Marine Freight in the United Kingdom

Marine Freight in the United Kingdom

Summary

Marine Freight in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The marine freight sector includes revenues generated from the transportation of containers (only LoLo) and dry bulk cargo by sea and ocean-going vessels. The sector encompasses domestic and international freight, which, for the purposes of this report, is counted in the country of origin.
• The UK marine freight industry recorded revenues of $34.2 billion in 2023, representing a compound annual growth rate (CAGR) of 0.7% between 2018 and 2023.
• The containerized segment accounted for the industry's largest proportion in 2023, with total revenues of $30.0 billion, equivalent to 87.8% of the industry's overall value.
• Increasing total merchandise exports and imports is a significant driver for the marine freight industry. Higher trade volumes necessitate a more extensive and efficient shipping network to handle the increased flow of cargo between countries. According to the World Trade Organization (WTO), in 2023, UK merchandise exports grew by 7.5%, while imports rose by 9.5% from the previous year, reflecting a substantial expansion in international trade.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the marine freight market in the United Kingdom
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the marine freight market in the United Kingdom
• Leading company profiles reveal details of key marine freight market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom marine freight market with five year forecasts

Reasons to Buy

• What was the size of the United Kingdom marine freight market by value in 2023?
• What will be the size of the United Kingdom marine freight market in 2028?
• What factors are affecting the strength of competition in the United Kingdom marine freight market?
• How has the market performed over the last five years?
• What are the main segments that make up the United Kingdom's marine freight market?