Cargo Shipping Market

Cargo Shipping Market to Gain Traction; Proliferation of Strategies Such as Collaboration by DHL Global Forwarding and A.P. Moller-Maersk Group Will Lead to Expansion, says Fortune Business Insights™

Cargo Shipping Market  | 2021 Automotive Industry Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2026 is latest study published by Fortune Business Insights. The Global Cargo Shipping Market expected to rise at a notable CAGR and reach USD remarkable a valuation of by 2028.Cargo Shipping Market Size, Share & Industry Analysis, By Cargo Type (Dry Cargo Container, Bulk, General, Hazardous, Petroleum), By End-Use Industry Type (Food, Manufacturing, Oil and Ores, Electrical and Electronics) Others and Regional Forecast, 2021-2028

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Major Cargo Shipping Studied In Report:

  • CMA-CGM SA
  • Mediterranean Shipping Company S.A.
  • DHL Global Forwarding
  • Nippon Express Co., Ltd.
  • Ceva Logistics
  • P. Moller-Maersk Group
  • Panalpina World Transport (Holding) Ltd.
  • China COSCO Holdings Company Limited
  • Deutsche Bahn AG
  • Hapag-Lloyd AG
  • Among the other players.

Global Cargo Shipping Market Highlights:

The global cargo shipping market size will expand owing to increasing government support and growing sea-borne trade between nations during the forecast period. This information is published by Fortune Business Insights, in its latest upcoming report, titled “Cargo Shipping Market Size, Share & Industry Analysis, By Cargo Type (Dry Cargo Container, Bulk, General, Hazardous, Petroleum), By End-Use Industry Type (Food, Manufacturing, Oil and Ores, Electrical and Electronics) Others and Regional Forecast, 2019-2026.”

The COVID-19 pandemic has had a seismic effect on several economies across the globe. To curb the pandemic spread, the governments of several countries have ordered complete lockdown of industrial and human activities. This is expected to have a significant impact on the market in 2020. However, proactive steps by the industry leaders to revive the automotive industry will bode well for the growth of the market in the near future.

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Regional Analysis:

Among the regions, Asia-Pacific will hold the major cargo shipping market share in the forthcoming years. This is ascribable to factors such as favorable government policies and increasing demand for cargo shipments. Furthermore, countries such as China and India that are major manufacturing hubs will contribute to the growth of the market in Asia-Pacific. Moreover, countries such as China being the biggest exporter of goods, will drive the growth of the market in this region during the forecast period. On the other hand, Europe is anticipated to be the second-most leading region for the market. This is attributable to factors such as increasing government initiatives to promote trade and growing global demand. Countries such as Netherland, the U.K., Sweden, Germany, and Italy will positively impact the growth of the market in Europe between 2019 and 2026.

Shipping is believed to be the backbone of several economies. Without shipping services, it would be difficult to transfer raw materials, food and life essentials to regions not connected by land. Growing efficiency of shipping as a transportation medium and increasing economic liberty across several economies is anticipated to drive the growth of the market during the projected horizon. Additionally, advancement in technologies has propelled the shipping trade to adopt swift methods for delivery of shipments.

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