Oil Boom Increase Barge Operators Fortune
The rising consumption of North American oil is escalating lot of barges, as several petrochemical and energy companies mainly turn to the canal, coastal and rivers waterways to get North American crude to refineries in U.S. and Canada and will increase the usage of liquid cargo barge over the forecast period. With expanding petrochemical industry rise the shipments across the regions. The expanding usage of inland waterways in the transportation of chemical, agricultural and farms products will further propel the growth of barge transportation market. The import-export of crude oil and petrochemical is extensively depended upon marine transportation, and increasing demand for oil & petroleum products strengthen the trade, results in the growth of barge transportation market. The strong interconnectivity of canal and rivers across the countries and regions will fuel the business and will lead to an increases demand for petrochemical transportation. As a result, could boost the manufacturing of Tank Barges. Advantages of barges transportation in terms of emissions, fuel usage and capacity compare to railcars and trucks are the key factors deriving the growth of barge transportation market in the near future.
A recent Fact.MR study foretells the barge transportation market to record significant growth over the forecast period (2019-2027). Barge transportation market continues to witness increased traction in the barge type such as dry bulk cargo barge, liquid cargo barge, car-float barge, power barge and construction barge.
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On the basis of region, Barge Transportation market is segmented into North America, Latin America, Europe, Japan, APEJ and MEA. The Barge Transportation market is segmented on the basis of barge type, vessel type, voyage and propulsion. On the basis of barge type, Barge Transportation market is segmented into dry bulk cargo barge, liquid cargo barge, car-float barge, power barge and construction barge. By vessel type, the Barge Transportation market is segmented into the open barge, covered barge and tank barge. By voyage, Barge Transportation are segmented into the inland, offshore and ocean. By propulsion, Barge Transportation are further classified into towed barge and self-propelled barge.
Increasing Public Private Partnerships (PPP) in Ports
Majority of global trades are carried out via sea routes, hence well-functioning maritime transport is a key element in overall development of countries who participate in global trade. The port operation requires heavy man power and equipment investments. As a result, several countries are adopting Public Private Partnership (PPP), in which the operations and management responsibilities are delegated to private companies, while some land and assets remain with the government tends to increases the adoption of barge transportation. Public-private partnership is majorly adopted in developing countries and some developed nations due to high initial investment associated with the development of terminals. India has over 29 major ports under development with an investment of around US $13 Bn done as PPP module of Government of India. With rise in the number sea ports anticipate the trade across countries will fuels the global barge transportation market in upcoming years.
With increasing seaborne trade, demand for the development of new port and continuous maintenance of the existing one is expanding. As the port management becoming complex and robust, federal governments are looking for port privatization. For instance, the national governments of the USA and Canada are facing the problem with the trade surge. As a result, policies are being formed regarding port developments under private organizations leads to the building of new ports which will increase the trade and cater to the growth of barge transportation market
Increasing Ocean Trade Activities
During the past few years, ocean freight has witnessed a positive growth in SEA and Western Europe countries. Counties in this region have large logistical operations. These logistical operations need large vessel for inland, offshore and ocean transportation. This creates potential demand for barge transportation across the globe. Moreover, mandatory government regulations are also contributing to the growth of the marine electronics market. Many companies are establishing their foundries in Western Europe, China and Japan. With the growth of ocean logistical operations, the marine electronics market is witnessing a potential demand, and is expected to grow with the growth of logistics demand during the forecast period.
Larger Fleets and Sharing Concepts
The increasing price pressure is one of the prominent factors for the consolidation of the transportation sector. The trend of getting larger fleets will prevail over the forecast period in the Middle East and North Africa barge transportation market. In the Middle East and Africa Market, the number of potential consumers is declining, and the purchasing power of the prominent players is increasing at a good pace. The market for the barge transportation in the MEA region will face stiff competition between the global market participants for gaining higher market share. The concept of sharing and renting leads to increases the barge transportation in the Middle East and North Africa market at significant rate, and it is projected to remain popular throughout the forecast period.
Adoption in Construction Aggregate Sector
With the growth in construction aggregates and coal market. The construction aggregates such as sand, gravel, crushed stone, slag, recycled concrete, iron ore, cement, etc. required a large and efficient mode of transportation leads to benefits the barge transportation services. Governments of major economies are focusing on the development of transportation facilities and strengthening energy (power generation) infrastructure, leads to drive the growth of barge transportation market due to its large capacity and cost-efficient.
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This report provides a forecast and analysis of the Barge Transportation market. It contains historical data of 2013 along with estimated data for 2018, and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Tons), according to a Fact.MR study. The research propounds key trends that are currently influencing the growth of the Barge Transportation market along with the macroeconomic indicators. This newly published and insightful report sheds light on key dynamics, and their impact on the overall value chain from raw material suppliers to end users who are expected to transform the future of the Barge Transportation market.
The report also comprises the study of current issues with end users and opportunities for Barge Transportation products. It also includes value chain analysis including profit margin and gross margin along with key market participants. To provide users of this report with a comprehensive view of the market, we have included detailed competitiveness analysis and market key players and strategic overview. The dashboard provides an accurate comparison of Barge Transportation manufacturers on parameters such as total revenue, product offerings, and key strategy. The study encompasses market attractiveness analysis by barge type, vessel type, voyage and propulsion and region. A list of key companies operating in the Barge Transportation market provided in the report adds to the credibility of this exhaustive research study.
Barge Transportation Market: In-Depth Assessment on Key Segments
The report includes company profiles of key manufacturers of Barge Transportation and the revenue generated from the companies across North America, Latin America, Europe, Japan, APAC, and MEA. The Barge Transportation market is segmented on the basis of barge type, vessel type, voyage and propulsion. On the basis of barge type, Barge Transportation market is segmented into dry bulk cargo barge, liquid cargo barge, car-float barge, power barge and construction barge. By vessel type, the Barge Transportation market is segmented into the open barge, covered barge and tank barge. By voyage, Barge Transportation are segmented into the inland, offshore and ocean. By propulsion, Barge Transportation are further classified into towed barge and self-propelled barge.
Country-specific assessment on demand for the Barge Transportation has been provided for each regional market, along with the market size valuation and forecast, price point assessment, price index, and impact analysis of key regional and country-wise dynamics which were obtained through quotes from numerous Barge Transportation manufacturers, experts, exporters, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report
The report provides company-level market share analysis has been derived on the basis of company’s annual sales and segmental revenue in all the target sectors. The market has been forecast based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major companies operating in the Barge Transportation market analyzed are American Commercial Barge Line LLC., INGRAM Marine Group, Kirby Corporation, SEACOR Holdings Inc., Campbell Transport Company, Heartland Barge, Bouchard Transportation, Canal Barge, Magnolia Marine Transport, Marquette Transportation among others key companies exhibit top position in the global market for Barge Transportation.
Barge Transportation Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method, to offer useful quantitative and qualitative insights on the Barge Transportation market.
For ascertaining the market size on the basis of volume and value, revenues generated by leading players, coupled with their production capacities are taken into consideration. Backed by a proven & tested research approach, the report offered necessary information on the Barge Transportation market. Qualitative aspects gained from industry experts and opinion leaders have also been adhered by the analysts while developing this insightful report on the Barge Transportation market. Secondary research is leveraged for ascertaining the overall size of the Barge Transportation market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the Barge Transportation market, which include global GDP growth rate, and marine transportation and cargo market growth rate. Global pricing analysis, and opportunity analysis for the Barge Transportation market have also been incorporated in the report. This report serves as an authentic resource of intelligence on the Barge Transportation market, enabling the readers to fact-based decisions on future direction of their businesses.
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