New Analysis from Global Industry Analysts Reveals Modest Growth for Sea-based Vehicle Carrier , with the Market to Reach $3.2 Billion Worldwide by 2026

SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Sea-based Vehicle Carrier - Global Market Trajectory & Analytics." The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 456
Companies: 44 - Players covered include AP Moller-Maersk; CEVA Logistics; DSV; K Line Logistics; MSC; Nissan Motor Car Carrier Co. Ltd; NYK Line; SAFETY4SEA; Sinotrans Logistic; UECC and Others.
Coverage: All major geographies and key segments
Segments: Segment (Ro-Ro Ships, Lo-Lo Ships)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Sea-based Vehicle Carrier Market to Reach $3.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Sea-based Vehicle Carrier estimated at US$2.6 Billion in the year 2020, is projected to reach a revised size of US$3.2 Billion by 2026, growing at a CAGR of 3.5% over the analysis period. Ro-Ro Ships, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$2.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lo-Lo Ships segment is readjusted to a revised 2.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $729.1 Million in 2021, While China is Forecast to Reach $660.6 Million by 2026
The Sea-based Vehicle Carrier market in the U.S. is estimated at US$729.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$660.6 Million by the year 2026 trailing a CAGR of 6.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.