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Barge Transportation Market Size 2024: Global Share, Industry And Report Analysis By 2031 |Robert Bosch GmbH secunet Security Networks AG STMicroelectronics International N.V.

12-10-2024 08:23 AM CET | Chemicals & Materials

Press release from: orion market research

Barge Transportation Market

Barge Transportation Market

Barge transportation market is anticipated to grow at a CAGR of 3.7% during the forecast period (2024-2031). Government regulations on emissions and an increasing emphasis on reducing carbon footprints are forcing businesses to transition to more ecologically friendly barges and vessels. Barges can reduce wear and tear on infrastructure and traffic congestion.

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Barge transportation has emerged as a competitive choice in the transportation business owing to technological improvements including automation, digitization, and alternative fuels that improve operating efficiency, safety, and environmental performance. According to the article Institute for Transportation and Development Policy (ITDP), in January 2024, transportation in the US is one of the highest annual consumer expenditures, accounting for $1.6 trillion. Spending on transportation increased by almost 30% between 2020 and 2021, with the purchase of vehicles accounting for the majority of the rise. The shortage and demand for gasoline caused a 25% increase in price, which led to inflation. Despite the high costs of owning and maintaining a private vehicle, 93% of average households' transportation expenses go towards buying, maintaining, and operating cars.

full report of Barge Transportation Market available @ https://www.omrglobal.com/industry-reports/barge-transportation-market

• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Barge Transportation Market Report Segment
By Product
• Dry Cargo
• Liquid Cargo
• Gaseous Cargo

By Barge Fleet
• Opened
• Covered
• Tank Barge

By Application
• Coal and Crude Petroleum
• Agricultural Products
• Coke and Rrefined Petroleum Products
• Metal Ores
• Secondary Raw Materials and Wastes
• Food Products, Beverages, and Tobacco
• Basic Metals, Fabricated Metal Products
• Others (Pharmaceuticals, Chemicals, Rubber & Plastic, Nuclear Fuel)

Global Barge Transportation Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global barge transportation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/barge-transportation-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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