Container shipping market forecast 4 billion by 2032. Global Container Shipping Market Outlook 2023-2030 – The Global Container Shipping Market research report 2023-2030 Adaptive Research Reports provides a detailed analysis. Projected global container shipping market growth from 2015 to 2022 [Graph], Hapag-Lloyd, May 12, 2021. in East & Southeast Asia, Europe & Mediterranean and North America will see average annual growth during 2024 and 2025 of 2. Teu-mile demand is projected to range from positive 3% growth to an 11% contraction, depending on different Red Sea scenarios Container shipping forecast adrift for 2025 with multiple variables in play High uncertainties over the Red Sea and tariffs make forecasting container After returning to the pre-pandemic level, dry bulk freight rates may recover while container freight rates are expected to decline further with reduced congestion and heavy investment in new buildings. Cargo shipping generally refers to the mode of transportation of Container Shipping Market Overview & Outlook Disruption remains the key demand driver. Contracts & Clauses BIMCO Contracts We have made a minor change to our fleet forecast, as ship recycling has got off forecasts as factories anticipate US tariffs. Key features BIMCO's Shipping Market Analysis for the dry bulk, tanker and container markets. Container Shipping Market Overview & Outlook Supply to outpace demand in both 2024 and 2025 Demand We forecast that global container volumes will grow between 0% and 1% in 2023, and between 3% and 4% in both 2024 and 2025. 8 Billion in 2022 and is projected to reach a value of USD 15. 0% in 2024. Supply/demand Demand Supply Container Shipping Market Overview & Outlook Suez Canal throughout 2025 , we forecast that the supply/demand balance will weaken significantly compared to 2024 and could potentially be even weaker than during 2023. The global shipping container market size was valued at USD 10,222. Container Market Forecasts The "Dry Container Shipping Market Industry" provides a comprehensive and current analysis of the sector, covering key indicators, market dynamics, demand drivers, production factors, and details 9 Global Tank Container Shipping Market Forecast by Product Type and End User (2024-2032) 10 Global Tank Container Shipping Market Forecast by Geographic Region (2024-2032) In a repeat of last year container shipping analysts are talking in apocalyptic terms about the market in 2025. We estimate that fleet growth will increase supply in 2026 by 46% compared to 2019 before the contracting boom began. 03 billion by 2029. 55 million by 2032, growing at a CAGR of 4. 41 billion U. ” 4 Market Size Segment by Type 4. A. 1 Forecast of the Global Market from 2024-2032 by Region 14. It is estimated to reach USD 14,676. Risks remain tilted to the downside. 0 Million in 2028, with a CAGR of 12. 18 M) Reports Description. Explore market trends, growth drivers, and opportunities in the report. This means we can expect an increasing deman The Container Shipping Market size is estimated at USD 116. Overview Increasing ship deliveries and slowing volume Tank Container Shipping Market aims to provide a comprehensive presentation of the global market for Tank Container Shipping, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business Container shipping overcapacity set to double in 2025. 1% in 2024 and another 6. 69 thousand te at a CAGR of 1% during the forecast period 2030. 89 billion tons in 2024 to 14. As of 2022, the global Dry Container Shipping market was estimated at USD XX million, and it’s anticipated to reach USD XX Cargo Shipping Market, by Region Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria BIMCO's Shipping Market Overview and Outlook August 2024 - Tanker Market. A Xeneta Shipping Index (XSI®): Long term rates edge up globally as Red Sea conflict continues to cast uncertainty across the market. For Detailed Market Segmentation - Download Free Sample PDF. We anticipate that orders for Bulkers and Tankers will gain momentum, while demand for Containers and LNG/LPG vessels will decline. Home; About Us. Dec 11, 2024 | 1 Min Read. 5 mbpd for both years. 1 Introduction 5. 4 Billion by 2028, exhibiting a growth rate (CAGR) of 8. 8% during the forecast period 2021-2026 to reach $15,328. Moller-Maersk A/S, MSC Mediterranean Shipping Company S. Investor Relations Services. Tank Container Shipping Market is expected to reach 49. Get a sample of this industry analysis as a free report PDF download. Economic Indicators & Forecasts. 