Dublin, June 08, 2021 (GLOBE NEWSWIRE) -- The "Dry Bulk Materials Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global dry bulk materials market as it emerges from the COVID-19 shut down.
The global dry bulk materials market is expected to grow from $284.86 billion in 2020 to $306.53 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $389.46 billion in 2025 at a CAGR of 6.2%.
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Where is the largest and fastest growing market for the dry bulk materials ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Dry Bulk Material market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider dry bulk materials market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The dry bulk materials market section of the report gives context. It compares the dry bulk materials market with other segments of the dry bulk materials market by size and growth, historic and forecast.
Major players in the dry bulk materials trucking market are Melvin Orr Trucking, C.H. Robinson, J.B. Hunt Transport Services Inc., YRC Freight, Swift Transportation, Landstar System Inc., Transpro Burgener, Bulkmatic, Kenan Advantage Group, and Quality Distribution.
The dry bulk materials trucking market consists of sales of dry bulk materials trucking services by entities (organizations, sole traders, and partnerships) that provide over-the-road transportation of dry bulk materials. Only goods and services traded between entities or sold to end consumers are included.
The dry bulk material trucking market is increasingly using technology for higher output and efficiency which is gaining significant popularity in the dry bulk materials trucking market. The use of technology includes artificial intelligence, automation, the use of apps, and others. For instance, in April 2020, Roger, a technology company for trucks has developed an app that will provide real-time information about the status and location of all their current loads boosting the efficiency of the businesses. The technology reduces information generation time, digitizes paperwork, tickets, and back-and-forth communication. The app will have features such as paperless tickets, fast digital payment processing, integrations with major industry ERPs, and a digital freight marketplace.
The dry bulk materials trucking market covered in this report is segmented by commodity type into iron ore, coal, and pet coke, grains and agricultural products, cement/ aggregates, fertilizers, others, by application into food and beverages, construction, automotive, energy and mining, agriculture, chemicals, others.
In September 2020, TFI International Inc., a Canada-based transport and logistics company operating across the USA, Canada, and Mexico, acquired CCC Transportation for $6.8 million. The company acquired all the assets of CCC Transportation and related real estate and equipment. The acquisition will help TFI International Inc. to expand its footprints in the USA specialized truckload business. CCC Transportation is a USA-based bulk carrier company that offers dry vans, intermodal, dedicated fleets, logistics, and retail direct delivery.
Rising demand for raw material for the manufacturing, defense, and infrastructure sectors is driving the growth of the dry bulk material trucking market. This upsurge in demand is attributed to the rise in industrialization, population, and urbanization. For instance, according to the report of the World Bank, the European mineral raw materials industry demonstrated a considerable increase in the production of minerals needed for clean energy technologies. It additionally clarifies the requirement for a wide range of minerals and metals for implementing renewable energy strategies and their related infrastructure. The demand for minerals such as graphite, lithium, and cobalt is expected to be as high as 500% by 2050. There is a need for efficient dry bulk trucks to carry these dry bulk materials, thereby driving the market for the dry bulk material trucking market.
The restrictions on high rates of carbon emissions from dry bulk carrier trucks are expected to limit the growth of the dry bulk material trucking market. According to the United States, Environmental Protection Agency's report of transportation greenhouse gas emissions published in 2018, 23% of greenhouse gases are emitted by heavy-duty trucks which include dry bulk and other materials. These high CO2 emission rates can cause hazardous environmental effects such as ozone depletion, climate change, and others. To control the CO2 release, in May 2018, the EU Commission proposed a regulation setting the first-ever CO2 emission performance standards for new heavy-duty vehicles. The targeted reduction in average CO2 emissions from heavy-duty vehicles in 2025 is likely to be 15% lower than in 2019. Such impositions can cause a threat to dry bulk carrier trucks as it increases operational expenditure, thus, restricting the growth of the dry bulk material trucking market.
Key Topics Covered:
1. Executive Summary
2. Dry Bulk Materials Trucking Market Characteristics
3. Dry Bulk Materials Trucking Market Trends and Strategies
4. Impact of COVID-19 on Dry Bulk Materials Trucking
5. Dry Bulk Materials Trucking Market Size and Growth
5.1. Global Dry Bulk Materials Trucking Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Dry Bulk Materials Trucking Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Dry Bulk Materials Trucking Market Segmentation
7. Dry Bulk Materials Trucking Market Regional and Country Analysis
7.1. Global Dry Bulk Materials Trucking Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Dry Bulk Materials Trucking Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Dry Bulk Materials Trucking Market
9. China Dry Bulk Materials Trucking Market
10. India Dry Bulk Materials Trucking Market
11. Japan Dry Bulk Materials Trucking Market
12. Australia Dry Bulk Materials Trucking Market
13. Indonesia Dry Bulk Materials Trucking Market
14. South Korea Dry Bulk Materials Trucking Market
15. Western Europe Dry Bulk Materials Trucking Market
16. UK Dry Bulk Materials Trucking Market
17. Germany Dry Bulk Materials Trucking Market
18. France Dry Bulk Materials Trucking Market
19. Eastern Europe Dry Bulk Materials Trucking Market
20. Russia Dry Bulk Materials Trucking Market
21. North America Dry Bulk Materials Trucking Market
22. USA Dry Bulk Materials Trucking Market
23. South America Dry Bulk Materials Trucking Market
24. Brazil Dry Bulk Materials Trucking Market
25. Middle East Dry Bulk Materials Trucking Market
26. Africa Dry Bulk Materials Trucking Market
27. Dry Bulk Materials Trucking Market Competitive Landscape and Company Profiles
27.1. Dry Bulk Materials Trucking Market Competitive Landscape
27.2. Dry Bulk Materials Trucking Market Company Profiles
27.2.1. Melvin Orr Trucking
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. C.H. Robinson
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. J.B. Hunt Transport Services Inc.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. YRC Freight
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Swift Transportation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
29. Key Mergers and Acquisitions in the Dry Bulk Materials Trucking Market
29. Dry Bulk Materials Trucking Market Future Outlook and Potential Analysis
30. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/crwipx