Inland Water Transport Market Technological Challenges, Market Update, Volume Analysis, Growth Prospects And Forecast 2023-2032|Nippon Yusen, Deutsche Post AG, Seacor Holdings Inc., American Commercial Lines LLC, Ingram Industries

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The Inland Water Transport Global Market Report 2023 by The Business Research Company, provides inland water transport market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/inland-water-transport-global-market-report

According to The Business Research Company’s Inland Water Transport Global Market Report 2023, the market size is expected to grow from $18.64 billion in 2022 to $19.56 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The inland water transport market is expected to grow to $22.81 billion in 2027 at a CAGR of 3.9%.

Recently, companies are encouraging lean and green inland transportation. For improved efficiency, companies are focusing on natural gas in shipping, improved vessel designs, efficient loading and unloading of cargo, and many more. The companies are also retrofitting old equipment in ships with emission reduction devices, hull cleaning and coating, and high-performance propellers and nozzles. Certain advanced propulsion systems, such as fuel cell hybrid drive technologies, will be available soon in the market. With these efforts, the inland transport market is seeing steady growth in the upcoming years.

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The inland water transport market is segmented:

1) By Type: Inland Water Freight Transport, Inland Water Passenger Transport

The inland water transport market report table of contents includes: