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Barge Transportation Market Report by Type of Cargo (Dry Cargo, Liquid Cargo, Gaseous Cargo), Barge Fleet (Open Barge, Covered Barge, Tank Barge), Application (Coal and Crude Petroleum Products, Agricultural Products, Coke and Refined Petroleum Products, Metal Ores and Fabricated Metal Products, Chemicals, Rubber and Plastic, Nuclear Fuel, Food Products, Beverages, and Tobacco, and Others), Activities (Intracoastal Transportation, Inland Water Transportation), and Region 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3890
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Market Overview:
The global barge transportation market size reached US$ 126.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 154.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.38% during 2023-2028.
A barge is a long boat with a flat bottom that is used for transporting passengers and heavy goods through rivers, canals, and lakes. It is widely preferred over heavy freight shipping as it is economical and environment-friendly and can be easily employed for transporting bulk commodities, such as grains, coal, and petroleum. At present, the significant growth in the international trade of chemicals, minerals, petroleum, agricultural, electronic, pharmaceutical, and food products is positively influencing the demand for barge transportation around the world.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Barge Transportation Market Trends:
In confluence with the increasing offshore production of oil and gas, rapid industrialization acts as a major growth-inducing factor catalyzing the demand for barge transportation. Moreover, the rising consumption of packaged food products on account of hectic lifestyles, the escalating demand for medical supplies, and the thriving agriculture industry are also bolstering the market growth. Apart from this, governing authorities of numerous countries are increasingly investing in improving infrastructure for inland waterways, which is contributing to the market growth. Additionally, several leading companies are offering distinct facilities, such as infrastructure, warehouses, refueling, and intermodal shipment. These companies are also emphasizing on mergers and acquisitions (M&A), collaborations, and partnerships with other companies to upgrade existing designs, develop innovative products and expand their existing reach in the market. This, along with the growing adoption of the internet of things (IoT), is anticipated to increase the utilization of barge transportation in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global barge transportation market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type of cargo, barge fleet, application and activities.
Breakup by Type of Cargo:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Dry Cargo
- Liquid Cargo
- Gaseous Cargo
Breakup by Barge Fleet:
- Open Barge
- Covered Barge
- Tank Barge
Breakup by Application:
- Coal and Crude Petroleum Products
- Agricultural Products
- Coke and Refined Petroleum Products
- Metal Ores and Fabricated Metal Products
- Chemicals, Rubber and Plastic, Nuclear Fuel
- Food Products, Beverages, and Tobacco
- Others
Breakup by Activities:
- Intracoastal Transportation
- Inland Water Transportation
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alter Logistics (Goldstein Group Inc.), American Commercial Barge Line (American Commercial Lines Inc), Anderson Trucking Service Inc, Bouchard Transportation Co. Inc., Campbell Transportation Company Inc (Blue Danube Incorporated), Heartland Barge Management LLC, Ingram Marine Group, Kirby Corporation, McAllister Towing and Transportation Co. Inc., PACC Offshore Services Holdings Ltd., Poh Tiong Choon Logistics Ltd. and SEACOR Marine Holdings Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type of Cargo, Barge Fleet, Application, Activities, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Alter Logistics (Goldstein Group Inc.), American Commercial Barge Line (American Commercial Lines Inc), Anderson Trucking Service Inc, Bouchard Transportation Co. Inc., Campbell Transportation Company Inc (Blue Danube Incorporated), Heartland Barge Management LLC, Ingram Marine Group, Kirby Corporation, McAllister Towing and Transportation Co. Inc., PACC Offshore Services Holdings Ltd., Poh Tiong Choon Logistics Ltd. and SEACOR Marine Holdings Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global barge transportation market was valued at US$ 126.5 Billion in 2022.
We expect the global barge transportation market to exhibit a CAGR of 3.38% during 2023-2028.
The rising demand for barge transportation for transporting bulk commodities, such as grains, coal, petroleum, etc., is primarily driving the global barge transportation market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of barge transportation services across several nations to transport essential items and medical aids, such as medicine and PPE kits.
Based on the type of cargo, the global barge transportation market has been segmented into dry cargo, liquid cargo, and gaseous cargo. Among these, dry cargo holds the majority of the total market share.
Based on the barge fleet, the global barge transportation market can be divided into open barge, covered barge, and tank barge. Currently, tank barge exhibits a clear dominance in the market.
Based on the application, the global barge transportation market has been categorized into coal and crude petroleum products, agricultural products, coke and refined petroleum products, metal ores and fabricated metal products, chemicals, rubber and plastic, nuclear fuel, food products, beverages, and tobacco, and others. Among these, coal and crude petroleum products currently account for the majority of the global market share.
Based on the activities, the global barge transportation market can be segregated into intracoastal transportation and inland water transportation. Currently, inland water transportation holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global barge transportation market include Alter Logistics (Goldstein Group Inc.), American Commercial Barge Line (American Commercial Lines Inc), Anderson Trucking Service Inc, Bouchard Transportation Co. Inc., Campbell Transportation Company Inc (Blue Danube Incorporated), Heartland Barge Management LLC, Ingram Marine Group, Kirby Corporation, McAllister Towing and Transportation Co. Inc., PACC Offshore Services Holdings Ltd., Poh Tiong Choon Logistics Ltd., and SEACOR Marine Holdings Inc.
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