Major companies in the inland water transport market include American Commercial Lines LLC; Ingram Industries; AP Moller - Maersk A/S; Jeffboat and European Cruise Service.
The global inland water transport market is expected to grow from $18.62 billion in 2020 to $19.42 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $23.2 billion in 2025 at a CAGR of 5%.
The inland water transport market consists of sales of inland water transportation services and related goods by entities (organizations, sole traders and partnerships) that provide inland water transportation of passengers and cargo on lakes, rivers, or intracoastal waterways. Inland waterways are stretches of water, not part of the sea, over which crafts of a carrying capacity not less than 50 tonnes can navigate when normally loaded. The inland water transport market is segmented into inland water freight transportation and inland water passenger transportation.
Asia Pacific was the largest region in the global inland water transport market, accounting for 32% of the market in 2020. Western Europe was the second largest region accounting for 29% of the global inland water transport market. Africa was the smallest region in the global inland water transport market.
Companies are recently encouraging lean and green inland transportation. For improved efficiency, companies are focusing on natural gas in shipping, improved vessel designs, efficient loading and unloading of cargo and many more. The companies are also retrofitting old equipment in ships with emission reduction devices, hull cleaning and coating and high performance propellers and nozzles. Certain advanced propulsion systems such as fuel cell hybrid drive technologies will be soon there in the market. With these efforts inland transport market is seeing a steady growth in the upcoming years.
Our reports have been used by over 10K customers, including:
395 pages •
By Global Industry Analysts
• Apr 2021
- Souring Financials of Railway Operators Crushes Railway Fleet Expansion Plans. Rail Wheel & Axle Sales Plummets by -7.1%
- The global market for Rail Wheel & Axle is expected to slump by -7.1% in the year 2020 and thereafter recover to reach US$4.2 billion by the year 2027, trailing a post COVID-19 CAGR...
Digital Signage Market Size, Share & Trends Analysis Report By Screen Type, By Component, By Technology, By Location, By Content Category, By Screen Size, By Application, And Segment Forecasts, 2021 - 2028
Digital Signage Market Growth & Trends
The global digital signage market size is anticipated...
The Hyperloop Technology market with COVID-19 impact is expected to grow from USD 1.2 billion in 2021 to USD 6.6 billion by 2026, at a CAGR of 40.4%. The major factors driving the growth of the Hyperloop Technology market are decreased travel time and transport costs. less expensive and minimum infrastructural maintenance, creation of hyperloop...
KEY FINDINGS The global ATV and UTV market is anticipated to register a CAGR of 6.15% during the forecast period, 2021-2028. The rising popularity of adventure sports and recreational activities, government rules supporting UTVs and ATVs, and growing demand for UTV and ATV in military vehicles, propel market growth. MARKET...
Global Hydrogen (Energy) Market Report, 2021 - Market Outlook, Trends, and Key Country Analysis
latest report "Global Hydrogen (Energy) Market Report, 2021 - Market Outlook, Trends, and Key Country Analysis" offers comprehensive information and understanding of the global hydrogen market....
The global contraband detector market size is expected to grow from USD 3.9 billion in 2021 to USD 5.6 billion by 2026, at a CAGR of 7.5%. The market has a promising growth potential due to several factors, including growing adoption of x-ray screening technology in the transportation industry and rising adoption of contraband detectors in...
The Global Smart Ticketing Market size is expected to reach $21.1 billion by 2027, rising at a market growth of 15.6% CAGR during the forecast period. The smart ticketing system refers to a system that helps in securely saving tickets in electronic format in a microchip. A smart card refers to a pepper card in which the microchip is integrated....
Optical Transport Network Equipment Companies are revising their long-term strategies to emerge stronger in the post-COVID pandemic scenario. After facing series of challenges such as supply chain disruption, demand fluctuations, other pressing concerns during 2020, companies are revising their strategies through modifying the composition...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.