Market Overview:
The global maritime freight transport market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for maritime freight transport services due to the globalization of trade and rising economic development in emerging countries. In terms of type, the general cargo segment is expected to dominate the market during the forecast period, owing to its high volume and wide range of applications. By application, short-distance transportation is projected to be the fastest-growing segment during the forecast period, owing to increased trade activities between countries and rising demand for last-mile delivery services.
Product Definition:
Maritime freight transport is the transportation of goods and materials by sea. It is a vital part of global trade, and accounts for the majority of international trade in goods. Maritime freight transport is also essential for supplying energy and other resources to coastal areas.
General:
The global General Cargo Shipments market size was valued at USD 4,700 billion in 2016. It is expected to grow at a CAGR of XX% over the forecast period. Factors such as globalization, rapid industrialization & urbanization and growing international trade are anticipated to drive the growth of this industry over the forecast period. The emergence of new economies and trade blocks such as China-EU, China-ASEAN and India-EU along with existing ones like U.
Reefer:
Reefer is a closed transport container used to store temperature-sensitive products such as fruits, vegetables, fish, meat and pharmaceuticals. The reefer can be used for the transportation of goods by road (sea or air), rail or water. It offers high insulation properties which help in protecting the temperature-sensitive products from external harsh conditions. Reefers are built with strong steel walls and have excellent thermal insulation providing an efficient thermal barrier inside the box.
Application Insights:
The long-distance segment dominated the market in 2017, accounting for over 70.0% share of the overall revenue. The growth can be attributed to an increase in cross-border trade and growing demand for cost-effective modes of transport that reduce delivery time across the globe. General cargo ships are used for transporting various cargoes including raw materials, manufactured products, foodstuffs and other general commodities across seas and oceans.
Increasing use of dry bulk carriers is expected to drive their demand over the forecast period owing to advantages such as low operating costs, reduced fuel consumption due to improved hull design along with increased revenues from freight rates charged by liner companies on a per nautical mile basis. Moreover, increasing utilization of these vessels as roll on/roll off ferries is likely to propel their demand further during future years.
Regional Analysis:
Asia Pacific regional market accounted for the largest share of over 40% in 2017. The region is expected to maintain its lead by 2030 owing to the presence of a large number of ports and growing trade activities across various countries including China, India, Thailand, Singapore and Vietnam. Moreover, increasing investments in port infrastructure are also anticipated to boost maritime freight transport over the forecast period. For instance, In July 2018; Chinese government announced plans for developing five new deep-sea ports with a total investment injection worth USD X billion by 2020.
Europe is projected to be one of the fastest-growing regions during the forecast period due to rising trade activities between Asia Pacific and Europe especially between China and European countries such as Germany., U.K., France etc.
Growth Factors:
- Increasing globalization and trade: The maritime freight transport market is expected to grow as the global economy expands. With an increase in international trade, there will be a corresponding need for more efficient and reliable maritime freight transport services.
- Rising demand for containerized cargo: A large portion of the maritime freight transport market is currently comprised of containerized cargo. As global economies continue to develop, there is expected to be an increased demand for containerized cargo, which will drive growth in the maritime freight transport market.
- Advances in shipping technology: Shipping technology continues to evolve, making it possible to move goods more efficiently and effectively than ever before. This technological progress is likely to contribute significantly to growth in the maritime freight transport market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Maritime Freight Transport Market Research Report
By Type
General, Reefer, Non-Containerized
By Application
Short-distance, Long-distance
By Companies
AP Moller (Maersk), Mediterranean Shipping Company S.A. (MSC), CMA-CGM, China Ocean Shipping (Group) Company (COSCO), Hapag-Lloyd, ONE - Ocean Network Express, Evergreen Line, HMM Co. Ltd, Yang Ming Marine Transport, Zim, Wan Hai Lines, PIL Pacific International Line*
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Maritime Freight Transport Market Report Segments:
The global Maritime Freight Transport market is segmented on the basis of:
Types
General, Reefer, Non-Containerized
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
Short-distance, Long-distance
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:
- AP Moller (Maersk)
- Mediterranean Shipping Company S.A. (MSC)
- CMA-CGM
- China Ocean Shipping (Group) Company (COSCO)
- Hapag-Lloyd
- ONE - Ocean Network Express
- Evergreen Line
- HMM Co. Ltd
- Yang Ming Marine Transport
- Zim
- Wan Hai Lines
- PIL Pacific International Line*
Highlights of The Maritime Freight Transport 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:
- General
- Reefer
- Non-Containerized
- By Application:
- Short-distance
- Long-distance
- 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 Maritime Freight Transport 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Maritime freight transport is the transportation of goods by sea.
Some of the major players in the maritime freight transport market are AP Moller (Maersk), Mediterranean Shipping Company S.A. (MSC), CMA-CGM, China Ocean Shipping (Group) Company (COSCO), Hapag-Lloyd, ONE - Ocean Network Express, Evergreen Line, HMM Co. Ltd, Yang Ming Marine Transport, Zim, Wan Hai Lines, PIL Pacific International Line*.
The maritime freight transport market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Maritime Freight Transport 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 Maritime Freight Transport Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Maritime Freight Transport 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 Maritime Freight Transport 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 Maritime Freight Transport Market Size & Forecast, 2020-2028
4.5.1 Maritime Freight Transport Market Size and Y-o-Y Growth
4.5.2 Maritime Freight Transport Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 General
5.2.2 Reefer
5.2.3 Non-Containerized
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Short-distance
6.2.2 Long-distance
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Maritime Freight Transport 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 Maritime Freight Transport 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 General
9.6.2 Reefer
9.6.3 Non-Containerized
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 Market Size Forecast by Applications
9.10.1 Short-distance
9.10.2 Long-distance
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 General
10.6.2 Reefer
10.6.3 Non-Containerized
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 Market Size Forecast by Applications
10.10.1 Short-distance
10.10.2 Long-distance
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 General
11.6.2 Reefer
11.6.3 Non-Containerized
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 Market Size Forecast by Applications
11.10.1 Short-distance
11.10.2 Long-distance
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 General
12.6.2 Reefer
12.6.3 Non-Containerized
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 Market Size Forecast by Applications
12.10.1 Short-distance
12.10.2 Long-distance
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 General
13.6.2 Reefer
13.6.3 Non-Containerized
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) Market Size Forecast by Applications
13.10.1 Short-distance
13.10.2 Long-distance
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 Maritime Freight Transport Market: Competitive Dashboard
14.2 Global Maritime Freight Transport Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AP Moller (Maersk)
14.3.2 Mediterranean Shipping Company S.A. (MSC)
14.3.3 CMA-CGM
14.3.4 China Ocean Shipping (Group) Company (COSCO)
14.3.5 Hapag-Lloyd
14.3.6 ONE - Ocean Network Express
14.3.7 Evergreen Line
14.3.8 HMM Co. Ltd
14.3.9 Yang Ming Marine Transport
14.3.10 Zim
14.3.11 Wan Hai Lines
14.3.12 PIL Pacific International Line*
