The Business Research Company’s report on the Inland Water Freight Transport Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the inland water freight transport market’s growth in recent years?
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, in July 2023, according to the Welcome to GOV.UK, a UK-based public sector information website, in 2022, UK ports managed a total of 458.9 million tonnes of cargo, reflecting a 3% increase compared to 2021. Thus, the growing demand for bulk transportation of goods is driving the growth of the inland water freight transport market.
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How does the future projection of the inland water freight transport market size compare to its historical growth?
The inland water freight transport market size has grown strongly in recent years. It will grow from $20.08 billion in 2024 to $21.47 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. 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 $27.26 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. 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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Which key players are shaping the future of the inland water freight transport market?
Major companies operating in the inland water freight transport market include 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., Limited Liability Company Fesco Integrated Transport, 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., 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
What trends will propel the growth and evolution of the inland water freight transport market?
Major companies operating in the inland water freight transport market have initiated freight activities to enhance operational efficiency, reduce transportation costs, and improve service reliability while meeting the growing demand for sustainable logistics solutions. The initiatives also focus on promoting tourism through improved access to water routes. By enhancing the infrastructure for passenger vessels and recreational boating, the authority aims to attract tourists and boost local economies. For instance, in December 2023, The Andhra Pradesh Inland Waterways Authority, an India-based authority, launched cargo transport initiatives aimed at enhancing cargo and tourism through the development of inland waterways. The authority has initiated freight activities, including operational Roll-on/Roll-off (Ro-Ro) services on National Waterway-4 (NW-4), specifically between Ibrahimpatnam and Lingayapalem on the Krishna River. This service primarily facilitates the transport of stone chips for construction, showcasing the potential for efficient cargo movement via inland waterways.
Which regions are expected to become dominant players in the inland water freight transport market?
Western Europe was the largest region in the inland water freight transport market in 2024. 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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What are the emerging key segments in the inland water freight transport market, and how are they evolving?
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
Subsegments:
1) By Liquid Bulk Transportation: Transportation Of Chemicals, Transportation Of Petroleum Products, Transportation Of Food-Grade Liquids
2) By Dry Bulk Transportation: Transportation Of Agricultural Products, Transportation Of Minerals, Transportation Of Construction Materials
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How is the inland water freight transport market defined?
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 tons can navigate when normally loaded to provide inland water transportation of passengers and cargo on lakes, rivers, or intracoastal waterways.
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