Shipbroking Market by Application, End-user, and Geography - Forecast and Analysis 2023-2027

Published: Dec 2022 Pages: 164 SKU: IRTNTR45331

The global shipbroking market size is estimated to grow by  USD 244.12 million between 2022 and 2027 at a CAGR of 2.95%. The growth of the market depends on several factors, including the demand for key value addition in the shipping process, the growth in the global economy, and the increased demand for seaborne trade.

This shipbroking market research report extensively covers market segmentation by application (bulker, tanker, and others), end-user (oil and gas, manufacturing, aerospace and defense, and others), and geography (Europe, APAC, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Shipbroking Market Size During the Forecast Period?

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Shipbroking Market: Key Drivers, Trends, Challenges, and Customer Landscape

 Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Shipbroking Market Drivers

The demand for significant value creation in the shipping process is the key factor behind the growth of the global ship brokerage market. One of the key roles of shipbrokers in the maritime sector is to act as risk management advisers to charterers. The shipping business is ridden with a lot of risks, such as hull risks, fire risks, liability risks, as well as other third-party risks. All these risks must be taken into account in the contract terms. Shipbrokers must recommend appropriate insurance to charterers for effective risk management, which is one of the shipbroker's key functions. As such, ship brokerage is a very central function in the shipping process.

Moreover, due to the inherent complexity and range of their roles, these brokers not only have various formal qualifications but also extensive experience and global connections throughout the maritime sector. In addition, the shipping industry is becoming more customer oriented. Therefore, the value creation of these ship brokers is one of the driving forces for the global ship broker market during the forecast period.

Significant Shipbroking Market Trends

The implementation of advanced technology is a primary trend in the global ship brokerage market. Increased innovation and technological advances are expected to pave the way for the adoption of advanced business solutions around the world. With increased investment in research and development, technological advancements in the maritime sector are spreading faster. Modern ships are getting smarter as they are increasingly connected to intelligent systems such as advanced sensor systems, drones, satellites, and other robotic devices. Vessels are integrating analytics solutions that enable them to gain useful insights and make intelligent decisions. Our shipping ports are largely automated, using technology-driven solutions for process optimization and efficiency.

Moreover, with the advent of computerized systems, big data analytics, and real-time availability of maritime data, the entire industry has gained transparency and visibility into global market and price trends. Moreover, the blockchain concept is expected to be the biggest innovation for the shipping industry since containerization. This is expected to improve the efficiency of the entire ship placement and shipping process. In addition, operating costs for ship brokers should be reduced and higher profits achieved.

Major Shipbroking Market Challenges

Growing reliance on global macroeconomic factors poses a major challenge to the growth of the global ship brokerage market. The increasing reliance on global macroeconomic factors has made the ship brokerage market vulnerable to various uncertainties and risks that can lead to economic downturns and affect trading activity. Any decline in global economic growth, investment, or trade will, therefore, have a negative impact on the shipping industry as a whole.

In addition, key macroeconomic risks include the ongoing rebalancing of the Chinese economy, Brexit, and an unstable US political framework. Ultimately, Brexit will lead to the imposition of trade barriers between the UK and the EU, which is expected to have a negative impact on the shipping industry as a whole. Similarly, the current US administration's pro-protectionist policies are detrimental to regional and global trade activity. Such factors will hinder market growth during the forecast period.

Key Shipbroking Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Shipbroking Market Customer Landscape

Who are the Major Shipbroking Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Agoraships - The company offers broking services such as dry bulk cargo chartering, coal, iron ore, steels, sugar, biofuels, and tanker chartering. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Aries Shipbroking (Asia) Pte Ltd.
  • Braemar Shipping Services Plc
  • BRS Group
  • Chowgule Brothers Pvt. Ltd.
  • Clarkson PLC
  • E.A. Gibson Shipbrokers Ltd.
  • Fearnleys AS
  • Galbraiths Ltd.
  • Howe Robinson Partners Pte Ltd.
  • INTEROCEAN
  • Lorentzen & Stemoco AS
  • Maersk Broker KS
  • Maritime London Ltd.
  • McQuilling Partners Inc.
  • Poten and Partners Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Shipbroking Market?

The shipbroking market share growth by the bulker segment will be significant during the forecast period. The bulker segment is driven by the growth in demand for dry bulk seaborne trade across the world, the dry bulk fleet size, and global infrastructural activity. One of the most important drivers for the bulker segment was the strengthening of the dry bulk market in 2021, backed by rebounding global economic growth and the restraint in capacity supply with subdued fleet growth.

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The bulker segment was valued at USD 508.39 million in 2017 and continue to grow by 2021. The bulker segment is increasingly affected by the needs and wants of people across the world in terms of dry bulk. Any natural calamity, such as floods or failure of a crop in a country, may impact the whole segment negatively. As such, the bulker shipbroker must have sound knowledge of the global economy and developments across the world. These dry commodities comprise but are not limited to coal, grain, sugar, fertilizer, and iron ore. These factors will facilitate segment growth during the forecast period.

