Global Inland Water Freight Transport Market Size 2024, Forecast To 2033
11 Mar, 2024
The inland water freight transport market has experienced strong growth, advancing from $18.66 billion in 2023 to $19.92 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 6.7% in the historic period. This growth is attributed to factors such as the increasing global population, economic growth in emerging markets, the demand for cost-effective cargo transportation, and a rise in investments. Projecting forward to 2028, the market is poised for strong growth, reaching $25.51 billion at a CAGR of 6.4%. The forecasted growth is driven by faster economic growth, a growing demand for e-commerce, infrastructure advances, and increased investments. Key trends in the forecast period include investments in information technology platforms for improved vessel management, the adoption of lean and green inland transportation, partnerships and funding, freight and fleet tracking and management systems, terminal and port information and communication systems, and investments in freight tracking systems.
Global Inland Water Freight Transport Market Key Driver
The inland water freight transport market is set to grow due to the rising demand for bulk transportation of goods. Bulk transportation involves moving large quantities of goods or materials, and inland water freight transport is a suitable option for handling substantial volumes. In 2021, the Bureau of Transportation Statistics (BTS) reported that the US transportation system moved a daily average of about 53.6 million tons of freight valued at over $54 billion. This substantial movement of goods highlights the significance of inland water freight transport in bulk transportation. As a result, the growing demand for the bulk transportation of goods is anticipated to fuel the growth of the inland water freight transport market throughout 2023, 2024, and 2028.
Get A Free Sample Of The Global Inland Water Freight Transport Market ReportGlobal Inland Water Freight Transport Market Segments
The inland water freight transport market covered in this report is segmented –
1) By Type: Liquid Bulk Transportation, Dry Bulk Transportation
2) By Fuel Type: Heavy Fuel Oil, Diesel, Biofuel, Other Fuels
3) By Vessel Type : Cargo Ships, Container Ships, Tankers, Other Vessel Types
By Geography:The regions covered in the inland water freight transport market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
Western Europe was the largest region in the inland water freight transport market in 2023. Asia-Pacific was the second largest region in the global inland water freight transport market share. The regions covered in the inland water freight transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Inland Water Freight Transport Industry Players
Ingram Barge, Kirby Inland Marine, CMA CGM Group, American Commercial Barge Line, Rhenus Group, Mckeil Marine Limited, Higman Barge Lines, Inc., American River Transportation, SCF Marine Inc., AP Moller - Maersk A/S, Air Sea Transport Inc, Cleverpod, Oceanwide Corportaion Ltd, Xenius, Ve Commercial Vehicles Limited, Toshiba, Aquamatix, Siemens, Elentec, Forwarding Germany Gmbh, Blue Water Shipping Germany Gmbh, Zim Germany Gmbh & Co Kg, Limited Liability Company Fesco Integrated Transport, Lukoil-Marinbunker, Rn-Bunker, Rosmorport, Fgup, Agrotek-Tm, Element Oil Treiding, Uralkhim-Trans, Paige Logistics Ltd, Sealion Cargo, The Ace Group Inc, Latin American Cargo – Lac, Consolidated Grain & Barge Company, Florida Progress Corporation, Acbl Holding Corporation, Ergon, Inc, American Commercial Lines, Inc., Yusen Logistics, Nippon Express, Fox Brasil, Panalpina, Maxitrans, Imexlog Logistica Aduaneira, Combined Transport Operator, Abbey Sea S.A, Acsa S.R.L., Administracion General De Puerto De Buenos Aires, Argentina Cargo S.R.L, Trident Freight, United Arab Shipping Company (Uasc), Freight Systems, Gulftainer Company Limited, Maersk, Gulf Marine Services (Gms), National Shipping Company Of Saudi Arabia (Nscsa), Safmarine Container Lines, Maritime Company For Navigation, Bollore Transport And Logistics South Africa (Pty) Ltd, Leeuwfontein Lodge (Pty) Ltd, Hoegh Autoliners (Pty) Ltd, Sturrock Grindrod Maritime (Pty) Ltd
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Inland Water Freight Transport Market Overview
Inland water freight transportation refers to a mode of transportation over stretches of water, not part of the sea, over which crafts with a carrying capacity of at least 50 tonnes can navigate when normally loaded to provide inland water transportation of passengers and cargo on lakes, rivers, or intracoastal waterways.
Inland Water Freight Transport Global Market Report 2023 provides data on the global inland water freight transport market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The inland water freight transport market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.