Press release
Barge Transportation Market Research Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights
Barge Transportation Market
The Business Research Company offers in-depth market insights through Barge Transportation Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The barge transportation market size has grown strongly in recent years. It will grow from $131.2 billion in 2023 to $138.48 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to infrastructure development, bulk cargo demand, environmental benefits, reliability and capacity, supply chain efficiency.
The barge transportation market size is expected to see steady growth in the next few years. It will grow to $166.42 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to sustainability initiatives, global trade expansion, intermodal integration, resilience to disruptions, demand for bulk commodities. Major trends in the forecast period include market diversification, focus on safety measures, inland waterway development, containerized cargo, efficiency improvement.
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Market Segmentation:
The barge transportation market covered in this report is segmented -
1) By Barge Type: Dry Bulk Cargo Barge, Liquid Cargo Barge, Car-Float Barge, Power Barge, Construction Barge
2) By Vessel Type: Open Barge, Covered Barge, Tank Barge
3) By Propulsion: Towed Barge, Self-Propelled Barge
4) By Activities: Intracoastal Transportation, Inland Water Transportation
5) By Application: Coal And Crude Petroleum Products, Food Products, Beverages, Tobacco, Metal Ores And Fabricated Metal Products, Chemicals, Rubber And Plastic, Nuclear Fuel, Other Applications
Major Driver - Surging International Trade Drives Barge Transportation Market Expansion
The rising international trade is expected to propel the growth of the barge transportation market going forward. Imports are products and services purchased by people of a nation but manufactured outside the country. International trade refers to exchanging products and services across international boundaries or territories whenever goods or services are required or desired. For instance, in February 2022, according to the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental body, the value of international trade hit a new high of $28.5 trillion in 2021, a 25% rise over 2020. Therefore, the rising international trade is driving the barge transportation market.
Competitive Landscape:
Major companies operating in the barge transportation market report are Carrier Global Corporation, Emerson Electric Co., AmeriCold Logistics LLC, Lineage Logistics LLC, Digi International Inc., ORBCOMM Inc., Cryoport Inc., Controlant AGM, Sensitech Inc., SpotSee Holdings LLC, ELPRO-BUCHS AG, Berlinger & Co AG, Hanwell Solutions Ltd., Tippmann Group, Cryopak Industries Inc., Savi Technology Inc., Rotronic AG, Maven Systems Pvt. Ltd., Klinge Corporation, Monnit Corporation, LogTag Recorders Ltd., Testo SE & Co. KGaA, Verigo, SecureRF Corporation, BT9 Ltd., Zest Labs Inc., Blulog, Gemini Data Loggers UK Ltd., Intelleflex Corporation, Infratab Inc.
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Top Trend - Technological Advancements Propel Barge Transportation Market With Zero-Emission Solutions
Technological innovations are the key trend gaining popularity in the barge transportation market. Major companies operating in barge transportation are focused on developing innovative technologies to strengthen their position in the market. For instance, in June 2023, Cargill Incorporated, a US-based manufacturer of barge and carrier vessels, in collaboration with KOTUG, a Netherlands-based maritime and towage company, launched Kotug's zero-emission E-Pusher and E-Barges. These are one of the world's first electric-propelled boats and barges for cocoa bean transportation. The emissions-free vessel, which is furnished with innovative state-of-the-art technology and cutting-edge propulsion systems, removes hazardous pollutants such as carbon dioxide (CO2), sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter (PM).
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Barge Transportation Market Characteristics
3. Barge Transportation Market Trends And Strategies
4. Barge Transportation Market - Macro Economic Scenario
5. Barge Transportation Market Size And Growth
…..
27. Barge Transportation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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