Global Shipbroking Market Size By Type (Container Vessels, Tankers, Dry Bulk), By End Use (Oil And Gas, Manufacturing), By Geographic Scope And Forecast

Shipbroking Market Size And Forecast

Shipbroking Market size was valued at USD 1.46 Billion in 2024 and is projected to reach USD 1.79 Billion by 2032, growing at a CAGR of 2.91% from 2026 to 2032.

Factors such as rising demand for cargo logistics, increasing demand from the manufacturing sector, government imports and exports, and a growing number of logistics companies are boosting the market growth. The Global Shipbroking Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Shipbroking Market Definition

Shipbroking is defined as the financial service provided by the intermediaries or negotiators to shipowners who use ships to transport cargo. These services focus on the transport of freight luggage as well as buying and selling of vessels. The broking services include current opportunities and market trends which can benefit shipowners, charterers, investors, and bankers. The growth in logistics transportation drives the demand for this market. The growing oil and gas market and offshore projects also drive growth for this market.

Moreover, the advent of newer technologies like blockchain, artificial intelligence, and machine learning in marine business solutions is positively impacting this market. It helps in achieving the key value addition in the shipping process by providing expertise on the current demand and supply of cargo ships and in-depth information about the freight market. The growing number of third-party agencies in the shipping business is a major factor in demand for this market. This market is boosted by the government regulations laid down to provide insurance claims for the loss due to sinking or any other mishap. The increase in cross-border imports and the rise in demand for shipping services are major contributors to demand in this market.

Global Shipbroking Market Overview

Factors such as rising demand for cargo logistics, increasing demand from the manufacturing sector, government imports and exports, and a growing number of logistics companies are boosting the market growth. Moreover, the partnerships between manufacturers and third-party providers in order to strengthen the supply chain are expected to fuel the revenue growth of the global Shipbroking Market in the upcoming years. However, a lack of trained professionals and low knowledge and awareness about documentation services might hamper the overall growth of the market.

Global Shipbroking Market Segmentation Analysis

The Global Shipbroking Market is Segmented on the basis of Type, End Use, and Geography.

Shipbroking Market, By Type

• Container Vessels
• Tankers
• Dry Bulk
• Valuations
• Recycling

Based on Type, the market is segmented into Container Vessels, Tankers, Dry Bulk, Valuations, and Recycling. A substantial rise is expected in the dry bulk and container vessel market in the forecast period.

Shipbroking Market, By End Use

• Oil and Gas
• Manufacturing
• Aerospace and Defense
• Government
• Others

Based on End Use, the market is segmented into Oil and Gas, Manufacturing, Aerospace and Defense, Government, and Others. With the rise in supply and demand of oil and gas, the growth of this market is on rising.

Shipbroking Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World
• On the basis of Regional Analysis, the Global Shipbroking Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America and Europe have the highest market share primarily due to the number of shipbroking centers found in these regions.

Key Players

The "Global Shipbroking Market" study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Barry Rogliano Salles International S.A., Braemar Shipping Services Plc, BRIGHT COOK and CO LIMITED, Charles R Weber Company, Inc., Clarkson Plc, Compass Maritime Services LLC, Gibson Shipbrokers, Maersk Brokers, Simpson Spence Young, Poten and Partners Group.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In April 2022, The COVID-19 outbreak in China has new implications for the shipping industry.
• In April 2022, VLGC rates are rising as Russian limitations drive up the price of naphtha.
• In Feb 2022, The Secondhand bulkers are in high demand, but new construction is still behind.
• In Feb 2022, The pace of ship recycling has accelerated, with costs rising across the board.