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Global Dry Bulk Shipping Market Study 2019 - Market Nears $400 Billion by 2024 - ResearchAndMarkets.com

November 22, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 22, 2019--

The “Dry Bulk Shipping Market - Forecasts from 2019 to 2024” report has been added to ResearchAndMarkets.com’s offering.

The global dry bulk shipping market is expected to grow at a CAGR of 4.14% to reach $399.353 billion by 2024 from $313.077 billion in 2018.

Factors such as high economic growth, rising population, and rapid urbanization, and growing steel production are boosting the need for shipping various materials used across different industries. Stronger industrial production across the globe has benefitted from the dry bulk shipping market. Improving charter rates will also have a positive impact on the market during the forecast period.

As the name suggests, dry bulk cargoes need to be kept dry, any moisture that finds its way into the cargo could ruin the entire load, at considerable cost to the ship-owner. It may also be surprising to learn that many dry bulk cargoes are classified as Dangerous Goods’ requiring special attention during loading, transportation, and discharge, as they could shift during shipment, causing ship instability and is also hampering the growth of the market during the forecast period.

Report Scope

This report is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by commodity type, vessel type, and geography.

Based on commodity type, the market has been segmented as Iron ore, Coal, Grain, Bauxite and Others. On the basis of vessel type, the market is segmented as Capesize, Handysize, Panamax, and Handymax.

Regional analysis has been provided with detailed analysis and forecast for the period 2019 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes major countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.

Major players in the dry bulk shipping market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the dry bulk shipping market.

Companies Profiled

  • Diana Shippping Inc.
  • Star Bulk Carriers Corp.
  • Scorpio Bulkers Inc.
  • Genco Shipping & Trading Limited
  • GAC
  • Freeseas Inc.
  • NYK Line
  • Globus Maritime Limited
  • Western Bulk
  • Berge Bulk

For more information about this report visit https://www.researchandmarkets.com/r/pxz6l3

View source version on businesswire.com:https://www.businesswire.com/news/home/20191122005422/en/

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SOURCE: Research and Markets

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PUB: 11/22/2019 11:49 AM/DISC: 11/22/2019 11:49 AM