Barge transportation market is anticipated to grow at a CAGR of 3.7% during the forecast period (2024-2031). Government regulations on emissions and an increasing emphasis on reducing carbon footprints are forcing businesses to transition to more ecologically friendly barges and vessels. Barges can reduce wear and tear on infrastructure and traffic congestion.
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Barge transportation has emerged as a competitive choice in the transportation business owing to technological improvements including automation, digitization, and alternative fuels that improve operating efficiency, safety, and environmental performance. According to the article Institute for Transportation and Development Policy (ITDP), in January 2024, transportation in the US is one of the highest annual consumer expenditures, accounting for $1.6 trillion. Spending on transportation increased by almost 30% between 2020 and 2021, with the purchase of vehicles accounting for the majority of the rise. The shortage and demand for gasoline caused a 25% increase in price, which led to inflation. Despite the high costs of owning and maintaining a private vehicle, 93% of average households’ transportation expenses go towards buying, maintaining, and operating cars.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Barge Transportation Market by Product
- Dry Cargo
- Liquid Cargo
- Gaseous Cargo
Global Barge Transportation Market by Barge Fleet
- Opened
- Covered
- Tank Barge
Global Barge Transportation Market by Application
- Coal and Crude Petroleum
- Agricultural Products
- Coke and Refined Petroleum Products
- Metal Ores
- Secondary Raw Materials and Wastes
- Food Products, Beverages, and Tobacco
- Basic Metals, Fabricated Metal Products
- Others (Pharmaceuticals, Chemicals, Rubber & Plastic, and Nuclear Fuel)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Alter Logistics
- Blessey Marine Services, Inc.
- Campbell Transportation Company Inc.
- Carver Co.
- CMA CGM Group
- Ergon, Inc
- First Citizens BancShares, Inc.
- Genesis Energy, L.P.
- Ingram Marine Group
- Kirby Corp.
- Marquette Transportation Company LLC
- McAllister Towing and Transportation Company, Inc.
- Parker Towing Co.
- Savage Services Corp.
- SEACOR Holdings Inc.
- Tidewater Holdings, Inc.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global barge transportation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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