Overview:

The global ship leasing market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Providing ship on finance or on rental is referred as ship leasing. There are various type of ship leasing based on period such as periodic tenancy, bare boat charter, real time lease, and few others. Rising maintenance cost, lack of investment, and market fluctuations are key factors supporting growth of the global market.

Market Dynamics:

Rise in international containerized seaborne trade is a major factor driving growth of the global ship leasing market. In addition, growing E-commerce sector is resulting in increased sea-bore trade and is expected to support growth of the target market. The rising maintenance cost of ship and shipbuilding cost are some other key factor driving growth of the global ship leasing market.

Growing cargo shipping is another factor driving growth of the target market. For instance, according to the UNCTAD data, approximately 1687 million tons of cargo was shipped annually in approximately 177.6 million containers covering 998 billion tons-miles. However, growing preference for air cargo may hamper growth of the global ship leasing market to a certain extent.

Key Trend:

Rising focus on capacity expansion among key players is a key trend observed in the global ship leasing market. For instance, in 2019, Global Ship Lease announced acquisition of two 2004-built, 6,080 TEU Post-Panamax containerships from Black Pearl Containers LLC. The main reason behind the acquisition is to strengthen the company capacity to serve the growing customer base.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific market accounted for highest share in terms of revenue and is expected to maintain its dominance during the forecast period. Increased sea- borne trade activities in countries in the region and growing number of ship leasing companies in countries such as China are some key factors driving growth of the target market in the region.

Scope of the Report:

Detailed Segmentation:

Global Ship Leasing Market, By Lease Type:

• Periodic Tenancy
• Bare Boat Charter
• Real Time Lease
• Other Lease Type

Global Ship Leasing Market, By Ship Type:

• Container Ship
• Bulk Carrier
• Other Ship

Key Players Covered:

Key players operating in the market includes, First Ship Lease Trust, Hamburg Commercial Bank, Bank of Communications Financial Leasing Co. Ltd., Industrial and Commercial Bank of China Limited, Global Ship Lease, Galbraiths Ltd, Maersk, Minsheng Financial & Leasing Co. Ltd., CMB Financial Leasing Co. Ltd., and CCB Financial Leasing Corp. Ltd.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Ship Leasing Market by lease type, ship type, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global ship leasing market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.