Cargo Shipping Market By Cargo Type (Container Cargo, Bulk Cargo and General Cargo), By End-User (Food Industry, Oil & Gas, Metal Ores, and Electrical & Electronics), and Geography

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Cargo Shipping Market size was valued at USD 11.26 billion in 2023,and poised to grow  at a CAGR of 4.6% during the forecast period 2024-2030. Cargo means the items or supplies transported by a ship, aeroplane, or vehicle. Transporting commodities from a port to a destination via ships, cargo ships, and other vehicles is known as cargo shipping. The main benefit of cargo shipping is that it makes it possible to transport heavy items that cannot be transported by land or air. Cargo shipping does have one problem, though. Compared to other forms of transportation, these are slow. Cranes and other similar equipment are typically included on cargo ships in order to load and unload the cargo. The least expensive form of transportation is shipping, per tonne. Due to its affordable and effective long-distance transportation with reduced environmental contamination, it is favoured. The impact of COVID-19 on the world has been extraordinary and astounding, with the pandemic causing a negative demand shock in every region. The demand for waterborne freight transportation is on the rise due to the increased import and export of manufactured goods, bulk transit of raw materials, and the availability of low-cost food.

The trade of manufactured and intermediate goods has been boosted by the expansion of the global supply chain, the liberalisation of trade rules, and technological advancements in waterborne shipping, which have greatly decreased the costs of coordination and transportation. Thus, the expansion of the cargo shipping business is due to growing economic liberalisation, particularly in developing economies, and the improved efficiency of shipping as a medium of transportation. The pandemic also had a big effect on oil and gas trade since it caused the global oil demand to decline due to the disruption of a substantial portion of the world's economy, travel and transportation bans, and decreases in industrial production and refinery output. The majority of analysts are, nevertheless, upbeat about the rebound in dry bulk shipping volumes in 2021. Rapid urbanisation, industrialisation, and economic expansion are the main causes of this issue. A significant growth engine for the global shipping sector will be the steady advancement and greater investment in transportation and other infrastructure, both of which require significant amounts of steel and other industrial materials and goods. As a result of these capacity restrictions, major carriers have avoided charging low costs for cargo/freight shipping services. The major container ports have less activity as a result of the decreased demand for these shipping services.

Cargo Shipping Market Recent Developments:
  • In September 2020, the CMA CGM Group sent one of its biggest container ships, the CMA CGM BRAZIL, to the U.S. East Coast to work on the once-weekly Columbus JAX route.
  • In May 2021 - To maintain service continuity and streamline impacted operations, MSC is collaborating with blockchain platform WAVE to expand general use of its (charges connected to loading of products) in India.

Cargo Shipping Market Summary

Study Period

2024-30

Base Year

2023

CAGR

4.6%

Largest Market

Asia Pacific

Fastest Growing Market

Europe
Cargo Shipping Market Dynamics

A growing number of carriers are collaborating with startups in the shipping sector that concentrate on gathering data on cargo movements and vessels, which can, among other things, enable efficient cargo routing and improved vessel deployment. Startups like Transmetrics, for instance, concentrate on analysing cargo placement data to precisely forecast cargo volumes that can assist carriers in avoiding empty back-haul journeys. As a result, more income from the cargo shipping business is anticipated from the capacity optimization of deployed boats. A significant portion of the volume of cargo shipped globally uses the Trans-Pacific shipping route. However, imports from China have increased in price as a result of trade disputes, particularly between China and the United States. Therefore, carriers have drastically reduced capacity, particularly on the Trans-Pacific route, as they anticipate a decline in demand and volume. Additionally, certain industries have seen uncertain investment plans and rising input costs. They were forced to move production facilities out of China and into places like South-East Asia and Eastern Europe. As a result, the market's expansion is likely to be constrained by rising trade tensions.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Cargo Shipping Market Segmentation

By Cargo Type
  • Container cargo
  • Bulk cargo
  • General cargo
By End User
  • Food industry
  • Oil & gas
  • Metal ores
  • Electrical & electronics
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

In September 2020, the CMA CGM Group sent one of its biggest container ships, the CMA CGM BRAZIL, to the U.S. East Coast to work on the once-weekly Columbus JAX route.

