Press release
Inland Water Transport Market on Path to Hit $27.18 Billion by 2029 at 6.8% CAGR
Inland Water Transport Market
Inland Water Transport Market Outlook: What Size And CAGR Are Anticipated By 2025?
There has been a significant expansion of the inland water transport market size in the past few years. The growth is expected to rise from $19.64 billion in 2024 to $20.88 billion in 2025, showing a compound annual growth rate (CAGR) of 6.3%. The growth, seen during the historical period, can be ascribed to factors such as transportation of agricultural produce, bulk cargo transport, infrastructure growth, environmental benefits, trade and commercial activities, and industrialization progress.
What Is the Expected CAGR for the Inland Water Transport Market Growth Through 2029?
Expectations are high for robust expansion in the inland water transport market over the coming years. Predictions show a surge to $27.18 billion by 2029, riding on a compound annual growth rate (CAGR) of 6.8%. Factors such as sustainable practices, inland port extensions, tourism industry improvement, river revitalization projects, economic progress in riverine regions, and water resource supervision are contributing to this predicted growth. Key trends in this period include the adoption of environment-friendly technologies in fleets, integration of smart ports and terminals, implementation of inland waterway information systems, predictive maintenance systems, and enhanced intermodal link with rail and road networks.
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What Are the Primary Drivers Behind Inland Water Transport Market Growth?
In recent times, businesses have been promoting environmentally-friendly and efficient inland transport. They are concentrating their efforts on utilizing natural gas in transportation, optimizing ship designs and enhancing the loading and unloading procedures of cargo among other things. Companies are also upgrading their older ship equipment with devices to reduce emissions, as well as utilizing hull cleaning and coating practices alongside high-performance propellers and nozzles. The availability of advanced propulsion systems like fuel cell hybrid drive technologies is also expected to hit the market shortly. These initiatives continue to gradually elevate the inland transportation market's growth prospects in the following years.
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What Are the Key Segments Driving Inland Water Transport Market Growth?
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 Major Competitors in the Global Inland Water Transport Market?
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
Which Region Dominates the Inland Water Transport Market Share in 2025?
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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