DUBLIN--(BUSINESS WIRE)--The "Barge Transportation Market Report by Type of Cargo, Barge Fleet, Application, Activities, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global barge transportation market size reached US$ 126.5 Billion in 2022. Looking forward, the market is set to reach US$ 154.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2022-2028.
A barge is a long boat with a flat bottom that is used for transporting passengers and heavy goods through rivers, canals, and lakes. At present, the significant growth in the international trade of chemicals, minerals, petroleum, agricultural, electronic, pharmaceutical, and food products is positively influencing the demand for barge transportation around the world.
In confluence with the increasing offshore production of oil and gas, rapid industrialization acts as a major growth-inducing factor catalyzing the demand for barge transportation. Moreover, the rising consumption of packaged food products on account of hectic lifestyles, the escalating demand for medical supplies, and the thriving agriculture industry are also bolstering the market growth.
Apart from this, governing authorities of numerous countries are increasingly investing in improving infrastructure for inland waterways, which is contributing to the market growth. Additionally, several leading companies are offering distinct facilities, such as infrastructure, warehouses, refueling, and intermodal shipment.
These companies are also emphasizing on mergers and acquisitions (M&A), collaborations, and partnerships with other companies to upgrade existing designs, develop innovative products and expand their existing reach in the market. This, along with the growing adoption of the internet of things (IoT), is anticipated to increase the utilization of barge transportation in the coming years.
Key Questions Answered in This Report
- What was the size of the global barge transportation market in 2022?
- What is the expected growth rate of the global barge transportation market during 2023-2028?
- What are the key factors driving the global barge transportation market?
- What has been the impact of COVID-19 on the global barge transportation market?
- What is the breakup of the global barge transportation market based on the type of cargo?
- What is the breakup of the global barge transportation market based on the barge fleet?
- What is the breakup of the global barge transportation market based on the application?
- What is the breakup of the global barge transportation market based on the activities?
- What are the key regions in the global barge transportation market?
- Who are the key players/companies in the global barge transportation market?
Competitive Landscape
- Alter Logistics (Goldstein Group Inc.)
- American Commercial Barge Line (American Commercial Lines Inc)
- Anderson Trucking Service Inc
- Bouchard Transportation Co. Inc.
- Campbell Transportation Company Inc (Blue Danube Incorporated)
- Heartland Barge Management LLC
- Ingram Marine Group
- Kirby Corporation
- McAllister Towing and Transportation Co. Inc.
- PACC Offshore Services Holdings Ltd.
- Poh Tiong Choon Logistics Ltd.
- SEACOR Marine Holdings Inc.
Key Market Segmentation:
Breakup by Type of Cargo:
- Dry Cargo
- Liquid Cargo
- Gaseous Cargo
Breakup by Barge Fleet:
- Open Barge
- Covered Barge
- Tank Barge
Breakup by Application:
- Coal and Crude Petroleum Products
- Agricultural Products
- Coke and Refined Petroleum Products
- Metal Ores and Fabricated Metal Products
- Chemicals, Rubber and Plastic, Nuclear Fuel
- Food Products, Beverages, and Tobacco
- Others
Breakup by Activities:
- Intracoastal Transportation
- Inland Water Transportation
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/e05flc
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