Key Takeaways
- The global cargo shipping market size was valued at approximately USD 14.18 trillion in 2022 and is projected to reach USD 16.52 trillion by 2027, growing at a CAGR of 3.07%.
- Global freight and logistics market revenue reached USD 5.4 trillion in 2022, expected to grow to USD 12.2 trillion by 2030 at a CAGR of 10.7%.
- The Asia-Pacific region dominated the cargo shipping market with 45% share in 2022, valued at USD 6.38 trillion.
- In 2023, the international air cargo market handled 62.3 million metric tons of freight, marking a 1.3% increase year-over-year.
- Air cargo demand surged by 11.3% in 2021, with e-commerce contributing 25% of total volumes.
- DHL Express handled 2.1 billion shipments in 2022, with air cargo comprising 40% of its network.
- Container shipping accounted for 90% of global non-bulk cargo trade volume in 2022, with 180 million TEUs shipped worldwide.
- In 2022, the global container port throughput reached 807 million TEUs, up 2.6% from 2021.
- Dry bulk carriers transported 5.3 billion tons of cargo in 2022, led by iron ore at 1.2 billion tons.
- The U.S. trucking industry transported 72.5% of the nation's freight by value and over 72.1% by tonnage in 2022.
- Rail freight in Europe carried 463 billion tonne-kilometers in 2021, representing 18% of total inland freight.
- U.S. road freight revenue hit USD 937 billion in 2022, with trucks moving 10.47 billion tons of goods.
- Maritime transport emissions accounted for 3% of global GHG emissions in 2018, with projections to rise to 17% by 2050 without mitigation.
- By 2030, the cargo industry aims for net-zero emissions through adoption of alternative fuels like LNG and hydrogen.
- Electrification of freight trucks could reduce CO2 emissions by 40% by 2040 in Europe.
The cargo industry is massive, growing fast, and now urgently working to reduce its emissions.
Air Cargo Statistics
- In 2023, the international air cargo market handled 62.3 million metric tons of freight, marking a 1.3% increase year-over-year.
- Air cargo demand surged by 11.3% in 2021, with e-commerce contributing 25% of total volumes.
- DHL Express handled 2.1 billion shipments in 2022, with air cargo comprising 40% of its network.
- FedEx air cargo volume reached 4.2 million metric tons in fiscal 2023, up 7% YoY.
- Emirates SkyCargo carried 2.1 million tonnes in 2022/23, serving 130+ destinations.
- Qatar Airways Cargo fleet of 28 freighters handled 1.5 million tons in 2022.
- UPS air cargo volume was 5.3 million metric tons in 2022.
- Turkish Airlines Cargo transported 1.4 million tons in 2022 across 315 destinations.
- Lufthansa Cargo Group volume 1.9 million metric tons in 2022.
- Korean Air Cargo carried 1.2 million tons in 2022.
- Cathay Pacific Cargo 1.05 million tons in 2022.
- Air France-KLM Cargo 1.1 million tons FY2022.
- ANA Cargo Japan 1.3 million tons FY2022.
- Polar Air Cargo partners handled 500k tons 2022.
- Nippon Cargo Airlines 850k tons FY2022.
- Atlas Air 1 million tons 2022.
- Cargolux 420k tons 2022.
Air Cargo Statistics Interpretation
Land Freight
- The U.S. trucking industry transported 72.5% of the nation's freight by value and over 72.1% by tonnage in 2022.
- Rail freight in Europe carried 463 billion tonne-kilometers in 2021, representing 18% of total inland freight.
- U.S. road freight revenue hit USD 937 billion in 2022, with trucks moving 10.47 billion tons of goods.
- China's rail freight volume was 4.65 billion tons in 2022, up 2.4% from prior year.
- EU road freight accounted for 76% of inland transport volume at 1,780 billion tonne-km in 2021.
- India's road freight market was INR 7.5 trillion in FY2022, with 70% unorganized.
- Brazil's rail freight volume reached 241 million tons in 2022, up 3%.
- Russia's rail freight hit 1.29 billion tons in 2022, 2% growth.
- Germany's road freight was 3.4 billion tons in 2022.
- Japan's rail freight 96 million tons in FY2022.
- France road freight 1.8 billion ton-km in 2022.
- UK rail freight 60 million tons in 2022/23.
- Australia road freight AUD 120 billion 2022.
- Canada rail freight 338 million tons 2022.
- Mexico road freight 1.2 billion tons 2022.
- South Africa rail freight 20 million tons 2022.
