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NEW YORK, Aug. 22, 2022 /PRNewswire/ — According to the report “Barge Transportation Market by Type and Geography – Forecast and Analysis 2022-2026“, the market will witness a YOY growth of 4.37% in 2022 and a CAGR of 5.13% during the forecast period. The report is segmented by type (dry cargo barge and liquid cargo barge) and geography (APAC, North America, Europe, South Americaand the Middle East and Africa).
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Vendor Landscape
The barge transportation market is fragmentedand vendors are deploying growth strategies such as focusing on service pricing and service offerings to compete in the market. Competition from new entrants is expected to be low in the global barge transportation market during the forecast period. However, the established existing players compete in terms of service pricing and service offerings. Pricing of barge transportation varies depending upon the services the company offers, such as measures for safety, environmental sustainability, and large capacity handling. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- ABC India Ltd.
- Alter Logistics Co.
- American Contract Bridge League Inc.
- Anderson Trucking Service Inc.
- ARA Bulk BV
- Argosy International Inc.
- Blessey Marine Services Inc.
- Campbell Transportation Co. Inc.
- Continental AG
- Danser Group
- Dubbelman Container Transporten BV
- Ernst Frankenbach Ltd. Liability Co.
- Haeger and Schmidt Logistics GmbH
- Heartland Barge Management LLC
- Ingram Marine Group
- Khon Kaen Sugar Industry Public Co. Ltd.
- Kirby Corp.
- McAllister Towing and Transportation Co. Inc.
- neska Container Line BV
- Poh Tiong Choon Logistics Ltd.
- SEACOR Marine Holdings Inc.
- Singa KBH Industry Sdn Bhd
- Waalhaven Holding BV
Find out growth strategies adopted by vendors and their product offerings. View FREE PDF Sample Report.
Geographical Market Analysis
APAC will provide maximum growth opportunities in barge transportation during the forecast period. According to our research, the region will contribute 51% of the global market growth during the forecast period. China and Japan are the two major markets for barge transportation in APAC. The growth of this region is attributed to factors such as the rising domestic trade opportunities.
Learn more about this market’s geographical distribution along with a detailed analysis of the top regions in the report. Buy Now to gain access to information about all segments and regions
Key Segment Analysis
The dry cargo barge segment will have the highest contribution to market growth during the forecast period. The growth of this segment is attributed to factors such as the rising dry cargo capacity across the world. The demand for leased dry containers is fueled by the growth of agriculture and the manufacturing of electronic goods, home appliances, textiles, and other bulk materials.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
Key Market Drivers and Challenges
The rising crude oil movement by barges is driving the growth of the market. Barge transportation is convenient and can transport a high quantity of crude oil in a cost-effective way. The oil sand crude production is expected to rise during the forecast period, which is fueling the demand for barges. Moreover, the cost of crude oil transportation via barges is low when compared to rail and trucks.
The presence of alternatives will challenge the barge transportation market during the forecast period. The need for fuel efficiency and environmental sustainability is leading to the growth of intermodal rail transportation. Moreover, stringent regulations on carbon emissions are compelling cargo movers and shippers to adopt rail intermodal. Therefore, the growth of rail intermodal as an alternative is expected to hinder the demand for barge transportation.
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Customize Your Report
Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Technavio can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
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Barge Transportation Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.13% |
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