Market Forecast by Countries (United States, Canada), By Cargo Infrastructure (Port Developments in Asia, Port Developments in Europe, Port Developments in North America, Port Developments in South America, Port Developments in Africa), By Cargo Type (Container Cargo, Bulk Cargo, General Cargo, Oil & Gas), By Industry Type (Food, Manufacturing, Oil & Ores, Electrical & Electronics) And Competitive Landscape
Product Code: ETC075322 | Publication Date: Aug 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Cargo Shipping Market |
Forecast Period | 2025-2031 |
Market Size | USD 215 billion by 2031 |
CAGR | 4.5% |
Growing Sector | Food industry |
North America Cargo Shipping Market report thoroughly covers the market by cargo infrastructure, cargo type, by industry type and key countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Cargo Shipping Market Size is poised for substantial growth over the next several years, driven by expanding trade activities and the evolution of North America shipping infrastructure. As of the most recent data, the market is projected to grow at a CAGR of 4.5% from 2025 to 2031. By 2031, the North America Cargo Shipping Market is expected to reach a market size of over USD 215 billion.
This growth is supported by the continuous rise in trade volumes, technological advancements in logistics, and investments in port infrastructure across the region. In Canada, the market is expanding at a steady pace, with a focus on enhancing port infrastructure to accommodate growing trade volumes, especially in the oil & gas sector. Canada’s strategic location, linking the North American market to the Asian markets, is contributing to increased exports, especially in commodities such as lumber, agricultural products, and natural resources.
North America Cargo Shipping Industry encompasses various modes of transporting goods across countries, with key players operating in the United States and Canada. The region’s strategic geographical location and well-established trade routes, including access to the Pacific and Atlantic Oceans, make it a hub for North America shipping activities. The increasing demand for international trade, coupled with efficient logistics and improved supply chains, is expected to drive market expansion. Technological advancements in cargo handling, including automation and IoT-based monitoring systems, are transforming shipping operations, offering improved efficiency and cost savings.
According to 6Wresearch, the North America Cargo Shipping Market is estimated to grow at a CAGR of 4.5% during the forecast period 2025-2031. The market is experiencing steady growth, driven by the rising North America demand for trade and the continuous expansion of the supply chain. The U.S. remains the largest contributor to this growth, with its extensive port infrastructure and a high volume of imports and exports. The market is expanding due to the increasing demand for containerized cargo and bulk shipping, fueled by key industries such as electronics, manufacturing, and energy resources.
The growing need for North America trade connectivity and advancements in port technology, including automation and digitalization, are also contributing factors to market expansion. North America Cargo Shipping Market Growth is driven by enhanced port facilities, larger ships, and increasing trade volumes in energy, raw materials, and manufactured goods. The focus on sustainability and green shipping solutions is likely to add new opportunities for growth in the coming years.
Despite the growth, the North America Cargo Shipping Market faces several challenges. One significant hurdle is the congestion at major ports, particularly in the U.S., where port traffic often exceeds capacity, leading to delays and increased costs. These congestion issues are exacerbated by the rapid growth in containerized shipping, requiring more investments in infrastructure to handle the growing volume of trade. Additionally, fluctuations in fuel prices can directly impact shipping costs, making logistics and operations more expensive.
The labor shortage in the shipping industry, particularly truck drivers and dock workers, is another key challenge, affecting the overall efficiency of the cargo movement. Another challenge that impacts the North America Cargo Shipping Market Size is the growing concern over environmental regulations. Shipping companies are increasingly under pressure to comply with emission standards and reduce their carbon footprint, which requires significant investment in green technologies and cleaner fuels. Overcoming these challenges will require a combination of technological innovation, government support, and private investment.
North America Cargo Shipping Market is witnessing several significant trends that are shaping its future. One of the most prominent trends is the digital transformation of the shipping industry, driven by smart port technologies, automated cargo handling, and blockchain for transparent and efficient supply chain management. Automation in container terminals is improving efficiency, reducing human error, and enhancing cargo throughput. The adoption of green technologies is another significant trend, as shipping companies and ports focus on reducing emissions and adopting sustainable practices.
This trend is being driven by both regulatory pressures and consumer demand for environmentally friendly logistics. Furthermore, the increasing integration of the Internet of Things (IoT) in cargo shipping is enabling real-time tracking of shipments and improving the management of North America supply chains. These trends, coupled with a rise in e-commerce and demand for faster delivery services, are expected to continue influencing the North America Cargo Shipping Market Share in the years ahead.
North America Cargo Shipping Industry presents several investment opportunities, particularly in infrastructure development and technological innovation. The expansion and modernization of port facilities are one of the primary investment opportunities, especially in the U.S., where older ports require substantial upgrades to handle larger vessels and increasing container traffic. Investments in smart port technologies, including automation and AI-driven logistics systems, are also gaining momentum. This includes investing in technologies that enable predictive maintenance and real-time cargo tracking, which improve operational efficiency and reduce downtime.
Moreover, as environmental concerns grow, there is an increasing opportunity in green shipping technologies, including the use of cleaner fuels and the development of energy-efficient vessels. Investors are also eyeing opportunities in the bulk cargo segment, particularly in the transportation of oil, gas, and grain, as these commodities are central to North American trade relations with Asia, Europe, and other regions. The rising demand for logistics and freight forwarding services also presents an attractive market for third-party logistics providers (3PLs) and freight operators.
Several key players dominate the North America Cargo Shipping Market, particularly those involved in port operations, shipping logistics, and cargo handling. Maersk Line, one of the largest container shipping companies North Americaly, has a significant presence in the North American market, particularly in containerized cargo. CMA CGM, another leading international shipping giant, operates extensively in North American ports, offering a wide range of shipping services. In the U.S., UPS and FedEx are major players in e-commerce logistics, providing integrated cargo shipping and transportation solutions. These companies are increasingly focusing on sustainability and green shipping solutions to meet regulatory requirements and consumer demand for environmentally friendly logistics.
