Global Barge Transportation Market, By Product (Dry Cargo, Liquid Cargo, Gaseous Cargo), Barge Fleet (Open, Covered, Tank), Application (Coal & Crude Petroleum, Agricultural Products, Coke & Refined Petroleum Products, Metal Ores, Secondary Raw Materials & Wastes, Food Products, Beverages & Tobacco, Basic Metals & Fabricated Metal Products, Chemicals, Rubber & Plastic, Nuclear Fuel), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Barge Transportation Market
The barge transportation market will reach at an estimated value of USD 141,712.00 million and grow at a CAGR of 3.40% in the forecast period of 2021 to 2028. Rise in the availability of large capacity barges and increasing quality of inland waterways acts as an essential factor driving the barge transportation market.
Barge is defined as the flat surfaced vessel which is used to transport cargo through waterways. Barges are toed or tugged by naval vessels in the water bodies and they are generally utilized in water bodies such as canals, rivers, and lakes. barge transportation is now extensively used at sea ports. Nevertheless, barge is a popular means for transportation which is adopted by large industries in order to transport their cargo.
Rise in the demand for petrochemical shipments is a crucial factor accelerating the market growth, also increase in the investments in port modernization, rise in the demand for crude oil in developing economies such as India and China, rise in the benefits related to barge transportation such as cost-effectiveness, safety and security, and efficiency and rise in the spending on research and development activities and subsequent advancements in technology are the major factors among others boosting the barge transportation market. Moreover, rise in the demand from the emerging economies and increase in the technological advancements and modernization in the machinery will further create new opportunities barge transportation market in the forecast period mentioned above.
However, increase in the operating expenses in barge transportation, stringent government regulations pertaining to marine transportation and rise in the replacements of barges with pipelines for liquid cargo are the major factors among others restraining the market growth, and will further challenge the barge transportation market in the forecast period mentioned above.
This barge transportation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on barge transportation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Barge Transportation Market Scope and Market Size
The barge transportation market is segmented on the basis of product, barge fleet and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the barge transportation market is segmented into dry cargo, liquid cargo and gaseous cargo.
- Based on barge fleet, the barge transportation market is segmented into open, covered and tank.
- The barge transportation market is also segmented on the basis of application into coal & crude petroleum, agricultural products, coke & refined petroleum products, metal ores, secondary raw materials & wastes, food products, beverages & tobacco, basic metals & fabricated metal products, chemicals, rubber & plastic and nuclear fuel.
Barge Transportation Market Scope Country Level Analysis
The barge transportation market is analysed and market size, volume information is provided by country, product, barge fleet and application as referenced above.
The countries covered in the barge transportation market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the barge transportation market due to increase in the production of shale oil in the U.S., increase in the investments in port modernization and rise in the benefits related to barge transportation such as cost-effectiveness, safety and security, and efficiency in this region. Asia-Pacific is the second largest region in terms of growth in barge transportation market due to rise in the major steps taken by various governments to develop inland waterways coupled with rapidly improving regional economy in this region. Europe is the expected region in terms of growth in barge transportation market due to rise in the improvement in the economic conditions and a well-established network of inland waterways in this region.
The country section of the barge transportation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Barge Transportation Market Share Analysis
The barge transportation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to barge transportation market.
The major players covered in barge transportation market report are ABC India Limited, American Commercial Barge Line, Alter Logistics, Continental AG, American Commercial Barge Line, Argosy International Inc., ATS, Blessey Marine Services, Inc, Bouchard Transportation, Campbell Transportation Company, Inc, Contargo GmbH & Co. KG, Crounse Corporation, Heartland Barge., Ingram Marine Group, Kirby Corporation., Marquette Transportation Company LLC, McAllister Towing and Transportation Co., Inc., neska Container Line B.V, Olson Marine, Inc, POSH, Poh Tiong Choon Logistics Ltd and SEACOR HOLDINGS INC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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