Dry Bulk Shipping Market size is set to grow by USD 3,304.17 million from 2022 to 2027; The rising seaborne trade across the world boosts the market growth - Technavio

NEW YORK, June 1, 2023 /PRNewswire/ -- The global dry bulk shipping market size is estimated to grow by USD 3,304.17 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 3.87%. Also, the growth momentum will progress during the forecast period. APAC is estimated to account for 56% of the global market growth during the forecast period. Large amounts of raw materials are required due to the large populations of China and India. As the need for dry goods in these countries is high, it stimulates the need for dry containers. Furthermore, the development of inter- and intra-Asian trade is spurring the growth of container shipping in the region. Moreover, various Asian countries are liberalizing trade barriers to facilitate trade opportunities between Asia. Hence, such trading opportunities are expected to influence container demand from various end-users around the world. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Dry Bulk Shipping Market - Segmentation Assessment Segment Overview
Technavio has segmented the market based on type (iron ore, coal, grains, bauxite, and others), vessel orientation (Capesize, Panama, Supramax, and Handysize), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

• The market share growth by the iron ore segment will be significant during the forecast period. Iron ore is a mineral mined and processed into iron that is used to make steel. It is typically transported from mines to steel mills by rail or conveyor belt and loaded onto bulk carriers for shipment to various countries. The demand for iron ore transportation is driven by the global steel industry, which uses iron ore to produce steel. The largest iron ore producers are Australia, Brazil, and China, accounting for a significant portion of the world's iron ore production. They are also major exporters of iron ore, with iron ore shipments contributing significantly to the demand for dry bulk shipping services. Hence, such factors drive segment growth during the forecast period.

Insights on the market contribution of various segments, including country and region wise, historic market data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Dry Bulk Shipping Market – Market Dynamics
Key factors driving market growth

• The rising seaborne trade across the world notably drives the dry bulk shipping market growth. 
• Compared to barges and other shipping vessels, cargo through seaways can be transported in dry containers with minimal damage.
• Seaborne trade plays a key role in economic growth in various countries. And distant suppliers have made it necessary for delivering goods through seaways.
• Some of the goods transported through container ships in bulk include coal, grains, and ores. Growth in seaborne trade is expected to drive the demand for ships, which, in turn, creates the need for marine electronics. 
• Major emerging economies such as China and India have become crucial sources of manufacturing goods and commodities. 
• Hence, such factors drive the market growth of dry bulk shipping during the forecast period.

Leading trends influencing the market 

• The increasing use of container and security solutions is an emerging trend driving market growth during the forecast period.
• There is a growth in safety concerns among end-user industries in the global market following a rise in piracy and armed robbery incidents.
• Containers installed with a GPS tracking system are easily tracked.
• Hence, factors such as growing safety and security concerns, the increasing need to optimize logistics management systems to improve digital connectivity, and the growing global use of the Internet of Things (IoT) are expected to drive the growth of the market during the forecast period. 

Major challenges hindering the market growth

• One of the key challenges for the dry bulk shipping market growth is the volatile prices of steel pipes. 
• Steel extracted from iron ore is a key raw material for manufacturing dry carriers and is considered to be the second-highest price-fluctuating commodity after oil, which will negatively affect the profit margins of shipping container manufacturers.
• Thus, the prices of steel need to be moderate and stable for healthy financial operations of shipping container manufacturers.
• Hence, the volatility of steel prices is estimated to have a negative impact on the dry bulk shipping market during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period (2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Dry Bulk Shipping Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the dry bulk shipping market between 2023 and 2027
• Precise estimation of the size of the dry bulk shipping market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the dry bulk shipping market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of dry bulk shipping market vendors

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The shipping container market size should rise by 22.29 million TEU from 2021 to 2026 at a CAGR of 8.78%. The report extensively covers market segmentation by type (dry containers, reefer containers, tank containers, and special containers) and geography (APAC, North America, Europe, South America, and MEA). The growing global shipping container liners traffic is notably driving the market growth.

