Dry Bulk Shipping Market by Type, Vessel Orientation, and Geography - Forecast and Analysis 2023-2027

  • Published: Apr 2023
  • Pages: 176
  • SKU: IRTNTR71841

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Dry Bulk Shipping market growth will increase by $3304.17 million during 2023-2027.
The dry bulk shipping market is expected to grow at a CAGR of 3.87% during 2023-2027.
Technavio has segmented the dry bulk shipping market by type (Iron ore, Coal, Grains, Bauxite, and Others) ,vessel orientation (Capesize, Panama, Supramax, Handysize, and MEA) , and geography (APAC, Europe, North America, South America, and Middle East and Africa).
Aspo Plc, Belships ASA, Berge Bulk Ltd., Bulk Marine, Dampskibsselskabet Norden AS, Diana Shipping Inc., Eagle Bulk Shipping Inc., Egon Oldendorff Management GmbH, Genco Shipping and Trading Ltd., Globus Maritime Ltd., Golden Ocean Group Ltd., Gulf Agency Co. Ltd., Marquette Transportation Co. LLC, Masterbulk NV, Mitsui and Co. Ltd., Naviera Ultranav Ltda., Nippon Yusen Kabushiki Kaisha, Pacific Basin Shipping Ltd., Star Bulk Carriers Corp., Western Bulk Management AS are a few of the key vendors in the dry bulk shipping market.
APAC will register the highest growth rate of 56.13% among the other regions. Therefore, the dry bulk shipping market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • India
  • Germany
  • Denmark
The key factors driving the dry bulk shipping market growth are:
  • Rising seaborne trade across the world
  • Increasing use of container security and tracking solutions
The dry bulk shipping market vendors should focus on grabbing business opportunities from the Iron ore segment as it accounted for the largest market share in the base year.
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