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Inland Water Freight Transport Market Size & Share Analysis
Inland Water Freight Transport Market Size
As per the report, the inland water freight transport market size has grown strongly in recent years. It will grow from $18.66 billion in 2023 to $19.92 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The inland water freight transport market size is expected to see strong growth in the next few years. It will grow to $25.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
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Rising Demand For Bulk Transportation Fuels Growth In Inland Water Freight Transport Market
Growing demand for bulk transportation of goods is expected to propel the growth of the inland water freight transport market. Bulk transportation refers to the transportation of large quantities of goods or materials. Inland water freight transport can handle large volumes of goods, making it an ideal option for bulk transport. For instance, according to the Bureau of Transportation Statistics (BTS), a US-based transportation system moved a daily average of about 53.6 million tons of freight valued at more than $54 billion in 2021. Thus, the growing demand for bulk transportation of goods is driving the growth of the inland water freight transport market.
Innovative Solutions In Inland Water Freight Transport
Major companies operating in the inland water freight transport market are developing innovative products with advanced technologies such as Fuel cell technology to reduce carbon emissions. Fuel cell technology refers to an electrochemical device that directly converts a fuel to electricity by means of reactions on the surfaces of electrodes and transport of ions. For instance, in September 2021, Gazonor Béthune, a France-based subsidiary of La Française de l'Energie, launched the world's first hydrogen fuel cell-powered river barge, named La Bethune, It is powered by a 200 kW fuel cell system and can transport up to 350 tonnes of goods on the river Seine. The vessel is expected to reduce carbon emissions by up to 40% compared to a diesel-powered barge.
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
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Major companies operating in the inland water freight transport market report are 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., AP Moller - Maersk A/S, Air Sea Transport Inc, Cleverpod, Oceanwide Corportaion Ltd, Xenius, Ve Commercial Vehicles Limited, Toshiba, Aquamatix, Siemens, Elentec, Forwarding Germany Gmbh, Blue Water Shipping Germany Gmbh, Zim Germany Gmbh & Co Kg, Limited Liability Company Fesco Integrated Transport, Lukoil-Marinbunker, Rn-Bunker, Rosmorport, Fgup, Agrotek-Tm, Element Oil Treiding, Uralkhim-Trans, Paige Logistics Ltd, 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., Yusen Logistics, Nippon Express, Fox Brasil, Panalpina, Maxitrans, Imexlog Logistica Aduaneira, Combined Transport Operator, 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, Maersk, Gulf Marine Services (Gms), National Shipping Company Of Saudi Arabia (Nscsa), Safmarine Container Lines, Maritime Company For Navigation, Bollore Transport And Logistics South Africa (Pty) Ltd, Leeuwfontein Lodge (Pty) Ltd, Hoegh Autoliners (Pty) Ltd, Sturrock Grindrod Maritime (Pty) Ltd
Contents of the report:
1. Executive Summary
2. Inland Water Freight Transport Market Report Structure
3. Inland Water Freight Transport Market Trends And Strategies
4. Inland Water Freight Transport Market - Macro Economic Scenario
5. Inland Water Freight Transport Market Size And Growth
…..
27. Inland Water Freight Transport Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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