![]() ![]() ![]() These are slow as compared to other modes of transportation. However, there is one drawback to cargo shipping. The biggest advantage of cargo shipping is that it allows the transportation of the bulkiest goods which is not possible via roadways or airways. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.Ĭargo ships are the ships responsible for transporting goods and materials of all kinds from one destination to another. ![]() Manufacturing accounts for the largest end user segment in the respective market owing to the growing economy. Global Cargo Shipping Market was valued at USD 11.36 billion in 2021 and is expected to reach USD 16.43 billion by 2029, registering a CAGR of 4.72% during the forecast period of 2022-2029. A direct increase in commodity consumption has been seen with economic growth and development. Various type of storage, loading, unloading and securing require different types of ships for transportation. The rise in the number of cargo shipping is being witnessed around the world due to the trade liberalization and global economic growth. Global Cargo Shipping Market, By Type (Tramp Ships and Linear Ships), Cargo Type (Container Cargo, Bulk Cargo, General Cargo and Passenger), End User (Food and Beverages, Manufacturing, Oil and Gas, Metal Ores and Electrical and Electronics and Others) - Industry Trends and Forecast to 2029 ![]()
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