Barge Transportation Market Development and Trends Forecasts Report 2021-2026
Category: #business  By Ronak Bora  Date: 2021-09-20
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Barge Transportation Market Development and Trends Forecasts Report 2021-2026

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.

Increasing requirement to transport heavy industrial goods is expected to augment barge transportation market size over the coming years. Countries worldwide are actively investing in port infrastructure development activities to enhance barge transportation activities. Some countries are considering pouring in huge investments for initiating port modernization projects.

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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.

Gaseous cargo barges are expected to witness an exponential growth on account of surging number of international trades of non-renewable & gaseous products like gaseous chemicals, Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), and Compressed Natural Gas (CNG). Gas products are primarily transported over tank barges as they ensure maximum efficiency and safety. Growing concerns over leakages linked to gas carrying pipelines could massively boost the adoption of barge transportation market.

Barges are deployed by diverse industry verticals to transport or carry bulk goods over long distances. Sea routes play a vital role in facilitating trades across countries at an affordable price. Mounting private and government sector investments geared towards exploring new offshore drilling activities could stimulate the demand for barge transportation market. 

Out of these, the secondary raw materials and the waste sector segment is likely to record substantial growth owing to escalating manufacturing projects, especially across Asia Pacific. Manufacturers prefer to transport their raw material inventory in bulk amounts to prevent price instability. Barge transportation comes as the ideal alternative for transporting bulk wastes and raw materials due to its bulk carrying capabilities and cost-effectiveness.

Industry participants like Kirby Corporation, American Commercial Barge Line (ACBL), SEACOR Holdings, Ingram Marine Group, Campbell Transportation Company and APL Logistics are pioneering the global barge transportation industry with regular innovation strategies and value-added services.

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Partial Chapter of the Table of Content

Chapter 4.   Competitive landscape

4.1.  Introduction

4.2.  Company market share, 2019

4.3.  Competitive analysis of major market players, 2019

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

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/barge-transportation-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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