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Ocean Freight Market to Witness Huge Growth by 2027 – A.P. Moller Maersk, DB Schenker, Deutsche Post AG DHL Group, Expeditors International of Washington, Global Shipping Services, KUEHNE NAGEL, Kvaver, Nippon Express

Press release   •   Sep 20, 2019 21:54 IST

Ocean Freight Market

According to a new market study entitled "Ocean Freight Market to 2027 - Global Analysis and Forecasts by Deployment Type (On-Premise and Cloud) and Industry Vertical (BFSI, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, Travel & Hospitality, IT & Telecommunication, Media & Entertainment, and Others) and Geography, "explains the report, explaining the key drivers of this growth and highlighting key market players and their evolution. The report factors this growth and also highlights the major players in the market and their developments.

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.

The “Global Ocean Freight Market Analysis to 2027″ is a specialized and in-depth study of the ocean freight industry with a special focus on the global market trend analysis. The report aims to provide an overview of ocean freight market with detailed market segmentation by offering, carrier type, freight type, industry vertical and geography.

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Key Benefits-

  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Ocean Freight Market
  • To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

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.

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 leading ocean freight market players and offers key trends and opportunities in the ocean freight market.

Leading Key Players:

  • A.P. Moller - Maersk
  • Global Shipping Services, LLC
  • Kvaver LTD.
  • Expeditors International of Washington, Inc.
  • Deutsche Post AG (DHL Group)
  • KUEHNE + NAGEL
  • DB Schenker
  • United Parcel Service of America, Inc.
  • Nippon Express
  • Panalpina World Transport (Holding) Ltd.

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 leading ocean freight market players and offers key trends and opportunities in the ocean freight market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global ocean freight market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

The ocean freight market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting ocean freight market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the ocean freight market in these regions.

The reports cover key developments in the ocean freight market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations.

These activities have paved way for expansion of business and customer base of market players. The market payers from Ocean freight market are anticipated to lucrative growth opportunities in the future with the rising demand for Ocean freight in the global market. Below mentioned is the list of few companies engaged in the ocean freight market.

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Reason to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Ocean Freight Market
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Ocean Freight Market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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