Inland Water Freight Transport Market's 6.9% CAGR to Reach $33.5 Billion by 2033

Allied Market Research published a report, titled, "Inland Water Freight Transport Market by Type (Liquid Bulk Transportation and Dry Bulk Transportation), Fuel Type (Heavy Fuel Oil, Diesel, Biofuel and Other Fuels), Vessel Type (Cargo Ships, Container Ships, Tankers, and Other Vessel Types): Global Opportunity Analysis and Industry Forecast, 2024-2033".

Inland Water Freight Transport Market Research, 2033 :

The global inland water freight transport market was valued at $17.4 billion in 2023, and is projected to reach $33.5 billion by 2033, growing at a CAGR of 6.9% from 2024 to 2033.

Get Research Report Sample Pages : https://www.alliedmarketresearch.com/request-sample/A324586

Prime determinants of growth :

Efficiency in costs and growing environmental awareness are the two critical factors driving the growth of the inland water freight transport market. Furthermore, the adoption of automated vessels, real-time tracking systems advanced logistics management systems and integration with different transport modes are the two primary factors providing an opportunity for the growth of the inland water freight transport market. Moreover, the lack of developed infrastructure and variations in season are two significant factors acting as restraints in the growth of the inland water freight transport market.

Segment Highlights :

Based on vessel type, cargo ships dominated the market in 2023. This is due to the ability of cargo ships to transport a wide range of goods and also help in bulk transportation. Meanwhile, the container ships segment is expected to grow at a significant rate in the market. This is due to the expansion in global trade and the rise in e-commerce.

Based on container type, dry bulk transportation dominated the market in 2023. This is due to the high demand for the movement of commodities such as coal, grains, minerals, and aggregates. Meanwhile, liquid bulk transportation is expected to grow at a significant rate in the market. This is due to the increase in industrial activities that require the transportation of large volumes of liquid commodities.

Based on fuel type, diesel dominated the market in 2023. This is due to the reliability and efficiency of diesel and the existing infrastructure supporting diesel fuel. Meanwhile, the biofuel segment is expected to grow at a significant rate in the market. This is due to increasing environmental regulations and the push for sustainable and eco-friendly fuel options. Bio-fuel is eco-friendly in nature.

Based on vessel type, cargo ships dominated the market in 2023. This is due to the ability of cargo ships to transport a wide range of goods and also help in bulk transportation. Meanwhile, the container ships segment is expected to grow at a significant rate in the market. This is due to the expansion in global trade and the rise in e-commerce.

Procure Complete Research Report Now : https://www.alliedmarketresearch.com/inland-water-freight-transport-market/purchase-options

Regional Outlook :

Based on region, Europe dominated the market in 2023. This is due to the well-established and extensive inland waterway networks such as the Rhine, Danube, and others in the European region. Meanwhile, the Asia-Pacific is expected to grow at a significant rate in the future. This is due to rapid industrialization, urbanization, expanding trade activities, and growing economic growth.

Recent Developments :

In June 2024, Nippon Express launched a new inland water freight transport solution that focuses on increasing its sustainability efforts. In addition, to address climate change, Nippon Express instituted a carbon offset transport service for all ocean freight less-than-container-load (LCL) shipments. This service counterbalances greenhouse gas emissions initiated by LCL transport by obtaining carbon credits from certified projects that not only alleviate global warming but also contribute to local community benefits. This initiative covers all LCL shipments globally and is designed to help customers reduce their carbon footprint without additional costs.

In January 2023, Maxitrans launched the latest inland water freight transport service. The goal of the solution is to make canal logistics more sustainable and productive. The policy aims to provide affordable and environmentally sustainable alternatives for product delivery via rivers and canals, therefore decreasing the dependence on road transportation and, in turn, lowering emissions and traffic congestion.

In October 2023, SCF Marine was involved in a significant transaction where SEACOR Holdings sold its U.S. Inland River Transport Holdings LLC, including SCF Marine to Ingram Barge Company. This sale is expected to enhance SCF's service capabilities and allow for further development of innovative and sustainable transport solutions.

In October 2023, Ingram Barge company expanded its inland water freight transport capabilities by acquiring Inland River Transport Holdings LLC (SCF) from Seacor Holdings. This acquisition includes more than 1, 000 dry cargo hopper barges, eight high-power towboats, and a comprehensive terminal and fleeting infrastructure along the Mississippi River. The deal importantly reinforced Ingram's logistics network, permitting it to transport crucial agricultural and industrial commodities more effectively across over 4, 500 miles (about 7242.05 km) of the U.S. inland waterways.

Inquire Before Buying : https://www.alliedmarketresearch.com/purchase-enquiry/A324586

In 2024, Fox Brasil launched a new inland water freight transport solution, expanding its comprehensive logistics services to include enhanced inland waterway capabilities. This new service aims to provide efficient and cost-effective transportation solutions by leveraging Brazil's extensive river network. The inland water freight transport solution includes specialized services such as break bulk, roll-on/roll-off (RoRo), over-dimensional cargo handling, and sensitive cargoes. Fox Brasil offers a complete range of logistics support, including load-out operations, barge services, route surveys, structural and geometric studies, and end-to-end delivery and discharge at job sites.

Read More Reports :

Utility Terrain Vehicle Market
https://www.alliedmarketresearch.com/utility-terrain-vehicle-market

Heavy-Duty Trailer Market
https://www.alliedmarketresearch.com/heavy-duty-trailer-market-A111362

Automotive Voice Recognition System Market
https://www.alliedmarketresearch.com/automotive-voice-recognition-system-market-A07279

Truck Platooning Market
https://www.alliedmarketresearch.com/truck-platooning-market

Low Speed Electric Vehicle Market
https://www.alliedmarketresearch.com/low-speed-electric-vehicles-market

Europe Trailer Axle Market
https://www.alliedmarketresearch.com/europe-trailer-axle-market-A26140

Contact :

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

About us :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.