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Global Barge Transportation Market to be Driven by Rising Demand for Dry Cargo Barge in the Forecast Period of 2022-2027

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The new report by Expert Market Research titled, ‘Global Barge Transportation Market Report and Forecast 2022-2027’, gives an in-depth analysis of the barge transportation market, assessing the market based on its segments like type, barge fleet, activities, applications and major regions.

The report tracks the newest trends within the industry and studies their impact on the general market. It also assesses the market dynamics, covering the key demand and price indicators, alongside analyzing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of [email protected] https://www.expertmarketresearch.com/reports/barge-transportation-market/requestsample

Barge Transportation Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2021): USD 130.9 Billion
• Forecast CAGR (2022-2027): 3.50%
• Forecast Market Size (2027): USD 160.7 Billion

Report AttributeDetails
Historical Period2017-2021
Forecast Period2022-2027
Base Year2021
Market Size in 2021130.9 Billion
Revenue Forecast in 2027160.7 Billion
Growth Rate CAGR3.50%
Major PlayersCampbell Transportation Company, Inc., Alter Logistics, American Commercial Lines LLC, Heartland Barge, Kirby Corporation and others.

Rapid industrialization, in conjunction with increasing offshore oil and gas production, acts as a major growth-inducing factor catalyzing demand for barge transportation. Furthermore, rising consumption of packaged food products due to hectic lifestyles, rising demand for medical supplies, and a thriving agriculture industry are all contributing to market growth. Aside from that, numerous countries’ governments are increasingly investing in improving inland waterway infrastructure, which is contributing to market growth. Unique services such as infrastructure, warehouses, refueling, and intermodal shipment are provided by several leading companies.

Barge Transportation Industry Definition and Major Segments

A barge transports heavy goods through rivers, canals, and lakes. It can also be used to transport bulk commodities like grains, coal, and petroleum. It is preferred over heavy freight shipping because it is more cost effective and environmentally friendly.
The barge transportation market can be segmented on the basis of type, barge fleet, applications, activities and region.

Read Full Report with Table of [email protected] https://www.expertmarketresearch.com/reports/barge-transportation-market

The market is segmented into the following, based on type:

• Liquid Cargo
• Gaseous Cargo
• Dry Cargo

Based on barge fleet, the market can be divided into:

• Covered Barge
• Open Barge
• Tank Barge

Based on applications, the industry can be segmented into:

• Crude and Petroleum Products
• Coal and Crude Petroleum Products
• Food Products, Beverages, and Tobacco
• Metal Ores and Fabricated Metal Products
• Chemicals, Rubber and Plastic, Nuclear Fuel
• Others

Based on barge activities, the market can be bifurcated into:

• Intracoastal Transportation
• Inland Water Transportation

Based on regions, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Barge Transportation Market Trends

According to type, it is anticipated that the dry cargo segment will dominate the barge transportation market. This increase in demand for barge transportation can be ascribed to the significant portion of dry cargo, which includes products and commodities like sand, food grains, and coals, among others. The crude and petroleum products sector is predicted to have a sizable market share based on application. The rising demand for petroleum products in many upstream and downstream industries can be held accountable for this. These elements are anticipated to support market expansion overall within the anticipated time frame.

The barge transportation industry is being propelled by global industrialization, which is increasing demand for inland waterway shipping. The increasing import and export activities, particularly in the petrochemical and oil and gas industries, can also be attributed to market growth. Furthermore, rising government investments in the marine transportation industry are expected to boost industry growth during the forecast period.

With rising demand for consumer goods such as packaged goods, particularly among the working population with increased purchasing power, the market for barge transportation is expected to expand. Furthermore, the increased demand for cost-effective transportation is expected to drive barge transportation market growth. Because barge transportation is a sustainable mode of transportation, it is becoming more popular as environmental consciousness grows, which is expected to boost industry growth in the coming years.

Key Market Players

The major players in the global barge transportation market report are:

  • Campbell Transportation Company, Inc.
  • Alter Logistics
  • American Commercial Lines LLC
  • Heartland Barge
  • Kirby Corporation
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of those market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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About Post Author

Mohamed ALi

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Mohamed ALi
Mohamed ALihttps://qbdataservice.com/sage-50-cloud-hosting/
QB data service is a software development company established in the United States that specialises in offering organisations all over the world with individualised technological solutions. QB data service is a company that specialises in the development of mobile and web-based applications, and it employs over 2,800 skilled software developers. In order to deliver enterprise-grade solutions, the company combines its technological expertise, specific domain experience, and a passion for excellence. Communication Happening in Real Time Our application developers adhere to your time zone so that real-time collaboration and a genuine "branch location" atmosphere may be achieved. This helps to ensure that we are always available during your operating hours. Support and scalability of the system We define strategies and a dedicated team for your software development project based on your objectives, and we work with you to achieve those objectives so that you receive the most value and the quickest return on investment possible. Expertise Pertaining to One's Industry Our software developers are divided into virtual divisions, each of which carries the domain experience and know-how necessary to provide outstanding application development solutions. Who Owns the Source Code and All Other IP After the completion of the project, there will be no need to pay any licencing costs for our totally customisable software solutions. According to the terms of our agreement, you will have full ownership of the source code as well as the intellectual property associated with your proprietary software. QB data service takes great satisfaction in possessing comprehensive industrial and technology experience, which enables the company to design, integrate, and implement genuinely exceptional custom software solutions for its customers. In order to achieve this objective, QB data service has developed a broad ecosystem of connections with the most influential figures in both industry and technology. Our ability to advance our clients' technological goals through the development of bespoke software solutions is entrusted to us by businesses ranging in size from small to mid-sized to those in the Fortune 5000. Hi, I am James Aaron, a professional Data recovery Engineer, working with Quickbooks Data Services as a consultant from the past five years in the USA. I am a specialized and trained Cloud consultant who helps a small and medium-sized entrepreneur to track & manage their company file and a database online at any time from anywhere. reset QuickBooks password | QuickBooks Error 3371 | QuickBooks Error H202 | QuickBooks outlook is not responding | QuickBooks unrecoverable error | QuickBooks Tool Hub | QuickBooks 2022 keeps crashing | QuickBooks restore failed | QuickBooks migration failed unexpectedly | QuickBooks Error 1712 | this company file needs to be updated | QuickBooks Error PS038 | QuickBooks Error OL 222 | QuickBooks missing pdf component | QuickBooks update error | QuickBooks 2020 discontinued | QuickBooks Bank transactions not updating | QuickBooks Error 1603 | QuickBooks Data migration services | QuickBooks Data Conversion services | QuickBooks Data Recovery services | QuickBooks crashes when importing accountant's changes

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