Barge Transportation Market Opportunities and Future Estimations Between 2022 and 2024

Barge Transportation Market Opportunities and Future Estimations Between 2022 and 2024

Barge transportation market is set to observe growth rate of over 4% till 2026.Several countries are making huge investments in developing economical modes of transportation and port modernization to cater to the rising trade activities, which in turn is facilitating barge adoption and deployment.

Barges are extensively used across various countries to transport bulk goods between several business verticals, which is increasing their deployment across various industries. Additionally, the market is also witnessing a significant product demand owing to the mounting government as well as private sector investments towards the exploration of new offshore drilling projects.

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With respect to the product segment, the gaseous cargo barge transportation market is poised to exhibit immense growth owing to the increasing global trade of non-renewable and gaseous products like LNG (Liquefied Natural Gas), CNG, gaseous chemicals, and LPG (Liquefied Petroleum Gas) among others.

Large-scale industrialization and increasing manufacturing activities, majorly in Asia Pacific countries, is fueling secondary raw materials and the waste sector growth. Over the past few years, barge transportation has become one of the most efficient way of transporting bulk raw materials & wastes on account of bulk carrying capabilities and cost-effectiveness.

Open barges fleet segment currently observes massive deployment for transportation of non-perishable commodities like coal and iron ore. Deck barges are open rectangular barges with flat surface decks. While these barges do not have walls, and thus cannot be used for moving goods that need containerization, they are witnessing a substantial amount of demand for applications that involves the transportation of heavy equipment loads.

The cost-effectiveness of these open barges, when compared with the counterparts, is projected to aid the open barge transportation industry size through the forthcoming years.   

The MEA barge transportation market is anticipated to grow substantially as the key ports in the region manage heavy cargo volumes on a daily basis. The region already possesses a large fleet of barges, especially in some of the region’s most prominent countries, including Qatar, Kuwait, and Saudi Arabia, which further supports growth of  the regional market.

The competitive landscape of the barge transportation market is inclusive of players such as Crowley Maritime Corporation, Campbell Transportation Company, APL Logistics, SEACOR Holdings, Ingram Marine Group, Kirby Corporation, and American Commercial Barge Line (ACBL) among others.

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Partial Chapter of the Table of Content

Chapter 5.   Barge Transportation Market, By Product

5.1.  Key trends by product

5.2.  Dry cargo

5.2.1. Market estimates and forecast, 2015 – 2026

5.3.  Liquid cargo

5.3.1. Market estimates and forecast, 2015 – 2026

5.4.  Gaseous cargo

5.4.1. Market estimates and forecast, 2015 – 2026

Chapter 6.   Barge Transportation Market, By Barge Fleet

6.1.  Key trends by barge fleet

6.2.  Opened

6.2.1. Market estimates and forecast, 2015 – 2026

6.3.  Covered

6.3.1. Market estimates and forecast, 2015 – 2026

6.4.  Tank barge

6.4.1. Market estimates and forecast, 2015 – 2026

Chapter 7.   Barge Transportation Market, By Application

7.1.  Key trends by application

7.2.  Coal and crude petroleum

7.2.1. Market estimates and forecast, 2015 – 2026

7.3.  Agricultural products

7.3.1. Market estimates and forecast, 2015 – 2026

7.4.  Coke and refined petroleum products

7.4.1. Market estimates and forecast, 2015 – 2026

7.5.  Metal ores

7.5.1. Market estimates and forecast, 2015 – 2026

7.6.  Secondary raw materials and wastes

7.6.1. Market estimates and forecast, 2015 – 2026

7.7.  Food products, beverages, and tobacco

7.7.1. Barge transportation market estimates and forecast, 2015 – 2026

7.8.  Basic metals, fabricated metal products

7.8.1. Market estimates and forecast, 2015 – 2026

7.9.  Chemicals, rubber and plastic, nuclear fuel

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