Maritime Freight Transport Market Report 2025 (Global Edition)

Global Maritime Freight Transport Market Report 2025 Market Size Split by Cargo Type (Dry Bulk, Liquid Bulk, Containerized Goods, General Cargo), by Vessel Type (Container Ships, Bulk Carriers, Tanker...

Maritime Freight Transport Market Report Description

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Maritime Freight Transport Market Insights Video

Competitive Landscape of the Maritime Freight Transport Market

The competitive landscape of the Maritime Freight Transport market is dominated by major global shipping lines like Maersk, MSC, and CMA CGM, which lead with extensive fleets and international networks. Competition is driven by fleet size, operational efficiency, and service coverage. Innovations in technology, sustainability practices, and customer service are key differentiators. Additionally, strategic alliances, mergers, and investments in port infrastructure play a crucial role in shaping the market dynamics and competitiveness.

March 2024: Aramex expanded its footprint in Saudi Arabia by opening a new regional office in Riyadh. This move aims to enhance its ability to serve both new and existing clients in the region. It also supports the Kingdom's logistics infrastructure development and contributes to Vision 2030, which seeks to position Saudi Arabia as a global logistics hub. (Source: https://ti-insight.com/aramex-opens-new-regional-office-in-riyadh/)

August 2023: Apeejay Shipping Ltd (ASL) has declared that it has taken delivery of a Japanese-built vessel with a deadweight of 76,812 MT. The ship increases a lot of firepower to the company's fleet, which is now 10-strong and has an aggregate deadweight tonnage (dwt) of 671,332 MT.
(Source:https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/apeejay-shipping-acquires-japanese-built-vessel-to-pursue-further-fleet-growth/articleshow/103070558.cms?from=mdr )

October 2022: Lomar Shipping, a Libra Group maritime subsidiary, has purchased the German company Carl Büttner Holding GmbH & Co. KG in Bremen. The 166-year-old ship-owner and manager with a solid maritime heritage and technical management expertise was acquired by Lomar in its latest move to diversify and expand its fleet further.
(Source:https://www.lomarshipping.com/news/lomar-shipping-announces-corporate-acquisition-of-carl-buettner-holding-gmbh-co-kg/)
 

Top Companies Market Share in Maritime Freight Transport Industry: (In no particular order of Rank)

• Maersk Line
• Mediterranean Shipping Company (MSC)
• CMA CGM Group
• Hapag-Lloyd
• Evergreen Marine Corporation
• Ocean Network Express (ONE)
• Yang Ming Marine Transport Corporation
• ZIM Integrated Shipping Services
• Pacific International Lines (PIL)
• Hyundai Merchant Marine (HMM)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Maritime Freight Transport Market

Which Region Dominates the Maritime Freight Transport Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's strategic location as a major trade hub with significant ports like Los Angeles and New York. The region's strong infrastructure, extensive logistics networks, and high trade volumes support its dominance. Additionally, robust economic activity, substantial import and export activities, and investments in port modernization and technology drive efficiency, making North America a leading player in global maritime freight transport.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is growing at the fastest CAGR in the Maritime Freight Transport market due to rapid industrialization, expanding economies, and booming trade activities. Major ports in countries like China, Singapore, and India drive significant shipping volumes. The region's growing manufacturing base, rising consumer demand, and investments in port infrastructure and technology enhance maritime logistics. Additionally, regional trade agreements and improved connectivity support the rapid growth of maritime freight transport in Asia Pacific.

The current report Scope analyzes Maritime Freight Transport Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Maritime Freight Transport Market Analysis

According to Cognitive Market Research, the global Maritime Freight Transport market size was estimated at USD 385694.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 154277.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Maritime Freight Transport market with a market size of USD 121725.18 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The nation's robust trade activities, strategic port locations, and advanced logistics infrastructure is driving the Maritime Freight Transport market.
• The Canada Maritime Freight Transport market had a market share of USD 18513.34 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's favorable trade agreements is driving the Maritime Freight Transport market.
• The Mexico Maritime Freight Transport market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 14039.28 million in 2024.

Europe Maritime Freight Transport Market Analysis

According to Cognitive Market Research, the global Maritime Freight Transport market size was estimated at USD 385694.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 115708.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Maritime Freight Transport market had a market share of USD 19439.00 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Maritime Freight Transport sales witness an upswing due to strategic location as a major trade hub, with key ports and extensive shipping routes facilitating international trade.
• The France Maritime Freight Transport market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 10645.17 million in 2024.
• According to Cognitive Market Research, the German Maritime Freight Transport market size was valued at USD 22910.25 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Maritime Freight Transport surged due to the presence of major market players.
• The Italy Maritime Freight Transport market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 9950.92 million in 2024.
• The Russia Maritime Freight Transport market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 17934.79 million in 2024.
• The Spain Maritime Freight Transport market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 9488.08 million in 2024
• The Luxembourg Maritime Freight Transport market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 3586.96 million in 2024.
• The Portugal Maritime Freight Transport market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 2429.88 million in 2024.
• The Greece Maritime Freight Transport market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 1388.50 million in 2024.
• Rest of Europe's Maritime Freight Transport market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 17934.79 million in 2024.

