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Strategic Forecast for the Inland Water Transport Industry: Market Outlook 2025-2034
Inland Water Transport Market
Inland Water Transport Market Size Growth Forecast: What to Expect by 2025?
The size of the inland water transport market has seen robust growth in past years. Its size is projected to increase from $22.11 billion in 2024 to $23.67 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.1%. Factors such as agricultural transport, bulk cargo transport, development in infrastructure, environmental benefits, and the expansion of trade, commerce, and industrialization have contributed to this historical growth.
How Will the Inland Water Transport Market Size Evolve and Grow by 2029?
Anticipations are high for the inland water transport market, as it is projected to witness substantial expansion in the upcoming years. It's speculated to surge to the value of $30.23 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this uptrend during the forecast timeframe include the adoption of sustainable practices, developments in inland ports and tourism, river restoration initiatives, economic expansion in riverine zones, as well as effective water resource management. Emerging trends set to shape this market's growth trajectory comprise fleets operating on environmentally-friendly technologies, the advent of intelligent ports and terminals, the incorporation of inland waterway information systems, proactive maintenance systems, and the intermodal connectivity of waterways with rail and road networks.
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What Drivers Are Propelling the Growth of Inland Water Transport Market Forward?
Recently, there has been a push towards lean and green inland transit by businesses. This includes a focus on using natural gas for shipping, optimizing vessel designs, and ensuring cargo loading and unloading processes are efficient. The businesses have also started retrofitting older ship equipment with devices aimed at reducing emissions, as well as implementing hull cleaning and coating, high-performance propellers, and nozzles. Soon, advanced propulsion systems like fuel cell hybrid drive technologies are expected to hit the market. These concerted efforts are contributing to a consistent growth in the inland transportation sector in the future.
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Which Emerging Trends Are Transforming the Inland Water Transport Market in 2025?
In February 2024, the U.S.-based firm, Ingram Barge Company LLC (Ingram), recognized for transporting goods via inland waterways, successfully procured Inland River Transport Holdings LLC, also known as SCF, for an unrevealed sum. The principle intention behind this acquisition is to expand Christian Ingram's services and bolster operational abilities pertinent to its widespread river transportation services. Inland River Transport Holdings LLC (SCF) is an American firm specializing in inland river transport and logistics.
What Are the Key Segments in the Inland Water Transport Market?
The inland water transport market covered in this report is segmented -
1) By Type: Inland Water Freight Transport, Inland Water Passenger Transport
Subsegments:
1) By Inland Water Freight Transport: Bulk Cargo Transport, Container Transport, Liquid Cargo Transport, General Cargo Transport
2) By Inland Water Passenger Transport: Canal Passenger Transportation, Intercostal Transportation Of Passengers, Lake Passenger Transportation, Water Shuttle Services, River Passenger Transportation, Ship Chartering with Crew, Water Taxi Services
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Who Are the Key Players Shaping the Inland Water Transport Market's Competitive Landscape?
Major companies operating in the inland water transport market include Ingram Barge Company, Kirby Corporation, Canal Barge Company Inc., Marquette Transportation Company LLC, American Commercial Barge Line LLC, SEACOR Holdings Inc., Tidewater Transportation and Terminals, Bouchard Transportation Co. Inc., Campbell Transportation Company Inc., Florida Marine Transporters LLC, ACL Transportation Services, Danser Group, Groupe Charles André, Cargill Transportation, Imperial Logistics, Fospar S/A, Naviera Fluvial Paraguaya S.A., HMM Co. Ltd, MOL Logistics Co. Ltd, Louis Dreyfus Company, Hamburg Süd Group, ArcelorMittal Shipping, Nippon Yusen Kabushiki Kaisha (NYK Line), Northern Shipping Company, Rhenus Logistics, Balearia Eurolineas Maritimas S.A., CMA CGM Group, Damen Shipyards Group, DFDS A/S, BBC Chartering
What Geographic Markets Are Powering Growth in the Inland Water Transport Market?
Western Europe was the largest region in the inland water transport market in 2024. Asia-Pacific was the second largest region in the inland water transport market. The regions covered in the inland water transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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