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Ocean Freight Market is Expected to Grow at High CAGR During 2027 – DB Schenker, Global Shipping Services, KUEHNE NAGEL, Kvaver, Nippon Express and United Parcel Service of America

The Insight Partners syndicated research service provides complete solution to the client requirements through their experienced analyst team. Ocean Freight Market Research report provides in-depth analysis on the topic and discuss drivers, restraints and opportunities available in the market. The service is designed to help our clients in their decision support system. The analysis also cover the complete spectrum of the research topic to help our clients meeting their business objective.

Ocean freight is the most common method of transportation used by exporters and importers to transport goods through seaways. In comparison to other freight services the ocean freight is cheaper, requires less maintenance, and is ideal for transporting bulky goods. The increasing focus towards reaching the global market is aiding the growth of ocean freight market. The ocean freight market is saturated and some of the major players holds the significant market share making it difficult for the smaller players to compete.

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The increasing demand for reaching the global customer, cost optimization, and bulk transport of goods are expected to influence the ocean freight market positively. However, slow speed and risk related to the ocean freight are the significant factors that might hinder the growth of the ocean freight market. The growing popularity of cross border e-commerce sector is the factor that is creating opportunities for the companies operating in the ocean freight market to gain a strong customer base and generate more revenues.

The global ocean freight market is segmented on the basis of offering, carrier type, freight type, and industry vertical. Based offering, the market is segmented as solution and service. On the basis of the carrier type the market is segmented as containers, bulk carriers, tankers, and others. On the basis of freight type the market is divided into less than container load LCL, full container load FCL, and others. On the basis of industry vertical the market is segmented as automotive, manufacturing, electrical and electronics, government, and others.

Top Dominating Key Players:

  1. A.P. Moller Maersk
  2. DB Schenker
  3. Deutsche Post AG DHL Group
  4. Expeditors International of Washington Inc.
  5. Global Shipping Services LLC
  7. Kvaver LTD.
  8. Nippon Express
  9. Panalpina World Transport Holding Ltd.
  10. United Parcel Service of America Inc.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global ocean freight market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The ocean freight market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting ocean freight market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the ocean freight market in these regions.

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Reasons to Buy the Report:

  • Learn about the driving factors, affecting the market growth.
  • Imbibe the advancements and progress in the market during the forecast period.
  • Understand where the market opportunities lies.
  • Compare and evaluate various options affecting the market.
  • Pick up on the leading market players within the market.
  • Envision the restrictions and restrains that are likely to hamper the market.

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