The water transportation includes establishments primarily engaged in providing waterborne transportation of cargo and passengers along the lakes, rivers and other inland waterways. This can involve ships, ferries, cruise ships, submarines and other water-borne crafts. Ship transport is primarily used for the carriage of people and non-perishable goods, generally referred to as cargo.
Water Transportation Global Market Size
The global water transportation market was valued at $393.4 billion in 2017. Asia Pacific was the largest geographic region accounting for $178.8 billion or 45.4% of the global market. China was the largest country accounting for $72.8 billion or 18.5% of the global water transportation market.
Water Transportation Global Market Trend
The introduction of new tank barges with more storage capacity has increased the usage of water transportation mode as it is cheaper, reliable and less polluting. Tank barges are craft used to transport cargo or passengers through river and other inland waterways. Usage of this mode has increased among the companies to transport the liquid-bulk cargo.
The companies covered are A.P. Møller-Maersk, Mediterranean Shipping Company (MSC), CMA-CGM, Evergreen Marine Corporation, and Nippon Yusen Kabushiki Kaisha (NYK).
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Water Transportation Global Market Segmentation
The water transportation market is segmented into Deep Sea, Coastal, And Great Lakes; Inland.
Deep Sea, Coastal, And Great Lakes industry comprises establishments primarily engaged in providing deep sea, coastal, Great Lakes, and St. Lawrence Seaway water transportation.
Inland industry comprises establishments primarily engaged in providing inland water transportation.