The cargo shipping market size is poised to grow at a significant CAGR of 4.6% over 2024–2030.

The cargo shipping market is valued at USD xx billion in 2023.

The container cargo segment holds the highest market share.

1.Executive Summary
2.Global Cargo Shipping Market Introduction 
2.1.Global Cargo Shipping Market  - Taxonomy
2.2.Global Cargo Shipping Market  - Definitions
2.2.1.Cargo Type
2.2.2.End User
2.2.3.Geography
2.2.4.Region
3.Global Cargo Shipping Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Cargo Shipping Market Analysis, 2019-2023 and Forecast 2024-2030
4.1.  Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Cargo Shipping Market  By Cargo Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
5.1. Container cargo
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Bulk cargo
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. General cargo
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Cargo Shipping Market  By End User, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
6.1. Food industry
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Oil & gas
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Metal ores
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Electrical & electronics
6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Cargo Shipping Market  By Geography, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. The Asia Pacific
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Latin America
7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. MEA
7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.Global Cargo Shipping Market  By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Cargo Shipping Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
9.1. Cargo Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Container cargo
9.1.2.Bulk cargo
9.1.3.General cargo
9.2.  End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Food industry
9.2.2.Oil & gas
9.2.3.Metal ores
9.2.4.Electrical & electronics
9.3.  Geography Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.North America
9.3.2.Europe
9.3.3.The Asia Pacific
9.3.4.Latin America
9.3.5.MEA
9.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Cargo Shipping Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
10.1. Cargo Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Container cargo
10.1.2.Bulk cargo
10.1.3.General cargo
10.2.  End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Food industry
10.2.2.Oil & gas
10.2.3.Metal ores
10.2.4.Electrical & electronics
10.3.  Geography Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.North America
10.3.2.Europe
10.3.3.The Asia Pacific
10.3.4.Latin America
10.3.5.MEA
10.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
10.4.7.
11.Asia Pacific (APAC) Cargo Shipping Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
11.1. Cargo Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Container cargo
11.1.2.Bulk cargo
11.1.3.General cargo
11.2.  End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Food industry
11.2.2.Oil & gas
11.2.3.Metal ores
11.2.4.Electrical & electronics
11.3.  Geography Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.North America
11.3.2.Europe
11.3.3.The Asia Pacific
11.3.4.Latin America
11.3.5.MEA
11.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Cargo Shipping Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
12.1. Cargo Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Container cargo
12.1.2.Bulk cargo
12.1.3.General cargo
12.2.  End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Food industry
12.2.2.Oil & gas
12.2.3.Metal ores
12.2.4.Electrical & electronics
12.3.  Geography Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.North America
12.3.2.Europe
12.3.3.The Asia Pacific
12.3.4.Latin America
12.3.5.MEA
12.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Cargo Shipping Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
13.1. Cargo Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Container cargo
13.1.2.Bulk cargo
13.1.3.General cargo
13.2.  End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Food industry
13.2.2.Oil & gas
13.2.3.Metal ores
13.2.4.Electrical & electronics
13.3.  Geography Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.North America
13.3.2.Europe
13.3.3.The Asia Pacific
13.3.4.Latin America
13.3.5.MEA
13.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.CMA-CGM SA
14.2.2.Hapag-Lloyd AG
14.2.3.Deutsche Bahn AG.
14.2.4.Moller-Maersk Group
14.2.5.Ceva Logistics
14.2.6.Mediterranean Shipping Company S.A
14.2.7.Panalpina World Transport (Holding) Ltd.
14.2.8.DHL Global Forwarding
14.2.9.China COSCO Holdings Company Limited
14.2.10.Nippon Express Co., Ltd
15. Research Methodology 
16. Appendix and Abbreviations 
  • CMA-CGM SA
  • Hapag-Lloyd AG
  • Deutsche Bahn AG.
  • Moller-Maersk Group
  • Ceva Logistics
  • Mediterranean Shipping Company S.A
  • Panalpina World Transport (Holding) Ltd.
  • DHL Global Forwarding
  • China COSCO Holdings Company Limited
  • Nippon Express Co., Ltd