Press release
Global Water Transport Market Growth Prospects, Trends and Forecast up to 2032 | A.P. Møller-Mærsk A/S, China Ocean Shipping Company Limited, Cargill Incorporated, CMA CGM S.A., Hapag-Lloyd AG
Water Transport Market
As per the Water Transport market report by The Business Research Company, Water transportation service companies are increasingly using sensor technologies to enable monitoring of remote locations of ships. A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any one of several other environmental phenomena present on the ship. Sensors in remote locations of ships collect data autonomously and relay the data to the control room in real-time.
The global water transport market grew from $544.7 billion in 2022 to $575.68 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The water transport market is expected to grow to $694.19 billion in 2027 at a CAGR of 4.8%.
Read More On The Water Transport Market Report Here:
https://www.thebusinessresearchcompany.com/report/water-transport-global-market-report
Major competitors in the Water Transport market include A.P. Møller-Mærsk A/S, China Ocean Shipping Company Limited, Cargill Incorporated, CMA CGM S.A., Hapag-Lloyd AG, Nippon Yusen, Evergreen Marine Corp, K-Line, Hyundai Merchant Marine Co. Ltd., and Kuehne + Nagel International AG.
The Water Transport Market is segmented -
• By Type: Deep Sea, Coastal, And Great Lakes, Inland Water Transport
• By Application: Onshore, Offshore. Asia-Pacific was the largest region in the water transport market in 2022.
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Water transport is a mode of transportation that uses ships, barges, and boats that can float on water surfaces to transport people, goods, and freight. This mode of transportation is less expensive than rail, road, and air transport, is beneficial for the carriage of heavy goods over long distances in foreign trade, and is also used in military operations to defend naval borders.
The Table Of Content For The Water Transport Market Include:
1. Executive Summary
2. Report Structure
3. Water Transport Market Characteristics
4. Water Transport Market Product Analysis
5. Water Transport Market Supply Chain
……
22. Key Mergers And Acquisitions In The Water Transport Market
23. Market Background: Transportation Services Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
The "Global Water Transport Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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