Cargo Shipping Market worth 12.52 Billion Ton by 2021 Cargo shipping market is projected to reach 12.52 billion tons at CAGR of 3.5% from 2016 to 2021. The cargo shipping market is estimated to gain momentum from 2018 onwards after years of sluggish growth. Global economic growth, rise in the global commodity demand that results in increased seaborne trade that ultimately act as key drivers of the growth of global cargo shipping trade. The study segments the cargo shipping trends on the basis of cargo type, industry type, and major trade routes. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 to 2021.
Get 10% free customization on this report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=190627684 Browse 57 market data Tables and 29 Figures spread through 118 Pages and in-depth TOC on "Cargo Shipping Market by Cargo Type (Liquid, Dry, General, Container), Industry Type (Food, Electrical/Electronics, Mineral Fuels & Oils, Manufacturing), Trade Routes, Infrastructure, Regulations, and by Freight Forwarding - Global Trends and Forecast to 2021" The constantly increasing containerized trade coupled with the rising trend of port automation to cope up with the increased demand has led to growing size of port terminals to accommodate the goods, which, in turn, is driving the demand for cargo shipping market globally.