Learn details of the Trend Share Opportunities and Forecast to 2025. The development in the international trade flow and recent economic environment have largely impacted the cargo shipping market in a positive aspect.
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The development in the international trade flow and recent economic environment have largely impacted the cargo shipping market in a positive aspect. Further, increasing intra-regional trade in the emerging economies has propelled the growth of the market.
Moreover, increasing number of regions that forge free trade agreements are anticipated to boost the cargo shipping industry. The global cargo shipping market is expected to grow at a CAGR of around 4% from 2017 to 2025.
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The global cargo shipping market is segmented on the basis of cargo type, industry vertical, and geography. Container, general, and bulk cargo are the cargo types in the cargo shipping market.
The industry verticals analyzed in the study are oil & ores, food & manufacturing, and electrical & electronics. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA, followed by country-level analysis.
Global economic growth
Cost effectiveness by 3PL services
Shortage of skilled manpower
Lack of infrastructure
The top players in the global cargo shipping market include Mediterranean Shipping Company SA, China Cosco Holdings Company Limited, A.P. Moller-Maersk Group, DHL Global Forwarding, CMA-CGM SA, Panalpina World Transport (Holding) Ltd, Nippon Express Co.
Ltd, Hapag-Lloyd AG, Ceva Logistics, and Deutsche Bahn AG.
By Cargo Type
o Container cargo
o General cargo
o Bulk cargo
By Industry Vertical
o Oil & ores (petrol, diesel, and iron ore)
o Food & manufacturing (fruits, drinks, solids, and manufactured raw materials)
o Electrical & electronics
- North America
o Rest Of Europe
o South Korea
o Saudi Arabia
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