The 2023-2028 “Barge Transportation Market Report” covering Cargo Type, Fleet, Application, Activities, and Region is now available on ResearchAndMarkets.com.
The global barge transportation market witnessed substantial growth, reaching US$ 126.5 Billion in 2022. Anticipating continued expansion, the market is projected to hit US$ 154.6 Billion by 2028, displaying a CAGR of 3.4% during the period.
Key Market Drivers: The rising international trade of various commodities, including chemicals, minerals, petroleum, electronics, pharmaceuticals, and agricultural products, is fueling the demand for barge transportation globally. Additionally, the surge in offshore oil and gas production, rapid industrialization, increased consumption of packaged food, growing demand for medical supplies, and a thriving agriculture industry contribute to the market’s upward trajectory.
Infrastructure Investments: Governments worldwide are investing in enhancing inland waterway infrastructure, further boosting market growth. Leading companies are offering comprehensive facilities such as warehouses, refueling, and intermodal shipment services. Mergers, acquisitions, collaborations, and partnerships are actively shaping the industry landscape, with companies focusing on innovation and expansion through the integration of IoT technology.
Key Questions Addressed:
- Global barge transportation market size in 2022.
- Expected growth rate during 2023-2028.
- Key factors driving market growth.
- Impact of COVID-19 on the market.
- Breakdown based on cargo type, barge fleet, application, and activities.
- Key regions and players in the 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:
- Type of Cargo: Dry Cargo, Liquid Cargo, Gaseous Cargo
- Barge Fleet: Open Barge, Covered Barge, Tank Barge
- Application: Coal and Crude Petroleum Products, Agricultural Products, Coke and Refined Petroleum Products, Metal Ores, Chemicals, Rubber and Plastic, Food Products, Beverages, Others
- Activities: Intracoastal Transportation, Inland Water Transportation
- Region: North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa.
For more information about this report visit https://www.researchandmarkets.com/r/e05flc
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.