Global Marine Freight - Market Summary, Competitive Analysis and Forecast to 2025
Global Marine Freight - Market Summary, Competitive Analysis and Forecast to 2025Summary
Global Marine Freight industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). 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 is defined as consisting of revenues generated from freight transportation by ship of container (only LoLo) and dry bulk cargo, by sea- and ocean-going vessels. The sector includes both domestic and international freight, which for the purposes of this report is counted in the country of origin. The values are calculated by multiplying the average price of the goods per ton of volume of cargo transported. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.
- The global marine freight industry had total revenues of $582.6bn in 2020, representing a compound annual growth rate (CAGR) of 6% between 2016 and 2020.
- The Containerized segment was the industry's most lucrative in 2020, with total revenues of $398.5bn, equivalent to 68.4% of the industry's overall value.
- Looking forward to 2021, pent up demand for consumer goods could contribute to a boom in activity in the global marine freight sector. However, this may be unsustainable in the long-term, contributing to volatility within the sector.
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 global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the globalmarine freight market
- 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 Global marine freight market with five year forecasts
Reasons to Buy
- What was the size of the Global marine freight market by value in 2020?
- What will be the size of the Global marine freight market in 2025?
- What factors are affecting the strength of competition in the Global marine freight market?
- How has the market performed over the last five years?
- What are the main segments that make up the global's marine freight market?
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