BARGE TRANSPORTATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Barge Transportation Market, By Type (Dry Cargo, Liquid Cargo, Gaseous Cargo), By Barge Fleet (Covered, Open, Tank), 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), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Apr 2024
Code : CMI6899
Pages :172
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market Concentration and Competitive Landscape

Barge Transportation Market Concentration By Players

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Market Drivers: Need for Bulk Transportation of Commodities

Certain industrial sectors have grown substantially on the back of urbanization and rising consumption levels. Many vital commodities that fuel economic progress must be shipped in huge volumes over long hauls. As more goods are transported by road and rail, costs increase and existing networks become congested, which were not originally designed to handle large volumes of traffic. Industries producing essential construction materials, farm outputs and energy/petroleum products rely on inexpensive shipping of major portions of their production and import/export volumes.

Barges offer the ability to carry thousands of tons of material in a single movement. Wide beams and shallow draft allows more payload per trip as compared to alternatives. Many businesses have embraced barge logistics as a cost-effective method of catering to the enormous requirement for transportation of bulk cargo.

Key Players Insights