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The global marine trade market size reached approximately 62,180.52 billion ton-miles in 2023. The market is expected to grow at a CAGR of 2.20% between 2024 and 2032, reaching 75,483.70 billion ton-miles by 2032.
Marine trade or maritime trade refers to the trade of goods where marine vessels are used to transport the goods across water bodies such as seas and oceans. Shipping and transportation via water routes is low cost and efficient, suited for various manufactured, mined, and grown goods, particularly in large volumes.
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Based on cargo type, the market is segmented into chemicals, gas, oil, other dry cargo, containers, minor dry bulk, and main bulks. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the marine trade market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The main bulks segment accounts for a significant share of the market for marine trade based on cargo type as they involve transporting large quantities of non-packable commodities. Bulky and heavy goods such as coal, gravel, grain, and scrap metal, among others, are in high demand from construction and other similar industries. Transporting heavy and bulky cargo can be expensive and time consuming by road or air, due to which marine routes are preferred. Marine vessels used for main bulk cargo are designed in such a way that they can carry heavy and hazardous materials with complete safety. The main bulk containers are locked and sealed properly during transportation for extra safety for faster and easier transportation.
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The Asia Pacific accounts for a sizable share of the marine trade market owing to the strong presence of manufacturing base in countries like China, and extensive coastline surrounding multiple countries. With large scale production capacities and extensive exports, marine trade routes are commonly utilised to ship products to other countries. Both loaded and unloaded freight are common for marine trade in the Asia Pacific. A highly developed port network, growing shipbuilding activities, and increasing industrialisation are further contributing to the growth of the market for marine trade in the Asia Pacific region.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Cargo Type |
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Breakup by Region |
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Market Dynamics |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Marine Trade Market Analysis
8.1 Key Industry Highlights
8.2 Global Marine Trade Historical Market (2018-2023)
8.3 Global Marine Trade Market Forecast (2024-2032)
8.4 Global Marine Trade Market by Cargo Type
8.4.1 Chemicals
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Gas
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Oil
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Other Dry Cargo
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Containers
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Minor Dry Bulk
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Main Bulks
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.5 Global Marine Trade Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
10 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Marine Trade Market: Key Industry Highlights, 2018 and 2032
2. Global Marine Trade Historical Market: Breakup by Cargo Type (USD Million), 2018-2023
3. Global Marine Trade Market Forecast: Breakup by Cargo Type (USD Million), 2024-2032
4. Global Marine Trade Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Marine Trade Market Forecast: Breakup by Region (USD Million), 2024-2032
6. Global Marine Trade Market Structure
The global market for marine trade reached approximately 62,180.52 billion ton-miles in 2023.
The market is expected to grow at a CAGR of 2.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching 75,483.70 billion ton-miles by 2032.
The key drivers in the market are increasing globalisation, expansion of manufacturing centres worldwide, and improvements in marine trade routes.
The key trends of the market are rising disposable income, increasing demand for eco-friendly ships, and growing demand for cost-efficient ways of transportation.
The various cargo types in the market for marine trade are chemicals, gas, oil, other dry cargo, containers, minor dry bulk, and main bulks.
Marine trade is a type of trade that involves transportation of bulk as well as other types of goods through water routes with the help of marine vessels.
The major regions in the market for marine trade, according to the report, are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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