Asia Pacific Maritime Freight Transport Market Analysis

According to Cognitive Market Research, the global Maritime Freight Transport market size was estimated at USD 385694.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 88709.74 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Maritime Freight Transport market size was valued at USD 39919.38 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Maritime Freight Transport surged in China due to strategic position as a major global trade hub with bustling ports and extensive shipping networks.
• The Japan Maritime Freight Transport market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 12241.94 million in 2024.
• The India Maritime Freight Transport market had a market share of USD 10645.17 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India's expanding trade agreements enhance efficiency is driving the Maritime Freight Transport market.
• The South Korean Maritime Freight Transport market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 8870.97 million in 2024.
• The Australian Maritime Freight Transport market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 4612.91 million in 2024.
• The South East Asia Maritime Freight Transport market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 6120.97 million in 2024.
• The Rest of Asia Pacific Maritime Freight Transport market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 6298.39 million in 2024.

South America Maritime Freight Transport Market Analysis

According to Cognitive Market Research, the global Maritime Freight Transport market size was estimated at USD 385694.5 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 19284.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Maritime Freight Transport market size was valued at USD 8253.86 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Maritime Freight Transports flourished in Brazil due to expanding trade volumes, investments in port infrastructure, and improvements in logistics and transportation networks.
• Argentina's Maritime Freight Transport market had a market share of USD 3239.83 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Argentina's focus on expansion of maritime freight transport augment the demand.
• Colombia Maritime Freight Transport market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 1716.34 million in 2024.
• Peru Maritime Freight Transport market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 1581.35 million in 2024.
• Chile Maritime Freight Transport market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1388.50 million in 2024.
• The Rest of Latin America's Maritime Freight Transport market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 3104.84 million in 2024.

Middle East Maritime Freight Transport Market Analysis

According to Cognitive Market Research, the global Maritime Freight Transport market size was estimated at USD 385694.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 7713.89 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..

• The GCC Countries Maritime Freight Transport market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 3301.54 million in 2024. Maritime Freight Transport sales flourish due to the presence of major market players.
• The Egypt Maritime Freight Transport market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 809.96 million in 2024.
• The South Africa Maritime Freight Transport market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 1218.79 million in 2024. Maritime Freight Transport sales flourish in South Africa due to strategic location along major global shipping routes and the expansion of key port facilities.
• The Turkey Maritime Freight Transport market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 663.39 million in 2024.
• The Nigeria Maritime Freight Transport market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 809.96 million in 2024.
• The Rest of MEA Maritime Freight Transport market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 910.24 million in 2024.

Maritime Freight Transport Market Analysis

Maritime Freight Transport Market Cargo Type Segment Analysis

According to Cognitive Market Research, Dry Bulk stands out as the dominant category. Dry bulk cargo type captures the largest market share in the Maritime Freight Transport market due to its high volume and essential role in global trade. Commodities such as coal, iron ore, grain, and fertilizers are transported in large quantities, driving significant demand for specialized bulk carriers. The cost-effectiveness of shipping bulk commodities and the extensive global supply chains for these materials contribute to their dominance in maritime freight, supporting their large market share.

Liquid bulk cargo type is growing at the highest CAGR in the Maritime Freight Transport market due to increased demand for petroleum products, chemicals, and liquefied natural gas (LNG). The expansion of the energy sector and industrial activities drives the need for transporting large quantities of liquid bulk. Innovations in shipping technology and infrastructure improvements for handling and storing liquid cargo efficiently contribute to this rapid growth, supporting higher market expansion rates.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Maritime Freight Transport Industry. Request a Free Sample PDF!

Maritime Freight Transport Market Vessel Type Segment Analysis

According to Cognitive Market Research, the dominant category is Container Ships. Container ships capture the largest market share in the Maritime Freight Transport market due to their efficiency in handling diverse cargo types and large volumes. They facilitate streamlined, standardized loading and unloading processes, improving turnaround times and reducing shipping costs. The widespread adoption of containerization in global trade supports their dominance. Additionally, the flexibility and scalability of container ships meet the demands of international shipping routes and high-volume trade, reinforcing their leading market position.

Bulk carriers are growing at the highest CAGR in the Maritime Freight Transport market due to increased global demand for raw materials like coal, iron ore, and grain. These vessels are specifically designed to transport large volumes of unpackaged cargo efficiently and cost-effectively. As industrial and construction activities rise, along with trade in bulk commodities, the need for bulk carriers expands. Additionally, advancements in ship design and technology enhance their operational efficiency, driving market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Maritime Freight Transport Industry Segment Analysis

Maritime Freight Transport Market Industry Segment Analysis

According to Cognitive Market Research, the dominant category is Food and Beverage. The Food and Beverage industry captures the largest market share in the Maritime Freight Transport market due to the high volume and diverse range of products that require transportation. The industry relies on maritime shipping to move bulk commodities, packaged goods, and raw materials across global supply chains. Efficient shipping is crucial for meeting consumer demand and maintaining supply chain integrity. The industry's extensive trade activities and reliance on international shipping contribute to its dominant market share..

The Manufacturing industry is growing at the highest CAGR in the Maritime Freight Transport market due to increasing global production and export of manufactured goods. As manufacturing activities expand, so does the need to transport raw materials and finished products across international markets. The growth in global trade, coupled with advancements in manufacturing processes and infrastructure, drives higher shipping volumes. Additionally, the industry's focus on efficient supply chain management further supports its rapid growth in maritime freight transport.

• Food and Beverage
• Manufacturing
• Oil and Ores
• Electrical and Electronics
• Others

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Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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