Press release
Soaring Growth in Inland Water Freight Transport Market: Increasing Popularity of Bulk Transportation & Advancements in IT Platforms
Inland Water Freight Transport Market Size
What Is The Projected Market Size Of The Global Inland Water Freight Transport Market And Its Growth Rate?
The Inland Water Freight Transport Market has shown promising growth in recent years and is expected to continue this trend in the future. The key statistics include:
• Size in 2024: $20.08 billion
• Expected size in 2025: $21.47 billion (CAGR of 6.9%)
• Estimated size by 2029: $27.26 billion (CAGR of 6.2%)
This growth can be attributed to factors such as rising population, economic growth in emerging markets, need for economical transportation for cargo, and increasing investments.
What Is Driving The Growth In The Inland Water Freight Transport Market?
The rising demand for bulk transportation of goods pushes the growth of the inland water freight transport market. Bulk transportation refers to the movement of large quantities of goods or materials. Given that large volumes of goods can be accommodated by inland water freight transport, its usage as a choice for bulk transport is increasing. For instance, in 2022, UK ports managed around 458.9 million tonnes of cargo, which was a 3% increase compared to 2021, as reported by gov.uk, a UK-based public sector information website.
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Who Are the Key Players Driving Inland Water Freight Transport Market Growth?
• Ingram Barge
• Kirby Inland Marine
• CMA CGM Group
• American Commercial Barge Line
• Rhenus Group
• Mckeil Marine Limited
• Higman Barge Lines, Inc.
• American River Transportation
• SCF Marine Inc.
• Limited Liability Company Fesco Integrated Transport
• Sealion Cargo
• The Ace Group Inc
• Latin American Cargo - Lac
• Consolidated Grain & Barge Company
• Florida Progress Corporation
• Acbl Holding Corporation
• Ergon, Inc
• American Commercial Lines, Inc.
• Abbey Sea S.A
• Acsa S.R.L.
• Administracion General De Puerto De Buenos Aires
• Argentina Cargo S.R.L
• Trident Freight
• United Arab Shipping Company (Uasc)
• Freight Systems
• Gulftainer Company Limited
What Are The Key Trends In The Inland Water Freight Transport Market?
Key trends in the inland water freight transport market are:
• Investing in Information technology platforms for better vessel management
• Adoption of lean and green inland transportation
• Forming partnerships and securing funding
• Usage of freight and fleet tracking and management systems
• Adapting terminal and port information and communication systems
• Investing in freight tracking systems
What Are The Segments Of The Global Inland Water Freight Transport Market?
• Liquid Bulk Transportation
• Dry Bulk Transportation
• Heavy Fuel Oil
• Diesel
• Biofuel
• Other Fuels
• Cargo Ships
• Container Ships
• Tankers
• Other Vessel Types
Which Region Leads The Inland Water Freight Transport Market?
Western Europe held the largest share in the Inland Water Freight Transport Market in 2024. The Asia-Pacific ranked second in the market share. The other regions analyzed in the report include Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Inland Water Freight Transport Market Global Market Report?
- Market Size Analysis: Analyze the Inland Water Freight Transport Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Inland Water Freight Transport Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Inland Water Freight Transport Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Inland Water Freight Transport Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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