Shipbroking Market size to grow by USD 244.12 million from 2021 to 2026; Growth driven by demand for significant value creation in the shipping process - Technavio

NEW YORK, May 17, 2023 /PRNewswire/ -- The shipbroking market size is set to grow by USD 244.12 million from 2022 to 2027 progressing at a CAGR of almost2.95% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by demand for significant value creation in the shipping process. 

Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The report on the shipbroking market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Shipbroking Market 2023-2027 - Market Dynamics

Market Driver

• Demand for key value addition in the shipping process
• Growth in the global economy
• Increased demand for seaborne trade

Market Trend

• Implementation of advanced technologies
• Strategic alliances leading to carrier consolidation
• Volatility in crude oil prices

Market Challenges

• Increased exposure to global macroeconomic factors
• Advanced technology supplanting shipbroking functions
• Supply-demand mismatch

Shipbroking Market 2023-2027: Market Segmentation

The shipbroking market is segmented by application (bulker, tanker, and others), end-user (oil and gas, manufacturing, aerospace and defense, and others), and geography (Europe, APAC, North America, Middle East and Africa, and South America). 

The shipbroking market share growth by the bulker segment will be significant during the forecast period. The bulker segment is driven by the growth in demand for dry bulk seaborne trade across the world, the dry bulk fleet size, and global infrastructural activity. By geography, Europe is estimated to contribute 49% to the growth of the global market during the forecast period. The presence of the global top five countries in vessel ownership is expected to drive the overall shipbroking market in the region. 

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

The shipbroking market covers the following areas:

Shipbroking Market Sizing
Shipbroking Market Forecast
Shipbroking Market Analysis

Companies Mentioned

• AGORA SHIPBROKING Corp.
• Aries Shipbroking (Asia) Pte Ltd.
• Braemar Shipping Services Plc
• BRS Group
• Chowgule Brothers Pvt. Ltd.
• Clarkson PLC
• E.A. Gibson Shipbrokers Ltd.
• Fearnleys AS
• Galbraiths Ltd.
• Howe Robinson Partners Pte Ltd.
• INTEROCEAN
• Lorentzen and Stemoco AS
• Maersk Broker KS
• Maritime London Ltd.
• McQuilling Partners Inc.
• Poten and Partners Inc.
• Seacore Shipbrokers Ltd.
• SHIPLINKS
• Simpson Spence Young Ltd.
• SPI Marine (UK) Ltd.

agoraships.com- The company offers broking services like dry bulk cargo chartering, coal, iron ore, steels, sugar, biofuels, tanker chartering

ariesasia.com- The company offers shipbroking and related consultancy services to its global client base

braemar.com- The company offers advisory services in shipping investment, delivering creative shipbroking solutions and tailored support for customers around the world

Related Reports:

Dry Bulk Shipping Market- The dry bulk shipping market size is estimated to grow at a CAGR of 3.87% between 2022 and 2027 and the size of the market is forecast to increase by USD 3,304.17 million. 

Tank Trucking Market- The tank trucking market is estimated to decline at a CAGR of 7.29% between 2022 and 2027. The size of the market is forecast to increase by USD 97.06 billion. 

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Key Topics Covered:

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 Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• 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 shipbroking market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global shipbroking market 2017 - 2021 ($ million)

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

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user 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 Application

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

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

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

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

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

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 49: Chart on Comparison by End-user
• Exhibit 50: Data Table on Comparison by End-user

• 7.3 Oil and gas - Market size and forecast 2022-2027
• Exhibit 51: Chart on Oil and gas - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Oil and gas - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)

• 7.4 Manufacturing - Market size and forecast 2022-2027
• Exhibit 55: Chart on Manufacturing - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Manufacturing - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Manufacturing - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)

• 7.5 Aerospace and defense - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 67: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 UK - Market size and forecast 2022-2027
• Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.9 Singapore - Market size and forecast 2022-2027
• Exhibit 97: Chart on Singapore - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Singapore - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Singapore - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Singapore - Year-over-year growth 2022-2027 (%)

• 9.10 Norway - Market size and forecast 2022-2027
• Exhibit 101: Chart on Norway - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Norway - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Norway - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Norway - Year-over-year growth 2022-2027 (%)

• 9.11 US - Market size and forecast 2022-2027
• Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.12 China - Market size and forecast 2022-2027
• Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: 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 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 AGORA SHIPBROKING Corp. 
• Exhibit 120: AGORA SHIPBROKING Corp. - Overview
• Exhibit 121: AGORA SHIPBROKING Corp. - Product / Service
• Exhibit 122: AGORA SHIPBROKING Corp. - Key offerings

