Allied Market Research recently released a report that valued the cargo shipping market at $2.2 trillion in 2021, increasing to an estimated $4.2 trillion by 2031.
Key findings in the report:
- China is expected to hold the highest revenue share of the market throughout the forecast period.
- High-level efficiency and reduced environmental impact are anticipated to support market competitiveness during the forecast period.
- The liquid cargo segment is anticipated to exhibit significant growth in the near future.
- The manufacturing segment is anticipated to exhibit significant growth in the near future.
- The LAMEA region (Latin America, the Middle East and Africa) is anticipated to register the highest CAGR during the forecast period.