
Global Car Carrier Market: Insights & Forecast with Potential Impact of COVID-19 (2024-2028)
Description
Global Car Carrier Market: Insights & Forecast with Potential Impact of COVID-19 (2024-2028)
Car carriers form a vital part of the infrastructure chain for the global car manufacturing industry, as the production sites and end-user markets are often in different continents. The differentiating factor for the car carriers is how many car equivalent units (CEU) these vessels can carry. The largest vessel in the global fleet has a capacity of 8,500 CEU.
The global car carrier market by value is anticipated to reach US$1035.36 million in 2028, growing at a CAGR of 3% during the period spanning 2024-2028. The growth in the market has been driven by factors like rising urban population, higher vehicle sales, rising demand for foreign vehicles, and improvement in vessel designs. The market is expected to face certain challenges such as piracy threats, capacity fluctuations and geo-political tensions. To overcome these challenges, the market would witness some key trends like escalating technological advancements, upsurge in use of electric vehicles, and artificial intelligence.
The global car carrier market by value can be segmented as follows: Enclosed, and Open. In 2023, the dominant share of the market was being held by enclosed segment. The global car transportation market volume by region can be segmented into the following: Japan, Europe, Korea, NAFTA, ASEAN, China, and Others. In 2023, the dominant share of the market was held by Japan.
Scope of the report:
- The report provides a comprehensive analysis of the global car carrier market, segmented into: open and enclosed.
- The major regional markets Japan, Europe, Korea, NAFTA, ASEAN, China, and Others have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (K Line, NYK Line, MOL, Grimaldi, Wallenius Wilhelmsen ASA’s, and Hyundai Glovis) are also presented in detail.
- Car Manufactures
- Vessel Manufacturers
- Car Carriers
- End Users (Consumers)
- Investment Banks
- Government Bodies & Regulating Authorities
Table of Contents
71 Pages
- 1. Market Overview
- 1.1 Car Carrier
- 1.1.1 Introduction
- 1.1.2 History
- Table 1: Benefits and Disadvantages of Car Carrier
- 1.2 Types of Cars Carrier
- Table 2: Types of Cars Carrier
- 1.3 Segments of Car Carrier Fleet by Carrying Capacity
- Table 3: Segments of Car Carrier Fleet by Carrying Capacity
- 2. Impact of COVID-19
- 2.1 Impact of COVID-19 on Car Carrier Market
- 2.2 Decline in Car Sales
- Table 4: Passenger Car Sales (2019-2020)
- 2.3 Surging Unemployment
- Table 5: Global Labor Force (2017-2021)
- 2.4 Post COVID Scenario
- 3. Global Market Analysis
- 3.1 Global Car Carrier Market Forecast by Value
- Table 6: Global Car Carrier Market Forecast by Value (2022-2028)
- 3.2 Global Car Carrier Market by Segments
- Table 7: Global Car Carrier Market by Segments (2023)
- 3.2.1 Global Enclosed Car Carrier Market Forecast by Value
- Table 8: Global Enclosed Car Carrier Market Forecast by Value (2022-2028)
- 3.2.2 Global Open Car Carrier Market Forecast by Value
- Table 9: Global Open Car Carrier Market Forecast by Value (2022-2028)
- 3.3 Global Car Transportation Market by Volume
- Table 10: Global Car Transportation Market by Volume (2019-2023)
- 3.4 Global Car Transportation Market Forecast by Volume
- Table 11: Global Car Transportation Market Forecast by Volume (2024-2028)
- 3.5 Global Car Transportation Market Volume by Region
- Table 12: Global Car Transportation Market Volume by Region (2023)
- 3.6 Global Accumulated Car Carrier Fleet Size Forecast
- Table 13: Global Accumulated Car Carrier Fleet Size Forecast (2019-2028)
- 3.7 Global Car Carrier Fleet by Carrying Capacity
- 3.7.1 Global Average Age of Car Carrier Fleet by Carrying Capacity
