The global barge transportation market size is anticipated to value USD 140.62 billion until 2025. It is also expected to register a CAGR of 3.4% over the forecasted years, 2018 to 2025.
Barge Transportation Market to Garner Staggering Revenues Worth $140.62 Billion By 2025
1. Barge Transportation Market to Garner
Staggering Revenues Worth $140.62 Billion By
2025
Global Barge transportation Market report delivers future development strategies, key companies, Possibility of
competition, major challenges analysis. The reports elaborate the expansion rate of the Barge transportation market
supported the highest company profile analysis. This report providing an in-depth analysis, market size, and evaluation
for the developing segment among the industry. Barge transportation Market report will help you take expert decisions,
recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give
you a vision on the Barge transportation Market forecast.
The Barge transportation Market report discusses the primary industry growth drivers and challenges that the vendors
and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about
the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-
Pacific, Europe, the Middle East, and Africa regions.
The global barge transportation market size is anticipated to value USD 140.62 billion until 2025. It is also expected to
register a CAGR of 3.4% over the forecasted years, 2018 to 2025. The increasing need for transportation of crude oil,
petrochemicals and cargo are expected to drive the market growth.
The application segment of crude & petroleum dominated the global market in 2017 on account of their rising demand
as a substitute for coal. While the segment of agricultural products is also gaining traction across the globe owing to
increasing need to haul food and agricultural produce in remote locations.
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“The global barge transportation market size is anticipated to value USD 140.62 billion
until 2025. It is also expected to register a CAGR of 3.4% over the forecasted years, 2018
to 2025. The increasing need for transportation of crude oil, petrochemicals and cargo
are expected to drive the market growth.”
2. In 2017, the segment of tank barge dominated the global market due to the rising demand for petrochemicals and crude
oil across the globe. On the other hand, the covered barge segment is also expected to witness substantial growth in the
upcoming years on account of rising usage of barges to haul agricultural produce over long distances.
North America is expected to witness the fastest growth with 4.3% CAGR during the forecasted period due to well-
developed inland waterway transport across countries like the U.S. and Canada. The Asia Pacific is also projected to hold
second-largest promising growth on account of many initiatives undertaken by statutory governing bodies for the
development of inland waterways.
The barge transportation market includes key players such as Kirby Corporation, Heartland Barge, Alter Logistics, and
Campbell Transportation Company Inc. They are engaged in developing and designing barges with enhanced capacities.
Also, many unorganized players have started entering the global market, thereby creating stiff competition among
them.
Further key findings from the report suggest:
• The segment of dry cargo is projected to witness 2.9% CAGR over the forecasted period, 2018 to 2025.
• The inland water transportation segment dominated the global market in 2017.
• In 2017, North America accounted for substantial share across the global market and is projected to witness CAGR of
4.3% from 2018 to 2025.
• The key players in this market are Kirby Corporation, Heartland Barge, Alter Logistics and Campbell Transportation
Company Inc.
Million Insights has segmented the global barge transportation market on the basis of cargo, barge fleet, application,
barge activities and region:
3. Barge Transportation Type of Cargo Outlook (Revenue, USD Billion, 2014 - 2025)
• Liquid cargo
• Gaseous cargo
• Dry cargo
Barge Transportation Barge Fleet Outlook (Revenue, USD Billion, 2014 - 2025)
• Covered barge
• Open barge
• Tank barge
Barge Transportation Application Outlook (Revenue, USD Billion, 2014 - 2025)
• Coal
• Crude and petroleum products
• Liquid chemicals
• Food pulp and other liquids
• Agricultural products
• Metal ores and fabricated metal products
• Pharmaceuticals
• Dry and gaseous chemicals
• LPG, CNG, and other gaseous products
• Electronics and digital equipment
• Others
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4. Barge Transportation Barge Activities Outlook (Revenue, USD Billion, 2014 - 2025)
• Intracoastal transportation
• Inland water transportation
Barge Transportation Regional Outlook (Revenue, USD Billion, 2014 - 2025)
• North America
• The U.S.
• Canada
• Europe
• Germany
• The U.K.
• France
• Netherlands
• Asia Pacific
• China
• Japan
• South America
• Brazil
• MEA (the Middle East and Africa)
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