The Global Barge Transportation Market is expected to rise at annual rate 3.40% in the forecast period of 2021 to 2028, and is expected to reach USD 71,165.88 million by 2028 due to the rise in the availability of large capacity barges.
On the other hand, increase in the operating expenses in barge transportation, and stringent government regulations pertaining to marine transportation are expected to obstruct the market growth in the above mentioned forecast period. Rise in the replacements of barges with pipelines for liquid cargo is projected to challenge the barge transportation market.
According to Data Bridge Market Research the markets for the barge transportation market is escalating due to the rise in the demand for petrochemical shipments and increase in the investments in port modernization. Additionally, rise in the demand for crude oil in developing economies such as India and China, and rise in awareness regarding the benefits related to barge transportation such as cost-effectiveness, safety and security positively affect the barge transportation market,
Furthermore, technological advancements and modernization in the machinery extends profitable opportunities to the market players.
Now the question is which are the other regions that barge transportation market is targeting? Data Bridge Market Research has estimated large growth in Europe due to the rise in the improvement in the economic conditions in the region.
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The barge transportation market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the report
Above are the key players covered in the report, to know about more and exhaustive list of barge transportation companies contact https://www.databridgemarketresearch.com/toc/?dbmr=global-barge-transportation-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Barge Transportation Market – Industry Trends and Forecast to 2028