by [150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global barge transportation market was valued at around USD 42.2 billion in 2020 and is expected to register revenues worth USD 56.68 billion by the end of 2027, growing at an exceptional CAGR of approximately 3.8% between 2020 and 2027.
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Numerous benefits offered by barge transportation in terms of efficiency, cost, and security & safety of cargo propel the growth of the market. Rising import & export business along with improving economic conditions across different parts of the world plays a significant role in triggering market growth.
In addition, the barge transportation market holds intense growth potential in the near future due to increasing initiatives and investment by the government f different regions for the development of inland water infrastructure. Further, various research activities are carried out by the industry participants to develop new and upgrade the existing barge designs. For instance, a hybrid LNG barge is a more environment-friendly and fuel-efficient alternative to conventional ones.
Barge Transportation Market Report Scope
| Report Highlights | Details |
| Market Size | USD 56.68 Billion by 2027 |
| Growth Rate | CAGR of 42.2% from 2021 to 2027 |
| Largest Market | Europe |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2027 |
| Segments Covered | Barge Fleet, Product, Application, Region Type |
However, rapid development for advanced railway transportation is projected to restrict the market growth. Moreover, increasing domestic trade and attractive return on investment induce significant growth potential for the market players in the coming years.
Barge Transportation Market Report Highlights
- Europe dominated the global barge transportation market in 2019 with prominent market value share of around 40%. Increasing import and export trade activities across the region account for the prime factor driving the market growth.
- By product, dry cargo led the global barge transportation market owing to increasing demand for iron ore, coal, and grains especially in the Asia Pacific, Germany, and the U.S. The segment is projected to cross the revenue of USD 22 Billion by 2027. High production volume of dry cargo products triggers the competition for advanced transportation, making it a preferred choice for the end-users.
- In 2019, agriculture application accounted for significant revenue share and exceeded the market value of USD 4 Billion. Positive growth in the agricultural products creates huge demand for enhanced & efficient logistics services, supporting the accelerating growth of the market.
- Increasing cross border import & export of petrochemicals and chemicals attributed for the significant growth of tank barges in the year 2019. The segment contributes nearly 25% of the value share in the global barge transportation market.
Competition Landscape
The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter.
This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach. This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably.
Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.
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Some of the prominent players in the barge transportation market include:
- SEACOR Holdings
- American Commercial Barge Line (ACBL)
- Ingram Marine Group
- Campbell Transportation Company
- Kirby Corporation
- APL Logistics
- Crowley Maritime Corporation
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Barge Transportation Market Segments Covered in the Report
By Barge Fleet
- Covered
- Open
- Tank
By Product
- Liquid Cargo
- Dry Cargo
- Gaseous Cargo
By Application
- Agricultural Products
- Coal & Crude Petroleum
- Metal Ores
- Coke & Refined Petroleum Products
- Food Products
- Secondary Raw Materials & Wastes
- Beverages & Tobacco
- Rubber & Plastic
- Chemicals
- Nuclear Fuel
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Regional Analysis
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region.
This section analyses region-wise revenue and volume for the forecast period of 2019 to 2027. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global barge transportation market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the barge transportation market.
The report includes country-wise and region-wise market size for the period 2019-2027. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2027.
Why should you invest in this report?
If you are aiming to enter the global barge transportation market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for barge transportation are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Table of Contents
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Market Variables and Scope
Chapter 5. Market Dynamics Analysis and Trends
Chapter 6. Competitive Landscape
Chapter 7. Global Barge Transportation Market, By Product
Chapter 8. Global Barge Transportation Market, By Application
Chapter 9. Global Barge Transportation Market, By Barge Fleet
Chapter 10. Global Barge Transportation Market, Regional Estimates and Trend Forecast
Chapter 11. Company Profiles
Chapter 12. Research Methodology
Chapter 13. Appendix
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