The tanker shipping market size is expected to increase by 164.10 million tons from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.59%. The report extensively covers tanker shipping market segmentation by tanker type (oil tankers and liquid gas tankers) and geography (APAC, Europe, MEA, North America, and South America). The growth in the global oil and gas logistics market is notably driving the tanker shipping market growth.

Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Vessel Orientation
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global dry bulk shipping market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global dry bulk shipping market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Vessel Orientation Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Vessel Orientation Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Iron ore - Market size and forecast 2022-2027
• Exhibit 34: Chart on Iron ore - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Iron ore - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Iron ore - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Iron ore - Year-over-year growth 2022-2027 (%)

• 6.4 Coal - Market size and forecast 2022-2027
• Exhibit 38: Chart on Coal - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Coal - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Coal - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Coal - Year-over-year growth 2022-2027 (%)

• 6.5 Grains - Market size and forecast 2022-2027
• Exhibit 42: Chart on Grains - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Grains - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Grains - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Grains - Year-over-year growth 2022-2027 (%)

• 6.6 Bauxite - Market size and forecast 2022-2027
• Exhibit 46: Chart on Bauxite - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Bauxite - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Bauxite - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Bauxite - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Type 
• Exhibit 54: Market opportunity by Type ($ million)
• Exhibit 55: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Vessel Orientation

• 7.1 Market segments 
• Exhibit 56: Chart on Market Segmentation by Vessel Orientation - Market share 2022-2027 (%)
• Exhibit 57: Data Table on Market Segmentation by Vessel Orientation - Market share 2022-2027 (%)

• 7.2 Comparison by Market Segmentation by Vessel Orientation 
• Exhibit 58: Chart on Comparison by Market Segmentation by Vessel Orientation
• Exhibit 59: Data Table on Comparison by Market Segmentation by Vessel Orientation

• 7.3 Capesize - Market size and forecast 2022-2027
• Exhibit 60: Chart on Capesize - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Capesize - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Capesize - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Capesize - Year-over-year growth 2022-2027 (%)

• 7.4 Panama - Market size and forecast 2022-2027
• Exhibit 64: Chart on Panama - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Panama - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Panama - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Panama - Year-over-year growth 2022-2027 (%)

• 7.5 Supramax - Market size and forecast 2022-2027
• Exhibit 68: Chart on Supramax - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Data Table on Supramax - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Chart on Supramax - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Supramax - Year-over-year growth 2022-2027 (%)

• 7.6 Handysize - Market size and forecast 2022-2027
• Exhibit 72: Chart on Handysize - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Data Table on Handysize - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Chart on Handysize - Year-over-year growth 2022-2027 (%)
• Exhibit 75: Data Table on Handysize - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Market Segmentation by Vessel Orientation 
• Exhibit 76: Market opportunity by Market Segmentation by Vessel Orientation ($ million)
• Exhibit 77: Data Table on Market opportunity by Market Segmentation by Vessel Orientation ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 79: Chart on Market share by geography 2022-2027 (%)
• Exhibit 80: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 81: Chart on Geographic comparison
• Exhibit 82: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 91: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027
• Exhibit 115: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 116: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Denmark - Market size and forecast 2022-2027
• Exhibit 119: Chart on Denmark - Market size and forecast 2022-2027 ($ million)
• Exhibit 120: Data Table on Denmark - Market size and forecast 2022-2027 ($ million)
• Exhibit 121: Chart on Denmark - Year-over-year growth 2022-2027 (%)
• Exhibit 122: Data Table on Denmark - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 123: Market opportunity by geography ($ million)
• Exhibit 124: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 125: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 126: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 127: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 128: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 129: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 130: Matrix on vendor position and classification

• 12.3 Belships ASA 
• Exhibit 131: Belships ASA - Overview
• Exhibit 132: Belships ASA - Business segments
• Exhibit 133: Belships ASA - Key offerings
• Exhibit 134: Belships ASA - Segment focus

• 12.4 Bulk Marine 
• Exhibit 135: Bulk Marine - Overview
• Exhibit 136: Bulk Marine - Product / Service
• Exhibit 137: Bulk Marine - Key offerings

