Press release
Barge Transportation Market Dynamic Report On Kirby Corporation, SEACOR Holdings, and Campbell Transportation
Barge Transportation Market
Rising investment from industry players to enhance their infrastructure and quality of their fleet will fuel the barge transportation market growth over the forecast timespan. Addition of propulsion nozzle helps in increasing the overall efficiency. Moreover, restructuring of thruster tunnels reduces the transportation costs by 10-15%. These advancements contribute to a significant reduction in greenhouse emissions. In addition, integration of communication and navigation technology will induce immense potential to the barge transportation market size till 2024.
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Global barge transportation shipment volume is expected to cross 12 billion tons till 2024. Huge capacity of the barges will majorly drive the growth during the forecast timespan. A single barge can carry goods with capacity of above 1500 tons at once which is far more than that of railcars or trucks. Rising demand of petrochemical shipments across the globe and increasing crude oil demand especially from developed countries which include U.S. and Japan will further escalate the growth of barge transportation market share over the next few years.
Asia Pacific barge transportation market is expected to cross USD 45 billion over the forecast timeframe. The revenue generation is attributed to the availability of vast waterways channel. Rising inland and coastal waterways freight traffic will further support the industry growth till 2024.
North America barge transportation market is anticipated to grow at highest CAGR of over 5%. This growth is attributed to high demand for petrochemical shipments from the region. Moreover, presence of numerous industry players will further fuel the industry growth till 2024.
American Commercial Barge Line (ACBL), Kirby Corporation, SEACOR Holdings, and Campbell Transportation are among the prominent players in the barge transportation market. Other notable players include Blessey Marine Services, PTC Logistics, Canal Barge, and Heartland Barge. Industry players focus investing heavily on modernization of their fleet for strengthening their foothold. For instance, Kirby Corporation invested USD 135 million for construction of 66 new barges in 2014.
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Table of Content:
Chapter 4. Barge Transportation Market, By Product
4.1. Global barge transportation market share by product, 2016 & 2024
4.2. Dry cargo
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Liquid cargo
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4. Gaseous cargo
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. Barge Transportation Market, By Barge Fleet
5.1. Global barge transportation market share by barge fleet, 2016 & 2024
5.2. Open barge
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3. Covered barge
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.4. Tank barg
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013-2024
Chapter 6. Barge Transportation Market, By Application
6.1. Global barge transportation market share by application, 2016 & 2024
6.2. Coal & crude petroleum
6.2.1. Market estimates and forecast, 2013-2024
6.2.2. Market estimates and forecast, by region, 2013-2024
6.3. Agricultural products
6.3.1. Market estimates and forecast, 2013-2024
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