Barge Transportation Market Analysis, Statistics and Industry Research Report, 2017 - 2024: Global Market Insights Inc.

Barge Transportation Market analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.

A common load carrier has the same capacity as that of 216 rail cars pulled by six locomotives and 1,050 trucks. Moreover, load carriers can move miles on one-gallon fuel with a ton of cargo, whereas trucks can move the same ton of cargo 145 miles on one gallon and trains can move same ton cargos 477 miles per gallon.

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For each member injured in a load carrier accident, 824 are injured in truck accidents, and 80 in rail accidents. For fatalities, 22 rail deaths and 79 truck deaths occur for one load carrier associated death. In addition, the rate of oil spills is very low in water load carriers as compared to other means of conveyance. A lesser number of accidents through inland waterways leads to an increase in the barge transportation market size.

The inland waterways for load carriers are restricted to the cities having rivers, seas, oceans, and canals. Route flexibility gives customers a suitable path for goods transfer with lesser efforts via ports equipped with appropriate equipment for goods storage and further having access to rails or roads.

High maintenance and construction costs of the fleet are considered as major factors responsible for the demotivation of service providers. Capital-intensive nature of the industry will hamper the barge transportation market growth. It has been observed that delivery time, climatic conditions, and border limitations have led to a slow growth rate for the industry.

The implementation of fuel cell technology, such as maritime hydrogen fuel cell, will reduce the harmful effect on the environment. Moreover, hydrogen is an abundantly found element in the universe although very less in its pure form but can be processed and used for powering engines. Improving the energy efficiency will give many opportunities for the barge transportation industry growth.

The petroleum industry is expected to have the maximum barge transportation market share in North America owing to manufacturers interest in crude oil production from untapped regions. Asia Pacific is estimated to have a considerable growth rate during the forecast period owing to large geographical access.

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Major players of the industry are Kirby Corporation, Ingram Marine Group, and SEACOR Holdings. Other players in the barge transportation market are American Barge Commercial Lines, Campbell Transportation, Canal Barge, ABC India, Poh Tiong Choon Logistics, and PACC Offshore Services Holdings.

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