Barge Transportation Market Outlook By Opportunity and Demand Analysis, Forecast 2026
Estimates suggests that global barge transportation market size will exceed US$50 billion in terms of annual valuation by the end of 2026. Rise in port infrastructure development activities across the globe is likely to favor the expansion of barge transportation industry. 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.
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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.
In terms of application, the Barge Transportation Market is categorized under agricultural products, coal & crude petroleum, metal ores, refined & petroleum coke products, food products, secondary raw materials and wastes, basic metals & fabricated metal products, beverages & tobacco, rubber & plastic, chemicals, and nuclear fuel.
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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