North America Cargo Shipping Market (2021-2027) | Industry, COVID-19 IMPACT, Outlook, Analysis, Value, Size, Revenue, Companies, Forecast, Share, Growth & Trends

The North America Cargo Shipping market report thoroughly covers the market by cargo infrastructure, cargo type, industry type and countries including the United States and Canada. The North America Cargo Shipping market outlook report provides an unbiased and detailed analysis of the current North America Cargo Shipping market trends, opportunities, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The North America Cargo Shipping Market Synopsis

The North America Cargo Shipping market is likely to witness substantial growth over the next few years. Several factors including rising integration of the world economies, high dependency on imports, rise in the construction of new ports, increase in the e-commerce platforms, easy transportation of bulky items and availability of various kinds of shipment sources are driving North America Cargo Shipping market.

According to 6Wresearch, the North America Cargo Shipping market is anticipated to register growth during 2021-2027. The North America Cargo Shipping market is one of the largest revenue-generating markets in the world. Moreover, there are a few restraints that hinder the growth of the North America Cargo Shipping market such as clogged canals and ports, lack of warehouse capacity, slow transportation via waterways, unexpected weather conditions and rising excise duties as well as cargo rates. Even though there are a few challenges in the North America Cargo Shipping market, the growth pattern remains the same and is likely to rise in the near future. Additionally, the COVID-19 pandemic resulted in a huge impact on the North America Cargo Shipping market as it restrained the movement of not only people but materials as well. The cross-country borders were closed and the trade was put to a stop till the situation normalised. Further, the entire North America Cargo Shipping market witnessed massive losses due to the pandemic and hasn’t been able to recover fully. Even after the shipment activities were resumed, several countries continued putting restrictions on imports. Thus, the growth after the pandemic has been very slow in the North America Cargo Shipping market.

Market Analysis by cargo Type

The cargo type segment is divided into container cargo, bulk cargo, general cargo and oil and gas. The container cargo segment is one of the largest revenue-generating segments as the trade around the North America region has recorded rapid growth. In addition, the bulk cargo segment has the leader and has promising growth prospects as transportation of bulk goods is easier through the sea route. The dry bulk cargo segment has been growing tremendously in various sectors due to the surge in demand for imports by other counties. Moreover, the general cargo segment has seen stagnant growth in the North America Cargo Shipping market as the segment has been taken over by other cargo vessels. Thus, the overall demand for general cargo has been diminishing over time. In addition, oil and gas cargo, which is also a part of hazardous cargo, is one of the largest revenue-generating segments as the direct consumption demand by several businesses is rapidly growing. Further, the transportation of oil and gas via cargo shipping makes this segment different as it requires specialized techniques and personnel to ensure utmost safety.

Market Analysis by Industry Type

The industry segment involves the food industry, oil and ores industry, electrical and electronics industry and manufacturing industry. The food industry remains the largest revenue-producing segment in the North America Cargo Shipping market as with the rapidly changing food choices, supply chain management is designed in such a manner that the goods reach the destination without any hassle. Moreover, the oil and ores industry as an end-user has high growth potentials as the majority of the trade of oils and other gases are done through cargo shipping from and to the North America region. Further, the trade between various countries of heavy and crucial items such as electronics and electric goods, the supply chain business often consider exchange via cargo shipping as it is considered as the best option to deliver the finished items to the right place and at the right time. Additionally, to keep the production process going, the manufacturing industry relies on cargo shipping to supply or receive raw materials or assets from various parts of the world. Thus, the North America Cargo Shipping market generates huge revenue from the manufacturing industry end-users. Even though the North America Cargo Shipping market faced a few hurdles, the future is bright for the market and has high growth potential.

