Barge Transportation Market Insights with Revenue Statistics and Growth Prediction 2022 to 2026

Barge transportation market size from gaseous cargo product is poised to exhibit immense growth owing to the increasing global trade of non-renewable and gaseous products like LNG (Liquefied Natural Gas), CNG, gaseous chemicals, and LPG (Liquefied Petroleum Gas) among others.

Large-scale industrialization and increasing manufacturing activities, majorly in Asia Pacific countries, is fueling secondary raw materials and the waste sector growth. Over the past few years, barge transportation has become one of the most efficient way of transporting bulk raw materials & wastes on account of bulk carrying capabilities and cost-effectiveness.

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Rise in port infrastructure development activities across the globe is likely to favor the expansion of barge transportation market.  Several countries are making huge investments in developing economical modes of transportation and port modernization to cater to the rising trade activities, which in turn is facilitating barge adoption and deployment.

Barges are extensively used across various countries to transport bulk goods between several business verticals, which is increasing their deployment across various industries. Additionally, the market is also witnessing a significant product demand owing to the mounting government as well as private sector investments towards the exploration of new offshore drilling projects.

Open barges fleet segment currently observes massive deployment for transportation of non-perishable commodities like coal and iron ore. Deck barges are open rectangular barges with flat surface decks. While these barges do not have walls, and thus cannot be used for moving goods that need containerization, they are witnessing a substantial amount of demand for applications that involves the transportation of heavy equipment loads.

The MEA barge transportation market is anticipated to grow substantially as the key ports in the region manage heavy cargo volumes on a daily basis. The region already possesses a large fleet of barges, especially in some of the region’s most prominent countries, including Qatar, Kuwait, and Saudi Arabia, which further supports growth of  the regional market.

Furthermore, as per MAWANI (Saudi Ports Authority), Saudi ports have handled an overall cargo tonnage of more than 21 million tons in April 2019. This number is about 3% more than the amount of cargo it handled in April 2018.

In addition to this, the number of containers used across Saudi ports reached around 622,000, with a jump of nearly 22% from the same period in 2018. The rising stats seem to indicate major opportunities for regional barge transportation industry growth, particularly after the global coronavirus pandemic in 2020 subsides.

The competitive landscape of the barge transportation market is inclusive of players such as Crowley Maritime Corporation, Campbell Transportation Company, APL Logistics, SEACOR Holdings, Ingram Marine Group, Kirby Corporation, and American Commercial Barge Line (ACBL) among others.

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Partial Chapter of the Table of Content

Chapter 5.   Barge Transportation Market, By Product

5.1.  Key trends by product

5.2.  Dry cargo

5.2.1. Market estimates and forecast, 2015 – 2026

5.3.  Liquid cargo

5.3.1. Market estimates and forecast, 2015 – 2026

5.4.  Gaseous cargo

5.4.1. Market estimates and forecast, 2015 – 2026

Chapter 6.   Barge Transportation Market, By Barge Fleet

6.1.  Key trends by barge fleet

6.2.  Opened

6.2.1. Market estimates and forecast, 2015 – 2026

6.3.  Covered

6.3.1. Market estimates and forecast, 2015 – 2026

6.4.  Tank barge

6.4.1. Market estimates and forecast, 2015 – 2026

Chapter 7.   Barge Transportation Market, By Application

7.1.  Key trends by application

7.2.  Coal and crude petroleum

7.2.1. Market estimates and forecast, 2015 – 2026

7.3.  Agricultural products

7.3.1. Market estimates and forecast, 2015 – 2026

7.4.  Coke and refined petroleum products

7.4.1. Market estimates and forecast, 2015 – 2026

7.5.  Metal ores

7.5.1. Market estimates and forecast, 2015 – 2026

7.6.  Secondary raw materials and wastes

7.6.1. Market estimates and forecast, 2015 – 2026

7.7.  Food products, beverages, and tobacco

7.7.1. Barge transportation market estimates and forecast, 2015 – 2026

7.8.  Basic metals, fabricated metal products

7.8.1. Market estimates and forecast, 2015 – 2026

7.9.  Chemicals, rubber and plastic, nuclear fuel

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