DUBLIN--(BUSINESS WIRE)--The "Barge Transportation Market Size, Share & Trends Analysis Report By Type Of Cargo (Dry, Liquid, Gaseous), By Barge Fleet (Covered, Open, Tank), By Barge Activities, By Application, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global barge transportation market size is anticipated to reach USD 140.62 billion by 2025, rising at a CAGR of 3.4% during the forecast period.
The market is projected to witness significant growth over the forecast period, thanks to growing intermodal transportation in several industries including petrochemicals, crude oil, and food processing. Several initiatives undertaken by various governments to encourage inland water transport and continued investments being made by various governments to develop inland water transport infrastructure. North America is expected to offer tremendous growth opportunities for the barge transportation market owing to presence of several barge manufacturers and service providers, growing exports and imports, and abundance of waterways.
Barge transportation can be considered a cost-effective and high-capacity mode of transportation as compared to other modes of transport, such as road, rail, and air. Barges can support higher loads and ensure safety, particularly when it comes to transportation of large volumes of cargos. As a result, adoption of barges is expected to increase over the forecast period.
Increasing spending on research and development activities and subsequent advancements in technology are resulting in development of technologically advanced barges. LNG-fired barges are emerging as an environmentally-friendly alternative for conventional barges powered by diesel engines. Advancements in communication and navigation technologies coupled with growing adoption of IoT and other smart technologies are triggering the efficiency and safety factor of barges.
The barge transportation market remains highly vulnerable to developments in the end-use industries, particularly the crude oil and petrochemicals industries. The growth in the petrochemical industry and emerging opportunities in ethanol production are expected to positively influence the growth of the market.
Market Dynamics
Market driver analysis
- Increasing demand for the petrochemicals and rise in the chemical exports
- Growing need for energy-efficient transportation
- Rising demand for barges with large capacities to transport commodities in bulk
- Stringent measures taken by the government regarding spillage, environmental damage, and causalities
Market restraint analysis
- Constant decline in the coal usage
- Changing weather conditions and longer delivery times
Market challenge analysis
- Oversupply of barges
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Barge transportation Industry Outlook
Chapter 4 Barge Transportation Market by Type of Cargo Outlook
Chapter 5 Barge Transportation Market by Barge Fleet Outlook
Chapter 6 Barge Transportation Market by Application Outlook
Chapter 7 Barge Transportation Market by Barge Activities Outlook
Chapter 8 Barge transportation Regional Outlook
Chapter 9 Competitive Landscape
- Campbell Transportation Company, Inc
- Alter Logistics
- American Commercial Lines LLC
- Heartland Barge
- Kirby Corporation
- ATS International Services, Inc.
- SEACOR Marine Holdings Inc.
- McAllister Towing and Transportation Co., Inc.
- Bouchard Transportation
- PACC Offshore Services Holdings Ltd. (POSH)
For more information about this report visit https://www.researchandmarkets.com/research/4rm7lt/global_barge?w=4