 

Market Analysis by Geography

Among various countries in the North America region, the United States has promising growth prospects as it continues to engage in developing new technologies and encouraging trade via cargo shipment. Moreover, a high volume of exports and imports has led to a widening of ports and harbours in the United States to avoid problems related to the congestion of the canals. Further, the widening up of the Panama Canal has enhanced the revenue-earning capacities of the United States. In addition, the Canada Cargo Shipping market has been witnessing a slow growth pattern due to all-time high rates of cargo shipping. The pandemic has worsened the situation for the Cargo Shipping market in Canada as the trade volume has gone low due to the fear of new variants of Covid-19. Several countries have been restricting trade and as a result, the Canada Cargo Shipping market is affected immensely. Additionally, the new US-Mexico-Canada Agreement (USMCA) has brought in benefits for the North America Cargo Shipping market as it provides trade protection to the member states and has created opportunities for the industries to produce and ship more goods that would be beneficial for the entire market. Furthermore, some of the key players of the North America Cargo Shipping market are Mediterranean Shipping Co., Evergreen Line, Hapag-Lloyd, Maersk Line, Algoma Central Corporation, etc. Moreover, in July 2021, International Seaways merged with Diamond S Shipping to expand the business’ horizons. In February 2020, Maersk announced that it is going to acquire a warehouse called Performance Team to strengthen its distribution channels.

 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• North America Cargo Shipping Market Outlook
• Market Size of North America Cargo Shipping Market, 2020
• Forecast of North America Cargo Shipping Market, 2027
• Historical Data and Forecast of North America Cargo Shipping Revenues & Volume for the Period 2017 - 2027
• North America Cargo Shipping Market Trend Evolution
• North America Cargo Shipping Market Drivers and Challenges
• North America Cargo Shipping Price Trends
• North America Cargo Shipping Porter's Five Forces
• North America Cargo Shipping Industry Life Cycle
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Cargo Infrastructure for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Port Developments in Asia for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Port Developments in Europe for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Port Developments in North America for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Port Developments in South America for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Port Developments in Africa for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Cargo Infrastructure for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Port Developments in Asia for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Port Developments in Europe for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Port Developments in North America for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Port Developments in South America for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Port Developments in Africa for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Cargo Infrastructure for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Port Developments in Asia for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Port Developments in Europe for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Port Developments in North America for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Port Developments in South America for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Port Developments in Africa for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Cargo Type for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Container Cargo for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Bulk Cargo for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By General Cargo for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Oil & Gas for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Cargo Type for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Container Cargo for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Bulk Cargo for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By General Cargo for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Oil & Gas for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Cargo Type for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Container Cargo for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Bulk Cargo for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By General Cargo for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Oil & Gas for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Industry Type for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Food, Manufacturing for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Oil & Ores for the Period 2017 - 2027
• Historical Data and Forecast of North America Cargo Shipping Market Revenues & Volume By Electrical & Electronics for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Industry Type for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Food, Manufacturing for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Oil & Ores for the Period 2017 - 2027
• Historical Data and Forecast of United States Cargo Shipping Market Revenues & Volume By Electrical & Electronics for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Industry Type for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Food, Manufacturing for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Oil & Ores for the Period 2017 - 2027
• Historical Data and Forecast of Canada Cargo Shipping Market Revenues & Volume By Electrical & Electronics for the Period 2017 - 2027
• North America Cargo Shipping Market - Key Performance Indicators
• North America Cargo Shipping Market - Import Export Trade Statistics
• North America Cargo Shipping Market - Opportunity Assessment By Countries
• North America Cargo Shipping Market - Opportunity Assessment By Cargo Infrastructure
• North America Cargo Shipping Market - Opportunity Assessment By Cargo Type
• North America Cargo Shipping Market - Opportunity Assessment By Industry Type
• North America Cargo Shipping Market - Top Companies Market Share
• North America Cargo Shipping Market - Top Companies Profiles
• North America Cargo Shipping Market - Comparison of Players in Technical and Operating Parameters
• North America Cargo Shipping Market - Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Cargo Infrastructure
  • Port Developments in Asia
  • Port Developments in Europe
  • Port Developments in North America
  • Port Developments in South America
  • Port Developments in Africa

• By Cargo Type
  • Container Cargo
  • Bulk Cargo
  • General Cargo
  • Oil & Gas

• By Industry Type
  • Food, Manufacturing
  • Oil & Ores
  • Electrical & Electronics

• By Countries
  • United States
  • Canada

Frequently Asked Questions About the Market Study (FAQs):