Maritime Global Market Report 2025

The maritime market size has grown steadily in recent years. It will grow from $2.08 billion in 2024 to $2.16 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to the expansion of e-commerce and global supply chains, increased offshore oil and gas exploration, rising investments in maritime logistics and services, growth in cruise tourism and passenger shipping, and the expansion of maritime insurance and risk management services.

The maritime market size is expected to see steady growth in the next few years. It will grow to $2.52 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to increasing global trade volumes, expansion of international shipping routes, growth in containerized cargo transportation, rising demand for energy transportation, and increasing fleet size and capacity. Major trends during this period include advances in shipbuilding technology, adoption of autonomous and smart ship technologies, demand for sustainable and eco-friendly shipping solutions, development of green propulsion technologies, and expansion of LNG bunkering infrastructure.

The increasing volume of global trade is expected to propel the growth of the maritime market. Trade involves the exchange of goods and services between buyers and sellers to fulfill economic needs. This volume is rising as globalization expands international connectivity and facilitates cross-border exchange to satisfy growing consumer and industrial demand. The expansion in trade volume boosts maritime activities by increasing the need for sea-based transportation, which remains the most cost-effective and efficient method for moving large quantities of goods over long distances. For example, in June 2023, the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental organization, reported that maritime trade was projected to grow by 2.4% in 2023 and maintain annual growth rates above 2% from 2024 through 2028. Therefore, the surge in trade volume will continue to drive the maritime market forward.

Leading companies in the maritime market are developing advanced technologies such as lifecycle-based cybersecurity solutions to enhance proactive risk management. These solutions provide comprehensive protection for digital systems throughout all phases from development and deployment to operation and decommissioning. For instance, in December 2024, Rakuten Symphony, a Japan-based technology firm, launched Rakuten Maritime, a cybersecurity framework specifically designed for autonomous and smart ships. This solution integrates IoT, cloud computing, mobile networks, and zero-trust cybersecurity technologies to offer robust defense against evolving maritime cyber threats. Key components such as Threat Modeler, Threat Intelligence, Threat Analysis, and Risk Manager enable real-time threat detection and prevention, secure data handling, and compliance with international maritime security standards. Additionally, this approach improves operational efficiency by reducing costs, time, and resource use while enhancing vessel resilience and safety.

In August 2024, Noatum, a Spain-based company specializing in maritime, logistics, and port operations, acquired a majority stake in Safina B.V., an Egypt-based maritime agency and cargo services provider, for an undisclosed amount. This acquisition marks a significant milestone in Noatum Maritime’s expansion across the Mediterranean region, complementing its recent office opening in Türkiye. Alongside its established presence in the Middle East, including Egypt, this strategic move enhances Noatum’s footprint in critical markets and strengthens its position in global maritime logistics.

Major players in the maritime market are Mærsk A/S, CMA CGM Group, Mediterranean Shipping Company SA, COSCO SHIPPING LINES Co. LTD., China State Shipbuilding Corporation, Hapag-Lloyd AG, Mitsubishi Heavy Industries Ltd., JSC United Shipbuilding Corporation, Nippon Yusen Kabushiki Kaisha, Evergreen Marine Corporation, Hyundai Heavy Industries Co. Ltd., Fincantieri S.p.A., Sumitomo Heavy Industries Ltd., YangMing Marine Transport Corporation, Samsung Heavy Industries Co. Ltd., Hanwha Ocean, Ocean Network Express Pte. Ltd., Imabari Shipbuilding Co. Ltd., Orient Overseas Container Line Ltd., and Damen Shipyards Group.

North America was the largest region in the maritim market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in maritime report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the maritime market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Maritime refers to anything related to the sea, particularly navigation, shipping, and ocean-based activities. It includes trade, transportation, defense, and resource exploration conducted on or through the sea. The primary purpose of maritime activities is to facilitate the movement of goods and people across oceans, ensuring global connectivity and economic exchange. Additionally, maritime activities support strategic security, environmental monitoring, and the sustainable management of marine resources.

The main vessel types in maritime include cargo ships, tankers, passenger ships, fishing vessels, and offshore support vessels. Cargo ships are vessels designed specifically for transporting goods and materials across waterways, playing a key role in international trade and commerce. Maritime services encompass shipping, logistics, port operations, and maintenance, utilizing various technologies such as conventional propulsion, hybrid propulsion, alternative fuel technologies, and autonomous shipping. These vessels serve multiple end uses, including commercial, defense, research, and tourism sectors.

The maritime market research report is one of a series of new reports that provides maritime market statistics, including maritime industry global market size, regional shares, competitors with a maritime market share, detailed maritime market segments, market trends and opportunities, and any further data you may need to thrive in the maritime industry. This maritime market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The maritime market consists of revenues earned by entities by providing services such as freight handling, offshore support operations, environmental monitoring, and terminal management. The market value includes the value of related goods sold by the service provider or included within the service offering. The maritime market also includes sales of marine communication devices, navigation equipment, survival gears, and marine signal systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.