• 12.4 Aries Shipbroking (Asia) Pte Ltd. 
• Exhibit 123: Aries Shipbroking (Asia) Pte Ltd. - Overview
• Exhibit 124: Aries Shipbroking (Asia) Pte Ltd. - Product / Service
• Exhibit 125: Aries Shipbroking (Asia) Pte Ltd. - Key offerings

• 12.5 Braemar Shipping Services Plc
• Exhibit 126: Braemar Shipping Services Plc - Overview
• Exhibit 127: Braemar Shipping Services Plc - Business segments
• Exhibit 128: Braemar Shipping Services Plc - Key offerings
• Exhibit 129: Braemar Shipping Services Plc - Segment focus

• 12.6 BRS Group 
• Exhibit 130: BRS Group - Overview
• Exhibit 131: BRS Group - Product / Service
• Exhibit 132: BRS Group - Key offerings

• 12.7 Chowgule Brothers Pvt. Ltd. 
• Exhibit 133: Chowgule Brothers Pvt. Ltd. - Overview
• Exhibit 134: Chowgule Brothers Pvt. Ltd. - Product / Service
• Exhibit 135: Chowgule Brothers Pvt. Ltd. - Key offerings

• 12.8 Clarkson PLC 
• Exhibit 136: Clarkson PLC - Overview
• Exhibit 137: Clarkson PLC - Business segments
• Exhibit 138: Clarkson PLC - Key offerings
• Exhibit 139: Clarkson PLC - Segment focus

• 12.9 E.A. Gibson Shipbrokers Ltd. 
• Exhibit 140: E.A. Gibson Shipbrokers Ltd. - Overview
• Exhibit 141: E.A. Gibson Shipbrokers Ltd. - Product / Service
• Exhibit 142: E.A. Gibson Shipbrokers Ltd. - Key offerings

• 12.10 Fearnleys AS 
• Exhibit 143: Fearnleys AS - Overview
• Exhibit 144: Fearnleys AS - Product / Service
• Exhibit 145: Fearnleys AS - Key offerings

• 12.11 Galbraiths Ltd. 
• Exhibit 146: Galbraiths Ltd. - Overview
• Exhibit 147: Galbraiths Ltd. - Product / Service
• Exhibit 148: Galbraiths Ltd. - Key offerings

• 12.12 Howe Robinson Partners Pte Ltd. 
• Exhibit 149: Howe Robinson Partners Pte Ltd. - Overview
• Exhibit 150: Howe Robinson Partners Pte Ltd. - Product / Service
• Exhibit 151: Howe Robinson Partners Pte Ltd. - Key offerings

• 12.13 Lorentzen and Stemoco AS 
• Exhibit 152: Lorentzen and Stemoco AS - Overview
• Exhibit 153: Lorentzen and Stemoco AS - Product / Service
• Exhibit 154: Lorentzen and Stemoco AS - Key offerings

• 12.14 Maersk Broker KS 
• Exhibit 155: Maersk Broker KS - Overview
• Exhibit 156: Maersk Broker KS - Product / Service
• Exhibit 157: Maersk Broker KS - Key offerings

• 12.15 McQuilling Partners Inc. 
• Exhibit 158: McQuilling Partners Inc. - Overview
• Exhibit 159: McQuilling Partners Inc. - Product / Service
• Exhibit 160: McQuilling Partners Inc. - Key offerings

• 12.16 Poten and Partners Inc. 
• Exhibit 161: Poten and Partners Inc. - Overview
• Exhibit 162: Poten and Partners Inc. - Product / Service
• Exhibit 163: Poten and Partners Inc. - Key offerings

• 12.17 Simpson Spence Young Ltd. 
• Exhibit 164: Simpson Spence Young Ltd. - Overview
• Exhibit 165: Simpson Spence Young Ltd. - Product / Service
• Exhibit 166: Simpson Spence Young Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

• adoption of multichannel marketing strategies: The key vendors in the market are striving to expand their target customer base by investing in marketing and promotional activities. Large specialized consumer service providers aim at strengthening their presence by investing in brand visibility activities, celebrity endorsements, and marketing through channels such as television, radio, the Internet, print media, posters, and direct mails. The competitors also use a targeted advertising approach and launch advertisements that are designed and crafted to promote the services and communicate the brand positioning.

• attrition and training: Professional, skilled, and unskilled workforce is required to provide specialized consumer services. However, there is a shortage of skilled and professional workforce to meet the demand. For instance, in security services, a skilled workforce is required when new monitoring devices and security gadgets are developed and adopted. Several vendors provide rigorous training to their employees about the handling of critical tasks while serving specialized consumer services. However, the retention of such a workforce is a major challenge.

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