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Barge Transportation Market size is expected to be valued at US$ 191.45 Billion by 2031. Dry bulk cargo barge transportation to hold 55% of the market share.<br>
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Copyright © Fact.MR All Rights Reserved Barge Transportation Market Size, Share & Industry Analysis by Barge Type, by Vessel Type , by Voyage, by Propulsion & Regional Forecast 2021-2031
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ResearchMethodology Research & Intelligence Data Collection Actionable Insights Data Filter & Analysis Business Solution 1 Market profiling 2 Formulating discussion guide • Identifying key opinion leaders • Questionnaire design • In-depth interviews • Coverage across value chain 3 A Developing list of respondents • Key industry experts • Channel study • Developments • Market dynamics • Products • Conclusions Primary Research 4 SOLUTION Data collection • Market participants • Key strengths • Product portfolio • Mapping as per value chain • Key focus segments B 5 Desk Research Data validation 6 C Data analysis Primary Research # • Secondary Research # • Paid Publications# Company Analysis • Linkedin • Zoominfo • Salesforce • Avention • Company websites • Company annual reports • White papers • Financial reports • Factiva • GBI • Genios • Meltwater 7 Insights Systematic Research Approach Copyright © Fact.MR All Rights Reserved
Report Scope & Segmentation Recently published intelligence by Fact.MR estimates that the global barge transportation market will register a CAGR of 4.5% from 2021-2031, reaching US$ 191.45 Bn. Extensive reliance on maritime transportation in lieu of diminishing water borders is principally driving adoption of barges across continents and countries. From 2016 to 2020, the industry experienced a modest incline of 3%, with bulk of the trade happening across the petrochemicals and hydrocarbons sector. As of 2020, the market was valued at US$ 119.92 Bn, experiencing a Y-o-Y growth rate of 3.4% to reach US$ 123.29 Bn in 2021. Recessionary pressures as a result of contracting maritime trade due to COVID-19 temporarily stalled barge transportation uptake. Report Scope Digital Remittance Copyright © Fact.MR All Rights Reserved
Key Takeaways from Market Study • Dry bulk cargo barge transportation to capture 55% of total market revenue through 2031 • Increasing petrochemicals shipping to widen tank barge growth prospects, capturing 30% of global revenue • By voyage, inland transportation to account for major barge transportation adoption, growing at 6% CAGR • U.S to emerge as the fastest expanding market, clocking a CAGR worth 5.3% through 2031 • India to experience major uptake amid high focus on building inland waterways, flourishing at 5% CAGR • “Higher freight rates and the desire to reduce traffic on land will increase demand for barge transportation over the coming years,“ says a Fact.MR analyst. Get To Know More About The Market Copyright © Fact.MR All Rights Reserved
Competitive Landscape • American Commercial Barge Line LLC. • INGRAM Marine Group • Kirby Corporation • SEACOR Holdings Inc. • Campbell Transport Company • Heartland Barge • Bouchard Transportation • Canal Barge • Magnolia Marine Transport • Marquette Transportation Request For Sample Report Copyright © Fact.MR All Rights Reserved
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