A barge is a flat-bottomed base used for carrying a huge capacity of heavy goods through waterways. A single barge can carry goods with the capacity of above 1,500 tons at once which is far more than that of railcars or trucks.
Huge capacity of the barges is expected to drive the growth of the market during the forecast period. In addition, one of the major drivers for this market is Growth in world seaborne trade, especially for ethanol transportation.
The global ethanol production is witnessing an upward growth after a slight decline in the past. The US and Brazil are the major ethanol producers. Both the countries held 84%-86% of the global ethanol production. Rising demand for petrochemical shipments across the globe and increasing crude oil demand especially from developed countries which include the US and Japan will further escalate the growth of barge transportation market share over the next few years. North American barge transportation market is anticipated to grow at the highest CAGR of over 5% resulted from high demand for petrochemical shipments from the region. Asia Pacific barge transportation market is expected to maintain its position over the forecast period on account of rapid industrialization and increasing population.
The global Barge Transportation market will reach 316500 million US$ by the end of 2025, growing at a CAGR of 8.9% during 2018-2025.
Global Barge Transportation Market Professional Survey Report 2019 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2019 through 2025. Also, a five-year historic analysis is provided for these markets in this 104 pages report.
This market report provides in-depth analytics of the Barge Transportation industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.
Barge Transportation market report includes an in-depth analysis of the competitive landscape of this business vertical, constituting companies like:
Ingram Marine Group
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
By Industrial Application, the market can be split into:
Coal & Crude Petroleum
Coke & Refined Petroleum Products
Secondary Raw Materials & Wastes
Beverages & Tobacco
Basic Metals & Fabricated Metal Products
Rubber & Plastic
Market Segment by Regions includes:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America
- Middle East and Africa.
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