Industry: Service & Software
Published Date: 2026-03-05
Pages: 103 Pages
Report ld: 6014117
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Dry Bulk Shipping Service Market Size(US$)

CAGR 2026-2032
3.2%
Market Size,2032
USD 5,672
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Dry Bulk Shipping Service market was valued at US$ 4564 million in 2025 and is anticipated to reach US$ 5672 million by 2032, at a CAGR of 3.2% from 2026 to 2032.
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 delivers a comprehensive overview of the global Dry Bulk Shipping Service market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Dry Bulk Shipping Service. The Dry Bulk Shipping Service market size, estimates, and forecasts are provided in terms of revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.
The report segments the global Dry Bulk Shipping Service market comprehensively. Regional market sizes by Type, by Application, , and by player are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.
This report will assist Dry Bulk Shipping Service manufacturers, new entrants, and companies across the industry value chain with information on revenues, sales volume, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, , etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Summarizes global and regional market size and outlines market dynamics and recent developments, including key drivers, restraints, challenges and risks for industry participants, and relevant policy analysis.
Chapter 3: Provides a detailed view of the competitive landscape for Dry Bulk Shipping Service companies, covering revenue share, development plans, and mergers and acquisitions.
Chapter 4: Analyzes segments by Type, detailing the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 5: Analyzes segments by Application, detailing the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 6–10: Regional deep dives (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) broken down by country. Each chapter quantifies market size and growth potential by region and key countries, and outlines market development, outlook, addressable space, and capacity.
Chapter 11: Profiles key players, presenting essential information on leading companies, including product/ service offerings, revenue, gross margin, product introductions/portfolios, recent developments, etc.
Chapter 12: Key findings 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: 2021 vs 2025 vs 2032
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: 2021 vs 2025 vs 2032
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 (2021–2032)
2.2 Global Dry Bulk Shipping Service Growth Trends by Region
2.2.1 Global Dry Bulk Shipping Service Market Size by Region: 2021 vs 2025 vs 2032
2.2.2 Dry Bulk Shipping Service Historic Market Size by Region (2021–2026)
2.2.3 Dry Bulk Shipping Service Forecasted Market Size by Region (2027–2032)
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 (2021–2026)
3.1.2 Global Dry Bulk Shipping Service Revenue Market Share by Players (2021–2026)
3.2 Global Top Dry Bulk Shipping Service Players Market Share by Company Tier (Tier 1, Tier 2, 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 2025
3.5 Global Key Players of Dry Bulk Shipping Service Head Offices and Areas Served
3.6 Global Key Players of Dry Bulk Shipping Service, Products and Applications
3.7 Global Key Players of Dry Bulk Shipping Service, Date of General Availability (GA)
3.8 Mergers and Acquisitions, Expansion Plans
4 Dry Bulk Shipping Service Breakdown Data by Type
4.1 Global Dry Bulk Shipping Service Historic Market Size by Type (2021–2026)
4.2 Global Dry Bulk Shipping Service Forecasted Market Size by Type (2027–2032)
5 Dry Bulk Shipping Service Breakdown Data by Application
5.1 Global Dry Bulk Shipping Service Historic Market Size by Application (2021–2026)
5.2 Global Dry Bulk Shipping Service Forecasted Market Size by Application (2027–2032)
6 North America
6.1 North America Dry Bulk Shipping Service Market Size (2021–2032)
6.2 North America Dry Bulk Shipping Service Market Growth Rate by Country: 2021 vs 2025 vs 2032
6.3 North America Dry Bulk Shipping Service Market Size by Country (2021–2026)
6.4 North America Dry Bulk Shipping Service Market Size by Country (2027–2032)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Dry Bulk Shipping Service Market Size (2021–2032)
7.2 Europe Dry Bulk Shipping Service Market Growth Rate by Country: 2021 vs 2025 vs 2032
7.3 Europe Dry Bulk Shipping Service Market Size by Country (2021–2026)
7.4 Europe Dry Bulk Shipping Service Market Size by Country (2027–2032)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Ireland
8 Asia-Pacific
8.1 Asia-Pacific Dry Bulk Shipping Service Market Size (2021–2032)
8.2 Asia-Pacific Dry Bulk Shipping Service Market Growth Rate by Region: 2021 vs 2025 vs 2032
8.3 Asia-Pacific Dry Bulk Shipping Service Market Size by Region (2021–2026)
8.4 Asia-Pacific Dry Bulk Shipping Service Market Size by Region (2027–2032)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia & New Zealand
9 Latin America
9.1 Latin America Dry Bulk Shipping Service Market Size (2021–2032)
9.2 Latin America Dry Bulk Shipping Service Market Growth Rate by Country: 2021 vs 2025 vs 2032
9.3 Latin America Dry Bulk Shipping Service Market Size by Country (2021–2026)
9.4 Latin America Dry Bulk Shipping Service Market Size by Country (2027–2032)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Dry Bulk Shipping Service Market Size (2021–2032)
10.2 Middle East & Africa Dry Bulk Shipping Service Market Growth Rate by Country: 2021 vs 2025 vs 2032
10.3 Middle East & Africa Dry Bulk Shipping Service Market Size by Country (2021–2026)
10.4 Middle East & Africa Dry Bulk Shipping Service Market Size by Country (2027–2032)
10.5 Israel
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 (2021–2026)
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 (2021–2026)
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 (2021–2026)
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 (2021–2026)
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 (2021–2026)
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 (2021–2026)
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 (2021–2026)
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 (2021–2026)
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 (2021–2026)
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 (2021–2026)
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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