Global Shipbroking Market Value Projected Over USD 1600 Million By 2026

26-Feb-2020 | Facts and Factors

Facts and Factors have published “Shipbroking Market By Services (Chartering, Sale and Purchase, Offshore, New Buildings, and Salvage & Towage) and By Verticals (Oil and Gas, Manufacturing, Aerospace and Defense, Government and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”. Facts and Factors in-depth statistical modeling and analysis anticipate the global shipbroking market to surpass the market value of USD 1600 million by 2026. The global shipbroking market is projected to follow stable and steady growth in the immediacy of 3 % CAGR during forecast period of 2020 to 2026.

Shipbroking is a financial part of the shipping services. Shipbroking services include dry cargo chartering, container chartering, tanker chartering, sale and purchase of existing vessels, offshore services, contracting new buildings as well as salvage and tonnage (demolition). Shipbrokers play an important role as intermediaries and negotiators between the shipowners and charterers who hire ships for transporting cargo as well as between the buyers and sellers of ships.

Browse the full “Shipbroking Market By Services (Chartering, Sale and Purchase, Offshore, New Buildings, and Salvage & Towage) and By Verticals (Oil and Gas, Manufacturing, Aerospace and Defense, Government and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026" report at https://www.fnfresearch.com/shipbroking-market-by-services-chartering-sale-and-purchase

The shipbroking industry has been witnessing steady growth in volume and value year by year. Shipbroking companies have transformed into large corporates with the expansion of the shipping industry. Although sea transport is occupying major share among mediums of transportation, however, the industry is still witnessing a surge in cargo volume. Additionally, strengthening economies especially in the Asia Pacific and the Middle East region have increased the import and export of dry, liquid and general cargo which further catalyzed the expansion of the shipping industry. The shipbroking has benefitted from the growth of shipping industry growth as the demand for shipbroking services has increased.

Technological advancement in the field of fleet and cargo monitoring has further improved the expertise of the market available with shipbroking companies. Intelligent insights about the demand and supply in addition to freight value insights have further increased the importance of the shipbrokers. Additionally, digitization has paved the way for smooth communication in chartering and shipbroking. These technological advancements have increased the efficiency of the overall operation in the shipping industry.

The segmental analysis predicts the chartering services to continue domination among the services while occupying more than 50 % of market share by 2026. The dry cargo chartering and tanker chartering are expected to contribute to more than 85 % of the total revenue generated in chartering services. Offshore services are expected to be the second most demanded service in the shipbroking market.

The manufacturing vertical is expected to remain a major contributor to the global shipbroking market. The manufacturing vertical is expected to contribute for more than 38 % of global shipbroking market. The oil and gas vertical is anticipated to remain the second-largest contributor to the shipbroking industry.  

Geographically, the global shipbroking market is split into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Asia Pacific region will continue with the trend of domination while accounting for more than48 % of the global shipbroking market share. The Asia Pacific region is expected to register the highest growth rate among the region in the vicinity of CAGR 3.2 % during the forecast period until 2026.

Europe is anticipated to witness the second-highest market growth in the immediacy of CAGR 2.7 % during the forecast period. Asia Pacific, North America, and Europe together are expected to contribute to more than 90 % of the global shipbroking market.

Report Scope

Some major players in the global Shipbroking market covered in this report include

Braemar Shipping Services PLC, Barry RoglianoSalles International Charles R. Weber Company, Inc., S.A, Bright Cook & Co (S&P) Limited, Compass Maritime Services, LLC, CLARKSON PLC, E.A. Gibson Shipbrokers Ltd, INTEROCEAN SHIPPING COMPANY, Howe Robinson Partners, McQuilling Partners, Inc., Maersk Broker K/S, Simpson Spence Young, Poten and Partners Group, Inc., Velian Ship Brokers and SPI Marine.

The taxonomy of the Shipbroking Market by its scope and segmentation is as follows:

By ServicesSegmentation Analysis

• Chartering 
• Sale and Purchase 
• Offshore 
• New Buildings 
• Salvage and Towage

By Verticals Segmentation Analysis

• Oil and Gas 
• Manufacturing 
• Aerospace and Defense 
• Government 
• Others 

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle-East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa

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