The global cargo vessel market size was valued at USD 37.07 billion in 2022. The market is projected to grow from USD 49.22 billion in 2023 to USD 61.77 billion by 2030, exhibiting a CAGR of 3.3% during the forecast period.

Cargo vessels are used to transport materials and goods from one port to another. The cargo vessels comes in various sizes based on the quantity needed and the size of the port. The increasing maritime trade activities globally is expected to drive cargo vessel market growth during the forecast period.

Fortune Business Insights™ mentioned this in a report titled, “Cargo Vessel Market, 2023-2030.”

List of Key Players Present in the Report:

• Hyundai Heavy Industries Co. Ltd (HHI) (South Korea)
• Namura Shipbuilding Co Ltd (Japan)
• Damen Shipyards Group (Netherlands)
• Korea Shipbuilding & Offshore Engineering (South Korea)
• Samsung Heavy Industries (South Korea)
• Daewoo Shipbuilding & Marine Engineering (South Korea)
• General Dynamic NASSCO (U.S.)
• Mitsubishi Heavy Industries (Japan)
• Mazagon Dock Shipbuilders Limited (India)
• China State Shipbuilding Corporation (China)

Information Source:

https://www.fortunebusinessinsights.com/cargo-vessel-market-108601

Segments

Bulk Carriers Segment to Grow due to their Rising Demand to Transport Goods