Global Bulk Carrier Ships
Market Report
2025
Global Bulk Carrier Ships market size was $374.24 Billion in 2022 and it is forecasted to reach $412.36 Billion by 2030. Bulk Carrier Ships Industry's Compound Annual Growth Rate will be 4.4% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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Global Bulk Carrier Ships market size was $374.24 Billion in 2022 and it is forecasted to reach $412.36 Billion by 2030. Bulk Carrier Ships Industry's Compound Annual Growth Rate will be 4.4% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Bulk Carrier Ships Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 4.4% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Size |
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Market Split by Bulk Cargo |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Bulk Carrier Ships Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Carrier ships are the integral link between the production and its consumption all across the globe. It thus plays very crucial part in connecting global economy. It has been estimated that almost 80% of global goods gets transported across oceans via ships. Though air freight is less time consuming, but the cost associated with it is too high in comparison to carrier ships. Further, carrier shipping allows heavy loads, as well as hazardous materials which brings flexibility in transportation driving the market for cargo ships.
Bulk carrier ships are widely used to transport goods which are in bulk quantities. The cargo in such ships is loose without any specific packaging. Thus, it commonly transports goods like, ores, coal, grains, cement, to name a few. In addition to dry cargo, bulk carrier ships are also used carry liquefied cargoes, such as petrol, oil, or some liquid chemical substances.
Trading and transportation across the borders have dramatically increased over the past few decades. Moreover, recent couple of decades have seen mounted growth in world economy. This trade growth is an ultimate result of both technological advancements and reduction in trade barriers. Almost every country is aggressively promoting economic development which is driving world trade to significantly grow every year with an average growth of 6%.
International trade allows countries to expand their markets by providing goods and services to other countries. It thus allows countries to extend their markets and get access to items and services that are otherwise be unavailable in their home country. International commerce also leads to the increasing competitiveness. This integration thus helps in raising living standards across the world.
Import, export, and entrepot activities are used in international trade. Currently, technological innovation, increased need for a variety of items, and rising desire for authentic products are all driving up international commercial activity. Bulk carrier ships play vital role in supply chain by carrying cargo across oceans linking borders across the globe. It is one of the most cost-effective ways to transfer large amounts of commodities throughout the world. Shipping and seaborne trade have enabled the transition from a world of separated territories to a globally linked community. Hence surging international trade drives the growth of bulk carrier’s market across the globe.
Volatility in transportation cost and tensions in trade across borders may hamper the growth of market
Volatility in the prices of fuels impacts pricing of the goods. Further, in case of global rise in the tariffs, high import prices hamper firm's production costs as well as purchasing power of customers. Further, stringent regulations, such as tracking orders, meeting promised timeline, determining liabilities, etc. associated with shipping goods across borders may hinder the growth of market.
Moreover, unstable political parameters of any particular country also hamper the cargo shipping market. For instance, Russia-Ukraine war has impacted the shipping industry owing to the rise in the oil prices. Furthermore, ongoing U.S.-China tariff stand-off is also threatening trading across the borders. Hence, geopolitical crisis somehow hinders the growth of bulk carriers ships market.
Demand for coal, ores and cement has increased owing to the liberalization in global trade. This demand will keep on increasing and to meet the growing demand, developments have been made to offer solutions that can enable reduction in the transportation cost. Moreover, rise in the environment concern is aiming to reduce the impact of CO2 emissions from ships on marine culture by reducing the fuel consumption. Hence, new regulations have made in designing smaller ship size bulk carrier ship with engines meeting the demand for lower rpm in order to obtain an optimum ship design with highly efficient large propellers.
Advent of COVID-19 in year 2020 has plunged international trade due to the reduction in production and distribution of goods. Initial period of pandemic has resulted in the double-digit decline of revenue from bulk carrier ship market. However, the second half of pandemic global trade started recovering at relatively faster pace facilitating a V-shaped graph.
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Navios Maritime Partners L.P has announced that company is going to acquire a bulk fleet of 36 ships from its parent company Navios Maritime Holdings, for $835 Mn. This acquisition will increase their total capacity by 3.9 Mn DWT.
Eagle Bulk Shipping Inc. has announced the acquisition of Ultramax bulkcarrier for $24.3 million in order to expand its fleet with the purchase of a high-specification.
Castor Maritime has made a move into the container shipping sector with a double sub-panamax purchase. The deal costs $50.75 Million with charters attached at “attractive levels. The company now owns 20 bulk carriers and eight tankers.
Matson has ordered 3 new 3,600 TEU container vessels at Philly Shipyards. The company has signed a contract with U.S. based Philly Shipyards which is costing almost a billion.
Mitsui & Co., Ltd. along with Mitsui O.S.K. Lines, Ltd. has announced that they got an approval in Principle (AiP) from the Nippon Kaiji Kyokai for the design of a large ammonia-powered bulk carrier. Both the companies have jointly determined the size and specifications of the vessel, and both companies entrusted Mitsubishi Shipbuilding Co., Ltd. for design of the vessel. The AiP covers a "210,000 DWT Cape size" bulker, a highly versatile class of ship.
