Industry: Service & Software
Published Date: 2025-02-20
Pages: 71 Pages
Report ld: 4018014
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Dry Bulk Shipping Service Market Size(US$)

CAGR 2025-2031
3.2%
Market Size,2031
USD 5,513
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Dry Bulk Shipping Service was valued at US$ 4436 million in the year 2024 and is projected to reach a revised size of US$ 5513 million by 2031, growing at a CAGR of 3.2% during the forecast period.
Dry bulk shipping service refers to the transportation of dry bulk cargo by bulk carriers, including large bulk cargoes (such as iron ore, coal, grain) and ships carrying smaller bulk cargoes such as steel (coils, plates, bars), wood or logs. In dry bulk shipping, goods are usually loaded and unloaded in bulk, without the need for complex packaging and sorting. This mode of transportation is efficient, convenient and low-cost, and is suitable for long-distance transportation of large quantities of goods. Dry bulk shipping plays an important role in the global economy. It is a bridge between producers and consumers, promoting the development of global trade.
Market status and trends:
In recent years, the dry bulk shipping market has shown a trend of volatile growth. Especially in the first half of 2024, the international dry bulk shipping market will be strong, with the overall level at the third highest level since 2011. This is mainly due to strong demand from China, as well as instability factors such as tensions in the Red Sea, drought in the Panama Canal, and conflicts between Russia and Ukraine that promote the market. The rents of all ship types have increased significantly year-on-year, with the rents of large ship types such as Capesize vessels increasing particularly significantly. This reflects the increased market demand for large dry bulk carriers and the relatively tight supply of shipping capacity. Global shipping volume of major dry bulk cargo categories maintained a year-on-year growth trend. Among them, the shipment volume of bulk cargoes such as iron ore, coal, and bauxite has increased significantly. However, shipments of some goods, such as wheat, declined. This reflects differences in market demand for different goods. Looking to the future, although global shipping demand continues to grow and capacity supply maintains a low growth rate, the relatively hot trend in the first half of the year has already realized most of the benefits ahead of schedule. With overall market confidence declining, there is a high probability that the dry bulk shipping market will enter a period of adjustment in the second half of the year.
Main drivers:
Industrial production is the main driver of dry bulk shipping market demand. With the acceleration of industrialization, the demand for dry bulk cargoes in the steel, petrochemical, building materials and other industries has increased significantly. Infrastructure construction has a direct impact on dry bulk shipping market demand. With the expansion of cities and the continuous improvement of transportation networks, the demand for dry bulk cargoes such as building materials and cement has gradually increased. Energy is an important support for social and economic development and has an important impact on the market demand for dry bulk transportation. There is a huge demand for transportation of energy products such as coal and petroleum. Marine economy is one of the important directions of my country's economic development and has a great driving effect on the demand for dry bulk cargo transportation. The advancement of projects such as ocean development and liquefied natural gas transportation has further increased the market demand for dry bulk cargo transportation. With the adjustment of economic structure and the rise of emerging industries, the demand for dry bulk transportation market will show a diversified trend. Not only is the demand for traditional dry bulk cargoes such as coal and petroleum increasing, but the demand for emerging dry bulk cargoes such as agricultural products and chemicals will also grow rapidly. To sum up, the dry bulk shipping market has great development potential and broad market space.
This report aims to provide a comprehensive presentation of the global market for Dry Bulk Shipping Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Dry Bulk Shipping Service.
The Dry Bulk Shipping Service market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Dry Bulk Shipping Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Dry Bulk Shipping Service companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Dry Bulk Shipping Service company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
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All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Dry Bulk Shipping Service Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Time Charter
1.2.3 Voyage
1.3 Market by Application
1.3.1 Global Dry Bulk Shipping Service Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Iron Ore
1.3.3 Coal
1.3.4 Grain
1.3.5 Steel Products
1.3.6 Lumber or Log
1.3.7 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Dry Bulk Shipping Service Market Perspective (2020-2031)
2.2 Global Dry Bulk Shipping Service Growth Trends by Region
2.2.1 Global Dry Bulk Shipping Service Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Dry Bulk Shipping Service Historic Market Size by Region (2020-2025)
2.2.3 Dry Bulk Shipping Service Forecasted Market Size by Region (2026-2031)
2.3 Dry Bulk Shipping Service Market Dynamics
2.3.1 Dry Bulk Shipping Service Industry Trends
2.3.2 Dry Bulk Shipping Service Market Drivers
2.3.3 Dry Bulk Shipping Service Market Challenges
2.3.4 Dry Bulk Shipping Service Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Dry Bulk Shipping Service Players by Revenue
3.1.1 Global Top Dry Bulk Shipping Service Players by Revenue (2020-2025)
