Shipping Market Size Expected to Grow by USD 10.78 Billion | 40% of market growth comes from Europe

The maritime transit market covers the following areas:

Sizing of the maritime transport market
Shipping Market Forecast
Shipping market analysis

Driver and challenge

the Global Cross-Border E-Commerce Market Growth Driving LCL Volume is one of the key factors driving the growth of the shipping market. The global cross-border e-commerce market has been valued at $460 billion in 2017 and should reach $1.265 billion during the forecast period. The United States and China are the major contributing countries to the global cross-border e-commerce market. Growing internet penetration and rising purchasing power parity (PPP) across all regions is driving the growth of the cross-border e-commerce market. This growth should positively influence the volume of maritime freight worldwide. LCL’s ocean shipments are boosted by the increase in the number of small package shipments. In addition, providers plan to expand their service portfolio. Maritime transport is becoming a preferred mode for e-commerce due to infrastructure development. Additionally, there is an increase in the use of intermodal freight transportation due to the cost advantages it offers shippers over using a single mode of transportation.

Consolidation in the shipping industry leading to high freight costs and operational difficulties will challenge the shipping market during the forecast period. The movement towards consolidation in the shipping industry is expected to continue during the forecast period. Major shipping lines have formed alliances, reducing excess ship capacity as well as the cost of scrapping idle ships in ports. Such consolidations in the transportation industry will lead to an oligopolistic market, which could reduce the number of options freight forwarders can choose from. This, in turn, will lead to an increase in freight rates.

Regional analysis

Europe will account for 40% of the market growth over the forecast period. Growing volume of trade on European trade routes, increasing container port throughput and increasing number of free trade agreements in the region will drive the growth of the ocean freight forwarding market in Europe during the forecast period. Market growth in this region will be faster than market growth in other regions. Germany and UK are key countries for ocean freight forwarding market in Europe.

Companies cited

• Agility Public Warehousing Company KSCP
• CH Robinson Worldwide Inc.
• CEVA Logistics SA
• CJ Logistics Corp.
• Deutsche Bahn AG
• Deutsche Post AG
• DSV Panalpina A/S
• Hellmann Worldwide Logistics SE & Co. KG
• Kuehne + Nagel International AG
• United Parcel Service Inc.

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Main topics covered:

Summary

Market landscape

• Market ecosystem
• Value chain analysis

Market sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market Outlook: Forecast for 2019 – 2024

Five forces analysis

• Summary of the five forces
• The bargaining power of buyers
• Bargaining power of suppliers
• The threat of new entrants
• The threat of substitutes
• Threat of rivalry
• Market state

Market segmentation by service

• Market segments
• Comparison by service
• FCL – Market size and forecast 2019-2024
• LCL – Market size and forecast 2019-2024
• Market opportunity by service

Customer landscape

Geographic landscape

• Geographic segmentation
• Geographic comparison
• Europe – Market size and forecast 2019-2024
• APAC – Market size and forecast 2019-2024
• North America – Market size and forecast 2019-2024
• South America – Market size and forecast 2019-2024
• MEA – Market size and forecast 2019-2024
• Main leading countries
• Market Opportunity by Geography
• Market factors
• Market challenges
• Market trends

Supplier Landscape

• Insight
• Landscape disturbance

Vendor analysis

• Suppliers Covered
• Positioning on the supplier market
• Agility Public Warehousing Company KSCP
• CH Robinson Worldwide Inc.
• CEVA Logistics SA
• CJ Logistics Corp.
• Deutsche Bahn AG
• Deutsche Post AG
• DSV Panalpina A/S
• Hellmann Worldwide Logistics SE & Co. KG
• Kuehne + Nagel International AG
• United Parcel Service Inc.

Annex

• Report scope
• Currency conversion rates for the US dollar
• Research methodology
• Abreviations list

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