Europe Inland Waterways Vessel Market: Global Industry Trends and Regional Forecast to 2024
The size of Europe inland waterways vessel market was registered at USD 55.85 billion in the year 2016 and is anticipated to cross USD 115 billion by 2024. Between the period 2017-2024, the market is expected to register a CAGR of 9%
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Making a headway in Europe inland waterways vessel market, the Swedish Orient Line, apparently, is investigating new ways of utilizing Europe’s inland transport, with the introduction of an environmentally viable container shuttle between Kristinehamn and Gothenburg. Reportedly, it is the first inland waterway based solution for Sweden transport and logistics market.
Citing another distinctive instance, Port-Liner, one of the formidable players in Europe inland waterways vessel market, is on its way to introduce world’s first fully electric emission free barges in Europe inland waterway, challenging the existing road and rail transport solutions in the continent. Sources claim- the battery powered ships would have the capacity to encompass 280 containers, with an expectation to remove almost 23,000 trucks from roads annually. Reportedly, Amsterdam, Rotterdam, and Antwerp ports would be hosting the new vessels.
Statistics depict- total volume of good transported via inland waterways in Europe was approximately 554 million tonnes in 2016, allegedly, an increment of almost 0.9% than what was recorded in 2015. Experts deemed this to be positive indicator for Europe inland waterways vessel market growth especially from non-passenger vessels. In fact, non-passenger vessel accounted for almost 60% of the overall Europe inland waterways vessel industry share in 2016. Primarily on account of its competitive advantage over others with regards to energy efficiency and consumption, experts believe, non-passenger inland waterways vessel market in Europe to witness immense growth over 2017-2024.
The commercialization matrix of Europe inland waterways vessel market has upscaled tremendously over the past few years, in sync with the increasing propagation of energy exploitation and efficiency across the continent. While inland waterway transport on European corridors has always been a viable alternative to rail and road mode, the business space has gained an appreciable popularity in recent years in consequence to the sustainability march led by the regional government. Europe Inland Waterways Vessel Market
In this regard, the Netherland Presidency, in the year before last, has signed an informal agreement with the European Parliament, dealing with the revision of regulatory standards regarding the technical requirements of inland waterway vessels operating in the region. Needless to mention, these kind of regulatory improvisations and standardizations speak volume and has remarkably contributed toward Europe inland waterways vessel market trends. Validating the efficacy of the aforementioned declaration, the overall business space has crossed USD 55 billion frontier in 2016.
Speaking of the competitive spectrum, Europe inland waterways vessel market space is ablaze with renowned biggies including the likes of Mediterranean Shipping Company S A, European Cruise Service, Viking Line, KG, Bayliner, and Meyer Werft GmbH & Co. These giants, in accordance with the regionally changing sustainability trends have been working relentlessly to come up with innovative energy efficient, environment friendly range of products.
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Some Point from Table of Contents:
Chapter 4. Europe Inland Waterways Vessel Market, By Vessel
4.1. Europe inland waterways vessel market share by vessel, 2016 & 2024
4.2. Passenger Ships
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.2.3. Class IV
4.2.3.1. Market estimates and forecast, 2013-2024
4.2.3.2. Market estimates and forecast, by region, 2013-2024
4.2.4. Class V
4.2.4.1. Market estimates and forecast, 2013-2024
4.2.4.2. Market estimates and forecast, by region, 2013-2024
4.3. Non-passenger vessels
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.3.3. Freight vessels
4.3.3.1. Market estimates and forecast, 2013-2024
4.3.3.2. Market estimates and forecast, by region, 2013-2024
4.3.4. Tug boats
4.3.4.1. Market estimates and forecast, 2013-2024
4.3.4.2. Market estimates and forecast, by region, 2013-2024
4.3.5. Workboats
4.3.5.1. Market estimates and forecast, 2013-2024
4.3.5.2. Market estimates and forecast, by region, 2013-2024
4.4. Pleasure boats
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
4.4.3. Motor cruiser
4.4.3.1. Market estimates and forecast, 2013-2024
4.4.3.2. Market estimates and forecast, by region, 2013-2024
4.4.4. Sailing cruiser
4.4.4.1. Market estimates and forecast, 2013-2024
4.4.4.2. Market estimates and forecast, by region, 2013-2024
4.4.5. Narrow boat
4.4.5.1. Market estimates and forecast, 2013-2024
4.4.5.2. Market estimates and forecast, by region, 2013-2024
4.4.6. Houseboat
4.4.6.1. Market estimates and forecast, 2013-2024
4.4.6.2. Market estimates and forecast, by region, 2013-2024
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