3.1.2 Global Dry Bulk Shipping Service Revenue Market Share by Players (2020-2025)
3.2 Global Dry Bulk Shipping Service Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Dry Bulk Shipping Service Revenue
3.4 Global Dry Bulk Shipping Service Market Concentration Ratio
3.4.1 Global Dry Bulk Shipping Service Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Dry Bulk Shipping Service Revenue in 2024
3.5 Global Key Players of Dry Bulk Shipping Service Head office and Area Served
3.6 Global Key Players of Dry Bulk Shipping Service, Product and Application
3.7 Global Key Players of Dry Bulk Shipping Service, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Dry Bulk Shipping Service Breakdown Data by Type
4.1 Global Dry Bulk Shipping Service Historic Market Size by Type (2020-2025)
4.2 Global Dry Bulk Shipping Service Forecasted Market Size by Type (2026-2031)
5 Dry Bulk Shipping Service Breakdown Data by Application
5.1 Global Dry Bulk Shipping Service Historic Market Size by Application (2020-2025)
5.2 Global Dry Bulk Shipping Service Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Dry Bulk Shipping Service Market Size (2020-2031)
6.2 North America Dry Bulk Shipping Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Dry Bulk Shipping Service Market Size by Country (2020-2025)
6.4 North America Dry Bulk Shipping Service Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Dry Bulk Shipping Service Market Size (2020-2031)
7.2 Europe Dry Bulk Shipping Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Dry Bulk Shipping Service Market Size by Country (2020-2025)
7.4 Europe Dry Bulk Shipping Service Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Dry Bulk Shipping Service Market Size (2020-2031)
8.2 Asia-Pacific Dry Bulk Shipping Service Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Dry Bulk Shipping Service Market Size by Region (2020-2025)
8.4 Asia-Pacific Dry Bulk Shipping Service Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Dry Bulk Shipping Service Market Size (2020-2031)
9.2 Latin America Dry Bulk Shipping Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Dry Bulk Shipping Service Market Size by Country (2020-2025)
9.4 Latin America Dry Bulk Shipping Service Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Dry Bulk Shipping Service Market Size (2020-2031)
10.2 Middle East & Africa Dry Bulk Shipping Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Dry Bulk Shipping Service Market Size by Country (2020-2025)
10.4 Middle East & Africa Dry Bulk Shipping Service Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Diana Shipping
11.1.1 Diana Shipping Company Details
11.1.2 Diana Shipping Business Overview
11.1.3 Diana Shipping Dry Bulk Shipping Service Introduction
11.1.4 Diana Shipping Revenue in Dry Bulk Shipping Service Business (2020-2025)
11.1.5 Diana Shipping Recent Development
11.2 Star Bulk
11.2.1 Star Bulk Company Details
11.2.2 Star Bulk Business Overview
11.2.3 Star Bulk Dry Bulk Shipping Service Introduction
11.2.4 Star Bulk Revenue in Dry Bulk Shipping Service Business (2020-2025)
11.2.5 Star Bulk Recent Development
11.3 Genco Shipping
11.3.1 Genco Shipping Company Details
11.3.2 Genco Shipping Business Overview
11.3.3 Genco Shipping Dry Bulk Shipping Service Introduction
11.3.4 Genco Shipping Revenue in Dry Bulk Shipping Service Business (2020-2025)
11.3.5 Genco Shipping Recent Development
11.4 Globus Maritime Limited
11.4.1 Globus Maritime Limited Company Details
11.4.2 Globus Maritime Limited Business Overview
11.4.3 Globus Maritime Limited Dry Bulk Shipping Service Introduction
11.4.4 Globus Maritime Limited Revenue in Dry Bulk Shipping Service Business (2020-2025)
11.4.5 Globus Maritime Limited Recent Development
11.5 Golden Ocean Group Limited
11.5.1 Golden Ocean Group Limited Company Details
11.5.2 Golden Ocean Group Limited Business Overview
11.5.3 Golden Ocean Group Limited Dry Bulk Shipping Service Introduction
11.5.4 Golden Ocean Group Limited Revenue in Dry Bulk Shipping Service Business (2020-2025)
11.5.5 Golden Ocean Group Limited Recent Development
11.6 Navios Maritime Holdings
11.6.1 Navios Maritime Holdings Company Details
11.6.2 Navios Maritime Holdings Business Overview
11.6.3 Navios Maritime Holdings Dry Bulk Shipping Service Introduction
11.6.4 Navios Maritime Holdings Revenue in Dry Bulk Shipping Service Business (2020-2025)
11.6.5 Navios Maritime Holdings Recent Development
11.7 Navios Maritime Partners L.P.
11.7.1 Navios Maritime Partners L.P. Company Details
11.7.2 Navios Maritime Partners L.P. Business Overview
11.7.3 Navios Maritime Partners L.P. Dry Bulk Shipping Service Introduction
11.7.4 Navios Maritime Partners L.P. Revenue in Dry Bulk Shipping Service Business (2020-2025)
11.7.5 Navios Maritime Partners L.P. Recent Development
11.8 Pangaea Logistics Solutions Ltd.
11.8.1 Pangaea Logistics Solutions Ltd. Company Details
11.8.2 Pangaea Logistics Solutions Ltd. Business Overview
11.8.3 Pangaea Logistics Solutions Ltd. Dry Bulk Shipping Service Introduction
11.8.4 Pangaea Logistics Solutions Ltd. Revenue in Dry Bulk Shipping Service Business (2020-2025)
11.8.5 Pangaea Logistics Solutions Ltd. Recent Development
11.9 Safe Bulkers
11.9.1 Safe Bulkers Company Details
11.9.2 Safe Bulkers Business Overview
11.9.3 Safe Bulkers Dry Bulk Shipping Service Introduction
11.9.4 Safe Bulkers Revenue in Dry Bulk Shipping Service Business (2020-2025)
11.9.5 Safe Bulkers Recent Development
11.10 Seanergy Maritime Holdings
11.10.1 Seanergy Maritime Holdings Company Details
11.10.2 Seanergy Maritime Holdings Business Overview
11.10.3 Seanergy Maritime Holdings Dry Bulk Shipping Service Introduction
11.10.4 Seanergy Maritime Holdings Revenue in Dry Bulk Shipping Service Business (2020-2025)
11.10.5 Seanergy Maritime Holdings Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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