The global Barge Transportation market has experienced a historical CAGR of nearly 3.4% from 2021 to 2031 and is expected to generate a valuation of approximately US$ 123.29 Bn by 2031.
The Barge Transportation Market report provides a detailed examination of the cost structure, market size, and PESTEL analysis, as well as a market outlook. Similarly, the Barge Transportation Market report focuses on the world’s major economies.
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The outlook seems even more optimistic, with the industry expected to reach US$ 191.45 Bn by the end of the 2021-2031 assessment period. The projected compound annual growth rate for the aforementioned period is 4.5%.
The COVID-19 pandemic has dramatically changed the dynamics of the Barge Transportation Market. This market research report includes extensive data on the impacts of the market. The research analyst team of the firm has been monitoring the market during this coronavirus crisis and has been talking with the industry experts to finally publish a detailed analysis of the future scope of the Barge Transportation Market. They have followed a robust research methodology and got involved in primary and secondary research to prepare the Barge Transportation Market report.
Analysts have made use of varied industry-wide prominent tools of market intelligence to gather, collate, and analyze market data, figures, and facts to arrive at revenue estimations and projections in the Barge Transportation Market.
The research report of the Barge Transportation Market comprises significant insights for the clients and vendors that are looking to maintain their market position as well as to expand the business in the current and upcoming market scenarios. Furthermore, the report provides a detailed study of the facts and figures, as viewers search for the scope in market growth related to the category of the product.
Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. Trade will become more efficient and seamless by using new ports and technologies. The result of a strategic collaboration can help the company to increase its production capacity.
- In August 2021, SEACOR Holdings Inc. announced the completion of its acquisition of U.S Shipping Corp- a privately owned, leading provider of long-haul marine transportation for chemical and petroleum cargo, rendering it as one of the largest Jones Act tanker operators, with a fleet of 15 coastwise vessels ranging from 150,000-300,000 barrels of capacity
- On September 28th, 2021, Taiwan-based Franbo Lines announced that it would be acquiring three bulk carriers as part of its fleet expansion. In addition, it will also purchase you two newly-built bulk carriers: one 40,000 ton bulk carrier acquired from a Japanese firm and one 20,360 ton bulk carrier acquired from a Panamanian company.
Prominent Key Players of The Barge Transportation Market Survey Report:
- 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
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Key Segments Covered
- Barge Type
- Dry Bulk Cargo Barge
- Liquid Cargo Barge
- Car-Float Barge
- Power Barge
- Construction Barge
- Vessel Type
- Open Barge
- Covered Barge
- Tank Barge
- Towed Barge
- Self-Propelled Barge
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