Worldwide Maritime Freight Transport Industry to 2026 – Asia Pacific is the Fastest Growing Market – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Maritime Freight Transport Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The global maritime freight transport segment is expected to exhibit a growth of about 4% during the forecast period.
- AP Moller (Maersk)
- Mediterranean Shipping Company S.A. (MSC)
- China Ocean Shipping (Group) Company (COSCO)
- ONE – Ocean Network Express
- Evergreen Line
- HMM Co. Ltd
- Yang Ming Marine Transport
- Wan Hai Lines
- PIL Pacific International Line
Key Market Trends
Containerization evolving as a Trend
According to UNCTAD (United Nations Conference on Trade and Development), international maritime trade is driven in particular by growth in containerized, dry bulk and gas cargos. However, uncertainties like the geopolitical tensions and global pandemic like COVID-19 remain an overriding theme in the current maritime transport environment, with risks tilted to the downside. The long-term trend towards the containerization of general cargo is upward rising.
A large share of globalized containerized trade continued to be carried across the major East-West containerized trade arteries, namely Asia-Europe, the Trans-Pacific and the Transatlantic. Containerized and dry bulk trades are expected to grow at a compound annual growth rate of 4.5% and 3.9%, respectively, over the forecasting period.
Asia Pacific – the Fastest Growing Market
The Asia Pacific region consists of some of the fastest-growing economies in the world like China and India. This growth in the maritime transportation sector is supported by the trade exchanges by these countries of which, the majority of international trade takes place via sea routes. The central role of Asia in global trade and shipping is also highlighted by trends in global container port-handling activities.
Asian countries are experiencing a large increase in intra-regional trade mostly based on manufacturing trades and reflecting fragmented production processes where parts are generally manufactured in multiple locations across Asia and assembled in another location. This is also expected to increase trade, supported by marine transportation. Demand growth originated mostly in Asia, bolstered by ongoing energy policy shifts and rising export capacity in Australia and the United States.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS AND INSIGHTS
4.1 Current Market Scenario
4.2 Market Dynamics
4.3 Value Chain/Supply Chain Analysis
4.4 Technological Advancements
4.5 Government Regulations and Key Initiatives
4.6 Insights of Transshipment Trade
4.7 Insights on Containerized and Non-Containerized Shipments
4.8 Freight rates and Maritime Transport Costs
4.9 Insights on Intermodal/Container Utilization
4.10 Demand-supply Analysis
4.11 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Type
5.2 By Geography
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
7 FUTURE OF GLOBAL MARINE FREIGHT TRANSPORT MARKET
For more information about this report visit https://www.researchandmarkets.com/r/hn4kdq
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