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Cargo Shipping Market to Witness an Annual Growth Rate of 3.45% from 2017 to 2023

Jun 13, 2017 (M2 PRESSWIRE via COMTEX) --

Global Cargo Shipping Market by Cargo Type (Container Cargo, Bulk Cargo, General Cargo), by Industry (Food, Manufacturing, Oil & Ores, Electrical & Electronics), by Region (Asia-Pacific, North America, Europe, Row) - Forecast to 2023

Market Highlights

Global Cargo Shipping Market is expected to grow around 3.45% CAGR during the period 2017 to 2023.

In recent years, cargo shipping market has advanced rather productively. While, increasing number of countries forging of free trade agreements like ASEAN Free Trade Area (AFTA), Trans-Pacific Strategic Economic Partnership (TPSEP) and North American Free Trade Agreement (NAFTA) will boost the growth of cargo shipping market further. In addition, the market is gaining momentum with initiatives such as the One Belt, One Road, as well as the expanded Panama Canal and Suez Canal are expected to positively affect the seaborne trade by generating business opportunities.

Key Players:

The key players of the Global Cargo Shipping Market are A.P. Moller-Maersk Group (Denmark), Mediterranean Shipping Company S.A. (Switzerland), Panalpina World Transport (Holding) Ltd. (Switzerland), CMA-CGM SA (France), DHL Global Forwarding (Germany), China COSCO Holdings Company Limited (China), Nippon Express Co., Ltd. (Japan), Deutsche Bahn AG (Germany), Hapag-Lloyd AG (Germany) and Panalpina Welttransport Holding AG (Switzerland).

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Market Research Analysis

Asia-Pacific region is expected to dominate the Cargo Shipping Market with the highest CAGR, owing to developing economies such as China and India. In addition, factors such as market demand, developments in port infrastructure and strong government support have boosted the growth of the market in the region and have enabled to achieve largest market share.

North America is anticipated to grow at a promising CAGR during the forecast period due to the presence of Canada and Mexico, which are export oriented economies.

Scope of the Report:

This study provides an overview of the Global Cargo Shipping Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

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The scope of the study segments the Global Cargo Shipping Market by its cargo Type, Industry and Region.

*By Cargo Type

*Container Cargo *Bulk Cargo *General Cargo

*By Industry

*Food *Manufacturing *Oil & Ores *Electrical & Electronics

*By Region

*Asia Pacific *North America *Europe *Rest of World

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Media Contact

Company Name: Market Research Future

Contact Person: Akash Anand

Email: akash.anand@marketresearchfuture.com

Phone: +1 646 845 9312

Address:Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India

City: Pune

State: Maharashtra

Country: India

Website: https://www.marketresearchfuture.com/reports/cargo-shipping-market-3165

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