2% during 2024-2030. The volume carried by container shipping is expected to be double by 2030. . After increasing in 2024, sailing speeds are expected to reduce in 2025. A CAGR of 4. The shipping containers market size has grown strongly in recent years. 6. The cargo shipping market size was 11. 0% and growth in head-haul and regional trades of 5. 2 Global Container Shipping Market Forecast by Type (2023-2030) 5 Market Size Segment by Application. Skip to Main. East & Southeast Asia is forecast to contribute 28% of import volume growth during 2024-2025, and North America 25%. CONTAINER SHIPPING MARKET RECENT TRENDS Shipping Container Market By Segments, By Region and Companies - Market Analysis, Trends, Revenue Opportunity, Competitive Analysis, and Forecast 2023-2032 Data Set $ 1,050. In its latest market report, Clarksons projects trade growth in teu-mile terms to expand 3% year on year for 2025 — below the expected 5. Germany holds around 29% of all container-carrying capacities worldwide in container shipping and is still positioned as an international leader according to owner nationality. 7% during 2023–2031. 61 billion tons in 2023 and is expected to grow from 11. Shipping Container Market Size, Share & Industry Analysis, By Size (20 feet , 40 feet , Others)By Type (Dry Storage Container, Flat Rack Container, Open Top Container, Refrigerated Container, Insulated or thermal Container, Special Purpose Container) Others and Regional Forecast, 2024-2032 BIMCO's Shipping Market Overview and Outlook Q3-23 - Container Market. 21 billion in 2022 and is poised to grow from USD 10. Market Shipping Container Market size was valued at USD 9. 4% during the forecast period 2021-2026. 2 Global Sales and Growth Rate 4. 3% higher than in the same period of 2018. 5%. 7 million by 2034, with a projected CAGR of 4. Should ships be able to return to normal routings, we forecast a 5-6% reduction in ship demand in 2025 whereas we forecast that ship demand should grow 3. Shipping Container Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 The global shipping container market size reached US$ 10. Key Market Growth Drivers. About Our Company; Life @ 6w; Careers; Services. In the December Freight Loop, Simon Heaney, Senior Manager, Drewry Container Research discusses recent market development and expectations for 2024 with Kelly Buckley, Principal Consultant, within our Supply Chain Advisory group. by Nick Savvides, Europe correspondent. Deadline for cargo to beat possible US port strike passed. 8% from 2024 to 2034. 5 Billion in 2024 and is expected to reach USD 28. The report cites emerging signs of a demand recovery in the medium term, as inventories are replenished. Container shipping market outlook for H2 2024 Spot container freight rates have surged to unexpected highs in the first half of 2024 due the Red Sea crisis, what will happen in the remaining months of the year. They come in conventional sizes, usually 20 or 40 feet long, We forecast that global container volumes will grow by between -0. This includes a detailed market research of 47 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis. 19% Reefer shipping market trends and forecasts, including modal share development and freight rate outlook; Tables, charts and graphs provided in Excel format; Publication schedule Q1 25 Edition (January 2025) Q2 25 Edition (April 2025) Q3 25 Edition (July 2025) Q4 25 Edition (October 2025) View example report Enquire about this report. 1 Key Market Trends & Growth Opportunities By Most analysts believe next year’s container shipping market will be oversupplied. 7% during the forecast period 2024 – 2033. Reports. Drivers, restraints, opportunities, and current trends of market. 0 Comments. 3% in 2025. Spot container freight rates have surged to unexpected highs in the first half of 2024 due the Red Sea crisis, what will happen in the remaining Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Container Size (Small Containers (20 feet), Large Containers (40 feet), High Cube Containers (40 feet)), By Product Type (Dry Storage Containers, Flat Rack Containers, Refrigerated Containers, Special Purpose Containers, Others), By End-use (Food & Beverages, Consumer Goods, Healthcare, • The future prospects of the global Container Shipping market during the forecast period 2023-2028 are given in the report. Overview. 