Report Code: A11361 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Barge Transportation Market
Request Now !Barge is a flat surface vessel that transports cargo through waterways only. Usage of inland waterways within the transportation of chemical, agricultural, and farm products propels the expansion of the market. The import-export of crude oil and petrochemical is extensively dependent upon marine transportation. Increase in demand for oil & petroleum products strengthens trade and boosts the growth of the barge transportation market. Moreover, barge is a popular means for transportation adopted by large industries to transport their cargo and is expected to grow significantly in the future.
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast unit |  Value (USD) |
 Segments covered |  Product, Barge Fleet, and Application |
 Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
 Companies covered | ABC India Ltd., American Commercial Barge Liner (ACBL), Alter Logistics, Continental Corporation, American Commercial Lines LLC, Argosy International Inc., ATS Inc., Blessey Marine Services, Inc, Bouchard Transportation Co. Inc., Campbell Transportation Company Inc. |
COVID-19 scenario analysis:
Growth in demand for cost-effective transportation and increase in trade of metal ores across the globe are expected to boost the market growth. However, high operating costs associated with barge transportation restrain the growth of the market. Further, increase in government support for the development of regional waterways infrastructure strengthens the industry growth and provides lucrative opportunities for the market.
The barge transportation market trends are as follows:
Barge transportation holds a majority of the market due to its cost-effective nature and increased demand. Several advantages, such as protection of goods from extreme & uncertain weather conditions, fuel the growth of the global barge transportation market. It is primarily used to move dry cargo, such as agricultural products, on account of its high cost-effectiveness. Transport by sea allows to ship large volumes with lesser cost than other means of transportation.
Metal ore is estimated to capture a significant industry share during the forecast period due to rise in local and international trade of metal ores globally. Brazil is one of the largest suppliers of metal ore in the world, and is responsible for substantial exports. For every developing country, the amount of export and import increases at a very high scale. In addition, increase in sales of automobiles and rise in construction activities boost the demand for metal ores. Therefore, this is projected to fuel the growth of the barge transportation market.
Key segments covered:
Segments | Sub-segments |
 Product |
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 Barge Fleet |
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 Application |
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Key benefits of the report:
Questions answered in the barge transportation market research report:
Barge Transportation Market Report Highlights
Aspects | Details |
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By Product |
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By Barge Fleet |
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By Application |
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By Region |
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