Governments in North America, particularly in the United States and Canada, are actively supporting the growth of the cargo shipping industry through various initiatives. In the U.S., the government has prioritized port modernization and infrastructure development, providing funding and incentives to enhance port capacity and efficiency. The Biden administration’s focus on infrastructure spending includes funding for upgrading critical infrastructure such as highways, railways, and ports to improve cargo movement and reduce congestion.
The U.S. Maritime Administration (MARAD) is also working on enhancing maritime workforce development and supporting the transition to greener technologies in the shipping sector. Canada has been equally proactive in developing trade agreements and investing in port infrastructure to strengthen its position in the North America shipping market. Both countries are working towards increasing the use of clean energy and low-emission technologies, in line with international commitments to reduce carbon emissions from the shipping industry.
North America Cargo Shipping Market is expected to see continued growth, driven by North America trade dynamics and the rapid advancement of shipping technologies. One of the key drivers for future growth is the shift towards larger vessels, capable of transporting higher volumes of goods, particularly in containerized cargo. These vessels require updated port infrastructure and innovative shipping solutions to maximize their efficiency. The growth of e-commerce will continue to boost demand for faster and more reliable shipping solutions, particularly in the consumer goods and electronics sectors.
Additionally, as environmental concerns continue to shape the industry, the adoption of eco-friendly technologies, such as low-emission ships and sustainable fuel options, will play a pivotal role in the future of the North America Cargo Shipping Market. The implementation of AI and machine learning in managing logistics and enhancing supply chain visibility will also contribute to a more streamlined and cost-effective industry. As these trends evolve, the market is expected to maintain a positive growth trajectory, offering ample opportunities for businesses in the sector.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ayushi, Senior Research Analyst, 6Wresearch, the Port developments in North America are the dominant category, with major projects underway in U.S. ports like Los Angeles, Houston, and New York, aimed at expanding capacity and improving cargo throughput.
Container cargo is by far the dominant category in the North America Cargo Shipping Market. The shift towards containerization has revolutionized North America shipping by offering a standardized and secure method for transporting goods. With the rise of e-commerce and North America trade, there has been a massive increase in the need for containerized shipments, particularly in the transport of consumer goods, electronics, and retail products.
The food industry is the largest segment in the, driven by the increasing demand for agricultural products, processed food North America Cargo Shipping Market, and beverages. The U.S. is a major exporter of grain, meat, and dairy products, with vast amounts of cargo moving across the country’s ports to North America destinations. The need for refrigerated shipping containers (reefers) to transport perishable goods is a key factor driving the demand for containerized cargo in the food sector.
United States remains the dominant player in the North America Cargo Shipping Market. The U.S. has an extensive coastline and is home to some of the busiest and most advanced ports North Americaly, such as the Port of Los Angeles, Port of New York/New Jersey, and the Port of Houston. These ports handle a significant volume of containerized cargo, a category driven by high demand in industries such as electronics, e-commerce, and consumer goods.
The Market Report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Cargo Shipping Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Cargo Shipping Market Revenues & Volume, 2021 & 2031F |
3.3 North America Cargo Shipping Market - Industry Life Cycle |
3.4 North America Cargo Shipping Market - Porter's Five Forces |
3.5 North America Cargo Shipping Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Cargo Shipping Market Revenues & Volume Share, By Cargo Infrastructure, 2021 & 2031F |
3.7 North America Cargo Shipping Market Revenues & Volume Share, By Cargo Type, 2021 & 2031F |
3.8 North America Cargo Shipping Market Revenues & Volume Share, By Industry Type, 2021 & 2031F |
4 North America Cargo Shipping Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Cargo Shipping Market Trends |
6 North America Cargo Shipping Market, 2021 - 2031 |
6.1 North America Cargo Shipping Market, Revenues & Volume, By Cargo Infrastructure, 2021 - 2031 |
6.2 North America Cargo Shipping Market, Revenues & Volume, By Cargo Type, 2021 - 2031 |
6.3 North America Cargo Shipping Market, Revenues & Volume, By Industry Type, 2021 - 2031 |
7 United States Cargo Shipping Market, 2021 - 2031 |
7.1 United States Cargo Shipping Market, Revenues & Volume, By Cargo Infrastructure, 2021 - 2031 |
7.2 United States Cargo Shipping Market, Revenues & Volume, By Cargo Type, 2021 - 2031 |
7.3 United States Cargo Shipping Market, Revenues & Volume, By Industry Type, 2021 - 2031 |
8 Canada Cargo Shipping Market, 2021 - 2031 |
8.1 Canada Cargo Shipping Market, Revenues & Volume, By Cargo Infrastructure, 2021 - 2031 |
8.2 Canada Cargo Shipping Market, Revenues & Volume, By Cargo Type, 2021 - 2031 |
8.3 Canada Cargo Shipping Market, Revenues & Volume, By Industry Type, 2021 - 2031 |
9 North America Cargo Shipping Market Key Performance Indicators |
10 North America Cargo Shipping Market - Opportunity Assessment |
10.1 North America Cargo Shipping Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Cargo Shipping Market Opportunity Assessment, By Cargo Infrastructure, 2021 & 2031F |
10.3 North America Cargo Shipping Market Opportunity Assessment, By Cargo Type, 2021 & 2031F |
10.4 North America Cargo Shipping Market Opportunity Assessment, By Industry Type, 2021 & 2031F |
11 North America Cargo Shipping Market - Competitive Landscape |
11.1 North America Cargo Shipping Market Revenue Share, By Companies, 2024 |
11.2 North America Cargo Shipping Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |