Europe Inland Waterways Vessel Market: Regional Trends, Opportunities And Industry Forecast To 2024

The commercialization matrix of Europe inland waterways vessel market has upscaled tremendously over the past few years, in sync with the increasing propagation of energy exploitation and efficiency across the continent. While inland waterway transport on European corridors has always been a viable alternative to rail and road mode, the business space has gained an appreciable popularity in recent years in consequence to the sustainability march led by the regional government

In fact, the European Commission has been striving hard to improvise the legislations, with an aim to integrate inland waterway transport more profoundly in the intermodal logistics chain. In this regard, the Netherland Presidency, in the year before last, has signed an informal agreement with the European Parliament, dealing with the revision of regulatory standards regarding the technical requirements of inland waterway vessels operating in the region.

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Rising preference of industry players for adoption of LNG as a fuel has resulted in considerable growth of Europe inland waterways vessel industry share. LNG is being highly utilized due to ratification of stringent government regulations across the region regarding harmful emissions. Also, adoption of LNG conserves non-renewable sources, which can be utilized for other productive reasons.

Recreational boaters use pleasure vessels to explore long distances of various canals and rivers. Travel & tourism in Europe has witnessed spiraling growth, which has also augmented demand for leisure boating. Expanding tourism landscape has encouraged European ship manufacturers to develop and modernize their fleets for customer satisfaction and efficient transportation, which may propel Europe inland waterways vessel market growth.

In 2016, passenger ships accounted for around $9 billion in overall revenue share. The growth can be credited to amplifying marine passenger traffic. For example, in 2014, the U.K. observed more than 1.6 million cruise passenger traffic, which soared up to 1.7 million in 2015, at a growth rate of about 9%. Europe houses several tourist places, which has significantly driven marine tourism, thereby fueling industry demand.

Escalating freight transportation through waterways and growing marine passenger traffic will push the growth of Europe inland waterways vessel market. Europe has witnessed a considerable surge in trade activities via inland waterways, especially in Western Europe. Inland waterways vessels are highly being adopted due to their benefits, such as cost-effectiveness, congestion-free transportation, and reliability. In Europe, the Netherlands and France are popular tourist destinations, which will significantly contribute to marine tourism and, in turn, propel industry growth.

Among the notable European inland waterways vessel companies, a few prominent ones include Rhenus Group, Viking Line, Mediterranean Shipping Company S A, Meyer Werft GmbH & Co., Construction Navale Bordeaux, KG, European Cruise Service, and Bayliner. European inland waterways vessel manufacturers are focusing on fleet upgradation with respect to key parameters such as capacity, efficiency, ecological impact, and others. In addition, a rising trend, which has been noticed among these industry participants is the progressive transition towards LNG fuel from heavy fuel oil (HFO).

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Data Tables

TABLE 1 Europe inland waterways vessel market 360º synopsis, 2013 - 2024

TABLE 2 Europe inland waterways vessel industry, 2013 - 2016, (USD Million)

TABLE 3 Europe inland waterways vessel market, 2017 - 2024, (USD Million)

TABLE 4 Europe inland waterways vessel industry estimates by vessel, 2013 - 2016 (USD Million)

TABLE 5 Europe inland waterways vessel industry estimates by vessel, 2017 - 2024 (USD Million)

TABLE 6 Europe inland waterways vessel market estimates by fuel, 2013 - 2016 (USD Million)

TABLE 7 Europe inland waterways vessel industry estimates by fuel, 2017 - 2024 (USD Million)

TABLE 8 Europe inland waterways vessel industry estimates by country, 2013 - 2016 (USD Million)

TABLE 9 Europe inland waterways vessel market estimates by country, 2017 - 2024 (USD Million)

TABLE 10 Vendor matrix

TABLE 11 Industry impact forces

TABLE 12 Competitive landscape

TABLE 13 Strategy dashboard

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