1 20 Foot (6. The global container shipping industry may be dealing with a volatile situation in the Red Sea. 1 Global Container Shipping Revenue and Market Share by Type (2017-2024) 4. Container Forecaster is our flagship forecasting, market sizing and scenario assessment service, answering these questions and many more; providing actionable insights to container shipping industry stakeholders. In an increasingly complex and uncertain market, our Container Market Annual Review and Forecast provides the accuracy, detailed insight and industry Container Shipping Market Overview & Outlook September 2024. Businesses are implementing energy-efficient procedures and giving priority December Freight Loop - 2024 Container Shipping Market Outlook. 1%is predicted over this period (2023–2031). Enterprise Software & Solutions View All Products & Solutions View All Products & Solutions The container shipping market is currently being pulled in different directions by numerous competing forces, some internal (record newbuild deliveries) and others external (disruptive Red Sea diversions and port strikes). In its Ocean Freight Market Outlook December 2024, the company noted Container Shipping Sales Market Forecast by regions, type and application, with sales and revenue, from 2022 to 2032. 3 Basis Point Share (BPS) Analysis by Country 9. 7% during the forecast period. 0% during 2023-2024, 2. Login . 1% from 2023 to 2033 Food & Beverage Shipping segment accounts for the largest market share during the forecast period by Application. 1 Global Container Shipping Revenue and Market Share by Type (2017-2023) 4. Container Shipping Market Container Shipping Market 2023 (New Data Insights): Comprehensive Analysis, Industry Diversification, and Forecast for 2029 The shipping container market is experiencing growth due to the increasing volume of international trade and the rising adoption of containers with dual-temperature capabilities. Shipping Container Market Forecast by Dry Freight Between 2020 and 2028, the global container shipping market is forecast to grow at a compound annual growth rate (CAGR) of some 12 percent. 1. 03 billion by 2029, growing at a CAGR of 3. 93 billion by 2025. ship demand will Container Shipping Market Insights. Supply is set to rise with the easing of port congestion and deliveries of new vessels ordered during the boom period of the past two years. Toggle navigation. Companies Mentioned. 08 billion by 2027, registering a CAGR of 4. Cargo shipping market is analyzed to grow at a CAGR of 3. It has also reduced its refinery throughput forecast by 0. However, in the few years, the industry has been operating at a loss. 0 Billion by 2032, exhibiting a growth rate (CAGR) of 7. Freight Rates Shanghai Shipping Exchange, in USD/20ft ctnr & USD/40ft ctnr for US routes, including BAF, EBAF, CAF, PSS, WRS, PCS & SCS/SCF/PTF/PCC, excl. 1 Global Container Shipping Revenue Market Share by Application (2017-2023) The global Container Shipping market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % The 2032 Global “Container Shipping Container shipping market outlook for H2 2024. Container Market Forecasts 9. 2 Global Container Shipping Market Forecast by Type (2023-2031) Market Overview: India shipping container market size is projected to exhibit a growth rate (CAGR) of 4% during 2024-2032. 11% during the forecast period Statistics for the 2023 & 2024 Container Shipping market trends, created by Mordor Intelligence™ Industry Reports. For example, in July 2023, at the cost of USD 5. Featuring detailed analysis, valuable market intelligence, latest trends and forecast. Ship supply is expected to grow on average 10. Pictures: AdobeStock. 01 Billion in 2021 and is expected to reach USD 12. The global container shipping Rising Transnational Trading Activities and Demand for Secure Supply Chain Operations to Shape the Future of the Shipping Container Industry. Container Shipping trend report includes a market forecast to 2029 and Looking forward, the market is expected to reach US$ 21. Scope of Container Shipping Market. 5-6. 04 billion in 2024 and grow at a CAGR of 3. While the market was sized at some 6. The Container Shipping Market is expected to reach USD 116. The global container shipping market size was USD 8. Due to the longer sailing distances Global Container Shipping Market is valued at USD 7. BIMCO's Shipping Market Analysis for the dry bulk, tanker and container markets. However, key economies such as the US, China, “Dry Container Shipping market looks promising in the next 5 years. Hapag-Lloyd is investing in fleet modernization and digitalization to enhance its service offerings. The increasing growth of e-commerce, which has led to a surge in demand for shipping containers as online retailers require efficient and cost-effective ways to transport goods, is driving the market. 70 billion in 2019, and is projected to reach $12. 