Trade liberalization and global economic growth boost the cargo shipping market. In the past decade cargo shipping market has fared quite successfully. With economic growth and development there is a direct increase in commodity consumption, which drives the cargo shipping market. Depending on the cargo and the type of storage, loading, unloading and securing it would require various types of ships for transportation.
According to the study, the automotive industry is expected to witness a healthy growth backed by the technological advancements. Leading players are expected to launch unique driving techniques to strengthen their footprint. This will have a positive impact on the Cargo Shipping market. The report covers the ‘Highs and Lows’ of the past decade and gives future projections based on the latest trend in the automotive industry.
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COVID-19 Impact on Automotive Industry
With the onset of COVID-19, the automotive companies and market players witnessed a few set-backs. As the COVID-19 crisis continues to unfold, FMI delivers detailed and rapid insights to navigate through the crisis. The report presents in-depth findings obtained through innovative methodology. Information presented in the report, is interspersed with up-to-date statistics. Data available on the Cargo Shipping market is intended to aid both short-term and long-term strategic decision making. The report also offers a holistic overview, mapping the factors, opportunities and trends likely to help in the wake of the coronavirus pandemic.
The COVID-19 outbreak had a swift and severe impact on the automotive sector. Affects included disruption in supply chain activities and overall vehicle production. Starting in China, vehicle and vehicle part manufacturers around the world either placed their production lines on quarantine or shut down completely. This led to severe impact on automotive sales, thus hindering the Cargo Shipping market.
However, with recovery already registered in certain countries, future prospects are expected to improve for the Cargo Shipping market.
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Cargo Shipping Market: Segmentation
To gain a better perspective on the latest trends and opportunities, the information has been classified into key segments and sub-segments.
On basis of cargo type, the global cargo shipping market is segmented into:
- Container cargo
- 20 foot (6.08 m) Twenty-foot Equivalent Unit (TEU)
- 40 foot (12.8 m) Forty-foot Equivalent Unit (FEU)
- 45 foot (13.7m)
- 48 foot(14.6m)
- Bulk cargo
- General cargo
- Raw materials
On basis of industry type, the global cargo shipping market is segmented into:
- Food and Manufacturing
- Fruits, drinks
- Manufactured raw materials
- Oil and ores
- Iron ore
- Electrical and electronics
- Electrical equipment’s
- Electronic equipment’s
Cargo Shipping Market: Competitive Analysis
The report on the Cargo Shipping market report offers a detailed analysis of some of the leading players operating in the market. It examines the impact of key strategies adopted by the market players, which include product launches, expansion of distribution channels, leveraging local networks, strategic mergers & acquisitions, and others.
Key players covered in the report include:
Examples of the market participants in the cargo shipping market, identified across value chains include CMA-CGM SA, A.P. Moller-Maersk Group, Mediterranean Shipping Company S.A., Panalpina World Transport (Holding) Ltd., DHL Global Forwarding, China COSCO Holdings Company Limited, Nippon Express Co., Ltd, Hapag-Lloyd AG, Ceva Logistics and Deutsche Bahn AG.
Critical Questions Answered in the Report
- Which are the top manufacturing companies operating in the Cargo Shipping market?
- What will be the future outlook of the Cargo Shipping market in the upcoming decade?
- Which are the some of the lucrative markets for Cargo Shipping market?
- Which factors will drive the Cargo Shipping market growth?
- What are the challenges faced by the prominent players of the global Cargo Shipping market?
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Significant Contributions of the Report
- Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
- Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
- Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
- Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
- Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry
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