Global Inland Waterways Vessels Market Set for Continued Growth | 2018 Key Players are Viking, Sanmar, Rhenus, European Cruise Service, Sneed Shipbuilding, CMA CGM, Bayliner, Windcat Workboats, Seacontractors, DFDS, Norfolk Tug, CIWTC

Market Overview:-

Inland Waterways Vessels Market to surpass USD 2,250 billion by 2024; according to a new research report by Global Market Insights, Inc.

Increasing trade activities via inland waterways is primarily driving the industry growth over the forecast timeframe. These vessels are highly preferred owing to their benefits including congestion free transportation, reliability, and cost effectiveness as compared to other modes, further escalating the revenue generation. Various governments across the globe are launching initiatives to modernize their marine ports, positively impacting the inland waterways vessels market till 2024.

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Inland waterways vessels market from diesel oil will exhibit maximum volume share of over 90% till 2024 owing to strong prevalence of fuel in the industry. High usage of the fuel in majority of the vessels will augment to the revenue generation. LSFO will grow rapidly, witnessing more than 6.5% CAGR over the next eight years. The substantial growth is attributed to its rising deployment owing to increasing marine pollution and adverse environmental impacts. Moreover, this fuel fulfils the stringent regulatory standards, further contributing the industry growth.

Currently, the revival of water-based transit has been occurring at a robust pace, as cities across the globe are burdened with traffic congestions, rising pollution and the detrimental impact of carbon emissions from fuel-based vehicles. Therefore, it does not come as a surprise that services like the inter-borough ferry in New York are being applauded by the public and facilitated by authorities. The passenger and bicycle carrying vessels are planned to operate in all the boroughs in New York and will have 22 landing in 6 different routes. The waterborne transit system which costs around $325 million is estimated to carry more than 50 million passengers on an annual basis, paving the way for the progress of the regional water taxi industry.

Top Key Players:-

• CIWTC
• Hodder Tugboat Co.Ltd.
• Moran
• Suderman & young towing company
• Norfolk Tug Company
• Damen Shipyards Group
• Alnmaritec
• DFDS
• Seacontractors
• Seatrade Offshore Marine & Workboats
• McKeil Marine Limited
• Windcat Workboats
• Royal Wagenborg
• Torvald klaveness
• NYK BULK & PROJECTS CARRIERS LTD
• Bayliner
• Bénéteau Group
• CMA CGM Group
• Construction Navale Bordeaux
• EUROPEAN CRUISE SERVICE
• VIKING
• Rhenus Group
• Sanmar
• Sneed Shipbuilding

Regional Segmentations:-

Asia Pacific will capture highest revenue share in inland waterways vessels market, accounting for more than USD 1,750 billion by 2024. Rising initiatives from countries including Japan, South Korea, and China for enhancement of marine transportation will essentially drive the industry growth. These countries have carried out extensive construction activities for bulk-carriers, new tankers, and LNG carriers over the past few years, further supporting the regional dominance.

North America is likely to grow substantially, exhibiting more than 6% CAGR owing to regular modernizations in the terminals and continuous focus of industry participants to expand their fleet.

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Major Points of Table Of Content:-

3. Global Inland Waterways Vessels Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Suppliers
3.3.2. Manufacturers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Pricing analysis
3.4.1. By region
3.4.1.1. NA
3.4.1.2. Europe
3.4.1.3. APAC
3.4.1.4. LATAM
3.4.1.5. MEA
3.4.2. Cost structure analysis
3.5. Inland waterways vessel analysis
3.5.1. Destination ports
3.5.2. Fuel used
3.5.3. Bunker fuels
3.6. Total number of vessels by country, 2016
3.7. Engine power range, by vessel, 2016
3.7.1. Passenger ships
3.7.1.1. Car ferries
3.7.1.2. Ro-Ro ferries
3.7.1.3. Cruise ships
3.7.1.4. Yachts
3.7.2. Non-passenger vessels
3.7.2.1. Freight vessels
3.7.2.2. Tug boats
3.7.2.3. Workboats
3.8. Methanol fuel analysis
3.8.1. Introduction
3.8.2. Regulations & compliance
3.8.3. Infrastructure requirements
3.8.4. Safety and handling of methanol
3.8.5. Methanol as a marine fuel and its research initiatives
3.8.6. Technologies evolution
3.8.7. Future trends
3.8.7.1. Policy and regulatory
3.8.7.1.1. Barriers
3.8.7.1.2. Potential
3.8.7.2. Technical
3.8.7.2.1. Barriers
3.8.7.2.2. Potential
3.8.7.3. Commercial
3.8.7.3.1. Barriers
3.8.7.3.2. Potential
3.9. Improved inland navigation impact on multi-modal logistics
3.10. Technology landscape
3.11. Regulatory landscape
3.11.1. By region,
3.11.1.1. North America
3.11.1.2. Europe
3.11.1.3. Asia Pacific
3.11.1.4. LATAM
3.11.1.5. MEA
3.12. Industry impact forces
3.12.1. Growth drivers, by region
3.12.1.1. North America
3.12.1.2. Europe
3.12.1.3. Asia Pacific
3.12.1.4. LATAM
3.12.1.5. MEA
3.12.2. Industry pitfalls & challenges
3.13. Innovation & sustainability
3.14. Growth potential analysis
3.15. Porter's analysis
3.16. Competitive landscape, 2016
3.16.1. Company market share analysis
3.16.2. Strategy dashboard
3.17. PESTEL analysis

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The robust development and expansion of inland waterways for cost-effective trading and transportation is poised to have a considerable impact on inland waterways vessel industry size. Many regional governments, specifically the ones rooted across the Asian zone, are now becoming more and more aware of the economic benefits of deploying inland waterway vessels, which could enhance the product demand over the years ahead. Driven by extensive investments in off-road infrastructure development and the increasing proportion of waterway trade activities, inland waterways vessel market outlook is expected to undergo a dynamic transformation over 2017-2024.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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