The Global Barge Transportation Market Size was valued nearly USD 108.8 billion by 2018 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 5.3% during the forecast period, i.e. 2017-2025. Barge is flat surfaced vessel which is used to transport cargo through waterways. Barges are strain or toed by naval vessels in the water bodies. Barge is classified in three types, namely covered, open, and tank. Covered type is used to haul dry goods such as agricultural products, pharmaceutical products, and electronic & digital product. On the other hand, tank ones are used to transport goods such as crude oil, petrochemicals, and liquid chemicals as well as food pulps and juices. Furthermore, barges are commonly utilized in water bodies such as rivers, canals, and lakes; however barge transportation is now broadly used at sea ports. Barge is one of the popular means for transportation endorse by large industries in order to transport their cargo.

Global Barge Transportation Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis is offers in-depth insights, revenue details, and other vital information regarding the global barge transportation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global barge transportation market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Market Dynamics: 

In 2017, the global barge transportation market size was valued at USD 108.8 billion. It is anticipated to reach progress at a CAGR of xx.xx% from 2018 to 2025. Increasing demand for petrochemical products across developed as well as emerging countries, including the U.S., China, and Germany, is one of the major growth factor for the market. Sake associated with lighter transportation in terms of costs, efficiency, and safety and security of cargo are also anticipated to accelerate the market.

Increasing export and import trade integrate with developing economic conditions in most part of the world are particularly playing a notable role in restorative market growth. Growing domestic trade is uplifting the need for a systematic mode of transportation. Barge transportation can particularly serve to this need. Additionally, advancements in barge manufacturing technologies are projected to further accelerate the growth of the market over the forecast period. Government has taking various initiatives and increasing investment for development of inland water infrastructure and research activities undertaken by major industries holder to develop new design and upgrade existing designs for barges. Due to this there will be high market growth potential over the upcoming period.

Market Segmentation:

On the basis of application, the barge transportation market is classified on the basis of major industries. Among all the industries, crude oil and coal industry segment is expected to hold a momentous market share. It is projected to maintain its ascendant position in the market during the upcoming time lag, due to increasing industrialization, which consumes the product of crude oil and coal industry as their fuel. Barge transportation has been one of the important mode for the transportation of agricultural products, thus the agricultural segment is likely to accelerate the market during upcoming time period. Crude and petroleum segment is projected to be at the spearhead of the market throughout the forecast time lag as the demand for coal continues to hurtle. Besides this, increasing demand for crude oil and increasing production of ethanol are accelerating the growth of the segment. Coal consumption has declined in recent times due to strict rules and regulations being drafted by various governments to restraint air pollution and prevents environmental damages caused by burning it. At the same time, adoption of cleaner and low-cost fuels, such as natural gas, has been rising; due to this the market will grow significantly in the upcoming time period.

Regional Analysis:

North America is projected to hold the highest CAGR of xx.xx% over the forecast period. A well-established inland waterway infrastructure in the U.S. is driving the market in North America. The U.S. happens to be a resource-wealthy nation, which needs a dependable transport network. As a result, it has a notably developed infrastructure of locks and dams, water storage reservoirs, hydroelectric power, levees, and other facilities, which augur well for the market. In U.S due to high production of shale oil is creating opportunities for barge transportation during the forecast period.  

Globally, Europe is projected to be the highest revenue contributor throughout the forecast arena. Such as improving economic conditions and a well-established network of inland waterways are increasing the demand for barges. The Netherlands swank well-developed waterways. Besides, the Dutch government has taken various initiatives for development of barge transportation in the country. As a result, the Netherlands is assured to hold a notable share in the Europe market.    

Global Barge Transportation Market Size, Share Analysis By Region 2017

Asia Pacific is the second most favourable region during the same period due to important steps taken by various governments to develop inland waterways combine with increasing regional economy and increasing import and export trade. China is anticipated to post a CAGR of xx.xx% over the upcoming time period. sufficient of water resources and an considerable waterway network totalling to over 25,000 km, comprising of Grand Canal, Yangtze River, and  other canals and tributaries, are anticipated to contribute  the growth of the region at the higher extent. Middle East and Africa market is estimated significant growth in coming years due to gaining attraction from investment, African population and companies finding new scope in the regions are expected to rise healthy growth over the forecast period.

Key Player:

Kirby Corporation, SEACOR Holding, American Commercial Barge Line (ACBL), and Ingram Marine Group are the prominent players in the barge transportation market. Other notable players include Campbell Transportation, Heartland Barge, Canal Barge, ABC India Ltd., PACC Offshore Services Holdings (POSH), and PTC Logistics.

Global Barge Transportation Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.