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Ocean Freight Market at a High CAGR by 2027 – A.P. Moller Maersk, DB Schenker,Deutsche Post AG DHL Group, Expeditors International of Washington, Global Shipping Services, KUEHNE NAGEL and Kvaver LTD.

Press release   •   Jul 11, 2019 19:45 IST

Ocean Freight Market

Worldwide Ocean Freight Market Analysis to 2027 is a specialized and in-depth study of the Ocean Freight Industry with a focus on the global market trend. The report aims to provide an overview of global Ocean Freight Market with detailed market segmentation by product/application and geography. The global Ocean Freight Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Ocean Freight players and offers key trends and opportunities in the market.

Ocean freight is the most common method of transportation used by exporters and importers to transport goods through seaways. In comparison to other freight services the ocean freight is cheaper, requires less maintenance, and is ideal for transporting bulky goods. 

The increasing focus towards reaching the global market is aiding the growth of ocean freight market. The ocean freight market is saturated and some of the major players holds the significant market share making it difficult for the smaller players to compete.

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The increasing demand for reaching the global customer, cost optimization, and bulk transport of goods are expected to influence the ocean freight market positively. However, slow speed and risk related to the ocean freight are the significant factors that might hinder the growth of the ocean freight market. 

The growing popularity of cross border e-commerce sector is the factor that is creating opportunities for the companies operating in the ocean freight market to gain a strong customer base and generate more revenues.

Market Segmentation :

The global ocean freight market is segmented on the basis of offering, carrier type, freight type, and industry vertical. Based offering, the market is segmented as solution and service. On the basis of the carrier type the market is segmented as containers, bulk carriers, tankers, and others. On the basis of freight type the market is divided into less than container load LCL, full container load FCL, and others. On the basis of industry vertical the market is segmented as automotive, manufacturing, electrical and electronics, government, and others.

Top Leading Market Players:

  1. A.P. Moller Maersk
  2. DB Schenker
  3. Deutsche Post AG DHL Group
  4. Expeditors International of Washington Inc.
  5. Global Shipping Services LLC
  6. KUEHNE NAGEL
  7. Kvaver LTD.
  8. Nippon Express
  9. Panalpina World Transport Holding Ltd.
  10. United Parcel Service of America Inc.

As leading companies in Ocean Freight Market continues to broaden their addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Various companies in the value chain are acquiring other local players and operating through joint ventures with retailers in the market to maintain their position in market and provide efficient solutions to its customers.

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The Ocean Freight Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

The Ocean Freight Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions.

The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

Reasons to Buy the Report:

  • Learn about the driving factors, affecting the market growth.
  • Imbibe the advancements and progress in the market during the forecast period.
  • Understand where the market opportunities lies.
  • Compare and evaluate various options affecting the market.
  • Pick up on the leading market players within the market.
  • Envision the restrictions and restrains that are likely to hamper the market

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