Soaring Demand Set to Propel Inland Water Freight Transport Market to $27.26 Billion by 2029

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How Large Will the Inland Water Freight Transport Market Size By 2025?
The market size for inland water freight transport has seen robust expansion in the past few years. The future projections indicate an increase from $20.08 billion in 2024 to $21.47 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. This growth during the previous years can be accredited to factors such as a growing population, economic development in up-and-coming markets, the requirement for cost-effective cargo transportation, and a rise in investments.

How Big Is the Inland Water Freight Transport Market Size Expected to Grow by 2029?
Expectations are high for the inland water freight transport market size as it is set to experience robust growth in the coming years. By 2029, it is projected to expand to $27.26 billion at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth over the forecast period is attributable to quickening economic growth, a surge in e-commerce demand, advancements in infrastructure, and escalating investments. Forecasts for the period also indicate key trends such as the implementation of IT platforms for superior vessel management, the adoption of lean and ecologically-friendly inland transportation, forming partnerships and securing funding, the utilization of freight and fleet tracking and management systems, embracing terminal and port information and communication systems, and investment in freight tracking systems.

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Which Key Market Drivers Powering Inland Water Freight Transport Market Expansion and Growth?
The surge in the demand for large-scale goods transportation is predicted to fuel the expansion of the inland water freight transport market. Bulk transportation involves transporting huge quantities of goods or materials. Due to its ability to handle massive volumes, inland water freight transport emerges as a perfect fit for bulk transport. For instance, gov.uk, a public sector information portal based in the UK, reported in July 2023 that UK ports processed a total cargo of 458.9 million tonnes in 2022, a surge of 3% in comparison to 2021. Therefore, the rising need for large-scale goods transportation is steering the progress of the inland water freight transport market.

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Which Fast-Growing Trends Are Poised to Disrupt the Inland Water Freight Transport Market?
Key businesses in the inland water freight transport market have begun freight operations with an aim to increase operational efficiency, cut costs of transportation, and enhance the reliability of their services in response to the growing desire for sustainable logistics options. They are also working towards the promotion of tourism by improving waterway accessibility. By upgrading the infrastructure for passenger ships and leisure boating, their goal is to draw tourists and stimulate the local economies. For example, in December 2023, The Andhra Pradesh Inland Waterways Authority in India introduced initiatives for cargo transportation with the aim of boosting cargo movements and tourism by expanding inland waterways. The authority has deployed freight operations such as functional Roll-on/Roll-off (Ro-Ro) services on National Waterway-4 (NW-4), specifically between Ibrahimpatnam and Lingayapalem on the Krishna River. The service is predominantly used for transporting construction stone chips, exemplifying the possibilities of efficient cargo transportation through inland waterways.

What Are the Emerging Segments in the Inland Water Freight Transport Market?
The inland water freight transport market covered in this report is segmented -

1) By Type: Liquid Bulk Transportation, Dry Bulk Transportation
2) By Fuel Type: Heavy Fuel Oil, Diesel, Biofuel, Other Fuels
3) By Vessel Type : Cargo Ships, Container Ships, Tankers, Other Vessel Types

Subsegments:
1) By Liquid Bulk Transportation: Transportation Of Chemicals, Transportation Of Petroleum Products, Transportation Of Food-Grade Liquids
2) By Dry Bulk Transportation: Transportation Of Agricultural Products, Transportation Of Minerals, Transportation Of Construction Materials

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Who Are the Global Leaders in the Inland Water Freight Transport Market?
Major companies operating in the inland water freight transport market include 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

Which are the Top Profitable Regional Markets for the Inland Water Freight Transport Industry?
Western Europe was the largest region in the inland water freight transport market in 2024. Asia-Pacific was the second largest region in the global inland water freight transport market share. The regions covered in the inland water freight transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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