Top Companies Market Share in Bulk Carrier Ships Industry: (In no particular order of Rank)
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APAC region has dominated world's maritime cargo handling sector in year 2022. The region had almost 42% of total exports and about 64% of imports. Among APAC region, China has largest number of cargo shipments followed by South Korea, and India. Further, Singapore and Hong Kong contribute significantly in cargo shipments. China being the biggest exporter for various raw materials, contributes profitably in the growth of bulk carrier ship market.
North America held second highest position in the bulk carrier ship market with a share of 30.2% and is projected to grow at highest CAGR owing to the strong economy and quick and efficient operations in bulk transport. Primarily North America transport cement followed by sand, plastics, lime, along with liquid bulk commodities.
The current report Scope analyzes Bulk Carrier Ships 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
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Global Bulk Carrier Ships Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Bulk Carrier Ships Industry growth. Bulk Carrier Ships market has been segmented with the help of its Type, Size Bulk Cargo, and others. Bulk Carrier Ships market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Geared bulk carriers are made up with hatchways and alongside are equipped with cranes and transporters. This segment has dominated the market in year 2022 as equipped cranes allows easy loading and unloading processes. Further, the design of geared bulk carrier is done in such a way that it can carry multiple numbers of cargoes on it and can be transported to any region.
However, combined bulk carrier segment will grow at a high CAGR during the forecast period. This can be attributed to its special design which offers flexibility to transport both solid and liquid goods.
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Handymax segment generated highest revenue in the global bulk carrier ships market owing to their huge capacity of transporting goods. They are generally 150–200 m in length and has five cargo and four cranes which makes them a general purpose. Handysize and Handymax together constitute significant share and will grow at a high CAGR in coming years owing to the new regulation constraining building of larger vessels.
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Research Associate at Cognitive Market Research
Sumedha Gosavi is a Research Analyst with a specialized focus on the automobile and transportation sectors. With over two years of experience, she excels in conducting in-depth secondary research, competitive analysis, and market forecasting to deliver actionable insights that drive strategic decision-making.
In her current role, Sumedha leads research initiatives in the dynamic fields of automotive and transportation, identifying key trends, technological advancements, and market opportunities. Her ability to craft tailored research methodologies and distill complex data into clear, impactful strategies has been instrumental in enhancing her organization’s competitive edge.
With a deep passion for innovation in mobility and a commitment to continuous learning, Sumedha remains at the forefront of industry developments. Her expertise and analytical acumen make her an invaluable asset in navigating the ever evolving landscape of automobile and transportation research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Bulk Carrier Ships Market is witnessing significant growth in the near future.
In 2023, the Geared segment accounted for noticeable share of global Bulk Carrier Ships Market and is projected to experience significant growth in the near future.
The Small segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Navios Maritime Partners, Genco Shipping & Trading Limited and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
1.Bulk carrier hit by missile from Yemen, crew says three killed
The global bulk carrier ships market is fundamental to international exchange and the global economy. These ships give a financially savvy and proficient method for transporting enormous amounts of unrefined substances and items all over the planet.
Disclaimer:
Type | Geared, Combined, Gearless, Lakers, Self-dischargers |
Size | Small, Handysize, Handymax, Panamax, Capesize, Large |
Bulk Cargo | Iron Ore, Coal, Grain, Others |
List of Competitors | Navios Maritime Partners, Eagle Bulk Shipping Inc., Genco Shipping & Trading Limited, Euronav, Star Bulk, Golden Ocean Group Ltd, Castor Maritime, Matson Inc, Kirby Corporation, Bodewes Shipyards B.V., Damen, CSBC Corporation, Mitsui Engineering and Shipbuilding, Others |
This chapter will help you gain GLOBAL Market Analysis of Bulk Carrier Ships. Further deep in this chapter, you will be able to review Global Bulk Carrier Ships Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Bulk Carrier Ships. Further deep in this chapter, you will be able to review North America Bulk Carrier Ships Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Bulk Carrier Ships. Further deep in this chapter, you will be able to review Europe Bulk Carrier Ships Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Bulk Carrier Ships. Further deep in this chapter, you will be able to review Asia Pacific Bulk Carrier Ships Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Bulk Carrier Ships. Further deep in this chapter, you will be able to review South America Bulk Carrier Ships Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Bulk Carrier Ships. Further deep in this chapter, you will be able to review Middle East and Africa Bulk Carrier Ships Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Bulk Carrier Ships. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Size Analysis 2021 - 2033
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Chapter 12 Market Split by Bulk Cargo Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Bulk Carrier Ships market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Geared have a significant impact on Bulk Carrier Ships market? |
What are the key factors affecting the Geared and Combined of Bulk Carrier Ships Market? |
What is the CAGR/Growth Rate of Small during the forecast period? |
By type, which segment accounted for largest share of the global Bulk Carrier Ships Market? |
Which region is expected to dominate the global Bulk Carrier Ships Market within the forecast period? |
Segmentation Level Customization |
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Additional Qualitative Data |
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Additional Quantitative Data |
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