Market Overview:
The global dry bulk shipping market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commodities such as iron ore, coal, grain, steel products and lumber or logs across the globe. In addition, the growth in maritime trade is also contributing to the growth of this market. Asia Pacific is expected to be one of the fastest-growing regions in this market during the forecast period owing to rising economic development and growing population in countries such as China and India.
Product Definition:
Dry bulk shipping is the transportation of commodities like coal, iron ore, and grains in large sacks or containers. The importance of dry bulk shipping comes from the fact that these goods are not perishable and can be transported over long distances without any damage.
Time Charter:
Time charter is a type of freight contract wherein the shipper (the person or company leasing the vessel) has no obligations to transport goods. The charterer (the party hiring the vessel) must provide transportation and all other services necessary for loading, unloading, navigation and insurance.
Voyage:
Voyage is a cost-effective bulk transport solution that helps in moving commodities from one place to another without the need for loading and unloading. It reduces the overall transportation cost by eliminating intermediate handling facilities such as port of loading/discharge, storage, and port of destination.
It also helps in reducing risks associated with traditional transportation methods due to its ability to carry a large quantity at once with less or no damage.
Application Insights:
The dry bulk shipping market is segmented on the basis of application into iron ore, coal, grain, steel products, lumber or log and other commodities. The iron ore segment accounted for a share of over 40% in 2017 and is expected to witness significant growth during the forecast period. The growing demand for steel from emerging economies such as China India and Brazil coupled with increasing production in developed countries such as Australia Germany and North America will drive the industry over the next few years.
Coal was one of the major commodities shipped via dry bulk services accounting for around 15% share in 2017 owing to its usage as an energy source across various end-use industries worldwide. Growing demand from Asia Pacific region due to rapid industrialization along with population expansion is anticipated to boost coal imports within next two decades which will subsequently increase its share within Dry Bulk Shippers portfolio.
Regional Analysis:
Asia Pacific dominated the global dry bulk shipping market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing trade activities across various economies including China, India, Japan and South Korea. Increasing industrialization and rapid urbanization are also driving the regional market growth. Furthermore, rising investments in port infrastructure development by governments of countries such as China and India are anticipated to boost trade activities across these economies which will further drive industry expansion over the next eight years.
Europe was estimated as a major regional segment for global dry bulk shipping market due to presence of major ports including Rotterdam, Antwerp Belgium; Zeebrugge Belgium; Dunkerque France; Gdansk Poland; Port Said Egypt among others that handle majority of commodities including coal, iron ore etcetera on a regular basis thereby generating high demand for vessels with capacity less than 20 thousand DWT.
Growth Factors:
- Increasing demand for dry bulk commodities from the developing countries in Asia and Africa.
- Rising consumption of steel, cement, and other construction materials in the emerging markets.
- Growing use of dry bulk shipping for transportation of coal to meet the increasing energy needs worldwide.
- Proliferation of new vessels and expansion of existing fleets by ship owners to cater to the rising demand for maritime transport services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Dry Bulk Shipping Market Research Report
By Type
Time Charter, Voyage
By Application
Iron Ore, Coal, Grain, Steel Products, Lumber or Log, Other Commodities
By Companies
Diana Shipping, Dry Ships, Inc., Genco Shipping & Trading Ltd, Baltic Trading, Navios Maritime Holdings, Star Bulk Carriers
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Dry Bulk Shipping Market Report Segments:
The global Dry Bulk Shipping market is segmented on the basis of:
Types
Time Charter, Voyage
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Iron Ore, Coal, Grain, Steel Products, Lumber or Log, Other Commodities
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Diana Shipping
- Dry Ships, Inc.
- Genco Shipping & Trading Ltd
- Baltic Trading
- Navios Maritime Holdings
- Star Bulk Carriers
Highlights of The Dry Bulk Shipping Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Time Charter
- Voyage
- By Application:
- Iron Ore
- Coal
- Grain
- Steel Products
- Lumber or Log
- Other Commodities
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dry Bulk Shipping Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Dry bulk shipping is a type of shipping where goods are transported in large, empty containers that are not loaded with cargo. The containers are moved by sea or inland waterways to their final destination.
