Dry Bulk Shipping Market, By Type (Time Charter and Voyage), By Application (Iron Ore, Coal, Grain, Steel Products, and Lumber or Log), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa) - Trends, Analysis and Forecast till 2030

Dry bulk shipping market accounted for US$ 300.23 million in 2020 and is estimated to be US$ 476.53 million by 2030 and is anticipated to register a CAGR of 4.8%.

Dry bulk shipping refers to the transportation of raw materials. This method refers to the caring of significant commodities in bulk such as iron ore, coal, and grain, together with ships carrying steel products such as coils, plates, rods, lumber or log and such. Dry bulk shipping is essential for global trade and industry. Dry bulk materials are unpackaged goods shipped in large parcels by sea and destined for manufacturers and producers. Coal, grains, and metals are examples of dry bulk commodities. A dry-cargo container is a shipping container used for transporting all types of goods, except liquids. Bulk shipping means transporting the goods in the large amount, usually not packed but directly loaded into the vessel. Grains, petroleum products, iron ore and more. These types of goods are referred to as bulk cargo.

Increase in steel production all over the world has led to the transportation of raw materials which is the major driving factor for the dry bulk shipping market. In addition, rapid urbanization has inclined industries towards dry bulk shipping which has upsurge the target market growth. Furthermore, an increase in the GDP of economies has boosted the target market growth. Nevertheless, technological advancements in dry bulk shipping are expected to create lucrative growth opportunities for the dry bulk shipping market. Increasing industrialization, urbanization, and economic growth is likely to augment the growth of the target market. Rise in transportation of coal and steel products is likely boost the dry bulk shipping market across the globe.

However, transportation and infrastructure costs are high in terms of dry bulk shipping which is anticipated to impact the target market growth over the forecast period. Additionally, trade barriers and regulatory risks are involved with the bulk shipping which is also expected to hamper the dry bulk shipping market during the forecast period.

Dry bulk shipping market is segmented based on type, application, and region.

On the basis of type, the dry bulk shipping market is segmented into time charter and voyage. On the basis of application, the target market is segmented into iron ore, coal, grain, steel products, and lumber or log.

Regional Insights:

Dry bulk shipping market accounted for US$ 300.23 million in 2020 and is estimated to be US$ 476.53 million by 2030 and is anticipated to register a CAGR of 4.8%. On region the dry bulk shipping market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the dominating region in the dry bulk shipping market trailed by Europe. China is expected to be the leading target market over the forecast period owing to the rise in the shipping and maritime trade in the region. In addition, there has been an increase in the iron ore imports into China which has augmented the target market growth in the region. Whereas, Europe is anticipated to be the second leading target market over the forecast period due to the improved growth in minor bulk trades.

Dry Bulk Shipping Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the dry bulk shipping market report based on type, application, and region.

Dry Bulk Shipping Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the dry bulk shipping market includes Diana Shipping, Inc., Dry Ships, Inc., Genco Shipping & Trading Ltd., Baltic Trading, Navios Maritime Holdings, Star Bulk Carriers.

• Diana Shipping, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Dry Ships, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Puritan Medical Products
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Genco Shipping & Trading Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Baltic Trading
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Navios Maritime Holdings
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Star Bulk Carriers
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies