Shipping Agency Services Market Size - By Service Type (Cargo Handling, Custom Clearance, Container Services, Cargo Insurance), Agency Type (Port Agency, Cargo Agency, Charter Agency), Growth Prospects, Regional Outlook & Global Forecast, 2023

Description

List of Tables

Shipping agency services market size is projected to expand at over 6.2% CAGR from 2023 to 2032. The global expansion of trade and shipping activities is fueling the demand for efficient agency services to facilitate smooth port operations. The digitalization of maritime logistics, adoption of advanced technologies, and real-time communication tools is making way for enhanced operational efficiency of shipping agencies. For instance, in February 2023, Israeli shipping company ZIM Integrated Shipping Services and Hai An Transport and Stevedoring (HATS) jointly launched Lotus Link to collaboratively manage domestic shipping services in Vietnam.

The increasing size and complexity of vessels is further necessitating professional agency support for navigation, documentation, and compliance with regulations. Additionally, the rising trend of outsourcing non-core activities to specialized agencies coupled with the strong focus on sustainability and environmental compliance in maritime operations will amplify the market growth.

The shipping agency services industry is segregated into service type, agency type, and region.

Based on service type, the industry share from the cargo handling segment is estimated to rise at substantial CAGR from 2023 to 2032, owing to the increasing volume of global trade and maritime activities. Shipping agencies play a crucial role in efficient cargo operations, making these services high in demand for loading, unloading, and overseeing cargo logistics. Moreover, the rapid rate of international trade, port expansions, and the rising need for specialized expertise in cargo handling will also add to the segment growth.

Shipping agency services market share from the charter agency segment is projected to increase at rapid pace between 2023 and 2032, owing to the heightened demand for specialized expertise in managing chartering arrangements. The increasing global trade, diverse cargo types, and the rising need for strategic planning to navigate market fluctuations efficiently within the chartering domain will boost the segment expansion.

Regionally, the Asia Pacific shipping agency services industry is projected to expand at appreciable CAGR from 2023 to 2032, due to the robust maritime trade, expanding ports, and increased globalization. The rising demand for specialized agency services to navigate complex regulatory environments, diverse cargo types, and the growing significance of Asian economies in global trade will drive the regional market.

Product Code: 7271

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Shipping agency services market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Service type trends
2.5 Agency type trends

Chapter 3 Shipping Agency Services Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Increase in use of standardized containers and intermodal transportation methods
  - 3.10.1.2 High focus on technological advancements
  - 3.10.1.3 Increase in supply chain optimization
  - 3.10.1.4 Growing E-commerce and retail industry
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Increasing environmental concerns
  - 3.10.2.2 Complex regulatory compliance
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 DP World
- 4.3.2 Hutchison Ports
- 4.3.3 PSA International
- 4.3.4 Cargotec
- 4.3.5 Flexport
- 4.3.6 Expeditors International
- 4.3.7 DHL Global Forwarding
- 4.3.8 Kuehne + Nagel
- 4.3.9 CEVA Logistics
- 4.3.10 CMA CGM Group
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Shipping Agency Services Market Estimates & Forecast, By Service Type

5.1 Key trends, by service type
- 5.1.1 Cargo Handling
- 5.1.2 Custom Clearance
- 5.1.3 Container Services
- 5.1.4 Cargo Insurance
- 5.1.5 Others

Chapter 6 Shipping Agency Services Market Estimates & Forecast, By Agency Type

6.1 Key trends, by agency type
6.2 Port Agency
6.3 Cargo Agency
6.4 Charter Agency
6.5 Others

Chapter 7 Shipping Agency Services Market Estimates & Forecast, By Region

7.1 Key trends, by region
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 U.K.
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Russia
- 7.3.7 Norway
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 ANZ
- 7.4.6 Southeast Asia
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
7.6 MEA
- 7.6.1 UAE
- 7.6.2 South Africa
- 7.6.3 Saudi Arabia

Chapter 8 Company Profiles

8.1 APM Terminals
8.2 DP World
8.3 Hutchison Ports
8.4 PSA International
8.5 Cargotec
8.6 Flexport
8.7 Expeditors International
8.8 DHL Global Forwarding
8.9 Kuehne + Nagel
8.10 CEVA Logistics
8.11 CMA CGM Group
8.12 Mediterranean Shipping Company (MSC)
8.13 Hapag-Lloyd
8.14 Mitsui O.S.K. Lines
8.15 Triton Container International
8.16 American International Group
8.17 Chubb
8.18 Zurich Insurance Group