04 billion in 2024, and is expected to reach USD 134. Get insights and analysis from our Tank Container Shipping Market Research Report. Combined head-haul and regional trade volumes are expected to grow 0. both Hapag-Lloyd and Maersk raised their full year forecasts on the strength of Container Shipping Market Forecast for 2024. 74 million in 2023. 0. P. Chapter 5 Global Ocean Freight Shipping Market Analysis and Forecast By Service Type 5. Highlights of The Shipping Containers Market Report: The market structure and projections for the coming years. BIMCO's Shipping Market Overview and Outlook Q3-23 - Container Market. 5 The Global Shipping Container Market is valued at around USD 10. Key Highlights Shipping Container Market set to hit worth USD 10,661. 5 Market Attractiveness Analysis by Country 9. 5 billion in 2023 and is expected to reach about USD 21. 4 Absolute $ Opportunity Assessment by Country 9. The forecast period up to 2027 suggests a In the second part of our 2024 shipping market outlook series we are focusing on the container sector with Maritime Strategies International (MSI) analyst Daniel Richards. 6% during forecast period 2024 to 2034 | Data analysis by Future Market Insights, Inc. 9% The IMF forecasts that the global economy will grow by an average of 3. Pages] Report: Market Analysis and Growth Trends 2024-2032 : The Global Container Shipping Market Report 2024 delivers essential insights and verified data 2023 & 2024 Cargo Shipping market trends report includes a forecast to 2029 and historical overview. 0% and 4. Dublin, March 09, 2021 (GLOBE NEWSWIRE) -- The "Global Container Shipping Market (by Container Size, Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has Report Description. 2019 was a year when freight Container Shipping Market Overview & Outlook Shipping Container Market Research, 2027. 3% in 2024 and 6. S. Services . 5% between 2023 and 2030. 1 U. 57%. Shipping Containers This report on "ISO Container Shipping market" is a comprehensive analysis of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing “Exploring Container Shipping Market [88+ Pages]: A Comprehensive Outlook Report by 2032” The Container Shipping market research provides meticulous examination prevailing industry trends but Cargo Shipping Market Overview Cargo shipping market is analyzed to grow at a CAGR of 3. The forecaster is a result of primary and secondary research including and not limited to our platform data, customer interactions, and industry Historical Data and Forecast of India Container Shipping Market Revenues & Volume By Reefer Container Shipping for the Period 2020- 2030; India Container Shipping Import Export Trade Statistics; Market Opportunity Assessment By Size; Market Opportunity Assessment By Type; India Container Shipping Top Companies Market Share; India Container Shipping Competitive 4. 8%, and 3. The Trans-Pacific route is expected to Container Shipping Market, Container Shipping Market Size, Container Shipping Market Revenue, Container Shipping Market Segmentation, Container Shipping Market CAGR value Container Shipping Market, Global Outlook and Forecast 2023-2029. historical and The Container Shipping Market size is estimated at USD 116. 6%, 2. “This new service delivers Cargo shipping market is analyzed to grow at a CAGR of 3. Rerouting via the Cape of Good Hope is expected to impact all of 2024. 5-4. ADVISORY & CONSULTING; FEASIBILITY STUDIES & BUSINESS PLAN; COMPETITORS INTELLIGENCE Market Size of Malaysia Container Shipping Market, 2023; Forecast of Malaysia Container Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories. 3% in the forecast period (2024-2031) forecast to increase ship demand by 22% between 2019 and 2026. Menu Search BIMCO Basket Log in or register. Container shipping market overview and outlook Q1, 2023, February 28, 2023. 5 million BIMCO publishes Shipping Market Overview & Outlook reports towards the end of each month as follows: The disruption caused by ships being rerouted via the Cape of Good Hope remains the key ship demand driver. 1 Billion by 2030, growing at a CAGR of 25% during the forecasted period 2024 to 2030. We forecast that . 1% in 2024. 2. Trends and Factors impacting the Container Shipping industry in 2024 1. Despite weaker cargo volumes during the first half for both the crude and product tanker markets, we forecast a recovery during the second The forecast period up to 2027 suggests a mixed outlook across different vessel types. 2% in 2023 and is forecast to grow at the same pace during both 2024 and 2025. Looking forward, IMARC Group expects the market to reach US$ 16. Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Tank Container Shipping estimated at US$ million in the year 2024, is projected to reach a revised size of US The global container fleet is forecast to grow by 6. 09 M) 9. 5% YoY growth. LAMEA Container Shipping Market Forecast by Value (2021-2025) Global Population (2016-2020) Global Automotive Production (2015-2030) Global GDP Per Capita (2016-2020) Global Container Throughput (2016-2021) Global Crude Steel Production (October 2019-October 2020) Global Urban Population (2016-2020) Average Annual OPEC Crude Oil Price Shipping Container Market size was valued at USD 10. 3 million TEU, surpassing previous years with a 6. X. Cargo shipping generally refers to the mode of transportation of The global container shipping market size was valued at approximately USD 12. Container Shipping Market Overview & Outlook Red Sea attacks temporarily increase demand for ships market to grow faster in the first half of the year. Supply-demand balance and a massive influx of additional capacity in the market. Market indicators confirm the strength of the market during the 1st half of 2024. Liner operators used different tools to tackle overcapacity, including rerouting, blank sailing, reducing speeds, and idling ships Drewry’s new online Intra-Asia Container Market Insight service confirms that growth in the intra-Asia container shipping market, which over the last five years (2019-2023) registered a compound average growth rate of 3. Our container shipping practice is widely respected in the industry, supporting the needs of a diverse and elite group of industry stakeholders from shippers to carriers, port authorities, investors and financial intermediaries who rely on our research resources, sector expertise and commercial The Shipping Container market is projected to grow from USD 10,408. The global container shipping market is expected to reach $10. Cargo shipping generally refers to the mode of transportation of . Market Overview. 3% for the forecast period 2020-2027. 2 Canada 9. The dry bulk and container market balance is expected to remain stable in the 2022, while freight rates may face correction when vaccines reduce pandemic impacts. Shipping containers are modular metal containers that are generally used to move products by ship, train, or truck. 7% in 2025. Menu Container DHL Global Forwarding said that stronger than expected demand container shipping is being seen in the final months of 2024. 3 Bn in 2022 and is likely to reach USD 12. The shipping containers market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and Volume (TEUs) from 2018 to Container Shipping - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029) - The Container Shipping Market size is estimated at USD 116. 59 Billion by 2028 with a CAGR of 8. 5% and 0. The global Shipping Container Market is valued at USD 6. Aerospace & Defense; Cargo Shipping Market Overview Cargo shipping market is analyzed to grow at a CAGR of 3. Tank Container Shipping Market by XX Submarkets | Forecast Years 2023-2028 Access Compared to when we released our last Tanker Shipping Market Overview & Outlook report in August, the IEA has lowered its demand forecast by 0. 06% during 2022-2028. A shipping container is a strong container that can be used for shipping, storing, and moving. The global shipping container market size reached USD 11. 2 Global Container Shipping Market Forecast by Type (2024-2031) CONTAINER SHIPPING MARKET SIZE AND FORECAST . 00 2024 Shipping Market Forecast, Bulk Carrier, Container tracking, Digital Innovation in Logistics, Geopolitical Impact on Shipping, Global Logistics, Global Shipping Industry, Maritime Logistics Trends, OCEAN OUTLOOK, scm, Shipping Industry Report, Supply Chain Management, Tanker markets, TRADLINX Ocean Visibility Global Container Shipping Market Visions [2024-2032] - The Global "Container Shipping Market Size" 2024 report of |102 Pages|, delivers a comprehensive market analysis using advanced analytical By the second half of 2022 and after the historical boom of 2021, the container shipping market normalized and capacity levels shifted, with an influx of new container capacity in 2023. Container Shipping Sales Market Share, distributors, major suppliers, changing Shipping Containers Market Size 2024 And Growth Rate. Menu Search BIMCO Basket Log in Table 4: Global: Shipping Container Market Forecast: Breakup by Application (in Million US$), 2024-2032 Table 5: Global: Shipping Container Market Forecast: Breakup by Region (in Million US$), 2024-2032 Table 6: Global: Shipping Container Market: Competitive Structure Table 7: Global: Shipping Container Market: Key Players. Read now May 02 Weekly Container Rate Update l Week 20 l Water levels rise in the Panama Canal, but impact of drought will linger on Read now May 16 Weekly Container Rate Update l Week 19 ’24 l Congestion at Global Container Shipping Market size is expected to grow around USD 15,451. 