Global Sea-based Vehicle Carrier Market 2018-2022

Technavio’s market research analysts predict that the sea-based vehicle carrier market will grow by USD 2,497 million till the end of the forecast period. This market research report presents a comprehensive analysis of the global sea-based vehicle carrier market by product such as Ro-Ro ships and Lo-Lo ships. The report also presents a detailed analysis of the market’s growth prospects across regions such as the Americas, APAC, and EMEA.

The infographic below contains key findings from our analysis of the sea-based vehicle carrier market

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Overview of the global sea-based vehicle carrier market

Several major players in the vehicle shipping industry are increasingly focusing on capturing larger market share and strategic partnerships and acquisitions due to the low car freight rates, low profitability or delays in return of investments, and the need for high capital investments. This minimizes the cost of scrapping the ships lying idle in ports and cut down the excess capacity in vessels, which in turn, will positively influence the market. Technavio’s market research report identifies that the consolidation in the shipping industry will be one of the primary growth drivers for the global sea-base vehicle carrier market till 2022. Technavio’s market research analysts predict that the market will grow at a CAGR of more than 5% by 2022.

The demand for electric vehicles (EV) is increasing with the growth in the automobile industry. However, EVs and hybrid vehicles are expensive and more difficult to transport in comparison to other vehicles. This is due to the presence of heavier weight lithium-ion batteries and the need for expertise during loading and offloading, which in turn, enable shipping companies to generate more revenue by transporting EVs and hybrid vehicles. The rising demand for EVs is identified as one of the key trends that will gain traction in the sea-base vehicle carrier market during the projected period.

Companies covered

The sea-based vehicle carrier market is characterized by the presence of a large number of vendors. The market research report provides analysis of key auto transport companies of the market and the strategies they follow to sustain in the competitive environment of the roll-on roll-off market. The report also offers information about various research and developmental activities the players focus on to come up with innovative solutions. 

This research report provides an analysis of various companies in the market including

• A.P. Moller-Maersk
• CEVA Logistics
• "K" Line Logistics
• MSC
• NYK Line
• Sinotrans Logistics

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Segmentation by geography and analysis of the sea-based vehicle carrier market

• Americas
• APAC
• EMEA

In terms of geography, the roll-on roll-off market is witnessing growth in the APAC region and will continue to grow in this region during the estimated period due to growth in the automobile industry in various leading countries such as Japan, India, and China.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global sea-based vehicle carrier market?
• What are the key market trends impacting the growth of the global sea-based vehicle carrier market?
• What are the challenges to market growth?
• Who are the key vendors in the global sea-based vehicle carrier market?
• What are the market opportunities and threats faced by the vendors in the global sea-based vehicle carrier market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global sea-based vehicle carrier market?

Technavio also offers customization on reports based on specific client requirement.