Global Dry Bulk Shipping Market Growth (Status and Outlook) 2023-2029

Global Dry Bulk Shipping Market Growth (Status and Outlook) 2023-2029

A bulk carrier is a seagoing vessel that is specially designed to transport unpackaged bulk cargo such as grains, coal, ore, and cement in its cargo holds. A dry bulk shipping company such as Golden Ocean Group simply owns a fleet of these ships that it then uses to transport bulk cargo for a customer in exchange for money. As these shipping firms effect the transport of large quantities of these goods across the oceans and between different companies, they are critical to international trade.

LPI (LP Information)' newest research report, the “Dry Bulk Shipping Industry Forecast” looks at past sales and reviews total world Dry Bulk Shipping sales in 2022, providing a comprehensive analysis by region and market sector of projected Dry Bulk Shipping sales for 2023 through 2029. With Dry Bulk Shipping sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Dry Bulk Shipping industry.

This Insight Report provides a comprehensive analysis of the global Dry Bulk Shipping landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Dry Bulk Shipping portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Dry Bulk Shipping market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Dry Bulk Shipping and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Dry Bulk Shipping.

The global Dry Bulk Shipping market size is projected to grow from US$ 4122.1 million in 2022 to US$ 4979.1 million in 2029; it is expected to grow at a CAGR of 2.7% from 2023 to 2029.

The dry bulk shipping industry appears to be quite strong, with slowly increasing global trade volumes.

Time charter rates were broadly lower in the first quarter 2018 compared to the fourth quarter 2017 but this does not appear to be due to lower shipping volume.

The number of Capesize ships in the global fleet is expected to steadily increase over the next few years.

This report presents a comprehensive overview, market shares, and growth opportunities of Dry Bulk Shipping market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Time Charter
Voyage

Segmentation by application
Iron Ore
Coal
Grain
Steel Products
Lumber or Log
Other Commodities

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Diana Shipping
Dry Ships, Inc.
Genco Shipping & Trading Ltd
Baltic Trading
Navios Maritime Holdings
Star Bulk Carriers

Please note: The report will take approximately 2 business days to prepare and deliver.