Shipping Agency Service Market Growth Analysis, Market Dynamics 2024-2030

 Market Value in 2023: US$ 17.29 billion


Forecast for 2030: US$ 24.89 billion

Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology

Get FREE Sample of this Report at https://www.intelmarketresearch.com/download-free-sample/118/shipping-agency-service



Compound Annual Growth Rate (CAGR): Expected CAGR of 4.66% during the forecast period 2023-2030


Considerations in Estimation: The influence of COVID-19 and the Russia-Ukraine War were factored in while estimating market sizes.


Shipping agency services play a crucial role in the transportation of goods by sea, acting as a liaison between ship owners, charterers, and port authorities.


key facts about shipping agency services:


  • Shipping agencies provide a range of services, including port agency, liner agency, tramp agency, and freight forwarding.
  • Port agency services involve representing the interests of ship owners and charterers in port, arranging berthing, cargo handling, customs clearance, and other formalities.
  • Liner agency services involve representing the interests of shipping lines, marketing their services, and managing bookings and documentation.
  • Tramp agency services involve arranging one-off voyages for tramp ships, which do not operate on fixed schedules or routes.
  • Freight forwarding involves arranging the transport of goods by sea, air, or land, including customs clearance and documentation.
  • Shipping agencies must comply with various regulations and standards, including the International Ship and Port Facility Security Code (ISPS) and the International Maritime Dangerous Goods Code (IMDG).
  • Technology is playing an increasingly important role in shipping agency services, with many agencies adopting digital platforms to streamline processes and improve efficiency.
  • Shipping agency services are essential to the smooth functioning of the global supply chain, facilitating the movement of goods by sea and ensuring compliance with regulations and standards.

North American Market for Shipping Agency Service:


  • Market Size in 2023: Estimated at $1.71 billion.

  • Forecast for 2029: Expected to reach $2.27 billion.

  • CAGR: Anticipated CAGR of 4.88% during the forecast period 2023-2029.

Market Size in 2023: Estimated at $1.71 billion.

Forecast for 2029: Expected to reach $2.27 billion.

CAGR: Anticipated CAGR of 4.88% during the forecast period 2023-2029.

Asia-Pacific Market for Shipping Agency Service:


  • Market Size in 2023: Estimated at $4.59 billion.

  • Forecast for 2029: Expected to reach $6.49 billion.

  • CAGR: Anticipated CAGR of 5.95% during the forecast period 2023-2029.

Market Size in 2023: Estimated at $4.59 billion.

Forecast for 2029: Expected to reach $6.49 billion.

CAGR: Anticipated CAGR of 5.95% during the forecast period 2023-2029.

Global Market for Shipping Agency Service in Bulk Shipping:


  • Market Size in 2023: Estimated at $5.94 billion.

  • Forecast for 2029: Expected to reach $8.16 billion.

  • CAGR: Anticipated CAGR of 5.43% during the forecast period 2023-2029.

Market Size in 2023: Estimated at $5.94 billion.

Forecast for 2029: Expected to reach $8.16 billion.

CAGR: Anticipated CAGR of 5.43% during the forecast period 2023-2029.

Major Global Companies:


  • Key Players: DP World, COSCO Shipping, A.P. Moller-Maersk Group, CMA CGM Group, Mediterranean Shipping Company (MSC), Hapag-Lloyd, Sinotrans, Kuehne+Nagel, Evergreen Marine Corporation, etc.

  • Revenue Concentration: In 2022, the world's top three vendors accounted for approximately 26.64% of the revenue.

Key Players: DP World, COSCO Shipping, A.P. Moller-Maersk Group, CMA CGM Group, Mediterranean Shipping Company (MSC), Hapag-Lloyd, Sinotrans, Kuehne+Nagel, Evergreen Marine Corporation, etc.

Revenue Concentration: In 2022, the world's top three vendors accounted for approximately 26.64% of the revenue.

Report Scope


This report aims to provide a comprehensive presentation of the global market for Shipping Agency Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Shipping Agency Service.


The Shipping Agency Service market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Shipping Agency Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.


For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.


The report will help the Shipping Agency Service companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Company


  • DP World
  • COSCO Shipping
  • A.P. Moller-Maersk Group
  • CMA CGM Group
  • Mediterranean Shipping Company (MSC)
  • Hapag-Lloyd
  • Sinotrans
  • Kuehne+Nagel
  • Evergreen Marine Corporation
  • DHL Global Forwarding
  • Yang Ming Marine Transport Corporation
  • Hyundai Merchant Marine (HMM)
  • Inchcape Shipping Services (ISS)
  • Wilson Sons
  • Flexport
  • Mitsui O.S.K. Lines
  • Wilhelmsen
  • FESCO
  • Ben Line Agencies
  • Ningbo Zhoushan Port
  • PSA International
  • DA-Desk
  • PD Ports
  • Kanoo Shipping
  • Sharaf Shipping Agency
  • Steinweg
  • ILG Logistics
  • Supermaritime Group
  • Good Logistics
  • Cory Brothers Limited
  • Moran
  • Blue Water Shipping
  • Rauanheimos
  • Diabos
  • S5 Agency
  • GeoServe
  • Harbor Lab
  • Beacon52

Segment by Type


  • Port Agents
  • Liner Agents

Segment by Application


  • Container Shipping
  • Bulk Shipping
  • Tanker Shipping
  • Others

By Region


  • North America
    • United States
    • Canada


  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • Southeast Asia
    • India
    • Australia
    • Rest of Asia


  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Netherlands
    • Rest of Europe


  • South America
    • Mexico
    • Brazil
    • Rest of South America


  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • UAE
    • Rest of MEA

key trends shaping and transforming the shipping agency services market:


Consolidation through mergers and acquisitions - Larger shipping agencies are acquiring smaller, independent agencies to expand their service capabilities and geographic reach. This is leading to consolidation in the market.

Investments in digitalization - Shipping agencies are adopting online platforms, apps, and digital tools to improve operational efficiency and meet rising customer expectations of digital booking/tracking services. Automation is enabling faster turnaround for core agency services.

Focus on value-added services - Leading players are diversifying into more value-added services around customer analytics, market research reports, customized logistic solutions, warehouse management etc. This is helping drive revenue growth beyond traditional agency services.

Rise of niche service providers - The industry is seeing specialists emerge focused exclusively on specific shipping routes, cargo types and other niche segments. These players cater to unique customer needs in a more customized way.

Development of one-stop solutions - Large shipping houses have extended capabilities to provide integrated end-to-end shipping, freight forwarding and 3PL supply chain solutions all under one roof. This is being driven by customer demand.

Partnerships with e-commerce exporters - Agencies are actively targeting partnerships with exporters in e-commerce related consumer goods. This allows them to benefit from continued boom in global cross border e-commerce shipping.

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