Cargo Shipping Market Analysis
The Cargo Shipping Market is estimated to gain momentum after fiscal year 2018 after years of sluggish growth. Cargo shipping market is projected to reach 12.52 Billion Tons at CAGR of 3.5% from 2016 to 2021. Global economic development, commodity supply and demand are key drivers fuelling the growth of the global cargo shipping trade.
The Cargo Shipping Market is estimated to gain momentum after fiscal year 2018 after years of sluggish growth. Cargo shipping market is projected to reach 12.52 Billion Tons at CAGR of 3.5% from 2016 to 2021. Global economic development, commodity supply and demand are key drivers fuelling the growth of the global cargo shipping trade.
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Asia-pacific: largest market for cargo shipping trade<br />
asia-pacific accounted for the largest share of the global cargo shipping trade in 2016.<br />
Developing asian economies are driving growth in asia-pacific region. China is major<br />
exporter in asia-pacific as it is developed as manufacturing hub. Market demand,<br />
developments in port infrastructure and strong government support have enabled asiapacific<br />
to achieve largest market share.<br />
The european region has been segmented into germany, france, the U.K., Spain and<br />
russia. Europe is estimated to account for the second-largest share in the global cargo<br />
shipping trade in 2016. The EU countries are expected to show steady growth in near<br />
future due to various initiatives by european union and rising global demand.
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