Barge Transportation Market

The global Barge Transportation market was valued at 15.2 Million USD in 2021 and will grow with a CAGR of 9.21% from 2021 to 2027, based on Research newly published report.

The prime objective of Barge Transportation Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Barge Transportation Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A barge is a flat-bottomed base used for carrying a huge capacity of heavy goods through waterways. A single barge can carry goods with capacity of above 1,500 tons at once which is far more than that of railcars or trucks.Huge capacity of the barges is expected to drive the growth of market during the forecast period. In addition, one of the major drivers for this market is Growth in world seaborne trade, especially for ethanol transportation. The global ethanol production is witnessing an upward growth after a slight decline in 2012. The US and Brazil are the major ethanol producers. Both the countries held 84%-86% of the global ethanol production in 2016. Rising demand of petrochemical shipments across the globe and increasing crude oil demand especially from developed countries which include US and Japan will further escalate the growth of barge transportation market share over the next few years. North America barge transportation market is anticipated to grow at highest CAGR of over 5% resulted from high demand for petrochemical shipments from the region. Asia Pacific barge transportation market is expected to maintain its position over the forecast period on account of rapid industrialization and increasing population.

By Market Verdors:

ACBL

Danser Group

Ingram Marine Group

Kirby

SEACOR

By Types:

Open Barge

Covered Barge

Tank Barge

By Applications:

Coal & Crude Petroleum

Agricultural Products

Coke & Refined Petroleum Products

Metal Ores

Secondary Raw Materials & Wastes

Food Products

Beverages & Tobacco

Basic Metals & Fabricated Metal Products

Chemicals

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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