Cargo, General Cargo and Others. Rapid urbanization and industrialization are likely to propel the demand for bulk cargo shipping especially

in the Asia Pacific and South America Regions. Rising infrastructure development, that requires significant usage of iron ore, industrial coal and steel products is anticipated to

drive the demand for bulk cargo shipping. Nowadays, seaborne trade has grown to an extent where almost no country can be fully self-reliant only on its domestic resources.

Every country is involved in the process of exporting what it produces and importing what it lacks, no individual country can be dependent only on its domestic resource. General

cargo is likely to witness the highest CAGR in the global cargo shipping transportation market owing to offer flexibility to be used as non-specialized cargo.

In terms of Industry, the market is segmented into Oil & Gas, Ores, Manufacturing, Food, Electrical and Electronics and Others. The Oil and Ores segment dominates the market

owing to the increased demand and supply of crude oil, refined petroleum products and gas. The oil sector continued and will continue to grow in the coming years amid a

surplus in oil market supply and low oil prices. In 2016, the leading oil producer in the world was Western Asia and the leading consumption was in the Asia Pacific region. Also,

the leading producer of natural gas in 2016 was North America and the highest natural gas consumption was in North America followed by Asia Pacific. Therefore, the trade

between these countries is expected to positively influence the market for oil and gas. The liquified petroleum gas trade increase by a considerable amount in the past years

owing to the continued rise in exports from the United States and Western Asia and robust import demand in China and India. The growing demand from the petrochemical

industry and the household sector were the main sources of demand in both countries.

In the global cargo shipping transportation market, Asia-Pacific is the largest contributor with around 35% market share by value in 2020. China is the largest contributing country

in the region with around 53% share by value in 2020, followed by South Korea, Japan, Taiwan and India. The growing infrastructure and manufacturing sectors in China are

contributing to the country’s leading market position. In India, increasing urbanisation, growing population and industrial sector are expected to positively influence the cargo

shipping transportation market in India during forecast period. Moreover, the rising trend of globalization is also a key factor influencing the growth of the cargo shipping

transportation market in the region. Nine out of the world’s top ten ports are located in the Asia-Pacific region. The Shanghai Port (China), Singapore Port (Singapore), Shenzhen

Port (China), Ningbo-Zhoushan (China), Hong Kong, S.A.R.(China), Busan Port (Republic of Korea) & Keihin Port (Japan) are some port terminals that handle millions of TEU

annually that subsequently drive the growth of the Asia Pacific market.

A.P. Moller – Maersk, Mediterranean Shipping Company S.A., COSCO Shipping International (Hong Kong) Company Limited, CMA CGM S.A., Hapag-Lloyd AG, Ocean Network

Express Pte. Ltd., Evergreen Marine Corporation, HMM Company Limited, Yang Ming Marine Transport Corporation, Zim Integrated Shipping Services Limited, among others

are the leading players operating in the global cargo shipping transportation market. Companies operating in the market are using organic strategies such as acquisitions,

partnerships and collaborations to boost their share in the global cargo shipping transportation market.

“Increasing investment in port infrastructure, various trade related agreements between countries and rising supply and demand cycle across the globe are boosting demand for

cargo shipping, globally. Moreover, technological advancements in the shipping industry and growing infrastructure development in the developing economies have also been

positively influencing the market. Continuance of such upward trend in the global export and import is expected to drive the global cargo shipping transportation market in the

coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

21

Sample Data - Snapshot

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00

2016 2020 2021E 2026F

By Value (USD Million)

By Volume (Million Tonnes)

Global Cargo Shipping Transportation Market Size, By Value (USD Million), By Volume (Million Tonnes), 2016–2026F

CAGR By Value & Volume

XX%CAGR By Value & Volume

YY%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Bulk Cargo Oil & gas and Liquid Cargo Container Cargo General Cargo Others

Europe Cargo Shipping Transportation Market Share, By Cargo Type, By Value, FY2016–FY2026F

20%20%20%20%20%20%20%20%20%20%20%

10%10%10%10%10%10%10%10%10%10%10%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

10%10%10%10%10%10%10%10%10%10%10%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Oil & Gas Ores Manufacturing Food Electrical and Electronics Others

Germany Cargo Shipping Transportation Market Share, By Industry, By Value, FY2016–FY2026F

22

Report Ordering

Report Name: GLOBAL CARGO SHIPPING TRANSPORTATION MARKET

FORECAST & OPPORTUNITIES

2016 – 2026

To View Sample OR Purchase Report

License Type Price

Single User License $4900

Multi-User License $5900

Custom Research License $8900

https://www.techsciresearch.com/report/cargo-shipping-transportation-market/7357.html

About Us And Disclaimer

TechSci Research is a Europe market research and consulting company with offices in the US, UK and UAE. TechSci Research provides market research reports in

number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

Related Reports

• India Elevators Market By Type of Carriage (Passenger, Freight and Others), By Type of Machinery (Traction and Hydraulic), By Type of

Elevator Door (Automatic and Manual), By Weight (Up to 350 kg, Up to 550 kg, Up to 750kg, Up to 1150 kg, More than 1150 kg), By End User

(Residential, Commercial, Industrial, Government Institution), By Region, By Company, Competition, Forecast & Opportunities, FY2027.

• Australia Escalators and Elevators Market By Type (Elevator, Escalator & Moving Walkways), By Service (Maintenance & Repair, New

Installation, Modernization), By Elevator Technology (Traction, Hydraulic and Machine Room-Less Traction ), By Type of Elevator Door

(Automatic & Manual), By End User (Residential, Commercial, Infrastructural, Institutional and Others), By Region, Competition, Forecast &

Opportunities, 2016-2026F.

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

TechSci Research – North America708 Third Avenue, Manhattan,

New York, UAETel: +1- 646- 360- 1656

Email: [email protected] www.techsciresearch.com

Disclaimer

TechSci Research – Europe54, Old brook, Bretton,

Peterborough, United Kingdom


TechSci Research – Asia-PacificB – 44, Sector – 57, Noida, National Capital

Region, U.P. - IndiaTel: +91-120-4523900
