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Dry Bulk Shipping Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71841
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The dry bulk shipping market share is expected to increase by USD 930.41 million from 2021 to 2026, at a CAGR of 3.59%.

This dry bulk shipping 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 dry bulk shipping market segmentation by type (capesize, panama, supramax, and handysize) and geography (APAC, Europe, North America, South America, and MEA). The dry bulk shipping market report also offers information on several market vendors, including Bulk Marine, Dampskibsselskabet Norden A/S, Diana Shipping Inc., Egon Oldendorff Management GmbH, Golden Ocean Group Ltd, Mitsui O.S.K. Lines Ltd., Nippon Yusen Kabushiki Kaisha, Pacific Basin Shipping Limited., Star Bulk Carriers Corp, and Western Bulk among others.

What will the Dry Bulk Shipping Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Dry Bulk Shipping Market Size for the Forecast Period and Other Important Statistics

 

Dry Bulk Shipping Market: Key Drivers and Trends

The rising seaborne trade across the world is notably driving the dry bulk shipping market growth, although factors such as volatility in steel prices 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 dry bulk shipping industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Dry Bulk Shipping Market Driver

The increase in the seaborne trade across the world is one of the key drivers for the dry bulk shipping market share growth. Cargoes through seaways can be transported in dry containers with minimal cargo damage than the barges and other shipping vessels. Moreover, seaborne trade plays a vital role in economic growth in various countries and distant suppliers have made it necessary for delivering goods through seaways. Goods such as coal, grains, and ores are also transported through container ships in bulk. Thus, transportation through seaways is expected to drive the dry bulk shipping market growth during the forecast period.

Key Dry Bulk Shipping Market Challenge

The volatile prices of steel pipes is one of the key challenges for the dry bulk shipping market share growth. Steel extracted from iron ore is a key raw material for manufacturing dry carriers. Moreover, steel is considered to be the second-highest price-fluctuating commodity after oil, and this will negatively affect the profits margins of the shipping container manufacturers. Hence, the prices of steel are required to be moderate and stable to obtain healthy financial operations for shipping container manufacturers. Thus, the volatility of steel prices is estimated to create a challenge and impact negatively on the dry bulk shipping market during the forecast period. 

This dry bulk shipping 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 2022-2026.

Who are the Major Dry Bulk Shipping Market Vendors?

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

 

  • Bulk Marine
  • Dampskibsselskabet Norden A/S
  • Diana Shipping Inc.
  • Egon Oldendorff Management GmbH
  • Golden Ocean Group Ltd
  • Mitsui O.S.K. Lines Ltd.
  • Nippon Yusen Kabushiki Kaisha
  • Pacific Basin Shipping Limited.
  • Star Bulk Carriers Corp
  • Western Bulk

 

This statistical study of the dry bulk shipping market encompasses successful business strategies deployed by the key vendors. The dry bulk shipping market is fragmented and the vendors are deploying organic and inorganic growth strategies 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 dry bulk shipping 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 Dry Bulk Shipping Market?

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57% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for dry bulk shipping market in APAC. Market growth in this region will be slower than the growth of the market in North America.

The high population creating the need for commodities will facilitate the dry bulk shipping 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 Dry Bulk Shipping Market?

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The dry bulk shipping market share growth by the capsize will be significant during the forecast period. The ships belonging to the largest class are known as capsize. These ships can carry a variety of cargos in bulk predominantly. The rise in industrialization and liberalization of emerging economies has resulted in an increase in demand for commodities such as coal and iron ore. Moreover, these large-sized vessels have to be passed through the Cape of Good Hope as they are unable to pass through narrow channels such as Panama. Therefore, the vast size of the capsize vessels is expected to drive the segment to fuel up the dry bulk shipping market growth during the forecast period.

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

 

Dry Bulk Shipping Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 3.59%

Market growth 2022-2026

$ 930.41 million

Market structure

Fragmented

YoY growth (%)

3.97

Regional analysis

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

Performing market contribution

APAC at 57%

Key consumer countries

China, US, Germany, India, and Denmark

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Bulk Marine, Dampskibsselskabet Norden A/S, Diana Shipping Inc., Egon Oldendorff Management GmbH, Golden Ocean Group Ltd, Mitsui O.S.K. Lines Ltd., Nippon Yusen Kabushiki Kaisha, Pacific Basin Shipping Limited., Star Bulk Carriers Corp, and Western Bulk

Market dynamics

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Dry Bulk Shipping Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive dry bulk shipping market growth during the next five years
  • Precise estimation of the dry bulk shipping market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the dry bulk shipping industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of dry bulk shipping market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    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
    • Capesize - Market size and forecast 2021-2026
    • Panama - Market size and forecast 2021-2026
    • Supramax - Market size and forecast 2021-2026
    • Handysize - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Bulk Marine
      • Dampskibsselskabet Norden A/S
      • Diana Shipping Inc.
      • Egon Oldendorff Management GmbH
      • Golden Ocean Group Ltd
      • Mitsui O.S.K. Lines Ltd.
      • Nippon Yusen Kabushiki Kaisha
      • Pacific Basin Shipping Limited.
      • Star Bulk Carriers Corp
      • Western Bulk

      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
      Technavio

      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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

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

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The dry bulk shipping market growth will increase by $930.41 million during 2021-2026.
      The dry bulk shipping market is expected to grow at a CAGR of 3.59% during 2021-2026.
      Technavio has segmented the dry bulk shipping market by type (Capesize, Panama, Supramax, and Handysize) and geographic (APAC, Europe, North America, South America, and MEA).
      Bulk Marine, Dampskibsselskabet Norden A/S, Diana Shipping Inc., Egon Oldendorff Management GmbH, Golden Ocean Group Ltd, Mitsui O.S.K. Lines Ltd., Nippon Yusen Kabushiki Kaisha, Pacific Basin Shipping Limited., Star Bulk Carriers Corp, Western Bulk are a few of the key vendors in the dry bulk shipping market.
      APAC will register the highest growth rate of 57.46% 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.
      • China
      • US
      • Germany
      • India
      • Denmark
      The key factors driving the dry bulk shipping market growth are:
      • Rising seaborne trade across the world
      The dry bulk shipping market vendors should focus on grabbing business opportunities from the capesize segment as it accounted for the largest market share in the base year.
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