Barge Transportation Market: Oil Boom Increase Barge Operators Fortune

From: FactMR
Published: Sun May 19 2019

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. Significant alterations in transport infrastructure on the back of fast transitioning perspectives on fuel efficiency, besides other significant advantages such as cost effectiveness and diminished carbon footprint have spiked consumer tendencies for inland waterways in recent years. Substantial public and private funding towards reliable water transport system is plentiful across both developed and developing economies alike, necessitating adoption of advanced barge transportation. The upcoming massive infrastructure development project committed to waterways advancements in India are likely to diversify opportunities in barge transportation market in subsequent times.

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Waterborne transportation is likely to lend lucrative opportunities in Barge Transportation Market owing to its massive adoption rates in oil and petroleum transit. With surged petroleum production activities marine vessels such as barges are likely to garner potential adoption in global transportation owing to their reliable load bearing capabilities and cost efficiency. Impressive outlook of North American oil industry is likely to drive greater adoption of barges for trade across the US and Canada. Besides massive adoption in oil and petroleum derivatives, barge transportation market is deemed to remain optimistic with ample expansion in chemical and agricultural verticals.

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Several organic and inorganic growth strategies are being thoroughly embraced by leading market participants to retain staggering competition in barge transportation market, owing to reinforced popularity of maritime trade. A recent development marked the acquisition Progressive Barge Line by Savage Inland Marine, a US based marine services. The acquisition is likely to upgrade Savage's portfolio, establishing its dominance in barge transport market. Other significant developments such as emergence of electric, emission-free unmanned barges are further anticipated to favor the onward growth scale in barge transportation market.

Barge Transportation Market: Overview

The barge transportation market has been analyzed in detail to offer definitive forecast insights on the market for the period 2019-27. This report is an exhaustive compilation of a detailed overview of barge transportation market and analyzes the market in terms of market dynamics, macro and micro-economic determinants that shape market growth, also shedding light on other relevant factors that direct future prospects of the market trajectory.

The report aims to offer readers with ample competitive advantage and cues on market entry barriers, based on which aspiring market entrants as well as established players can drive profitable investment discretion. To aid readers’ understanding the report is systematically classified into detailed chapters. In its trailing sections the report also includes a detailed chapter on segmental analysis of barge transportation market to offer veritable insights on segments’ historical and future growth estimations. Further in the course of the report readers are also enlightened about regional assessment of pivotal factors.

Detailed overview of barge transportation market spectrum presented in the report banks upon a robust research methodology comprising primary and secondary researches that divulge relevant and timely market intelligence figures.

Barge Transportation Market: Competition Landscape

However, the report by Fact.MR distinguishes vendors in the global Barge Transportation market among three key groups subjected to their regional concentration and focuses on the Barge Transportation market. Key players in the Barge Transportation market which broadly concentrates on Barge Transportation and has business and sales footprint across the world. The companies such as 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. The tier I manufacturing companies in Barge Transportation segments, however, account for the significant share of the global Barge Transportation business and the tier II players in the global Barge Transportation market is regional operators, which are primarily based out of the US and Europe, and predominantly are Chinese companies.

The report allows readers to maneuver competitive and tactical business strategies based on aforementioned insights and ensure sustained revenue pools in barge transportation market.
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