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CARGO SHIPPING

Global Market Trajectory & Analytics

MCP10909

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  •  DATE

    JULY 2020

  •  TABLES

    210

  •  PAGES

    286

  •  EDITION

    9

  •  PRICE

    USD $5450

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Cargo Shipping estimated at 11.3 Billion Metric Tons in the year 2020, is projected to reach a revised size of 13.1 Billion Metric Tons by 2027, growing at a CAGR of 2.1% over the analysis period 2020-2027.General Cargo, one of the segments analyzed in the report, is projected to grow at a 2% CAGR to reach 6.4 Billion Metric Tons by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Container Cargo segment is readjusted to a revised 2.8% CAGR for the next 7-year period. This segment currently accounts for a 21% share of the global Cargo Shipping market.
The Cargo Shipping market in the U.S. is estimated at 3.1 Billion Metric Tons in the year 2020. The country currently accounts for a 27.07% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 2.5 Billion Metric Tons in the year 2027 trailing a CAGR of 4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.4% and 1.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR while Rest of European market (as defined in the study) will reach 2.5 Billion Metric Tons by the year 2027.
In the global Other Cargo Types segment, USA, Canada, Japan, China and Europe will drive the 1.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of 2.5 Billion Metric Tons in the year 2020 will reach a projected size of 2.8 Billion Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 1.8 Billion Metric Tons by the year 2027, while Latin America will expand at a 2.4% CAGR through the analysis period. We bring years of research experience to this 9th edition of our report. The 286-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, A.P. Moller-Maersk A/S; CEVA Logistics; China COSCO Holdings Company Limited; Cma Cgm S.A; Deutsche Bank AG; Deutsche Post DHL Group; Hapag-Lloyd AG; MSC Mediterranean Shipping Company S.A.; Nippon Express Co., Ltd.; Panalpina World Transport (Holding) Ltd.
» Cargo Type (General Cargo, Container Cargo, Other Cargo Types) » Industry Vertical (Food, Electrical/Electronics, Mineral Fuels & Oils, Manufacturing)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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