Global Dry Bulk Shipping Market Overview
Introduction:
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. The global 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%.
Global Dry Bulk Shipping Market Dynamics
Increase in steel production all over the world has led to the transportation of raw materials which is the major driving factor for the global 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 global 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 global dry bulk shipping market during the forecast period.
Global Dry Bulk Shipping Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global dry bulk shipping market is segmented based on type, application, and region.
On the basis of type, the global 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:
The global 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 global 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 global 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.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
|
Market Segmentation |
By Type- Time Charter and Voyage By Application– Iron Ore, Coal, Grain, Steel Products, and Lumber or Log |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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 global dry bulk shipping market report based on type, application, and region.
Global Dry Bulk Shipping Market, By Region:
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-
- North America
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- U.S.
- Canada
-
- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Dry Bulk Shipping Market Key Players
The key players operating in the global dry bulk shipping market includes Diana Shipping, Inc., Dry Ships, Inc., Genco Shipping & Trading Ltd., Baltic Trading, Navios Maritime Holdings, Star Bulk Carriers.
Global Dry Bulk Shipping Market Company Profile
- 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
Global Dry Bulk Shipping Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Dry Bulk Shipping Market, By Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Time Charter
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Voyage
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Dry Bulk Shipping Market, By Application, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Iron Ore
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Coal
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Grain
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Steel Products
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Lumber
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Log
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Dry Bulk Shipping Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
- Latin America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- 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
-
- mance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global dry bulk shipping market is segmented based on type, application, and region.
Increase in steel production all over the world has led to the transportation of raw materials which is the major driving factor for the global dry bulk shipping market.
North America is the dominating region in the global dry bulk shipping market trailed by Europe.
The key players operating in the global dry bulk shipping market includes Diana Shipping, Inc., Dry Ships, Inc., Genco Shipping & Trading Ltd., Baltic Trading, Navios Maritime Holdings, Star Bulk Carriers.