According to the report, Fluctuating Scrapping Rate
is one of the primary growth factors for the market. Increasing Global GDP
is also expected to contribute significantly to the Dry Bulk Shipping market. Overall, Iron Ore
applications of Dry Bulk Shipping, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Vessel Type, such as Capesize, is boosting the Dry Bulk Shipping market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Commodity Type, such as Iron ore, is boosting the Dry Bulk Shipping market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Dry Bulk Shipping market identified that the demand is rising in many different parts of the world as "Emerging Demand from Economies". Furthermore, some recent industry insights like "On 19 November 2018, Diana Shipping Inc., a worldwide shipping firm focusing in the ownership of dry bulk vessels, has announced the agreement with Berge Bulk Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Sideris GS, for a period until 2020. and On August 15, 2018, Genco Shipping & Trading Limited, a leading dry bulk shipping company has announced the delivery of the Genco Endeavour and the Genco Resolute, both of which are 2015-built 180,000 dwt Capesize vessels." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Dry Bulk Shipping market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
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 Dry Bulk Shipping market and other related sub-markets covered in the study.
o Key & emerging players in the 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 market size is calculated using market estimation process, the 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 market size has been validated using both top-down and bottom-up approaches.