September 23, 2021
Barge Transportation

Barge Transportation Market May Hit US$ 56.68 Billion by 2027

The global barge transportation market value is expected to reach US$ 56.68 Billion by the end of 2027, decelerating at a CAGR of 3.8% from 2020 to 2027. The report contains 150+ pages with detailed analysis. The study provides the overall revenue of the global barge transportation market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global barge transportation market research report gives a brief summary of definitions, size analysis and place of production, sales, applications, types, and major players/key vendors of the barge transportation industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Barge is a flat surfaced vessel used for cargo transportation through waterways. Barges are toed or tugged by naval vessels in the water bodies. Further, they are generally utilized in water bodies such as canals, rivers, and lakes; apart from this barge transportation is now largely used at sea ports. Barge is a popular mode of transportation embraced by major industries for transporting their cargo.

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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.

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.

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.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global barge transportation market are as follows:

  • SEACOR Holdings
  • American Commercial Barge Line (ACBL)
  • Ingram Marine Group
  • Campbell Transportation Company
  • Kirby Corporation
  • APL Logistics
  • Crowley Maritime Corporation

Market Segmentation

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

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report includes:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global barge transportation market. It examines trends and factors influencing demand for barge transportation globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for barge transportation across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on barge transportation. The report offers estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global barge transportation market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for barge transportation are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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