Ocean Freight Market Growth, Trends, and Forecast by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Ocean Freight Market covers analysis By Offering (Solution, Service); Carrier Type (Containers, Bulk Carriers, Tankers, Others); Freight Type (Less than Container Load LCL, Full Container Load FCL, Others); Industry Vertical (Automotive, Manufacturing, Electrical and Electronics, Government, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Aug 2025
  • Report Code : TIPRE00005424
  • Category : Automotive and Transportation
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The Ocean Freight Market is expected to register a CAGR of 2.8% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented by Offering (Solution, Service); Carrier Type (Containers, Bulk Carriers, Tankers, Others); Freight Type (Less than Container Load LCL, Full Container Load FCL, Others); Industry Vertical (Automotive, Manufacturing, Electrical and Electronics, Government, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Ocean Freight Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Ocean Freight Market Segmentation

Offering

  • Solution
  • Service

Carrier Type

  • Containers
  • Bulk Carriers
  • Tankers
  • Others

Freight Type

  • Less than Container Load LCL
  • Full Container Load FCL
  • Others

Industry Vertical

  • Automotive
  • Manufacturing
  • Electrical and Electronics
  • Government
  • Others

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Ocean Freight Market: Strategic Insights

ocean-freight-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Ocean Freight Market Growth Drivers

  • Global Maritime Trade Growth in the World: The most important growth factor for the ocean freight market is the growth of global trade. As economies integrate into the world economy, there has been an increased need for international shipping across borders to support the increase in commerce between countries. Growth factors include the rise of e-commerce, new markets opening up, and having an efficient supply chain in place.
  • Containerization and Shipping Efficiency Improvement: More adoption has resulted in greater shipping efficiency and capacity. The whole cargo handling system has made things so smooth that the turnaround time and the costs incurred by shipping companies have gone down. The more shipping activities are increased by containers, the higher demand will be for ocean freight services.
  • Regulatory Changes and Environmental Policies for Reducing Emissions: Environmental policies and regulations are affecting the ocean freight market. Shippers are adopting cleaner technologies that include low-sulfur fuels and alternative energy to comply with the regulations. In this case, it has been a challenge but also is a catalyst for innovation in this industry.

Ocean Freight Market Future Trends

  • Sustainability and Green Shipping Initiatives to Boost Ocean Freight: The ocean freight market is on a sustainability course, and most shipping companies are gaining attention based on their green initiatives. This is so because the marketplace is interested in energy efficiency and other vessels, the waste minimization process for operations that can make all that's involved in shipments not detrimental to the environmental habitat.
  • Digitalization of Freight Operations in the World: Ocean freight is increasingly digitizing as a business to the point that shipping firms are relying on digital platforms more than ever for booking, monitoring, or managing shipments-all of which can eventually lead to increased transparency, efficient customer service, and efficient processing-making it less complicated for shippers or freight forwarders to gain effective performance in a very competitive environment.

Ocean Freight Market Opportunities

  • Technological Innovations and Integration of Smart Technologies: Automation, IoT, and blockchain open tremendous prospects for the ocean freight market. These can be used to track more effectively and smoothly perform logistics activities while smoothening out processes in the freight business. Shipping companies would be presented with a competitive advantage and services as a result.
  • Expansion of E-Commerce Logistics in the World: The ocean freight service line in the cross-border transport industry will attract many new prospects from the e-commerce trend. Whichever firm has a competitive edge by offering niche solutions towards the e-commerce industry for shipment services by speed and reliability will bank on the new market.

Ocean Freight Market Regional Insights

The regional trends and factors influencing the Ocean Freight Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Ocean Freight Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

ocean-freight-market-global-geography
  • Get the Regional Specific Data for Ocean Freight Market

Ocean Freight Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 2.8%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Offering
  • Solution
  • Service
By Carrier Type
  • Containers
  • Bulk Carriers
  • Tankers
  • Others
By Freight Type
  • Less than Container Load LCL
  • Full Container Load FCL
  • Others
By Industry Vertical
  • Automotive
  • Manufacturing
  • Electrical and Electronics
  • Government
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • A.P. Moller Maersk
  • DB Schenker
  • Deutsche Post AG DHL Group
  • Expeditors International of Washington Inc.
  • Global Shipping Services LLC
  • KUEHNE NAGEL
  • Kvaver LTD.
  • Nippon Express
  • Panalpina World Transport Holding Ltd.

