(Entertainment-NewsWire.com, August 21, 2024 ) Cargo Shipping Market was valued at USD 12.81 Billion tons in 2023. Global Cargo Shipping Market size is estimated to grow at a CAGR of 4.6 % over the forecast period, as per Stellar market research.
Asia Cargo Shipping Market dominated the market in 2023 with a 39.55% share; China holds the largest Cargo Transportation Industry on a global level. The US-China tariff tensions may disrupt trade flows, with the Middle East & Africa showing rapid growth in the forecast period.
Digital transformations and efficient technology are important drivers for the Cargo Shipping Market, whereas global trade tensions and strict emission regulations are the main restrictions on the market.
Stellar Market Research is leading Automotive & Transportation research firm, has also published the following reports:
Cargo Transportation Market size was valued at USD 23.84 Bn. in 2023 and the total Cargo Transportation Market size is expected to grow at a CAGR of 10.20% from 2024 to 2030, reaching nearly USD 47.06 Bn. by 2030.
The Maritime Freight Transport Market size was valued at USD 365.85 Bn. in 2023 and the total Global Maritime Freight Transport Market revenue is expected to grow at a CAGR of 4.33% from 2024 to 2030, reaching nearly USD 492.24 Bn. by 2030.
About Stellar Market Research
Stellar Market Research is a Pune-based research firm. The company provides B2B and B2C research and reports on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies. The topics include Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defence, and other manufacturing sectors.
