Inland Waterways Vessels Market to witness phenomenal proceeds over 2022-2024

Inland Waterways Vessels Market to witness phenomenal proceeds over 2022-2024

Inland waterways vessels market has been gaining increasing popularity among the masses lately. Inland waterway transit is particularly in focus at present, as one of the most competitive alternatives for rail and road transport. This sudden spur of popularity can be principally attributed to the eco-friendly benefits of this mode of transport. Inland water ships ensure a high level of safety while carrying dangerous goods in addition to providing energy efficiency and reliability, thereby augmenting inland waterways vessels industry trends.

Recognizing the immense popularity of waterway transportation, regional governments have been on the go, encouraging the adoption of this mode of transportation. The European Union in fact has even come up with a set of regulatory norms to strengthen and promote inland waterways transportation systems. The increasing implementation of waterways transportation for conveyance of goods and passengers is thus likely to boost inland waterways vessels market share.

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Speaking of the involvement of government bodies, it would be prudent to mention a recent incidence witnessed across the Indian sub-continent. In 2017, the Gujarat state government, with the support of the Central government of India, commenced the Ro-Ro ferry services across Dahej and Ghogha for convenient intercity transportation. The initiative is expected to boost the economy of state with considerable savings of fuel and travel time. Indeed, the Ro-Ro ferry service is the debut inland waterway transportation across India and is evidence to the fact that the increasing adoption of this mode of transportation for enhancing business and regional trade is certain to stimulate inland waterways vessels market share.

Taking into account the increasing deployment of inland waterways for goods and passenger transportation, the regulatory bodies across numerous geographies have been enforcing suitable norms to ensure goods protection and safety of occupants. For instance, in 2017, the Singapore government mandated that vessels deployed in inland waterways would have to fulfill standards set by the Maritime and Port Authority of Singapore (MPA). The main aim behind implementing this new standard for inland waterway vessels was to set a safety benchmark the regional inland waterways vessels industry. The escalating involvement of various Asian countries such as India, South Korea, Singapore, and China in waterway infrastructure development will thus substantially expedite Asia Pacific inland waterways vessels industry outlook.

Since the last few decades, the inland waterway transportation network has grown tremendously across Europe, stimulating the regional inland waterways vessels market size. Indeed, this mode of transportation has helped connect European countries to the Baltic Sea, Coastal North Sea, and Black Sea. Despite a well-developed rail and road transportation network, waterway transit has achieved more popularity across Europe pertaining to the lesser transportation cost.

The robust development and expansion of inland waterways for cost-effective trading and transportation is poised to have a considerable impact on inland waterways vessels industry size. Many regional governments, specifically the ones rooted across the Asian zone, are now becoming more and more aware of the economic benefits of deploying inland waterway vessels, which could enhance the product demand over the years ahead. Driven by extensive investments in off-road infrastructure development and the increasing proportion of waterway trade activities, inland waterways vessels market outlook is expected to undergo a dynamic transformation over 2018-2024.

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Partial Chapter of the Table of Content

Chapter 4  Inland Waterways Vessels Market, By Vessel

4.1  Market share by vessel, 2017 & 2024

4.2  Passenger ship

4.3  Non-passenger ship

Chapter 5  Inland Waterways Vessels Market, By Fuel

5.1  Market share by fuel, 2017 & 2024

5.2  LNG

5.3  Low sulphur fuel oil (LSFO)

5.4  Diesel oil

5.5  Heavy fuel oil

5.6  Biofuel

Charts & Figures

FIG. 1    Inland waterways vessels market segmentation

FIG. 2    Industry landscape, volume & revenue (Units) (USD Million), 2013 - 2024

FIG. 3    Industry ecosystem analysis

FIG. 4    Cost structure analysis, 2017

FIG. 5    Regional bunker demand, 2017

FIG. 6    European cruise market (2011-2016)

FIG. 7    Inland waterways vessels market Porter’s analysis

FIG. 8    Growth potential analysis

FIG. 9    Global inland waterways vessel market company market share analysis, 2017

FIG. 10    PESTEL analysis

FIG. 11    Inland waterways vessels market volume share by vessel, 2017 & 2024

FIG. 12    Market volume share by fuel, 2017 & 2024

FIG. 13    Market volume share by region, 2017 & 2024

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