Global Barge Transportation Market Growth (Status and Outlook) 2023-2029

Global Barge Transportation Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Barge Transportation Industry Forecast” looks at past sales and reviews total world Barge Transportation sales in 2022, providing a comprehensive analysis by region and market sector of projected Barge Transportation sales for 2023 through 2029. With Barge Transportation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Barge Transportation industry.

This Insight Report provides a comprehensive analysis of the global Barge Transportation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Barge Transportation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Barge Transportation market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Barge Transportation and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Barge Transportation.

The global Barge Transportation market size is projected to grow from US$ 91610 million in 2022 to US$ 110950 million in 2029; it is expected to grow at a CAGR of 2.8% from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Barge Transportation market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Open Barge
Covered Barge
Tank Barge

Segmentation by application
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

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ACBL
Danser Group
Ingram Marine Group
Kirby
SEACOR

Please note: The report will take approximately 2 business days to prepare and deliver.