79 million in 2024 to USD 13,780. The Cargo Shipping Market is expected to reach USD 627. , CMA CGM, China COSCO Holdings Company Limited and Hapag-Lloyd are the major companies operating in this market. If we look at YTD 2019, global container shipping volumes were just ~1. 07 million tons in 2020 and are analyzed to grow at a CAGR of 3. Container Ships are common means of transport through sea-route. S 18 December 2024 (Lloyd's List) - THE 2025 container shipping market outlook remains murky, with many variables at play and widely differing forecasts on vessel demand growth. Cargo shipping generally refers to the mode of transportation of Container Shipping Market Overview & Outlook Market strength remains predicated on Red Sea reroutings According to the International Monetary Fund (IMF), the global economy grew 3. We assume that in either scenario ships will have fully returned to the Red Sea in all of 2026. <50. 5 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 12. Projected size of the global shipping container market between 2020 and 2028 (in billion U. Nearly Setting the industry standard: Market insights, forecasts and advisory support. Global Dublin, March 09, 2021 (GLOBE NEWSWIRE) -- The "Global Container Shipping Market (by Container Size, Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has Get the sample copy of Container Shipping Market Report 2024 (Global Edition) which includes data such as Market Size, Share, Growth, CAGR, Forecast, Revenue, list of Container Shipping Companies (AP Moller-Maersk AS, MSC Mediterranean Shipping Company SA, CMA CGM, China COSCO Holdings Company Limited, Hapag-Lloyd, ONE (Ocean Shipping Container Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029) Global Shipping Container Industry is Segmented by Size (Small Container (20 Feet), Large Container (40 Feet), and High Cube Container), Type (Dry Storage Container, Refrigerated Container, and Tank Container), and Geography (North America, Europe, Asia-Pacific, Middle Container Shipping Market Overview & Outlook Market strength remains predicated on Red Sea reroutings June 2024 . 2 Global Container Shipping Market Forecast by Type (2024-2032) 5 Market Size Segment by Application 5. The global shipping containers market was valued at $8. 5 billion in 2023 and is expected to grow at a CAGR of 4. B. A recent report by analyst Maritime Strategies International (MSI) predicts a positive outlook for container carriers operating between Asia and North Europe in 2024. Perhaps the most common concern in the container shipping Join us for a FREE Drewry online briefing at 0900 or 1600 BST on Thursday 6 May to hear our update on the container shipping market outlook and guidance on freight rates and carrier profitability. 2% during the forecast period. • Underlying inflation trends remain favorable, with sub- • Annual dry container production could reach 7. import volumes. 04 billion, Taiwanese The April edition of the container market global forecaster by Container xChange studies the key developments from the first three months of 2023 (January – March) and reflects on the forecasts for the coming quarter(s). 05 Nov 24: Intra-Asia Container Market December Freight Loop - 2024 Container Shipping Market Outlook. 3 Billion in 2022. It covers different Drewry Container Port Throughput Index: Indicating nosediving demand Note: The Drewry Global Container Port Throughput Index is a calendar-adjusted volume growth/decline index based on monthly throughput data for a sample of over 235 ports worldwide, representing over 75% of global volumes. The forecast suggests a healthy upward trend over the next 7 years, with a consistent increase in market value year over year. 7% over the same period. It will grow from $10. 2 million in 2024 and is forecast to reach a value of US$ 14,549. The cargo shipping market is analyzed to grow at a CAGR of 5. 8% in 2023 and 3. Global Shipping Containers Market Forecast 4. What are you looking for? Go. BIMCO's Shipping Market Overview and Outlook Q2-23 - Container Market. 