Dry Bulk Materials Market Report 2025

This Dry Bulk Materials market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The dry bulk materials market size has grown strongly in recent years. It will grow from $445.09 billion in 2024 to $484.13 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increase in the shipping of steel and coal, rise of seaborne trade, strong economic growth in emerging markets, increasing industrialization and growing urbanization.

The dry bulk materials market size is expected to see strong growth in the next few years. It will grow to $642.02 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increase in iron ore and coal transportation, growing demand for dry bulk shipping, increase in the shipping of steel, increasing infrastructure projects and growing demand for iron ore, coal, grain, bauxite/alumina. Major trends in the forecast period include technological advancements, sustainable materials, volatile raw material prices, lower investment in newbuilds and market intelligence.

The growth of the dry bulk material trucking market is being propelled by the increasing demand for raw materials in the manufacturing, defense, and infrastructure sectors. This heightened demand is a result of factors such as industrialization, population growth, and urbanization. To illustrate, the World Bank's report highlights the substantial increase in the production of minerals crucial for clean energy technologies in the European mineral raw materials industry. It emphasizes the necessity for a wide range of minerals and metals to support renewable energy strategies and their associated infrastructure. The demand for minerals like graphite, lithium, and cobalt is expected to surge by up to 500% by 2050. This surge necessitates efficient dry bulk trucks to transport these materials, thereby contributing to the growth of the dry bulk material trucking market.

The growing volume of waste is anticipated to drive the growth of the dry bulk material trucking market in the foreseeable future. The rapid expansion of the global population and urban areas has led to an increase in both hazardous and non-hazardous waste. While non-hazardous waste disposal is relatively straightforward, the proper disposal of hazardous waste demands immediate attention. Dry bulk material trucks play a vital role in the safe disposal of such waste, preventing potential risks to both workers and the environment. For instance, in February 2024, according to a report published by the UN Environment Programme, an Africa-based international organization responsible for coordinating responses to environmental issues within the United Nations system, municipal solid waste generation is projected to grow from 2.1 billion tonnes in 2023 to 3.8 billion tonnes by 2050. Therefore, the increasing volume of waste is driving the growth of the dry bulk materials market.

Major companies operating in the dry bulk shipping market are focused on enhancing safety, operational efficiency, and sustainability through innovative solutions. For instance, in August 2024, the Dry Bulk Centre of Excellence (DBCE), a UK-based independent not-for-profit industry organization within the dry bulk shipping sector, launched the Dry Bulk Management Standard (DryBMS) portal. This portal is designed to provide ship operators with comprehensive guidance based on industry standards and best practices. The initiative aims to reduce incidents, improve operational practices, and promote sustainability, reflecting the growing emphasis on industry-wide safety systems and continuous development in the dry bulk shipping market.

Major players in the industry are concentrating on the development of innovative equipment technologies, such as electric material handling equipment, to strengthen their market position. Electric material handling equipment is used for material movement, storage, and transportation in industrial and commercial settings. For example, in May 2022, Linde Material Handling, a German-based forklift truck and warehouse equipment manufacturer, introduced electric heavy-duty forklift trucks with load capacities ranging from 10 to 18 tonnes. This innovative series of compact heavy-duty trucks builds upon the eight-ton range, featuring double drive, double lifting hydraulics, two batteries, and scaled pumps.

In August 2024, Pangaea Logistics Solutions, a US-based company specializing in maritime logistics and dry bulk transportation services, acquired M.T. Maritime's (MTM) fleet of fifteen handy-sized dry bulk vessels for $193 million. This acquisition expanded Pangaea Logistics Solutions' owned fleet by nearly 60%, bringing its total to 41 vessels and providing the company with enhanced opportunities for incremental growth. M.T. Maritime (MTM), a US-based company, specializes in maritime logistics, dry bulk chartering, and fleet management, with a focus on operating dry bulk vessels.

Dry bulk materials trucking refers to the transportation of raw materials in large, unpackaged quantities via trucks and other means, facilitating over-the-road transport from one location to another. This method aims to reduce transportation time, cover extensive distances, and minimize environmental pollution. Dry bulk materials encompass substances such as coal, grains, metals, and related products.

The primary commodity types within the dry bulk materials trucking market include iron ore, coal, pet coke, grains, agricultural products, cement, aggregates, fertilizers, and various other materials. Iron ore is a mineral-rich rock used for iron extraction. The market is further categorized by vessel type, including capesize, handysize, panamax, and handymax vessels, and by application, spanning various sectors like food and beverages, construction, automotive, energy and mining, agriculture, chemicals, and more. Additionally, it is divided by end-use, encompassing iron ore, steel products, lumber or logs, and other specific applications.

The dry bulk materials market research report is one of a series of new reports that provides dry bulk materials market statistics, including dry bulk materials industry global market size, regional shares, competitors with a dry bulk materials trucking market share, detailed dry bulk materials market segments, market trends and opportunities, and any further data you may need to thrive in the dry bulk materials trucking industry. This dry bulk materials 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.

Major companies operating in the dry bulk materials market include C.H. Robinson, Transpro Burgener, Bulkmatic Transport, Kenan Advantage Group Inc., Quality Distribution Inc., Trimac Transportation Services Inc., Foodliner Inc., Heniff Transportation Systems LLC, Superior Bulk Logistics Inc., Groendyke Transport Inc., Ruan Transportation Management Systems, Dupre Logistics LLC, Eagle Transport Corporation, Martin Transport Inc., Florida Rock And Tank Lines Inc., United Petroleum Transport Ltd., Tankstar USA Inc., Coastal Transport Co. Inc., Apex Logistics International Inc., Cliff Viessman Inc., J and M Tank Lines Inc., Andrews Logistics LP, Grammer Industries Inc., Prime Inc., Belships ASA, Berge Bulk Singapore Pte. Ltd., Diana Shipping Inc., Freeseas Inc., Genco Shipping and Trading Limited, Globus Maritime Limited, Golden Ocean Group Ltd., Gulf Agency Company Ltd., Star Bulk Management Inc., Western Bulk Management AS, Cargill Incorporated., Archer Daniels Midland Company, Bunge Limited, Louis Dreyfus Company BV.

Asia-Pacific was the largest region in the dry bulk materials market in 2024. North America was the second largest region in the dry bulk materials market. The regions covered in the dry bulk materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dry bulk materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The dry bulk materials trucking market includes revenues earned by entities by providing transportation service for shipment of heavy goods from one place to another. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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.