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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The growth in the economy increases consumer demand, which in turn drives more freight and barge traffic. Inland waterway flow is influenced by both domestic and international trade patterns, which in turn affect market dynamics. According to the Waterborne Competitiveness US and Foreign Investments in Inland Waterways article, in May 2022, the inland waterway supply chain plays a significant role in supporting the economy, with over 540,000 jobs and the transportation of more than 500 million tons of freight annually. This freight activity encompasses a variety of goods, such as petroleum products, aggregates, coal, and grains, accounting for approximately five percent of the total commercial tonnage shipped in the US. However, due to the need for faster shipping times, high-value goods or containerized freight are rarely transported through the inland waterway system, as it requires inland transloading.
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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
Global Barge Transportation Market Report Segment
By Product
- Dry Cargo
- Liquid Cargo
- Gaseous Cargo
By Barge Fleet
- Opened
- Covered
- Tank Barge
By Application
- Coal and Crude Petroleum
- Agricultural Products
- Coke and Rrefined Petroleum Products
- Metal Ores
- Secondary Raw Materials and Wastes
- Food Products, Beverages, and Tobacco
- Basic Metals, Fabricated Metal Products
- Others (Pharmaceuticals, Chemicals, Rubber & Plastic, Nuclear Fuel)
Rest of the World
- Latin America
- Middle East & Africa
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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