- Table 14: Global Average Age of Car Carrier Fleet by Carrying Capacity (Feb’ 2024)
- 3.7.2 Global Number of Vessels of Car Carrier Fleet by Carrying Capacity
- Table 15: Global Number of Vessels of Car Carrier Fleet by Carrying Capacity (by Feb’ 2024)
- 3.8 Global Existing Car Fleet by Segments and Year of Build
- Table 16: Global Existing Car Fleet by Segments and Year of Build (2019-2023)
- 3.9 Global Car Carrier Fleet by Estimated Development in the Average Age
- Table 17: Global Car Carrier Fleet by Estimated Development in the Average Age (2024-2028)
- 3.10 Global Car Carrier by Number of Recycled Vessels and Average Age at the Time of Recycling
- Table 18: Global Car Carrier by Number of Recycled Vessels and Average Age at the Time of Recycling (2019-2023)
- 4. Regional Market Analysis
- 4.1 Japan
- 4.1.1 Japan Car Transportation Market by Volume
- Table 19: Japan Car Transportation Market by Volume (2019-2023)
- 4.1.2 Japan Car Transportation Market Forecast by Volume
- Table 20: Japan Car Transportation Market Forecast by Volume (2024-2028)
- 4.2 Europe
- 4.2.1 Europe Car Transportation Market by Volume
- Table 21: Europe Car Transportation Market by Volume (2019-2023)
- 4.2.2 Europe Car Transportation Market Forecast by Volume
- Table 22: Europe Car Transportation Market Forecast by Volume (2024-2028)
- 4.3 Korea
- 4.3.1 Korea Car Transportation Market by Volume
- Table 23: Korea Car Transportation Market by Volume (2019-2023)
- 4.3.2 Korea Car Transportation Market Forecast by Volume
- Table 24: Korea Car Transportation Market Forecast by Volume (2024-2028)
- 4.4 NAFTA
- 4.4.1 NAFTA Car Transportation Market by Volume
- Table 25: NAFTA Car Transportation Market by Volume (2019-2023)
- 4.4.2 NAFTA Car Transportation Market Forecast by Volume
- Table 26: NAFTA Car Transportation Market Forecast by Volume (2024-2028)
- 4.5 ASEAN
- 4.5.1 ASEAN Car Transportation Market by Volume
- Table 27: ASEAN Car Transportation Market by Volume (2019-2023)
- 4.5.2 ASEAN Car Transportation Market Forecast by Volume
- Table 28: ASEAN Car Transportation Market Forecast by Volume (2024-2028)
- 4.6 China
- 4.6.1 China Car Transportation Market by Volume
- Table 29: China Car Transportation Market by Volume (2019-2023)
- 4.6.2 China Car Transportation Market Forecast by Volume
- Table 30: China Car Transportation Market Forecast by Volume (2024-2028)
- 5. Market Dynamics
- 5.1 Growth Drivers
- 5.1.1 Rising Urban Population
- Table 31: Global Urban Population (2017-2023)
- 5.1.2 Rising Vehicle Sales
- Table 32: Global Vehicle Sales (2019-2023)
- 5.1.3 Expansion of Foreign Vehicles
- Table 33: EU car exports Value to the US (2020-2023)
- 5.1.4 Improvement in Vessel Designs
- 5.2 Key Trends and Developments
- 5.2.1 Technological Developments
- 5.2.2 Upsurge in Use of Electric Vehicles
- Table 34: Global Electric Vehicle Sales Share (2016-2023)
- 5.2.3 Artificial Intelligence
- 5.3 Challenges
- 5.3.1 Piracy Threats
- 5.3.2 Capacity Fluctuations
- 5.3.3 Geo Political Tensions
- 6. Competitive Landscape
- 6.1 Global Market
- 6.1.1 Car Carrier Fleet Ranking by Vessels - Key Players
- Table 35: Key Players – Car Carrier Fleet Ranking by Vessels (2023)
- 6.1.2 Car Carrier Fleet Ranking by Capacity - Key Players
- Table 36: Key Players – Car Carrier Fleet Ranking by Capacity (2023)
- 7. Company Profiles
- 7.1 Nippon Yūsen Kabushiki Kaisha (NYK Line)
- 7.1.1 Business Overview
- 7.2 Hyundai Glovis
- 7.2.1 Business Overview
- 7.3 MITSUI O.S.K. LINES (MOL)
- 7.3.1 Business Overview
- 7.4 K Line (Kawasaki Kisen Kaisha, Ltd.)
- 7.4.1 Business Overview
- 7.5 Wallenius Wilhelmsen ASA's
- 7.5.1 Business Overview
- 7.6 Grimaldi Group
- 7.6.1 Business Overview
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