Barge Transportation Market is Estimated to Reach USD 161.04 Billion By 2030: Cognitive Market Research

Global Barge Transportation Market Overview:
Barge transport is a mode of transport that transports goods and materials which is a flat-bottomed vessel used on both inland and coastal waterways. Barge sizes range from small boats used for recreational purposes to large vessels used to transport heavy cargo and industrial equipment. Barge transportation is widely used to transport bulk commodities such as coal, grain, oil and other bulk commodities, building materials, and heavy machinery for various purposes. Barges can transport these goods more efficiently and cheaper than other modes of transport such as trucks and trains, especially over long distances.

Summary:
• As per the study of CMR, The Global Barge Transportation Market Size Was Valued at USD 125.17 Billion In 2022 And is Expected to Grow at a CAGR Of 3.2% During the Forecast Period, Reaching USD 161.04 Billion By 2030.
• Growing landside congestion along with rising demand for cost-effective transportation modes is the major driving factor for the growth of the Barge Transportation market.
• Asia Pacific is expected to dominate the barge transportation market
• Based on the barge fleet, the covered barge segment held a significant share in 2022 owing to covered barge transportation involving the use of barges that are equipped with a covering to protect cargo from the elements during transport.

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What are the driving factors for the barge transportation market?
Growing landside congestion along with rising demand for cost-effective transportation modes is the main driving factor contributing to the growth of the barge transportation market during the forecast period. Barge transportation is one of the most cost-effective than other transportation modes, particularly for transporting large quantities of bulk goods. Barges can carry a larger volume of cargo at a minimal cost per ton than trucks and trains. Additionally, the rising popularity of inland waterways has driven market growth over the forecast period. However, there is a limited route to waterways and ports that can accommodate barges, which can restrict the movement of goods to certain areas that may obstruct the growth of the market in near future. Further, continuous innovations to improve the performance of barge transport are expected to create great opportunities for the market during the forecast period.

Market Segmentation:
Global barge transportation market type segmentation:
• Liquid Cargo
• Gaseous Cargo
• Dry Cargo
The dry cargo segment is a major revenue contributor in terms of type, dry cargo transportation through barge is a common mode of transportation for bulk commodities, such as coal, iron ore, and construction materials. Barge transportation is well-suited for transporting dry cargo as it is a cost-effective and efficient way to move large volumes of cargo.

Global barge transportation market barge fleet segmentation:
• Covered Barge
• Open Barge
• Tank Barge
Based on the barge fleet, the covered barge segment held a significant share in 2022 owing to covered barge transportation involving the use of barges that are equipped with a covering to protect cargo from the elements during transport. This type of transportation is increasingly used for bulk commodities such as coal, and other raw materials that can be easily damaged by exposure to moisture or weather conditions.

Global barge transportation market application segmentation:
• Crude and Petroleum Products
• Coal and Crude Petroleum Products
• Food Products, Beverages, and Tobacco
• Metal Ores and Fabricated Metal Products
• Chemicals, Rubber and Plastic, Nuclear Fuel
• Others

Competitive Analysis of Barge Transportation Market: ACBL, Danser Group, Ingram Marine Group, Kirby, SEACOR

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Asia Pacific is expected to dominate the barge transportation market
As per CMR analysis, Asia Pacific is expected to dominate the barge transportation market. The growth of market is significantly growing in the region, as the Asia Pacific region faces several challenges including inadequate infrastructure, regulatory hurdles, and environmental concerns. Barge transportation is considered as an important mode of transportation in the Asia Pacific region. Barges are used to transport a variety of goods, including coal, petroleum products, chemicals, heavy materials, and agricultural products. In countries like China, India, and Indonesia, barge transportation is often used to transport goods along rivers and canals, as well as to connect ports to inland areas.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Barge Transportation Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Barge Transportation Market Segmentation
1.5.1 Barge Transportation Market Regional Fragmentation
1.5.1 Barge Transportation Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Barge Transportation Market
• 3.1 Global Barge Transportation Market Size 2018 - 2030, (USD Million)
• 3.2 Global Barge Transportation Value, Absolute & Opportunity Analysis
• 3.3 Global Barge Transportation Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Barge Transportation Market Statistics 2022: Snapshot
Chapter 4 Global Barge Transportation Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Barge Transportation Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Barge Transportation Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Barge Transportation Market by Fleet Segmentation Analysis (2018-2030)
Chapter 12 Global Barge Transportation Market Regional Analysis
Chapter 13 North America Barge Transportation Market Outlook (2018 - 2030)
Chapter 14 Europe Barge Transportation Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Barge Transportation Market Outlook (2018 - 2030)
Chapter 16 Latin America Barge Transportation Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Barge Transportation Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
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