Digital Shipment Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43060
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The digital shipment market has the potential to grow by USD 27.58 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 21.57%.

This digital shipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (digital shipping lines and digital freight forwarders) and geography (APAC, North America, Europe, MEA, and South America). The digital shipment market report also offers information on several market vendors, including A.P. Moller - Maersk AS, CMA CGM Group, COSCO Shipping International Co. Ltd., Evergreen Group, Hapag-Lloyd AG, Hyundai Merchant Marine (Europe) Ltd., MSC Mediterranean Shipping Co. SA, Ocean Network Express Pte. Ltd., Yang Ming Marine Transport Corp., and ZIM Integrated Shipping Services Ltd. among others.

What will the Digital Shipment Market Size be in 2021?

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Digital Shipment Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing customer demand for faster and more streamlined services is notably driving the digital shipment market growth, although factors such as cybercrime risks may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the digital shipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The increasing demand for faster and more streamlined logistics services is expected to drive the growth of the digital shipment market during the forecast period.
  • Customers are demanding faster ways to contact vendors, which facilitates quicker buying decisions.
  • Freight service providers are incorporating various digital tools, such as online chats and displaying contact information on websites, to improve the communication flow.
  • Freight forwarders are enabling better shipment tracking by providing an online platform to buy and manage freight services.
  • Digital shipment service providers enable the sharing of all the documents required in every freight within their online platforms, which makes it easy to quickly access them when required and organize them all in one place.
  • The advent of new technologies is expected to fuel the growth of the digital shipment market size during the forecast period.
  • With the advent of new technologies such as the IoT, robotics, automation, and big data, customers are able to achieve greater operational efficiency and gain a competitive advantage over others.
  • The application of big data in digital shipment aids operators and ship owners in reducing operational costs, increasing the safety of their vessels, and significantly improving the performance of their fleet.
  • The automation of digital shipment processes can help in detecting the signs of an issue beforehand and make the necessary adjustments to prevent the problem in advance.
  • Vendors operating in this sector have incorporated various data-driven technologies, such as the IoT, in various settings, including aviation, maritime freight, warehousing, and package delivery. 

This digital shipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Digital Shipment Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • A.P. Moller - Maersk AS
  • CMA CGM Group
  • COSCO Shipping International Co. Ltd.
  • Evergreen Group
  • Hapag-Lloyd AG
  • Hyundai Merchant Marine (Europe) Ltd.
  • MSC Mediterranean Shipping Co. SA
  • Ocean Network Express Pte. Ltd.
  • Yang Ming Marine Transport Corp.
  • ZIM Integrated Shipping Services Ltd.

 

This statistical study of the digital shipment market encompasses successful business strategies deployed by the key vendors. The digital shipment market is fragmented and the vendors are deploying growth strategies such as investing in the deployment of advanced technologies and providing a greater number of digital shipment services to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The digital shipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Digital Shipment Market?

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51% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for digital shipment in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The presence of a large consumer base with Internet access and the rapid growth of the e-commerce industry will facilitate the digital shipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Digital Shipment Market?

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The digital shipment market share growth by the digital shipping lines segment will be significant during the forecast period. Digital shipping lines generally make use of containers that are equipped with tracking devices based on AI and the IoT that send logistics-related information in real-time. Some of the advantages of digital shipping lines are the option for online booking directly with the source of the sea freight at competitive rates and the option to choose the desired vessel for cargoes. These factors are likely to drive the growth of the digital shipping lines segment of the digital shipment market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the digital shipment market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Digital Shipment Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive digital logistics market growth during the next five years
  • Precise estimation of the digital logistics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the digital shipment industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of digital shipment market vendors

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Digital Shipment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 21.57%

Market growth 2021-2025

$ 27.58 billion

Market structure

Fragmented

YoY growth (%)

29.77

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 51%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

A.P. Moller - Maersk AS, CMA CGM Group, COSCO Shipping International Co. Ltd., Evergreen Group, Hapag-Lloyd AG, Hyundai Merchant Marine (Europe) Ltd., MSC Mediterranean Shipping Co. SA, Ocean Network Express Pte. Ltd., Yang Ming Marine Transport Corp., and ZIM Integrated Shipping Services Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Digital shipping lines - Market size and forecast 2020-2025
    • Digital freight forwarders - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • A.P. Moller - Maersk AS
      • CMA CGM Group
      • COSCO Shipping International Co. Ltd.
      • Evergreen Group
      • Hapag-Lloyd AG
      • Hyundai Merchant Marine (Europe) Ltd.
      • MSC Mediterranean Shipping Co. SA
      • Ocean Network Express Pte. Ltd.
      • Yang Ming Marine Transport Corp.
      • ZIM Integrated Shipping Services Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The digital shipment market growth will increase by $11.04 billion during 2019-2024.
      The digital shipment market is expected to grow at a CAGR of 10.20% during 2019-2024.
      Technavio has segmented the digital shipment market by type (Digital shipping lines and Digital freight forwarders) ,distribution channel (Offline distribution channel and Online distribution channel) , and geographic (APAC, North America, Europe, and South America).
      A.P. Moller - Maersk AS, COSCO SHIPPING International (Hong Kong) Co. Ltd., CMA CGM Group, Evergreen Group, Hapag Lloyd, HYUNDAI Merchant Marine Co. Ltd., Mediterranean Shipping Co. SA, Ocean Network Express Pte. Ltd., Yang Ming Marine Transport Corp., ZIM Integrated Shipping Services Ltd. are a few of the key vendors in the digital shipment market.
      APAC will register the highest growth rate of 41.47% among the other regions. Therefore, the digital shipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the digital shipment market growth are:
      • Increasing customer demand for faster and more streamlined services
      • Globalization in the supply chain
      The digital shipment market vendors should focus on grabbing business opportunities from the digital shipping lines segment as it accounted for the largest market share in the base year.
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