はしけ輸送市場 - 分析、シェア、動向、規模、予測：2020年～2026年
Barge Transportation Market, By Type of Cargo, By Barge Fleet, By Barge Activities, and By Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026
|はしけ輸送市場 - 分析、シェア、動向、規模、予測：2020年～2026年|
発行: AnalystView Market Insights
ページ情報: 英文 180 Pages
Barge transportation market was valued at USD 116.9 billion by 2019, growing with 3.5% CAGR during the forecast period, 2020-2026
A barge is a flat-bottomed vessel that is used for carrying a huge quantity of heavy goods through waterways. Barges are toed or tugged in the water bodies by the naval vessels. Moreover, barges are largely utilized in water bodies such as lakes, canals, and rivers. But today, barge transportation is widely used at seaports. The large industries have adopted barge to transport their cargo and hence, it is considered as a popular means for transportation. Normally, the barge can carry up to 1,500 t0 2000 weight during transportation.
The increasing demand for petrochemical products across developing and developed economies, including the U.S., Germany, and China is one of the significant factors driving the growth of the global barge transportation market. According to the U.S. Department of Transportation, from all the products carried on the nation's waterways about 82.4% are petroleum and petroleum products, which are transported by the barge industry, towboat, and tugboat. Moreover, barge provides several benefits such as safety, efficiency, and affordable costs, which is expected to impel the market growth during the forecast period. Also, rising import and export trades coupled with improving financial conditions in most parts of the world is predominantly playing a crucial role in boosting the growth of the barge transportation market.
Additionally, the governments of both developed and developing countries are increasing investments and taking initiatives for the improved development of inland water infrastructure, which is expected to create lucrative opportunities in the worldwide industry. However, high costs associated with the maintenance and construction of the barge fleet are predicted to restrict the industry growth in the coming future.
Cargo Type Takeaway
Based on the type of cargo, the global industry is categorized into gaseous, liquid, and dry cargo. Of these cargo types, the dry cargo type segment is estimated to subjugate the market during the forecast period owing to increasing volumes of agricultural products and coal being transported in barges. Nevertheless, the decreasing demand for coal is poised to hamper the segmental market growth by 2026. On the other hand, the liquid cargo type segment is projected to register a significant CAGR in the projected timeframe owing to the rising production of shale oil in the North America and increasing demand for petrochemicals all across the globe.
Barge Fleet Takeaway
On the basis of the barge fleet, the barge transportation market is categorized into the tank, open, and covered barge. Of these, the tank segment held the largest market share in 2019 and is expected to grow impressively during the forecast period. This growth is majorly owing to the burgeoning demand for petrochemicals and crude oil.
In addition, the governments of various countries are encouraged to use barges for transporting liquids in order to avoid events such as spillage of hazardous chemicals on the roads. On the other hand, the covered barge segment is anticipated to experience momentous growth due to the increasing adoption of covered types for transportation of crops in bulk quantities. An efficient and active mode of transport is necessary to haul the agricultural produce as agricultural production has been on a rise especially in the emerging economies.
Based on application, the barge transportation industry is bifurcated into crude & petroleum products, coal, liquid chemicals, agricultural products, food pulp & other liquids, metal ores & fabricated metal products, dry & gaseous chemicals, pharmaceuticals, electronics & digital equipment, LPG, CNG, & other gaseous products, and others. Among which, the crude & petroleum segment is anticipated to be at the forefront of the barge transportation industry. This is mainly due to the growing production of ethanol and the increasing demand for crude oil.
The coal consumption has decreased in recent times due to stringent regulations adopted by several governments to prevent environmental damages and curb air pollution caused by burning coal. Thus, the coal segment is estimated to grow at a very steady pace during the forecast period. In addition, the rise in the adoption of low-cost fuels and cleaner such as natural gas will impede the segmental market growth in the coming future.
Barge Activities Takeaway
On the basis of barge activities, the global industry is bifurcated into inland water transportation and Intracoastal transportation. Of these, the inland transportation segment accounted for the largest market share in 2019 and is estimated to continue its dominance in the forecast period. This is mainly because inland waterways have several benefits than other modes of transportation such as better safety records, lower costs, and fewer traffic delays. On the other hand, the Intracoastal transportation segment is anticipated to rise at a higher growth rate by 2026 owing to rising domestic and international trade.
Depending on the region, the barge transportation industry is divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The North America region is expected to witness the highest growth rate during the forecast period due to a well-established infrastructure of inland waterways in this region. In addition, the increase in the production of shale oil in the North America region is also creating lucrative opportunities for barge transportation.
Along with North America, Europe is anticipated to lead the market in terms of revenue share during the period of forecast owing to factors such as well-established inland waterways network and improving economic condition in the region. Additionally, the government of Dutch has undertaken numerous initiatives for developing barge transportation in the country, which will propel the regional market growth by the end of 2026.
Key Vendor Takeaway
The major players of the global barge transportation market include Alter Logistics; Campbell Transportation Company, Inc.; American Commercial Lines LLC; Bouchard Transportation; PACC Offshore Services Holdings Ltd. (POSH); McAllister Towing and Transportation Co., Inc.; ATS International Services, Inc.; SEACOR Marine Holdings Inc.; Kirby Corporation; and Heartland Barge. These players are focusing on R&D activities, acquisitions, and geographical expansion to maintain a strong position in the global industry.
For instance, in April 2020, a Texas-based barge operator, Kirby Corporation acquired Savage Inland Marine's inland barge fleet. The company's aim behind this acquisition is to use the towboats and tank barges of Savage Inland for the transportation of petroleum products.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 to 2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
BARGE TRANSPORTATION MARKET KEY PLAYERS
Campbell Transportation Company, Inc.
American Commercial Lines LLC.
PACC Offshore Services Holdings Ltd. (POSH)
McAllister Towing and Transportation Co., Inc.
ATS International Services, Inc.
SEACOR Marine Holdings Inc.
BARGE TRANSPORTATION MARKET, BY TYPE OF CARGO
BARGE TRANSPORTATION MARKET, BY BARGE FLEET
BARGE TRANSPORTATION MARKET, BY APPLICATION
Crude and Petroleum Products
Food Pulp and Other Liquids
Metal Ores and Fabricated Metal Products
Dry and Gaseous Chemicals
Electronics and Digital Equipment
LPG, CNG, and Other Gaseous Products
BARGE TRANSPORTATION MARKET, BY BARGE ACTIVITIES
Inland Water Transportation
BARGE TRANSPORTATION MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA