Global Ship Leasing
Market Report
2024
The Global Ship Leasing market estimation is USD 12.5 billion in 2023 and will grow and expand at a compound annual growth rate (CAGR) of 15.5% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Ship Leasing market estimation is USD 12.5 billion in 2023 and will grow and expand at a compound annual growth rate (CAGR) of 15.5% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Ship Leasing Market Sales Revenue 2023 | $ 12.5 Billion |
Global Ship Leasing Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 15.5% |
North America Ship Leasing Market Sales Revenue 2023 | $ 4.75 Billion |
Europe Ship Leasing Market Sales Revenue 2023 | $ 3.75 Billion |
Asia Pacific Ship Leasing Market Sales Revenue 2023 | $ 3 Billion |
South America Ship Leasing Market Sales Revenue 2023 | $ 0.625 Billion |
Middle East and Africa Ship Leasing Market Sales Revenue 2023 | $ 0.375 Billion |
Market Split by Type |
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Market Split by Application |
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Market Split by Lease Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Ship Leasing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A contract for the employment of a ship for a set length of time in exchange for payment of predetermined rentals is known as a ship lease. In the shipping business, a lessor (the actual owner/leasing firm) grants a lessee (the operator/shipping company) complete ownership and operational control of the ship in exchange for recurrent lease/hire payments for a certain time. The market is expanding as a result of rising demand for maritime freight transportation, a boom in global trade, and a rise in the transportation of heavy goods.
For instance, to help India realize its potential in the area of international financial services, the International Financial Services Centre (IFSC) was established there. The first of its type in India, Gujarat International Finance Tec-City (GIFT City) is a worldwide financial and information technology services center created to compete with benchmarked international financial hubs.
The need for freight transportation via waterways is on the rise since it is cost-effective, efficient, suitable for moving large and bulky cargo, safe, and environmentally beneficial.
For instance, the United Nations Conference on Trade and Development (UNCTAD) estimates that 998 billion tonnes of cargo are moved throughout the world year in 177.6 million containers.
Additionally, Bocomm Leasing and Shell have agreed to a $650 million deal for 12 dual-fuel long-range tankers. 2019 saw the signing of a 38-month ship leasing agreement by Global Ship Lease with Danish liner Maersk for the 5,936 TEU containership Tasman, which was constructed in 2000.
A significant trend seen in the international ship leasing industry is leading firms' increasing focus on capacity development. For instance, Global Ship Lease announced the acquisition of two 6,080 TEU Post-Panamax containerships from Black Pearl Containers LLC in 2019. The ships were completed in 2004. The major purpose of the purchase is to increase the business's ability to serve its expanding client base.
Companies can easily increase their fleet capacity through ship leasing in response to shifting market circumstances or seasonal demand swings.
This adaptability guarantees that companies can quickly satisfy consumer demands, prevent vessel idleness, and maximize their operational effectiveness.
Because it was difficult for ships to move about, many sailors had to have their job contracts renewed when they were about to expire. Changes in fuel prices greatly impact the running expenses of boats. It is difficult for ship leasing firms to anticipate their costs correctly since fuel prices are unpredictable, which might have an impact on profit margins. Technology is advancing quickly, and developments like autonomous ships and unmanned maritime operations might upend the established ship leasing paradigm. To be competitive in the market, ship leasing firms must keep up with technology advancements and embrace innovation.
Due to the COVID-19 pandemic epidemic, several cargo and passenger ships were prohibited by local authorities from docking at ports. On the ship itself, there were several stranded merchant seamen. Since their ships were detained on the territorial sea for a long time, ship owners also had to cover additional expenses. Additionally, there has been a decrease in the import and export of commodities and products to reduce the chance of COVID-19 spreading. COVID-19 has negatively impacted the shipping sector, which is anticipated to recover quickly, given the crucial role shipping plays in global transportation.
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The market for Ship Leasing is a highly dynamic and diversified competitive environment. It includes various suppliers, ranging from large multinational enterprises to smaller specialized organizations. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their Worldwide footprint, with significant market developments including new Material portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. Because of automation and technological advancement, businesses compete fiercely to deliver innovative products.
Top Companies Market Share in Ship Leasing Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 38% of the worldwide revenue due to several variables. The North American region dominates the market for Ship Leasing. Despite the low-interest rates they now provide in the region, leasing companies are expected to maintain their dominance. The market in North America had the largest revenue share and is anticipated to keep leading over the projection period. The target market in the region is expanding as a result of a number of important factors, including increased seaborne commerce operations in the region's nations and an increase in the number of ship leasing firms there.
During the projection period, the Asia-Pacific region is anticipated to have considerable expansion. The Asia Pacific area continued to be the world's top marine cargo handling center, according to data issued by the United Nations Conference on Trade and Development. The Ministry also suggested taking steps to promote fleet renewal and the creation of a program for coastal fleet management, as well as financial incentives to draw foreign investment in new ships and to stimulate private investment in critical infrastructure upgrades. As a result of these advances, more new ships will be leased to conduct new ship operations, which will boost the market throughout the projection period.
