Press release
Advancing Inland Transportation For Efficiency And Sustainability: A Key Factor Shaping the Future of the Inland Water Transport Market in 2025
Inland Water Transport
Currently, firms are promoting efficient and environmentally friendly inland transport. They are prioritizing the use of natural gas in shipping, enhanced boat structures, effective cargo loading and unloading procedures, and an array of other improvements. Moreover, the firms are updating outdated ship equipment with devices for reducing emissions, they are undertaking tasks such as hull cleaning and coating, and implementing high-performance propellers and nozzles. Unique and sophisticated propulsion methods, such as hybrid drive technologies powered by fuel cell, will soon be accessible in the market. These endeavors are leading to a consistent expansion in the inland transport market in the years ahead.
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What is the future CAGR of the inland water transport market, and how will it impact industry expansion?
The scale of the inland water transport market has seen significant expansion in the past few years. It is projected to increase from $22.11 billion in 2024 to $23.67 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.1%. The considerable growth observed during the historic period can be credited to factors like agricultural transport, bulk cargo transport, development in infrastructure, environmental benefits, and enhancement in trade, commerce, and industrialization.
Predictions indicate robust expansion in the inland water transport market in the upcoming years, with its size set to reach $30.23 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.3%. This projected surge in the forecast period is credited to sustainable measures, inland port establishment, promotion of tourism, river restoration endeavors, and economic progress in riverine areas, along with water resource management. The forecast period also portends key trends such as fleets featuring environment-friendly technologies, intelligent ports and terminals, inland waterway information systems, systems for predictive maintenance, as well as intermodal linkage with rail and road.
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What are the most significant trends transforming the inland water transport market today?
Ingram Barge Company LLC, a United States-based entity renowned for transporting goods through inland waterways, took over Inland River Transport Holdings LLC, colloquially known as SCF, in February 2024 for an undisclosed sum. This acquisition serves as a strategic move by Ingram to elevate its service offerings as well as boost its operational competencies for its widespread river transportation services. Inland River Transport Holdings LLC (SCF) hails from the United States where it offers inland river travel and logistics services.
Which key market segments comprise the inland water transport market and drive its revenue 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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What regions are at the forefront of inland water transport market expansion?
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.
Who are the leading players fueling growth in the 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
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What Is Covered In The Inland Water Transport Global Market Report?
•Market Size Forecast: Examine the inland water transport market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the inland water transport market for a structured understanding.
•Key Players Overview: Analyze major players in the inland water transport market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the inland water transport market.
•Segment Contributions: Evaluate how different segments drive overall growth in the inland water transport market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the inland water transport market.
•Industry Challenges: Identify potential risks and obstacles affecting the inland water transport market.
•Competitive Landscape: Review strategic developments in the inland water transport market, including expansions, agreements, and new product launches.
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