• 12.5 Dampskibsselskabet Norden AS 
• Exhibit 138: Dampskibsselskabet Norden AS - Overview
• Exhibit 139: Dampskibsselskabet Norden AS - Business segments
• Exhibit 140: Dampskibsselskabet Norden AS - Key offerings
• Exhibit 141: Dampskibsselskabet Norden AS - Segment focus

• 12.6 Diana Shipping Inc. 
• Exhibit 142: Diana Shipping Inc. - Overview
• Exhibit 143: Diana Shipping Inc. - Product / Service
• Exhibit 144: Diana Shipping Inc. - Key offerings

• 12.7 Eagle Bulk Shipping Inc. 
• Exhibit 145: Eagle Bulk Shipping Inc. - Overview
• Exhibit 146: Eagle Bulk Shipping Inc. - Product / Service
• Exhibit 147: Eagle Bulk Shipping Inc. - Key offerings

• 12.8 Egon Oldendorff Management GmbH 
• Exhibit 148: Egon Oldendorff Management GmbH - Overview
• Exhibit 149: Egon Oldendorff Management GmbH - Product / Service
• Exhibit 150: Egon Oldendorff Management GmbH - Key offerings

• 12.9 Genco Shipping and Trading Ltd. 
• Exhibit 151: Genco Shipping and Trading Ltd. - Overview
• Exhibit 152: Genco Shipping and Trading Ltd. - Product / Service
• Exhibit 153: Genco Shipping and Trading Ltd. - Key offerings

• 12.10 Golden Ocean Group Ltd. 
• Exhibit 154: Golden Ocean Group Ltd. - Overview
• Exhibit 155: Golden Ocean Group Ltd. - Product / Service
• Exhibit 156: Golden Ocean Group Ltd. - Key offerings

• 12.11 Masterbulk NV 
• Exhibit 157: Masterbulk NV - Overview
• Exhibit 158: Masterbulk NV - Product / Service
• Exhibit 159: Masterbulk NV - Key offerings

• 12.12 Mitsui and Co. Ltd. 
• Exhibit 160: Mitsui and Co. Ltd. - Overview
• Exhibit 161: Mitsui and Co. Ltd. - Business segments
• Exhibit 162: Mitsui and Co. Ltd. - Key offerings
• Exhibit 163: Mitsui and Co. Ltd. - Segment focus

• 12.13 Naviera Ultranav Ltda. 
• Exhibit 164: Naviera Ultranav Ltda. - Overview
• Exhibit 165: Naviera Ultranav Ltda. - Product / Service
• Exhibit 166: Naviera Ultranav Ltda. - Key offerings

• 12.14 Nippon Yusen Kabushiki Kaisha 
• Exhibit 167: Nippon Yusen Kabushiki Kaisha - Overview
• Exhibit 168: Nippon Yusen Kabushiki Kaisha - Business segments
• Exhibit 169: Nippon Yusen Kabushiki Kaisha - Key offerings
• Exhibit 170: Nippon Yusen Kabushiki Kaisha - Segment focus

• 12.15 Pacific Basin Shipping Ltd. 
• Exhibit 171: Pacific Basin Shipping Ltd. - Overview
• Exhibit 172: Pacific Basin Shipping Ltd. - Product / Service
• Exhibit 173: Pacific Basin Shipping Ltd. - Key offerings

• 12.16 Star Bulk Carriers Corp. 
• Exhibit 174: Star Bulk Carriers Corp. - Overview
• Exhibit 175: Star Bulk Carriers Corp. - Product / Service
• Exhibit 176: Star Bulk Carriers Corp. - Key offerings

• 12.17 Western Bulk Management AS 
• Exhibit 177: Western Bulk Management AS - Overview
• Exhibit 178: Western Bulk Management AS - Product / Service
• Exhibit 179: Western Bulk Management AS - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 180: Inclusions checklist
• Exhibit 181: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 182: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 183: Research methodology
• Exhibit 184: Validation techniques employed for market sizing
• Exhibit 185: Information sources

• 13.5 List of abbreviations 
• Exhibit 186: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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