Market Size of Ship Leasing Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 14.79 Billion |
| Market Size (2029) | USD 27.97 Billion |
| CAGR (2024 - 2029) | 13.59 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Ship Leasing Market Analysis
The Ship Leasing Market size is estimated at USD 14.79 billion in 2024, and is expected to reach USD 27.97 billion by 2029, growing at a CAGR of 13.59% during the forecast period (2024-2029).
- The COVID-19 pandemic deleteriously affected the ship leasing market. The onset of the pandemic prevented cargo as well as passenger ships from docking at the port of the local authorities, and this led to various merchant sailors being stranded on the ships. Moreover, various ship owners were required to pay additional costs since their ships were stranded on territorial water for an extended period.
- Furthermore, the pandemic also led to a decline in the import and export of products and goods, and this led to an impact on the global shipping industry. The decline in the COVID-19 pandemic led to improvement in terms of the import and export of goods by various countries and bolstered the growth of the shipping industry.
- The rise in demand for cargo transportation through shipping, the surge in international trade, and the increase in the transportation of heavy cargo are the main factors that will drive the growth of the market in the coming years. On the other hand, the complex regulatory framework governing ship leasing activities is expected to be a hindrance to market growth.