The current report Scope analyzes Ship Leasing 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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North America Ship Leasing Market Analysis:
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 38% of the global revenue due to several variables. The North American region dominates the market for Ship Leasing. Despite the low-interest rates they now provide in the region, leasing companies are expected to maintain their dominance. The market in North America had the largest revenue share and is anticipated to keep leading over the projection period. The target market in the region is expanding as a result of a number of important factors, including increased seaborne commerce operations in the region's nations and an increase in the number of ship leasing firms there.
Europe Ship Leasing Market Analysis:
According to Cognitive Market Research, the European Region accounted for a share of more than 30% of the global revenue due to several variables. Due to its established ports, vast transportation networks, and cutting-edge marine technologies, Europe is a significant participant in the ship leasing business. The region's emphasis on environmental protection and sustainability fuels the need for eco-friendliness.
Asia Pacific Ship Leasing Market Analysis:
According to Cognitive Market Research, the APAC region accounted for a share of more than 24% of the global revenue due to several variables. During the projection period, the Asia-Pacific region is anticipated to have considerable expansion. The Asia Pacific area continued to be the world's top marine cargo handling center, according to data issued by the United Nations Conference on Trade and Development. The Ministry also suggested taking steps to promote fleet renewal and the creation of a program for coastal fleet management, as well as financial incentives to draw foreign investment in new ships and to stimulate private investment in critical infrastructure upgrades. As a result of these advances, more new ships will be leased to conduct new ship operations, which will boost the market throughout the projection period.
South America Ship Leasing Market Analysis:
According to Cognitive Market Research, South America accounted for a share of more than 5% of the global revenue due to several variables. Due to its rich natural resources, expanding commerce, and increased emphasis on regional integration, South America offers potential for ship leasing firms. The demand for a range of vessel types is driven by the region's varied transportation requirements, including those for bulk commodities and containerized goods.
Middle East and Africa Ship Leasing Market Analysis:
According to Cognitive Market Research, the Middle East and African regions accounted for a share of more than 3% of the global revenue due to several variables. Port development, trade facilitation, and infrastructure projects are receiving more funding in the Middle East and Africa area. In order to support the region's expanding import and export activity, these developments are boosting the need for ship leasing services.
Global Ship Leasing Market Report 2024 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 Ship Leasing Industry growth. Ship Leasing market has been segmented with the help of its Type, Application Lease Type, and others. Ship Leasing 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.
According to Cognitive Market Research, the bareboat charter category dominates the market during the projected timeframe. A bareboat charter, often referred to as a demise charter, is a contract for the charter or rental of a ship or boat in which no crew or supplies are given; rather, people who lease the vessel from the owner are responsible for addressing these problems.
The periodic tenancy category is the fastest growing during the projected timeframe. A periodic tenancy continues for certain periods until the tenant gives notice to the landlord that he wants to cancel it.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ship Leasing Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the container ship category dominates the market during the projected timeframe. A container ship uses the containerization method to carry all of its goods in truck-sized intermodal containers. The majority of seagoing non-bulk cargo is currently transported via container ships, a popular commercial intermodal freight transportation method.
The Bulk carrier’s category is fastest growing during the projected timeframe. Unpackaged products are intended to be transported on bulk carriers. They transport massive amounts of items made of a single commodity, such as fertilizers, grain, ore, timber, etc. They also transport raw goods, including cement, coal, and equipment.
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According to Cognitive Market Research, the Operating Lease category dominates the market during the projected timeframe. Operating leases are often used for short- to medium-term ship charters, with the ship being returned to the lessor at the conclusion of the period.
The finance leases category is fastest growing during the projected timeframe. Finance leases, on the other hand, are more frequently utilized for long-term financing of ships. Additionally, as the lessee will have possession and operational control of the ship for the duration of the lease, it will profit from and be liable to the dangers of ship ownership.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
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The Global Ship Leasing Market is witnessing significant growth in the near future.
In 2023, the Periodic Tenancy segment accounted for noticeable share of global Ship Leasing Market and is projected to experience significant growth in the near future.
The Container Ship segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Hamburg Commercial Bank , Global Ship Lease 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.
Disclaimer:
Type | Periodic Tenancy, Bare Boat Charter, Real-time Lease, Others |
Application | Container Ship, Bulk Carrier |
Lease Type | Finance Lease, Full-Service Lease |
List of Competitors | Hamburg Commercial Bank, Minsheng Financial Leasing, Global Ship Lease, Bank of Communication Financial Leasing, CMB Financial Leasing, First Ship Lease Holding, CCB Financial Leasing, Galbraith, ICBC Leasing, Maersk |
This chapter will help you gain GLOBAL Market Analysis of Ship Leasing. Further deep in this chapter, you will be able to review Global Ship Leasing 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
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private 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.
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 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Lease Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Ship Leasing 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 Periodic Tenancy have a significant impact on Ship Leasing market? |
What are the key factors affecting the Periodic Tenancy and Bare Boat Charter of Ship Leasing Market? |
What is the CAGR/Growth Rate of Container Ship during the forecast period? |
By type, which segment accounted for largest share of the global Ship Leasing Market? |
Which region is expected to dominate the global Ship Leasing Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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