According to Study, The Global Dry Bulk Shipping Market is expected to reach a market volume of 6,100.0 Million tons by the year 2025 and extend at 4.65% CAGR during the forecast period.
The Global Dry Bulk Shipping Market has been comprehensively analyzed and the results are presented in the market report compiled. Popular trends that can play a major role in the growth of the Dry Bulk Shipping Market are identified and are presented in the report. The scope of growth of the Dry Bulk Shipping Market during the forecast period from the year 2019 to the year 2025 has been presented after extensive market research. Developing markets in several key regions have also been identified and efforts to increase the market share occupied by them are presented in the report. A market overview has also been presented.
The global dry bulk shipping market is forecast to witness substantial growth during the forecast period. The demand for dry bulk shipping is expected to be powered by growth of seaborne trade and rising iron ore and coal transportation. International trade, the bulk transport of raw materials, and the import/export of food and manufactured goods are vital in any economy. Under the international Chamber of Shipping, international shipping industry is responsible for performing around 90% of the world trade. Rise in industrialization and the liberalization of national economies has led to a demand for iron ore and coal, which is mainly met by industries through seaborne trading. Coal and Iron ore are the primary raw materials used for producing electricity and building a sustainable infrastructure. The rapid increase in electricity demand has raised the need for importing and exporting coal. Such factors drive the market for dry bulk shipping. Dry bulk shipping is the movement of substantial bulk commodities, such as iron ore, coal, and grains in vessels, and also lumber, steel products, such as coils, plates, rods, and other commodities. A dry bulk cargo barge is a barge, designed to carry freight such as coal, finished steel and its ingredients, grains, sand, gravel, and similar materials.
Several companies operate in the Global Dry Bulk Shipping Market and the ones that have the largest market share in the different regions have been identified. These companies are then further researched to identify the different strategies that have been used that enables them to gain a competitive edge over the others. A strategic profiling of the companies is carried out along with the specifications of the different products that are sold by them.
Scorpio Bulkers, Inc (Monaco), Star Bulk Carriers Corporation (Greece), Pacific Basin Shipping Limited. (Hong Kong), DryShips Inc (Greece), Oldendorff (Germany), Masterbulk Pte Ltd (Singapore), Genco Shipping & Trading Limited (US), Belships ASA (Norway), Marquette Transportation Company LLC. (US)., Diana Shipping Inc. (Greece), Dampskibsselskabet Norden A/S (Denmark), Golden Ocean (Bermuda), Western Bulk (Norway), Marine Services Co. Ltd. (Saudi Arabia), Western Bulk (Norway), Ultrabulk A/S (Denmark), Oldendorff (Germany), Marine Services Co. Ltd. (Saudi Arabia) are some of the major companies in the Global Dry Bulk Shipping Market.
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The Global Dry Bulk Shipping Market depends on several factors that are dependant on the different regions that each market is located in. These different factors that are identified are further researched to predict the effect that they can have on the global market and suggestions are included that can further enhance their effectiveness. The factors for each of the different regions mentioned in the report is presented from the year 2019 to the year 2025 for the base period.
To ensure easier collection of data and to ensure that there are no errors in this data the Global Dry Bulk Shipping Market is divided into a number of different market segments.
The global dry bulk shipping market has been segmented by type and application. On the basis of type, the global dry bulk shipping market is segmented as capesize, panama, supramax, and handysize. The capesize segment is expected to dominate in the market. By application, the global dry bulk shipping market is segmented as iron ore, coal, grains, bauxite/alumina, and phosphate rock. The iron ore segment is also expected to dominate in the market, as iron ore is the world’s largest traded commodity across various developing and developed countries.
Geographical analysis of the dry bulk shipping market spans across China, Europe, North America, India, Japan, South America, Middle East & Africa, and the rest of the world. China will lead the dry bulk shipping market during the forecast period, followed by Europe.
The data compiled in the report is subjected to different tests and analyses and the results are presented in the Dry Bulk Shipping Market report. This data is then analyzed based on the parameters that define Porter’s Five Forces Model. This includes parameters such as the bargaining power of suppliers, the threat that established rivals pose, the threat of new entrants, the bargaining power of customers, and the threat that substitute products or services pose to the market.
Table of Contents
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Dry Bulk Shipping Market, by Type
7 Global Dry Bulk Shipping Market, by Application
8 Global Dry Bulk Shipping Market, by Region
9 Competitive Landscape
10 Company Profiles
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