- Indonesia road freight 1.5 billion tons 2022.
Land Freight Interpretation
Maritime Cargo
- Container shipping accounted for 90% of global non-bulk cargo trade volume in 2022, with 180 million TEUs shipped worldwide.
- In 2022, the global container port throughput reached 807 million TEUs, up 2.6% from 2021.
- Dry bulk carriers transported 5.3 billion tons of cargo in 2022, led by iron ore at 1.2 billion tons.
- LNG carriers fleet grew to 562 vessels in 2023, carrying 175 million tons annually.
- Global tanker fleet transported 3.2 billion tons of oil in 2022, with VLCCs handling 60%.
- Panama Canal transited 38,388 vessels in FY2022, carrying 591.6 million tonnes.
- Suez Canal revenue hit USD 9.4 billion in FY2022/23 with 25,887 transits.
- Global ro-ro cargo volume was 140 million vehicles in 2022.
- Maersk handled 12 million FFE in 2022, 2.1% market share.
- Baltic Dry Index averaged 1,800 points in 2022.
- Singapore port handled 37.3 million TEUs in 2022.
- Shanghai port 47.3 million TEUs in 2022.
- Rotterdam port 14.5 million TEUs 2022.
- Busan port 22.8 million TEUs 2022.
- Ningbo-Zhoushan port 33.35 million TEUs 2022.
- Antwerp port 12.5 million TEUs 2022.
- Dubai Jebel Ali port 13.7 million TEUs 2022.
Maritime Cargo Interpretation
Market Size & Economic Impact
- The global cargo shipping market size was valued at approximately USD 14.18 trillion in 2022 and is projected to reach USD 16.52 trillion by 2027, growing at a CAGR of 3.07%.
- Global freight and logistics market revenue reached USD 5.4 trillion in 2022, expected to grow to USD 12.2 trillion by 2030 at a CAGR of 10.7%.
- The Asia-Pacific region dominated the cargo shipping market with 45% share in 2022, valued at USD 6.38 trillion.
- Global air freight market projected to grow from USD 139.64 billion in 2023 to USD 192.85 billion by 2030 at CAGR 4.6%.
- U.S. freight forwarding market size was USD 30.5 billion in 2022, growing at 4.2% CAGR.
- International road freight market valued at EUR 100 billion in 2022 in Europe.
- Global cargo drone market expected to reach USD 5.2 billion by 2027 from USD 0.8 billion in 2020.
- Middle East cargo shipping market grew at 4.5% CAGR to USD 1.2 trillion in 2022.
- North America freight brokerage market size USD 100 billion in 2023.
- Latin America cargo market projected USD 300 billion by 2025.
- Europe air cargo market USD 25 billion in 2022.
- Africa freight logistics market USD 50 billion in 2022.
- China freight forwarding market USD 150 billion 2022.
- SEA air cargo market USD 15 billion 2022.
- India logistics market USD 215 billion FY2022.
- Global cold chain logistics USD 250 billion 2022.
- Australia freight market AUD 150 billion 2022.
Market Size & Economic Impact Interpretation
Sustainability & Future Trends
- Maritime transport emissions accounted for 3% of global GHG emissions in 2018, with projections to rise to 17% by 2050 without mitigation.
- By 2030, the cargo industry aims for net-zero emissions through adoption of alternative fuels like LNG and hydrogen.
- Electrification of freight trucks could reduce CO2 emissions by 40% by 2040 in Europe.
- Cargo industry digitalization expected to save USD 1.5 trillion annually by 2030 through automation.
- Hydrogen-powered ships could cut maritime emissions by 30% by 2035.
- Blockchain in cargo logistics projected to reduce documentation time by 80% by 2025.
- Autonomous trucks could cut freight costs by 45% by 2040.
- Green corridors in shipping could reduce emissions by 20% by 2030.
- AI in logistics to optimize routes saving 10-20% fuel by 2025.
- Carbon capture tech for ships to offset 5-10% emissions by 2030.
- Biofuels adoption in aviation cargo to cut 80% lifecycle emissions.
- IoT sensors in containers to reduce losses by 25%.
- Wind-assisted propulsion for ships saves 5-20% fuel.
- 3D printing spares reduces air cargo needs by 30%.
- Predictive analytics cuts cargo delays by 15-20%.
- Electrified rail freight emissions 90% lower than road.
- Zero-emission vessels 10% of fleet by 2030 goal.
Sustainability & Future Trends Interpretation
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