Cargo Shipping Market was valued at USD 12.81 Billion tons in 2023. Global Cargo Shipping Market size is estimated to grow at a CAGR of 4.6 % over the forecast period.

Cargo Shipping Market Definition: Cargo shipping is a way of transporting cargo and supplies from ships, boats, and other types of vessels. The product's acceptance is expected to be boosted by increased demand for import and export activities. The decreased cost of shipping, as well as its efficient and cost-effective transportation, is expected to increase its popularity. Further, the Cargo Shipping market is segmented by Cargo Type, End-user Industry, and geography. On the basis of Cargo Type, the Cargo Shipping market is segmented under Liquid Bulk, Dry Bulk, General Cargo and Container Cargo. Based on the End-user Industry, the Cargo Shipping market is segmented under Food and Beverages, Manufacturing, Oil, gas and ores and Electrical and electronics. By geography, the market covers the following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion tons).