Global Dry Bulk Shipping Market Insights, Forecast to 2029

Dry Bulk Shipping Market Outlook 2021

A bulk carrier is a seagoing vessel that is specially designed to transport unpackaged bulk cargo such as grains, coal, ore, and cement in its cargo holds. A dry bulk shipping company such as Golden Ocean Group simply owns a fleet of these ships that it then uses to transport bulk cargo for a customer in exchange for money. As these shipping firms effect the transport of large quantities of these goods across the oceans and between different companies, they are critical to international trade.

Market Analysis and Insights: Global Dry Bulk Shipping Market
The global Dry Bulk Shipping market is projected to grow from US$ 4333.9 million in 2023 to US$ 5066.3 million by 2029, at a Compound Annual Growth Rate (CAGR) of 2.6% during the forecast period.

The dry bulk shipping industry appears to be quite strong, with slowly increasing global trade volumes.

Time charter rates were broadly lower in the first quarter 2018 compared to the fourth quarter 2017 but this does not appear to be due to lower shipping volume.

The number of Capesize ships in the global fleet is expected to steadily increase over the next few years.

Report Includes
This report presents an overview of global market for Dry Bulk Shipping market size. Analyses of the global market trends, with historic market revenue data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.

This report researches the key producers of Dry Bulk Shipping, also provides the revenue of main regions and countries. of the upcoming market potential for Dry Bulk Shipping, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Dry Bulk Shipping revenue, market share and industry ranking of main companies, data from 2018 to 2023. Identification of the major stakeholders in the global Dry Bulk Shipping market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by type and by application, revenue, and growth rate, from 2018 to 2029. Evaluation and forecast the market size for Dry Bulk Shipping revenue, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including Diana Shipping, Dry Ships, Inc., Genco Shipping & Trading Ltd, Baltic Trading, Navios Maritime Holdings and Star Bulk Carriers, etc.