What Has Been The Historical And Current Growth Of The Inland Water Transport Market?
The inland water transport market has seen considerable growth due to a variety of factors.
• In recent times, the market size of inland water transport has witnessed significant growth. It is set to expand from $22.11 billion in 2024 to $23.67 billion in 2025, representing a compound annual growth rate (CAGR) of 7.1%.
Factors such as agricultural transport, the transportation of bulk cargo, infrastructure development, environmental advantages, as well as trade, commerce, and industrialization have all contributed to its growth in the historic period.
What Is the Forecasted Market Size and Growth Rate for The Inland Water Transport Market?
The inland water transport market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of inland water transport is anticipated to experience robust growth in the forthcoming years, increasing to $30.23 billion by 2029 with a CAGR of 6.3%.
The predicted growth in the forecast period can be accredited to sustainable measures, the development of inland ports and tourism, river rejuvenation projects, financial progress in areas adjacent to rivers, and managing water resources. Major emerging trends during this forecast period incorporate fleets with green technologies, intelligent ports and terminals, information systems for inland waterways, forward-looking maintenance systems, and intermodal linkage with railways and roads.
What Main Forces Are Fueling Expansion In The Inland Water Transport Market?
Of late, corporations are promoting sustainable and efficient inland transportation. They are honing in on the use of natural gas in shipping, enhancing vessel blueprints, streamlining cargo loading and unloading, among others, to boost efficiency. These corporations are also refurbishing outdated ship equipment with devices that reduce emissions, carry out hull cleaning and coating, and fit high-quality propellers and nozzles. Upcoming market offerings include innovative propulsion systems like fuel cell hybrid drive technologies. These measures are contributing to constant expansion of the inland transport market in the foreseeable future.
What Are The Main Segments Of The Global Inland Water Transport Market?
The inland water transport market covered in this report is segmented –
1) By Type: Inland Water Freight Transport, Inland Water Passenger Transport
Subsegments:
1) By Inland Water Freight Transport: Bulk Cargo Transport, Container Transport, Liquid Cargo Transport, General Cargo Transport
2) By Inland Water Passenger Transport: Canal Passenger Transportation, Intercostal Transportation Of Passengers, Lake Passenger Transportation, Water Shuttle Services, River Passenger Transportation, Ship Chartering with Crew, Water Taxi Services
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What Emerging Trends Are Influencing The Growth Of The Inland Water Transport Market?
Ingram Barge Company LLC, an American entity known for transporting commodities on inland waterways, procured Inland River Transport Holdings LLC, also known as SCF, in February 2024 for an unspecified sum. The primary goal of this acquisition by the Ingram Barge Company is to augment their service provisions and increase their operational capacity for their comprehensive river transportation facilities. Inland River Transport Holdings LLC (SCF) is a company based in the US, which specializes in inland river transport and logistics operations.
Who Are the Key Players in the Inland Water Transport Market?
Major companies operating in the inland water transport market include:
• Ingram Barge Company
• Kirby Corporation
• Canal Barge Company Inc.
• Marquette Transportation Company LLC
• American Commercial Barge Line LLC
• SEACOR Holdings Inc.
• Tidewater Transportation and Terminals
• Bouchard Transportation Co. Inc.
• Campbell Transportation Company Inc.
• Florida Marine Transporters LLC
• ACL Transportation Services
• Danser Group
• Groupe Charles André
• Cargill Transportation
• Imperial Logistics
• Fospar S/A
• Naviera Fluvial Paraguaya S.A.
• HMM Co. Ltd
• MOL Logistics Co. Ltd
• Louis Dreyfus Company
• Hamburg Süd Group
• ArcelorMittal Shipping
• Nippon Yusen Kabushiki Kaisha (NYK Line)
• Northern Shipping Company
• Rhenus Logistics
• Balearia Eurolineas Maritimas S.A.
• CMA CGM Group
• Damen Shipyards Group
• DFDS A/S
• BBC Chartering
What Is The Most Dominant Region In The Inland Water Transport Market?
Western Europe was the largest region in the inland water transport market in 2024. Asia-Pacific was the second largest region in the inland water transport market. The regions covered in the inland water transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
