According to the study, Rising demand for E-Commerce
is one of the primary growth factors for the market. Developing economies' increased investment in port infrastructure is also expected to contribute significantly to the Ocean Freight- market. Overall, applications of Ocean Freight-, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Mediterranean Shipping Company (MSC) (Switzerland), Maersk (Denmark), CMA CGM (France), Hapag-Lloyd (Germany), HMM Co. Ltd (South Korea), Wan Hai Lines (Taiwan), IRISL Group (Iran), Unifeeder (Denmark), Matson (United States) and Emirates Shipping Line (United Arab) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Ocean Freight- market identified that the demand is rising in many different parts of the world as "Accuracy of GPS
". Furthermore, some recent industry insights like "In November 2020, Maersk launched a new ocean shipping service to connect India–UAE–Saudi Arabia corridor Shaheen Express started. The ‘Shaheen Express will rotate between Mundra, Pipavav, Jebel Ali, Dammam, and Jebel Ali and back to Mundra, creating a stable and reliable service for the India-UAE-Saudi Arabia corridor. The new service aimed at addressing rising demand for customers trading between the Indian and the Gulf markets., and In July 2021, Matson Inc. launched an express vessel service into northern California designed to help U.S. importers move stranded shipments from China as the ocean container market experiences ongoing bottlenecks that are doubling normal delivery times and leading to stockouts for retailers. Matson is redeploying three small vessels, two with a capacity for 2,750 twenty-foot equivalent units as well as the 2,800-TEU Mahimahi. Matson was able to free up capacity by pulling from reserve vessels and adjusting its schedule." is constantly making the industry dynamic. One of the challenges that industry facing is "Limited Ship capacity and Regulatory Challenges in Certain Countries"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Ocean Freight- market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Ocean Freight- market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Ocean Freight- market tight? Which application/end-user category or Product Type [Container ship, Bulk carrier, Tanker, Cargo ship, Oil Tanker and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Ocean Freight- market and other related sub-markets covered in the study.
o Key & emerging players in the Ocean Freight- market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Ocean Freight- market size is calculated using market estimation process, the Ocean Freight- market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Ocean Freight- market size has been validated using both top-down and bottom-up approaches.