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Barge Transportation Market Trends

  • Report ID: GMI1945
  • Published Date: Oct 2023
  • Report Format: PDF

Barge Transportation Market Trends

Partnerships aimed at deploying zero-emission barges are substantially driving the barge transportation industry growth. For instance, in June 2023, Cargill collaborated with KOTUG International to utilize KOTUG’s innovative zero-emission e-barges and e-pushers, which are the world’s first fully electric pusher boats & barges. As per the collaboration, they will be utilized for transporting cocoa beans from the Port of Amsterdam, the globe's largest cocoa import port, to Cargill’s cocoa facility in Zaandam, Netherlands. Collaborations between companies and technology providers, such as developing fully electric or hydrogen-powered barges, are lowering the industry's environmental impact. As sustainability becomes a priority, businesses will increasingly invest in these eco-friendly solutions.

 

The cost efficiency of barges is a significant force driving the barge transportation market size. Barges offer a cost-effective alternative for transporting large volumes of goods, especially bulk cargo, over long distances. Their ability to carry substantial loads while consuming relatively less fuel compared to other modes of transportation makes them attractive for businesses seeking economical solutions. This cost advantage encourages industries to increasingly rely on barges, propelling barge transportation as a preferred & financially viable choice for cargo transport.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of barge transportation reached USD 40.3 billion in 2022 and is projected to witness over 3% CAGR from 2023 to 2032, attributed to the substantial allocation of government funds for inland waterway transportation across major countries worldwide.

The covered barges segment held major share of the barge transportation industry in 2022, due to their ability to provide essential cargo protection.

Asia Pacific market generated USD 26.9 billion in revenue in 2022, owing to the robust economic growth and expanding trade activities within the region.

Some of the top industry players are Kirby Corporation, American Commercial Barge Line, Blessey Marine Services, Inc., SEACOR HOLDINGS INC., Marquette Transportation Company LLC., POSH, and Campbell Transportation Company Inc.

Barge Transportation Market Scope

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  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 276
  • Countries covered: 20
  • Pages: 300
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