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Global Marine Freight

Published: 23 June 2021 Code: GD0199-2101IP

Globaldata's Global Marine Freight Report provides key insights into the marine freight industry, including market value, category and geography segmentation.

The global marine freight sector saw a decline in growth in 2020, however at an improved rate to the previous year. The future of the sector is expected to be volatile, with a huge boom in growth in 2021 followed by negative growth over the remainder of the forecast period to 2025. The COVID-19 pandemic has strongly impacted the marine freight sector on a global scale, The United Nations Trade and Development Division estimates that the world’s ports handle around 70% of global merchandise by value, meaning that marine freight is particularly affected by disruptive factors such as pandemics.

Access our free report for more insights into the Five Force Analysis model, competitive landscape and company profiles of leading players in the industry.

Industry performance is projected to decline, with a five-year CAGR of 5.7%. The period of 2025 to 2020. This is expected to value the industry at $770 billion by the end of 2025. By comparison, manufacturing in the Asia Pacific region will decline by 0.3% CARC and manufacturing in the United States will increase by 1%. The CAGR was 4.3% over the same period, reaching $ 234.5 billion and $162.6 billion in 2025, respectively.

View our free report for additional key findings discussed in the report:

  • Market value: The global marine freight industry shrank by 4.3% in 2020 to reach a value of $582.6 billion. The compound annual growth rate of the industry in the period 2016–20 was 6%
  • Category segmentation: Containerized is the largest segment of the global marine freight industry, accounting for 68.4% of the industry's total value. The Dry bulk segment accounts for the remaining 31.6% of the industry
  • Buyer power: Players in the global marine freight sector cater primarily to large corporate customers that import and export huge quantities of raw materials like chemicals, petroleum products, coal, and a range of other commodity goods

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