The inland water transport market consists of sales of inland water transportation services and related goods by entities (organizations, sole traders and partnerships) that provide inland water transportation of passengers and cargo on lakes, rivers, or intracoastal waterways. Inland waterways are stretches of water, not part of the sea, over which crafts of a carrying capacity not less than 50 tonnes can navigate when normally loaded. The inland water transport market is segmented into inland water freight transportation and inland water passenger transportation.
The global inland water transport market is expected to grow from $18.62 billion in 2020 to $19.42 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $23.2 billion in 2025 at a CAGR of 5%.