Global Dry Bulk Shipping Market 2024-2028
The dry bulk shipping market is forecasted to grow by USD 3.64 bn during 2023-2028, accelerating at a CAGR of 4.09% during the forecast period. The report on the dry bulk shipping market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising global seaborne trade, increase in iron ore and coal transportation, and growing focus on infrastructure development.
Technavio's dry bulk shipping market is segmented as below:
By Product
- Capesize
- Panama
- Supramax
- Handysize
By Type
- Iron ore
- Coal
- Grains
- Bauxite
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increasing use of container security and tracking solutions as one of the prime reasons driving the dry bulk shipping market growth during the next few years. Also, growing use of digital technologies in shipping industry and growing focus on environmental sustainability will lead to sizable demand in the market.
The report on the dry bulk shipping market covers the following areas:
- Dry bulk shipping market sizing
- Dry bulk shipping market forecast
- Dry bulk shipping market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading dry bulk shipping market vendors that include AP Moller Maersk AS, Cargill Inc., COSCO Shipping International Co. Ltd., Diana Shipping Inc., Eagle Bulk Shipping Inc., Egon Oldendorff Management GmbH, Gearbulk Management Switzerland AG, Genco Shipping and Trading Ltd., Golden Ocean Group Ltd., Grindrod Shipping Holdings Ltd., Hapag Lloyd AG, HMM Europe Ltd., John Swire and Sons Ltd., Kawasaki Kisen Kaisha Ltd., Mitsui O.S.K. Lines Ltd., Nippon Yusen Kabushiki Kaisha, Pacific Basin Shipping Ltd., Pan Ocean Co. Ltd., Precious Shipping Public Co. Ltd., and Star Bulk Carriers Corp.. Also, the dry bulk shipping market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.