Some of the key players operating in the dry bulk shipping market are Diana Shipping, Dry Ships, Inc., Genco Shipping & Trading Ltd, Baltic Trading, Navios Maritime Holdings, Star Bulk Carriers.
The dry bulk shipping market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dry Bulk Shipping Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Dry Bulk Shipping Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Dry Bulk Shipping Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Dry Bulk Shipping Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Dry Bulk Shipping Market Size & Forecast, 2018-2028
4.5.1 Dry Bulk Shipping Market Size and Y-o-Y Growth
4.5.2 Dry Bulk Shipping Market Absolute $ Opportunity
Chapter 5 Global Dry Bulk Shipping Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Dry Bulk Shipping Market Size Forecast by Type
5.2.1 Time Charter
5.2.2 Voyage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Dry Bulk Shipping Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Dry Bulk Shipping Market Size Forecast by Applications
6.2.1 Iron Ore
6.2.2 Coal
6.2.3 Grain
6.2.4 Steel Products
6.2.5 Lumber or Log
6.2.6 Other Commodities
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dry Bulk Shipping Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Dry Bulk Shipping Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Dry Bulk Shipping Analysis and Forecast
9.1 Introduction
9.2 North America Dry Bulk Shipping Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Dry Bulk Shipping Market Size Forecast by Type
9.6.1 Time Charter
9.6.2 Voyage
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Dry Bulk Shipping Market Size Forecast by Applications
9.10.1 Iron Ore
9.10.2 Coal
9.10.3 Grain
9.10.4 Steel Products
9.10.5 Lumber or Log
9.10.6 Other Commodities
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Dry Bulk Shipping Analysis and Forecast
10.1 Introduction
10.2 Europe Dry Bulk Shipping Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Dry Bulk Shipping Market Size Forecast by Type
10.6.1 Time Charter
10.6.2 Voyage
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Dry Bulk Shipping Market Size Forecast by Applications
10.10.1 Iron Ore
10.10.2 Coal
10.10.3 Grain
10.10.4 Steel Products
10.10.5 Lumber or Log
10.10.6 Other Commodities
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Dry Bulk Shipping Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Dry Bulk Shipping Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Dry Bulk Shipping Market Size Forecast by Type
11.6.1 Time Charter
11.6.2 Voyage
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Dry Bulk Shipping Market Size Forecast by Applications
11.10.1 Iron Ore
11.10.2 Coal
11.10.3 Grain
11.10.4 Steel Products
11.10.5 Lumber or Log
11.10.6 Other Commodities
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Dry Bulk Shipping Analysis and Forecast
12.1 Introduction
12.2 Latin America Dry Bulk Shipping Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Dry Bulk Shipping Market Size Forecast by Type
12.6.1 Time Charter
12.6.2 Voyage
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Dry Bulk Shipping Market Size Forecast by Applications
12.10.1 Iron Ore
12.10.2 Coal
12.10.3 Grain
12.10.4 Steel Products
12.10.5 Lumber or Log
12.10.6 Other Commodities
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Dry Bulk Shipping Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Dry Bulk Shipping Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Dry Bulk Shipping Market Size Forecast by Type
13.6.1 Time Charter
13.6.2 Voyage
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Dry Bulk Shipping Market Size Forecast by Applications
13.10.1 Iron Ore
13.10.2 Coal
13.10.3 Grain
13.10.4 Steel Products
13.10.5 Lumber or Log
13.10.6 Other Commodities
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Dry Bulk Shipping Market: Competitive Dashboard
14.2 Global Dry Bulk Shipping Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Diana Shipping
14.3.2 Dry Ships, Inc.
14.3.3 Genco Shipping & Trading Ltd
14.3.4 Baltic Trading
14.3.5 Navios Maritime Holdings
14.3.6 Star Bulk Carriers
