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(Transportation-News.com, September 16, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global Barge Transportation market for 2018-2023.
A barge is a flat-bottomed base used for carrying a huge capacity of heavy goods through waterways. A single barge can carry goods with capacity of above 1,500 tons at once which is far more than that of railcars or trucks.
Huge capacity of the barges is expected to drive the growth of market during the forecast period. In addition, one of the major drivers for this market is Growth in world seaborne trade, especially for ethanol transportation. The global ethanol production is witnessing an upward growth after a slight decline in 2012. The US and Brazil are the major ethanol producers. Both the countries held 84%-86% of the global ethanol production in 2016. Rising demand of petrochemical shipments across the globe and increasing crude oil demand especially from developed countries which include US and Japan will further escalate the growth of barge transportation market share over the next few years. North America barge transportation market is anticipated to grow at highest CAGR of over 5% resulted from high demand for petrochemical shipments from the region. Asia Pacific barge transportation market is expected to maintain its position over the forecast period on account of rapid industrialization and increasing population.
Over the next five years, this report projects that Barge Transportation will register a 8.8% CAGR in terms of revenue, reach US$ 265400 million by 2023, from US$ 160000 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Barge Transportation market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Open Barge
Covered Barge
Tank Barge
Segmentation by application:
Coal & Crude Petroleum
Agricultural Products
Coke & Refined Petroleum Products
Metal Ores
Secondary Raw Materials & Wastes
Food Products
Beverages & Tobacco
Basic Metals & Fabricated Metal Products
Chemicals
Rubber & Plastic
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
ACBL
Danser Group
Ingram Marine Group
Kirby
SEACOR
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Barge Transportation consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Barge Transportation market by identifying its various subsegments.
Focuses on the key global Barge Transportation manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Barge Transportation with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Barge Transportation submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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