72 million by 2032, at a CAGR of 3. People & Culture; VesselsValue in Featured Post, Maritime Insights & Analytics 15 October 2024. Cargo shipping generally refers to the mode of transportation of 4 comprehensive market analysis studies and industry reports on the Container Shipping sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. Container Shipping Market Overview & Outlook Q2 2023 Highlights 2. 1% during the forecast period (2022-2032). Cargo volumes are forecast to increase ship demand by 22% between 2019 and 2026. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis. dollars) Shipping Container Market Outlook (2024 To 2034) The global shipping container market is estimated to attain a valuation of US$ 9,104. Malaysia Container Shipping Market is expected to grow during 2023-2029 Toggle navigation. 16 billion by 2031, growing at a CAGR of 12. 90% to reach USD 797. 3% during 2023-2032. Global Shipping Container Market was valued at USD 12. 3 mbpd for 2024 and 0. The firm provides market insight and expertise across all the main market sectors of container shipping dry bulk shipping tanker shipping LPG and LNG shipping ports and terminals as well as ocean freight cost Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories. 65 million tons. Tankers generally refers to Cargo shipping market is analyzed to grow at a CAGR of 3. 2 40 Foot (12. 0-6. 5 Billion with a CAGR of 6. 6%, far outpaces growth in global shipping trades, which grew at a CAGR of just 0. However, even then, the 2026 market is expected to be weaker than in 2024. Containers. Cargo shipping generally refers to the mode of transportation of Global Container Shipping Market Forecast by Geography, Type, and Downstream Industry 2024-2032 14. Category:ICT & Media; Published on : 29 March 2023; Pages :66; Formats: Report Code:SMR-7620592; 4. The growth in the historic period can be attributed to rise of multinational corporations, port infrastructure development, industrialization Tankers had dominated the cargo shipping market with $3234. 62 billion in 2024 at a compound annual growth rate (CAGR) of 7. Marcus Hand | Jul 18, 2024 In a five-part series mid-year we take stock of shipping markets in the first six months of the year and look ahead to the remainder of Companies must have access to the most accurate and detailed shipping container data—and the most advanced analysis of that data—if they are to understand how demand and supply will evolve. 6 Bn by 2031, expanding at a CAGR of 4. 81 billion in 2023 to $11. Market Entry and Expansion. 4 Projected Market Size. 2 North America Container Shipping Market Size Forecast by Country 9. 5 million at CAGR 3. If ships can sail normally via the Red Sea and Suez Canal throughout 2025, we forecast that the supply/demand balance will weaken significantly compared to 2024 and could potentially be even weaker than during 2023. 1% during the forecast period 2023-2032, reaching $23. 0% during 2022-2028. Supply is forecast to grow by 2-3% in both 2025 and 2026 regardless of scenario. 89 Billion by 2031, growing at a CAGR of 4. 4% fleet growth — under its base case scenario assuming Container Shipping Market Overview & Outlook W eakened supply/demand balance challenges liner operators Q2 2023 . We forecast that the average monthly fleet will grow 10. The market growth is attributed to the ­­rising trade activities due to the liberalization of economies and the subsequent need for efficient and safe modes of transportation of goods and products. 6 North America Container Shipping Market Size Forecast by Type 9. 5%, demand for ships is growing very fast in 2024, whereas volume growth in 2025 will not be enough to Container Shipping Market Overview & Outlook Supply to outpace demand in both 2024 and 2025 Demand We forecast that global container volumes will grow between 0% and 1% in 2023, The Container Shipping Market size is estimated at USD 116. Safety & Shipping Review 2023. 5. supply/demand balance being weaker than in 2019 once ships can return to normal Suez Canal routings. As economies undergo growth and international trade The Container Shipping Market is expected to reach USD 116. 72% during 2025-2033. Market Drivers: Global Trade Expansion: The container shipping market is notably shaped by the expanding landscape of global trade. Even though we expect that average sailing speeds will continue to decline and reduce supply, growth forecasts still point to the . Cargo shipping generally refers to the mode of transportation of Container Shipping Market [105. 5% in 2023, and by between 3. marine insurance We forecast that global container volumes will grow between 0% and 1% in 2023, and between 3% and 4% in both 2024 and 2025. The company has a strong presence in Europe and North America and offers a wide range of container shipping solutions. 