Dry Bulk Shipping Market Size to Reach USD 5066.3 Million by 2026 at CAGR 2.6% | Valuates Reports
BANGALORE, India, March 22, 2021 /PRNewswire/ -- The Dry Bulk Shipping Market is Segmented Type (Time Charter, Voyage Charter), Application (Iron Ore, Coal, Grain, Steel Products, Lumber or Log, Other Commodities). The report covers global opportunity analysis and industry forecast from 2021 to 2026. It is published onValuates Reports in the Transportation & Logistics Category.
The global Dry Bulk Shipping market size is projected to reach USD 5066.3 Million by 2026, from USD 4213.8 Million in 2019, at a CAGR of 2.6% During the Forecast Period 2021-2026.
Major factors driving the growth of dry bulk shipping market size are accelerating economic growth, higher urbanization, rising steel production, and growing coal industry. On the contrary, the growth of high transportation and infrastructure costs along with the act of piracy and trading obstructions might hinder the growth of dry bulk shipping market size.
According to the International Chamber of Shipping, about 90 percent of world trade is the responsibility of the international shipping industry.
Request a Sample Copy of the Report For COVID-19 Impact Analysis on Dry Bulk Shipping Market : https://reports.valuates.com/request/sample/QYRE-Othe-4A274/Dry_Bulk_Shipping_Market
TRENDS INFLUENCING THE DRY BULK SHIPPING MARKET SIZE
The dry bulk shipping market size is expected to be driven by the seaborne trade of iron ore and coal. The primary raw materials required to generate electricity and to develop a sustainable infrastructure are coal and iron ore. The rapid rise in electricity demand has increased the need for coal import and export. The rise in industrialization and the liberalization of national economies has led to the demand for iron ore and coal, which is mainly met through seaborne trade by industries.
Increased technological advances, including the monitoring of shipping materials and the allocation of an identification number to individual items, are likely to propel the growth of dry bulk shipping market size.
Furthermore, the dry bulk shipping industry has benefited from stronger industrial development across the globe. During the forecast period, improving charter rates is also expected to fuel the growth of dry bulk shipping market size.
Another vital factor expected to drive the dry bulk shipping market size is the developing foundation improvement, which requires critical utilization of steel items.
View Report Details Before Purchasing: https://reports.valuates.com/market-reports/QYRE-Othe-4A274/dry-bulk-shipping
DRY BULK SHIPPING MARKET SHARE ANALYSIS
Iron ore is the most important cargo for the Capesize segment. Robust iron ore prices have spurred miners to increase their output, which has resulted in better demand for dry bulk shipping. Chinese iron ore imports have increased year on year. Furthermore, the exports from Western Australia have also increased dramatically. The number of Capesize ships in the global fleet is expected to steadily increase over the forecast period.
Based on region, Europe is expected to hold the largest market share during the forecast period.
This dominance is attributed to the increasing transportation of coal and iron ore across the region. Europe is also home to major production industries which are further fueling the dry bulk shipping market size in the region.
Due to an increase in industrial production across the region, Asia Pacific is projected to see significant growth in the global dry bulk shipping market during the forecast period.
China is expected to be a highly lucrative dry bulk shipping market in the Asia-Pacific region. Furthermore, China is the world's leading importer of iron ore and coal, which will help drive the Asia Pacific dry bulk shipping industry.
Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Othe-4A274/Dry_Bulk_Shipping_Market
The following players are covered in this report:
- Diana Shipping
- Dry Ships, Inc.
- Genco Shipping & Trading Ltd
- Baltic Trading
- Navios Maritime Holdings
- Star Bulk Carriers
- Baltic Trading
- Navios Maritime Holdings
- Others.
Dry Bulk Shipping Breakdown Data by Type
- Time Charter
- Voyage
Dry Bulk Shipping Breakdown Data by Application
- Iron Ore
- Coal
- Grain
- Steel Products
- Lumber or Log
- Other Commodities
Buy Now for Single User + Covid-19 Impact: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-4A274&lic=single-user
Buy Now for Enterprise License + Covid-19 Impact: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-4A274&lic=enterprise-license
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS :
- Electric Ships market size is projected to reach USD 8464.2 Million by 2026, from USD 4160 Million in 2019, at a CAGR of 10.6% during 2021-2026.
- Marine Actuators and Valves market size is projected to reach USD 4639.1 Million by 2026, from USD 3344.1 Million in 2019, at a CAGR of 4.7% during 2021-2026.
- Marine Coatings market size is projected to reach USD 3324 Million by 2026, from USD 2733.8 Million in 2019, at a CAGR of 2.8% during 2021-2026. The Asia Pacific region is expected to account for the largest share of the marine coatings market in 2016 and is expected to maintain its dominance during the forecast period.
- Cargo Shipping Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type ( Container Cargo, General Cargo, Bulk Cargo), By Application (Oil, Ores, Food, Manufacturing) and Regional Opportunity Analysis and Industry Forecast.
- Shipping Container Market is expected to grow from USD 13,395.61 Million in 2019 to USD 18,148.38 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 5.19%.
- Connected Ship Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type ( Commercial, Defence), By Application (Vessel Traffic Management, Fleet Operations, Fleet Health Monitoring) and Regional Opportunity Analysis and Industry Forecast.
- Tarpaulin Top Container Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type ( 20 Feet, 40 Feet, Others), By Application (Timber, Scrap Materials, Machinery, Others) and Regional Opportunity Analysis and Industry Forecast.
To see the full list of related reports on the Dry Bulk Shipping
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources
CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports
SOURCE Valuates Reports
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article