The Global Barge Transportation Market is estimated to garner US$ 56.68 billion by 2027, registering a CAGR of 3.8% during the forecast period 2020-2027.
Precedence Research, Recently Published Report on “ Barge Transportation Market Size, Share, Growth, Trends, Segment Forecasts, Regional Outlook 2020 - 2027”. The report offers an up-to-date analysis regarding the current market scenario, latest trends, key drivers, potential challenges, profitability graph and the overall market environment.
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Growth Factors
Numerous benefits offered by barge transportation in terms of efficiency, cost, and security & safety of cargo propel the growth of the market. Rising import & export business along with improving economic condition across different parts of the world plays significant role in triggering the market growth. In addition, the barge transportation market holds intense growth potential in the near future due to increasing initiatives and investment by the government f different regions for development of inland water infrastructure. Further, various research activities are carried out by the industry participants to develop new and upgrade the existing barge designs. For instance, hybrid LNG barge is more environment-friendly and fuel-efficient alternative for conventional ones.
However, rapid development for advanced railway transportation projected to restrict the market growth. Moreover, increasing domestic trade and attractive return on investment induce significant growth potential for the market players in the coming years.
Regional Snapshots
Europe led the global barge transportation market with prominent revenue share of approximately 40% in the year 2019. The accelerating growth of the region attributed to the improved economic condition, significant development in industrialization, and well-established network for inland waterway in the region. European countries have large number of ports and water resources that makes them most favorable region for the growth of barge transportation. For instance, the Netherlands is located at the Rhine-Scheldt Delta that provides an important mode of international transportation. Furthermore, increase in the size of barge transportation fleet along with cooperation between public and private shipping companies significantly drives the growth of barge transportation industry in the country. Some of the European countries have planned out to completely shut down the coal production in the coming years, which will negatively impact the import and export of coal in those countries. For instance, German government announced in January 2020 to completely cut out its coal power by 2038.
The Asia Pacific registered lucrative growth for the barge transportation market during the forecast period. It follows Europe in terms of revenue share owing to major initiatives taken by the government along with rapid growth in the regional economy. Asia Pacific has enormous water resources and their extensive network. For instance, China has total 24,000 km of waterways network that comprises of Yangtze River, Grand Canal, and many other tributaries and canals.
Report Highlights
- Europe dominated the global barge transportation market in 2019 with prominent market value share of around 40%. Increasing import and export trade activities across the region account for the prime factor driving the market growth.
- By product, dry cargo led the global barge transportation market owing to increasing demand for iron ore, coal, and grains especially in the Asia Pacific, Germany, and the U.S. The segment is projected to cross the revenue of USD 22 Billion by 2027. High production volume of dry cargo products triggers the competition for advanced transportation, making it a preferred choice for the end-users.
- In 2019, agriculture application accounted for significant revenue share and exceeded the market value of USD 4 Billion. Positive growth in the agricultural products creates huge demand for enhanced & efficient logistics services, supporting the accelerating growth of the market.
- Increasing cross border import & export of petrochemicals and chemicals attributed for the significant growth of tank barges in the year 2019. The segment contributes nearly 25% of the value share in the global barge transportation market.
Key Players & Strategies
Despite of being highly competitive the global barge transportation market is consolidated in nature. Significant investment by market players to enhance their service by implementing new technologies for the fleet management is the prime reason supporting the rise in competition in the market. In addition, the service providers in the market are duly engaged in providing distinct facilities such as warehouses, infrastructure, shipping documents, and intermodal shipment.
In addition, major market players in the Europe are investing significantly for the development of port services and terminals to offer advanced services toothier customers further accelerates the market growth.
Some of the key players operating in the market are SEACOR Holdings, American Commercial Barge Line (ACBL), Ingram Marine Group, Campbell Transportation Company, Kirby Corporation, APL Logistics, and Crowley Maritime Corporation among others.
Market Segmentation as below:
By Barge Fleet
- Covered
- Open
- Tank
By Product
- Liquid Cargo
- Dry Cargo
- Gaseous Cargo
By Application
- Agricultural Products
- Coal & Crude Petroleum
- Metal Ores
- Coke & Refined Petroleum Products
- Food Products
- Secondary Raw Materials & Wastes
- Beverages & Tobacco
- Rubber & Plastic
- Chemicals
- Nuclear Fuel
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
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TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Barge Transportation Market, By Product
7.1. Barge Transportation Market, by Product Type, 2020-2027
7.1.1. Liquid Cargo
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Dry Cargo
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Gaseous Cargo
7.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Barge Transportation Market, By Application
8.1. Barge Transportation Market, by Application, 2020-2027
8.1.1. Agricultural Products
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Coal & Crude Petroleum
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Metal Ores
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Coke & Refined Petroleum Products
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Food Products
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Secondary Raw Materials & Wastes
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.7. Beverages & Tobacco
8.1.7.1. Market Revenue and Forecast (2016-2027)
8.1.8. Rubber & Plastic
8.1.8.1. Market Revenue and Forecast (2016-2027)
8.1.9. Chemicals
8.1.9.1. Market Revenue and Forecast (2016-2027)
8.1.10. Nuclear Fuel
8.1.10.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Barge Transportation Market, By Barge Fleet
9.1. Barge Transportation Market, by Barge Fleet, 2020-2027
9.1.1. Covered
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Open
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Tank
9.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Barge Transportation Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Barge Fleet (2016-2027)
Chapter 11. Company Profiles
11.1. SEACOR Holdings
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. American Commercial Barge Line (ACBL)
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Ingram Marine Group
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Campbell Transportation Company
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Kirby Corporation
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. APL Logistics
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Crowley Maritime Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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