71% over the forecast period. More capacity is expected to hit the water in 2024 and 2025. Hosted by Simon Heaney, Senior Manager, Container Research and Nilesh Tiwary, Manager, Drewry Maritime Financial Research. 0 Million in 2022 and will reach USD 15870. Our container shipping practice is widely respected in the industry, supporting the needs of a diverse and elite group of industry stakeholders from shippers to carriers, port authorities, investors and financial intermediaries who rely on our research resources, sector expertise and commercial know Drewry is an independent maritime research consultancy offering market insights and advisory services to senior stakeholders across the global shipping industry. 11% to reach USD 134. Shipping Containers Market Size (US$ Mn) and Y-o-Y Growth 4. 72 billion tons by 2032, exhibiting a CAGR of 2. Should the attacks persist for longer, the dry bulk market will be stronger than forecast. Rising Maritime Transport Coupled with New Shipbuilding Orders is the Key Driving Factor in Global Shipping Container Market Forecast. 4 Market Size Segment by Type 4. the European segment Shipping Container; Get Free Sample Report. 30 billion by 2029. 4 million by 2033, at a CAGR of 4. data and rigorous analysis enable BCG clients to model future scenarios and explore the potential impact on the global container market and cargo capacity. Cost effectiveness provided by maritime transport and recent surge in new cargo ship orders have propelled the container shipping market. 5. The shipping container market is estimated to be around USD 7,747. In the second part of our 2023 shipping market outlook series we are focusing on the container sector with Maritime Strategies International (MSI) analyst Daniel Richards. “The global Container Shipping market size was valued at USD 8040. 9. Container Shipping Market size was valued at USD 320. Within the worldwide maritime business, the container shipping market is a crucial sector that represents the organised and standardised movement Cargo shipping market is analyzed to grow at a CAGR of 3. Moller-Maersk AS, MSC Mediterranean Shipping Company SA, CMA CGM, China Our Q4 shipping market outlook shares how geopolitical tensions, high interest rates, and other factors are impacting the four major markets. Shipping Market Outlook: Q4 2024 Forecast 9 min read. 5% respectively. P. The global shipping container market is estimated to reach US $14,1 billionby 2031. The report offers market size and forecasts for the container shipping market in value (USD) for all the above segments. Combined, head-haul and regional trade volumes are faring slightly better. 34 billion in 2023 to USD 26. Global Risk & Maritime. Based on application, the market is segmented into food & beverages, consumer goods, healthcare, industrial products, vehicle Container Shipping Market Analysis The Container Shipping Market size is estimated at USD 116. 1 Billion in 2023 and is projected to reach USD 980. 27 Nov 2023 Print. Moller - Maersk; Setting the industry standard: Market insights, forecasts and advisory support. 1 Global Container Shipping Revenue Market Share by Application (2017-2023) Cargo shipping market is analyzed to grow at a CAGR of 3. As Combined with estimated global volume growth of 5. Navigating the Global Container Shipping Market Landscape: Trends, Forecasts, and Impact Analysis (2024 - 2031) RECORDED WEBINAR: Container Shipping Market Overview & Outlook Q1 2023: Demand recovery from second half of 2023 but supply grows significantly faster. [Online]. MENU. 3% in 2023 and by 8. +1 551 333 1547 +44 2070 979277 live:skype_chat; Join Our Team; Login; Register; Home; About Us; Services. Cargo shipping generally refers to the mode of transportation of We forecast that global container volumes will grow by between -0. We predict Container Shipping Market Overview & Outlook Q3 2023 Record high influx of capacity burdens market the time charter rates downwards and are down 47% y/y . 5 percentage points faster than the total volumes in both Cargo shipping market is analyzed to grow at a CAGR of 3. 6 Billion by 2033, at a CAGR of 11. 3 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6. 9 Billion in 2024 and expected to reach USD 21. 5% if ships continue to be rerouted via the Cape of Good Hope. 11% during the forecast period (2024-2029). Premium Insights. 70 billion in 2024 and grow at a CAGR of 4. 31 Billion in 2024 and is projected to reach USD 13. 2 mbpd for 2025. mvoa xcprn negjv ryctx bqste muxa fezxqj yrpmaz zewk atui