Which are the Key Regions for the Shipbroking Market?

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Europe is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The shipbroking industry in Europe is driven by the growth in seaborne trade and the maturity of the shipping industry in the region in terms of the number of major ship-owning countries. The presence of the global top five countries in vessel ownership is expected to drive the overall shipbroking market in the region. Germany has the largest number of container fleets in the world. In addition, intra-regional trade activities are increasing in the region, especially between developed economies such as Germany, Belgium, Spain, and the Netherlands. In the European Union (EU), around 90% of the external freight trade is carried out through the maritime route.

In the last quarter of 2020, with the introduction of COVID-19 vaccines, lockdowns were lifted in most parts of the region, which allowed companies in various industries to resume their operations while adhering to government safety guidelines to mitigate the risk of COVID-19. With the removal of lockdown restrictions, the vendors are reopening the production plants to manufacture ships and boats. The supply chain for the transportation industry resumed operations, which positively impacted the growth of the regional shipbroking market. With the increase in trade, more ships and boats were needed, which increased the demand for shipbroking services. Owing to these factors, the growth of the market in focus is expected to remain moderate during the forecast period.

Segment Overview

The shipbroking market research report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Application (Bulker, Tanker, and Others), End-user (Oil and gas, Manufacturing, Aerospace and defense, and Others), and Geography (Europe, APAC, North America, Middle East and Africa, and South America).

  • Application Outlook (USD Million, 2017 - 2027)
    • Bulker
    • Tanker
    • Others
  • End-user Outlook (USD Million, 2017 - 2027)
    • Oil and gas
    • Manufacturing
    • Aerospace and defense
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Shipbroking Market Scope

Report Coverage

Details

Page number

164

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 2.95%

Market growth 2023-2027

USD 244.12 million

Market structure

Fragmented

YoY growth 2022-2023(%)

2.8

Regional analysis

Europe, APAC, North America, Middle East and Africa, and South America

Performing market contribution

Europe at 49%

Key countries

US, Singapore, China, UK, and Norway

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AGORA SHIPBROKING Corp., Aries Shipbroking (Asia) Pte Ltd., Braemar Shipping Services Plc, BRS Group, Chowgule Brothers Pvt. Ltd., Clarkson PLC, E.A. Gibson Shipbrokers Ltd., Fearnleys AS, Galbraiths Ltd., Howe Robinson Partners Pte Ltd., INTEROCEAN, Lorentzen and Stemoco AS, Maersk Broker KS, Maritime London Ltd., McQuilling Partners Inc., Poten and Partners Inc., Seacore Shipbrokers Ltd., SHIPLINKS, Simpson Spence Young Ltd., and SPI Marine (UK) Ltd.

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, and 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 Shipbroking Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the shipbroking market between 2023 and 2027
  • Precise estimation of the size of the shipbroking market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across Europe, APAC, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of shipbroking market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global shipbroking market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global shipbroking market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Bulker - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Bulker - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Bulker - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Bulker - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Bulker - Year-over-year growth 2022-2027 (%)
    • 6.4 Tanker - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Tanker - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Tanker - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Tanker - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Tanker - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 49: Chart on Comparison by End-user
      • Exhibit 50: Data Table on Comparison by End-user
    • 7.3 Oil and gas - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Oil and gas - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Oil and gas - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)
    • 7.4 Manufacturing - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Manufacturing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Manufacturing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Manufacturing - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)
    • 7.5 Aerospace and defense - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 67: Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 UK - Market size and forecast 2022-2027
      • Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.9 Singapore - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Singapore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Singapore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Singapore - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Singapore - Year-over-year growth 2022-2027 (%)
    • 9.10 Norway - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Norway - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Norway - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Norway - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Norway - Year-over-year growth 2022-2027 (%)
    • 9.11 US - Market size and forecast 2022-2027
      • Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.12 China - Market size and forecast 2022-2027
      • Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 AGORA SHIPBROKING Corp.
              • Exhibit 120: AGORA SHIPBROKING Corp. - Overview
              • Exhibit 121: AGORA SHIPBROKING Corp. - Product / Service
              • Exhibit 122: AGORA SHIPBROKING Corp. - Key offerings
            • 12.4 Aries Shipbroking (Asia) Pte Ltd.
              • Exhibit 123: Aries Shipbroking (Asia) Pte Ltd. - Overview
              • Exhibit 124: Aries Shipbroking (Asia) Pte Ltd. - Product / Service
              • Exhibit 125: Aries Shipbroking (Asia) Pte Ltd. - Key offerings
            • 12.5 Braemar Shipping Services Plc
              • Exhibit 126: Braemar Shipping Services Plc - Overview
              • Exhibit 127: Braemar Shipping Services Plc - Business segments
              • Exhibit 128: Braemar Shipping Services Plc - Key offerings
              • Exhibit 129: Braemar Shipping Services Plc - Segment focus
            • 12.6 BRS Group
              • Exhibit 130: BRS Group - Overview
              • Exhibit 131: BRS Group - Product / Service
              • Exhibit 132: BRS Group - Key offerings
            • 12.7 Chowgule Brothers Pvt. Ltd.
              • Exhibit 133: Chowgule Brothers Pvt. Ltd. - Overview
              • Exhibit 134: Chowgule Brothers Pvt. Ltd. - Product / Service
              • Exhibit 135: Chowgule Brothers Pvt. Ltd. - Key offerings
            • 12.8 Clarkson PLC
              • Exhibit 136: Clarkson PLC - Overview
              • Exhibit 137: Clarkson PLC - Business segments
              • Exhibit 138: Clarkson PLC - Key offerings
              • Exhibit 139: Clarkson PLC - Segment focus
            • 12.9 E.A. Gibson Shipbrokers Ltd.
              • Exhibit 140: E.A. Gibson Shipbrokers Ltd. - Overview
              • Exhibit 141: E.A. Gibson Shipbrokers Ltd. - Product / Service
              • Exhibit 142: E.A. Gibson Shipbrokers Ltd. - Key offerings
            • 12.10 Fearnleys AS
              • Exhibit 143: Fearnleys AS - Overview
              • Exhibit 144: Fearnleys AS - Product / Service
              • Exhibit 145: Fearnleys AS - Key offerings
            • 12.11 Galbraiths Ltd.
              • Exhibit 146: Galbraiths Ltd. - Overview
              • Exhibit 147: Galbraiths Ltd. - Product / Service
              • Exhibit 148: Galbraiths Ltd. - Key offerings
            • 12.12 Howe Robinson Partners Pte Ltd.
              • Exhibit 149: Howe Robinson Partners Pte Ltd. - Overview
              • Exhibit 150: Howe Robinson Partners Pte Ltd. - Product / Service
              • Exhibit 151: Howe Robinson Partners Pte Ltd. - Key offerings
            • 12.13 Lorentzen and Stemoco AS
              • Exhibit 152: Lorentzen and Stemoco AS - Overview
              • Exhibit 153: Lorentzen and Stemoco AS - Product / Service
              • Exhibit 154: Lorentzen and Stemoco AS - Key offerings
            • 12.14 Maersk Broker KS
              • Exhibit 155: Maersk Broker KS - Overview
              • Exhibit 156: Maersk Broker KS - Product / Service
              • Exhibit 157: Maersk Broker KS - Key offerings
            • 12.15 McQuilling Partners Inc.
              • Exhibit 158: McQuilling Partners Inc. - Overview
              • Exhibit 159: McQuilling Partners Inc. - Product / Service
              • Exhibit 160: McQuilling Partners Inc. - Key offerings
            • 12.16 Poten and Partners Inc.
              • Exhibit 161: Poten and Partners Inc. - Overview
              • Exhibit 162: Poten and Partners Inc. - Product / Service
              • Exhibit 163: Poten and Partners Inc. - Key offerings
            • 12.17 Simpson Spence Young Ltd.
              • Exhibit 164: Simpson Spence Young Ltd. - Overview
              • Exhibit 165: Simpson Spence Young Ltd. - Product / Service
              • Exhibit 166: Simpson Spence Young Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 167: Inclusions checklist
                • Exhibit 168: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 169: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 170: Research methodology
                • Exhibit 171: Validation techniques employed for market sizing
                • Exhibit 172: Information sources
              • 13.5 List of abbreviations
                • Exhibit 173: List of abbreviations
              • adoption of multichannel marketing strategies: The key vendors in the market are striving to expand their target customer base by investing in marketing and promotional activities. Large specialized consumer service providers aim at strengthening their presence by investing in brand visibility activities, celebrity endorsements, and marketing through channels such as television, radio, the Internet, print media, posters, and direct mails. The competitors also use a targeted advertising approach and launch advertisements that are designed and crafted to promote the services and communicate the brand positioning.
                • attrition and training: Professional, skilled, and unskilled workforce is required to provide specialized consumer services. However, there is a shortage of skilled and professional workforce to meet the demand. For instance, in security services, a skilled workforce is required when new monitoring devices and security gadgets are developed and adopted. Several vendors provide rigorous training to their employees about the handling of critical tasks while serving specialized consumer services. However, the retention of such a workforce is a major challenge.

                  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.

                  INFORMATION 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

                  DATA 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

                  REPORT 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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                  Key Questions Answered

                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?

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