Overview and Scope
Inland water freight transportation refers to a mode of transportation over stretches of water, not part of the sea, over which crafts with a carrying capacity of at least 50 tonnes can navigate when normally loaded to provide inland water transportation of passengers and cargo on lakes, rivers, or intracoastal waterways.
Sizing and Forecast
The inland water freight transport market size has grown strongly in recent years. It will grow from $18.66 billion in 2023 to $19.92 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to rising population, economic growth in emerging markets, the need for economical transportation for cargo, increase in investments.
The inland water freight transport market size is expected to see strong growth in the next few years. It will grow to $25.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to faster economic growth, growing demand for e-commerce, infrastructure advances and increasing investments. Major trends in the forecast period include investing in information technology platforms for better vessel management, adopting lean and green inland transportation, adopting partnerships and funding, using freight and fleet tracking and management systems, adopting terminal and port information and communication systems and investing in freight tracking systems.
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Segmentation & Regional Insights
The inland water freight transport market covered in this report is segmented –
1) By Type: Liquid Bulk Transportation, Dry Bulk Transportation
2) By Fuel Type: Heavy Fuel Oil, Diesel, Biofuel, Other Fuels
3) By Vessel Type : Cargo Ships, Container Ships, Tankers, Other Vessel Types
Western Europe was the largest region in the inland water freight transport market in 2023. Asia-Pacific was the second largest region in the global inland water freight transport market share. The regions covered in the inland water freight transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growing demand for bulk transportation of goods is expected to propel the growth of the inland water freight transport market. Bulk transportation refers to the transportation of large quantities of goods or materials. Inland water freight transport can handle large volumes of goods, making it an ideal option for bulk transport. For instance, according to the Bureau of Transportation Statistics (BTS), a US-based transportation system moved a daily average of about 53.6 million tons of freight valued at more than $54 billion in 2021. Thus, the growing demand for bulk transportation of goods is driving the growth of the inland water freight transport market.
Key Industry Players
Major companies operating in the inland water freight transport market report are Ingram Barge, Kirby Inland Marine, CMA CGM Group, American Commercial Barge Line, Rhenus Group, Mckeil Marine Limited, Higman Barge Lines, Inc., American River Transportation, SCF Marine Inc., AP Moller – Maersk A/S, Air Sea Transport Inc, Cleverpod, Oceanwide Corportaion Ltd, Xenius, Ve Commercial Vehicles Limited, Toshiba, Aquamatix, Siemens, Elentec, Forwarding Germany Gmbh, Blue Water Shipping Germany Gmbh, Zim Germany Gmbh & Co Kg, Limited Liability Company Fesco Integrated Transport, Lukoil-Marinbunker, Rn-Bunker, Rosmorport, Fgup, Agrotek-Tm, Element Oil Treiding, Uralkhim-Trans, Paige Logistics Ltd, Sealion Cargo, The Ace Group Inc, Latin American Cargo – Lac, Consolidated Grain & Barge Company, Florida Progress Corporation, Acbl Holding Corporation, Ergon, Inc, American Commercial Lines, Inc., Yusen Logistics, Nippon Express, Fox Brasil, Panalpina, Maxitrans, Imexlog Logistica Aduaneira, Combined Transport Operator, Abbey Sea S.A, Acsa S.R.L., Administracion General De Puerto De Buenos Aires, Argentina Cargo S.R.L, Trident Freight, United Arab Shipping Company (Uasc), Freight Systems, Gulftainer Company Limited, Maersk, Gulf Marine Services (Gms), National Shipping Company Of Saudi Arabia (Nscsa), Safmarine Container Lines, Maritime Company For Navigation, Bollore Transport And Logistics South Africa (Pty) Ltd, Leeuwfontein Lodge (Pty) Ltd, Hoegh Autoliners (Pty) Ltd, Sturrock Grindrod Maritime (Pty) Ltd
The inland water freight transport market report table of contents includes:
1. Executive Summary
2. Inland Water Freight Transport Market Characteristics
3. Inland Water Freight Transport Market Trends And Strategies
4. Inland Water Freight Transport Market – Macro Economic Scenario
5. Global Inland Water Freight Transport Market Size and Growth
……………..
32. Global Inland Water Freight Transport Market Competitive Benchmarking
33. Global Inland Water Freight Transport Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Inland Water Freight Transport Market
35. Inland Water Freight Transport Market Future Outlook and Potential Analysis
36. Appendix
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