Water Transport Market (Impact of COVID-19) Top Growing Companies: Evergreen Marine Corporation; Nippon Yusen Kabushiki Kaisha (NYK)

The Business Research Company offers "Water Transport Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trend s and strategies that players in the market can adopt.

The global water transport market is expected to decline from $510.6 billion in 2019 to $482.2 billion in 2020 at a compound annual growth rate (CAGR) of -5.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $547.6 billion in 2023.

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The water transport market consists of sales of water transportation services by entities (organizations, sole traders and partnerships) that provide water transportation of passengers and cargo using watercraft, such as ships, barges, and boats.

The introduction of new tank barges with more storage capacity has increased the usage of water transportation mode as it is cheaper, reliable and less polluting. Tank barges are craft used to transport cargo or passengers through river and other inland waterways. Usage of this mode has increased among the companies to transport the liquid-bulk cargo.

Water Transport Market Segmentation: -
By Type
1. Deep Sea, Coastal, And Great Lakes
2. Inland Water Transport

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Water Transport Market Characteristics
4. Water Transport Market Product Analysis
5. Water Transport Market Supply Chain
……
20. Water Transport Market Competitive Landscape
21. Key Mergers And Acquisitions In The Water Transport Market
22. Market Background: Transport Services Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The report covers the trends and market dynamics of the water transport market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the water transport market are A.P. Møller-Maersk; Mediterranean Shipping Company (MSC); CMA-CGM; Evergreen Marine Corporation; Nippon Yusen Kabushiki Kaisha (NYK)

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