Shipbroking market 2023-2027; A descriptive analysis of the five forces model, market dynamics, and segmentation - Technavio

NEW YORK , Jan. 11, 2023 /PRNewswire/ -- According to Technavio, the global shipbroking market size is estimated to grow by USD 244.12 million from 2022 to 2027. The market is estimated to grow at a CAGR of 2.95% during the forecast period. Europe held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 49%. For more Insights on market size, Request a sample report

Shipbroking market - Five Forces

The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Shipbroking market – Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Shipbroking market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on 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 market share growth by the bulker segment will be significant during the forecast period. The segment is driven by the increasing demand for dry bulk seaborne trade across the world. Also, the growth in the production of wheat and other non-perishable products is driving the demand for bulkers, such as dry containers, in the global shipbroking market.

Geography Overview

By geography, the global shipbroking market is segmented into Europe, APAC, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global shipbroking market.

• Europe is estimated to contribute 49% to the growth of the global market during the forecast period. Factors such as the growth in seaborne trade and the maturity of the shipping industry are driving the growth of the shipbroking market in Europe.

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Shipbroking market – Market Dynamics

Key factor driving market growth

• The demand for significant value creation in the shipping process is one of the key growth drivers in the market.
• Shipbroking is an extremely crucial function in the shipping business.
• Shipbrokers play a crucial role in bringing parties together from different regions and backgrounds to create a win-win situation for all stakeholders. They are equipped with not only different formal qualifications but extensive experience and worldwide contacts also across the maritime sector.
• With most businesses in the maritime industry becoming more customer-centric, the involvement of shipbrokers in a shipping transaction is increasingly perceived as a beneficial proposition for all the parties involved.
• All these factors are influencing the growth of the global shipbroking market.

Leading trends influencing the market 

• The implementation of advanced technology is identified as the key trend in the market.
• Investments in R&D have proliferated the adoption of advanced technologies in the maritime sector.
• The increasing use of smart systems such as advanced sensor systems, drones, satellites, and other robotic devices is making modern ships smarter.
• Besides, the advent of computerized systems, Big Data Analytics, and the availability of real-time maritime data have resulted in greater transparency and visibility across global markets and pricing trends.
• Such developments are bringing high levels of efficiency into the entire shipbroking and shipping process.
• This trend is expected to have a positive impact on the growth of the market during the forecast period.

Major challenges hindering market growth

• The growing reliance on global macroeconomic factors is one of the major challenges hindering market growth.
• Global macroeconomic factors have a direct impact on the shipbroking industry.
• The decline in global economic growth, investments, or trade will have an adverse impact on the growth shipping industry.
• In addition, factors such as the rise of protectionism across the world, shortening supply chains, production and trade localization, and the failure of regional trade agreements are negatively affecting the global shipping industry.
• Many such factors are reducing the growth potential in the market.

Driver, Trend, and Challenges are the factor of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this Shipbroking Market report?

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

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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 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

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.

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Technavio Research
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Email: [email protected]
Website: www.technavio.com/

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