  • Ocean Freight Market Players Density: Understanding Its Impact on Business Dynamics

    The Ocean Freight Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Ocean Freight Market are:

    1. A.P. Moller Maersk
    2. DB Schenker
    3. Deutsche Post AG DHL Group
    4. Expeditors International of Washington Inc.
    5. Global Shipping Services LLC

    Disclaimer: The companies listed above are not ranked in any particular order.


    ocean-freight-market-cagr

    • Get the Ocean Freight Market top key players overview

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Ocean Freight Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the Ocean Freight Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.


    Frequently Asked Questions

    What are the options available for the customization of this report?

    Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

    What are the deliverable formats of the Ocean Freight Market report?

    The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

    Which are the leading players operating in the Ocean Freight Market

    The leading players operating in the Ocean Freight Market include A.P. Moller Maersk, DB Schenker, Deutsche Post AG, DHL Group, Expeditors International of Washington Inc., Global Shipping Services LLC, KUEHNE NAGEL, Kvaver LTD., Nippon Express, Panalpina World Transport Holding Ltd.

    What is the expected CAGR of the Ocean Freight Market?

    The Ocean Freight Market is estimated to witness a CAGR of 2.8% from 2023 to 2031

    What is the future trend of the Ocean Freight Market?

    Focus on Automation and Robotics is the key future trend of the Ocean Freight Market

    What are the growth opportunities impacting the global Ocean Freight Market?+V2

    The major factors driving the Ocean Freight Market are: Increasing Global Trade Activities#Ship design and building technology advances

    Naveen Chittaragi
    Naveen Chittaragi
    Associate Vice President,
    Market Research & Consulting

    Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

    Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

    Testimonials

    user

    I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

    DR CHIJIOKE ONYIA, MANAGING DIRECTOR, PineCrest Healthcare Ltd.
    user

    The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

    Yukihiko Adachi CEO, Deep Blue, LLC.

    Reason to Buy

    • Informed Decision-Making
    • Understanding Market Dynamics
    • Competitive Analysis
    • Customer Insights
    • Market Forecasts
    • Risk Mitigation
    • Strategic Planning
    • Investment Justification
    • Identifying Emerging Markets
    • Enhancing Marketing Strategies
    • Boosting Operational Efficiency
    • Tracking Industry Innovations
    • Aligning with Regulatory Trends
    Your Key Concerns Addressed - Question & Answer
    Can I view a sample of the report before purchasing?

    Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

    Is analyst support included with the purchase?

    Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

    What are the next steps once I place an order?

    Once your order is successfully placed, you will receive a confirmation email along with your invoice.

    • For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
    • For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

    Can the report be tailored to suit my specific needs?

    We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.

    In what format is the report delivered?

    The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

    The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
    Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

    How secure is the payment process on your platform?

    Our payment process is fully secure and PCI-DSS compliant.

    We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
    You can make your purchase with confidence, knowing your personal and financial information is safe with us.

    Do you provide special pricing for buying multiple reports?

    Yes, we do offer special pricing for bulk purchases.
    If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.

    Can I connect with your team to discuss the report before buying?

    Yes, absolutely.
    Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

    Will I get a billing invoice upon purchase?

    Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
    If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

    Is there support available if I can’t access my report?

    Yes, certainly.
    If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.

    Our Clients
    Ocean Freight Market
    Connect With Expert
    The List of Companies

    1. A.P. Moller Maersk
    2. DB Schenker
    3. Deutsche Post AG DHL Group
    4. Expeditors International of Washington Inc.
    5. Global Shipping Services LLC
    6. KUEHNE NAGEL
    7. Kvaver LTD.
    8. Nippon Express
    9. Panalpina World Transport Holding Ltd.
    10. United Parcel Service of America Inc.
    Sales Assistance
    US: +1-646-491-9876
    UK: +44-20-8125-4005
    Email: sales@theinsightpartners.com
    Chat with us
    DUNS Logo
    87-673-9708
    ISO Certified Logo
    ISO 9001:2015
    ISO Certified Logo