Cargo Shipping Market by Cargo Type (Liquid Bulk, Dry Bulk, General Cargo, Container Cargo), by Industry Type (Food & Beverages, Manufacturing, Oil, Gas & Ores, Electrical & Electronics), by By Geography (North America), by Europe (U.K., Germany, France, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Rest Of Asia Pacific) Forecast 2024-2032
The global cargo shipping market is projected to reach USD 1,750.3 billion by 2028, exhibiting a CAGR of 3.5% from 2023 to 2028.Cargo shipping, also known as freight transport, is a method of transportation that involves the use of ships for the movement of goods and commodities. They are central to international business, providing support for the flow of goods and services ranging from raw materials to completed products and many more in between. Some of the benefits of cargo shipping include the following: the technique has a higher capacity for moving consignments from one region to another in large quantities. It is cheaper than other modes of transport, especially because transporting large or heavy goods through other means may be very costly. Also, it is flexible because cargo ships have the ability to navigate through ports of demand, making them well connected to global markets. There are multifaceted benefits to cargo shipping. It made it possible for goods to be transported while still avoiding bad weather and all other vices that might be a danger to the goods.
Cargo Type:
Industry Type:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.5% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.5% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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