250 Pages Barge Transportation Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
Latest industry analysis by Fact MR, predicts sales of Barge Transportation to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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The report offers actionable and valuable market insights of Barge Transportation. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Barge Transportation Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Barge Transportation market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Barge Transportation
Market Snapshot
Fact.MR has recently published a report on the market for barge transportation. According to the study, the market is expected to reach US$ 123.29 Bn by 2021, up from US$ 119.92 Bn in 2020, representing a Y-o-Y increase of 3.4%. The outlook seems even more optimistic, with the industry expected to reach US$ 191.45 Bn by the end of the 2021-2031 assessment period. The projected compound annual growth rate for the aforementioned period is 4.5%.
| Market Size Value in 2021 | US$ 123.29 Bn |
| Projected Market Forecast Value by 2031 | US$ 191.45 Bn |
| Global Growth Rate (2021 to 2031) | 4.5% CAGR |
| Growth Rate of the U.S (2021-2031) | 5% CAGR |
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Key Segments Covered
-
Barge Type
- Dry Bulk Cargo Barge
- Liquid Cargo Barge
- Car-Float Barge
- Power Barge
- Construction Barge
-
Vessel Type
- Open Barge
- Covered Barge
- Tank Barge
-
Voyage
- Inland
- Offshore
- Ocean
-
Propulsion
- Towed Barge
- Self-Propelled Barge
Competitive Landscape
Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. Trade will become more efficient and seamless by using new ports and technologies. The result of a strategic collaboration can help the company to increase its production capacity.
- In August 2021, SEACOR Holdings Inc. announced the completion of its acquisition of U.S Shipping Corp- a privately owned, leading provider of long-haul marine transportation for chemical and petroleum cargo, rendering it as one of the largest Jones Act tanker operators, with a fleet of 15 coastwise vessels ranging from 150,000-300,000 barrels of capacity
- On September 28th, 2021, Taiwan-based Franbo Lines announced that it would be acquiring three bulk carriers as part of its fleet expansion. In addition, it will also purchase you two newly-built bulk carriers: one 40,000 ton bulk carrier acquired from a Japanese firm and one 20,360 ton bulk carrier acquired from a Panamanian company.
Key Takeaways from the Market Study
- Dry bulk cargo barge transportation to capture 55% of total market revenue through 2031
- Increasing petrochemicals shipping to widen tank barge growth prospects, capturing 30% of global revenue
- By voyage, inland transportation to account for major barge transportation adoption, growing at 6% CAGR
- U.S to emerge as the fastest expanding market, clocking a CAGR worth 5.3% through 2031
- India to experience major uptake amid high focus on building inland waterways, flourishing at 5% CAGR
“Higher freight rates and the desire to reduce traffic on land will increase demand for barge transportation over the coming years,“ says a Fact.MR analyst.
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Report Benefits & Key Questions Answered
- Barge Transportation Company & brand share analysis: The report offers in-depth Barge Transportation brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
- Barge Transportation Historical volume analysis: The report offers a comparative analysis between historic sales of Barge Transportation and projected sales performance for 2021-2031
- Barge Transportation Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
- Barge Transportation Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
- Post COVID consumer spending on Barge Transportation: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power
More Valuable Insights on Barge Transportation Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Barge Transportation, Sales and Demand of Barge Transportation, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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