Global Inland Water Transport Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Inland water transportation refers to a mode of transportation over stretches of water, not part of the sea, over which crafts with a carrying capacity of not less than 50 tons can navigate when normally loaded to provide inland water transportation of passengers and cargo on lakes, rivers, or intracoastal waterways.

Sizing and Forecast

The inland water transport market size has grown strongly in recent years. It will grow from $20.51 billion in 2023 to $21.92 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to agricultural transport, bulk cargo transport, infrastructure development, environmental advantages, trade and commerce, industrialization.

The inland water transport market size is expected to see strong growth in the next few years. It will grow to $28.24 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to sustainable practices, inland port development, tourism development, river restoration projects, economic growth in riverine areas, water resource management. Major trends in the forecast period include fleet with eco-friendly technologies, smart ports and terminals, inland waterway information systems, predictive maintenance systems, intermodal connectivity with rail and road.

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Segmentation & Regional Insights

The inland water transport market covered in this report is segmented –

1) By Type: Inland Water Freight Transport, Inland Water Passenger Transport

Western Europe was the largest region in the inland water transport market in 2023. Asia-Pacific was the second largest region in the inland water transport market. The regions covered in the inland water transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

Recently, companies are 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 available soon in the market. With these efforts, the inland transport market is seeing steady growth in the upcoming years.

Key Industry Players

Major companies operating in the inland water transport market report are Deutsche Post AG, AP Moller – Maersk A/S, CMA CGM Group, Carnival Corporation, Nippon Yusen, Hyundai Merchant Marine America, Kirby Inland Marine, Ingram Marine Group, Groupe Beneteau, Bayliner Boats, American Commercial Lines LLC, Rhenus Group, Florida Marine Transporters, Alnmaritec Ltd., ACBL Transportation Services, Marquette Transportation Company, Canal Barge Company, Blessey Marine Services, Seacor Holdings Inc., G&H Towing Company, European Cruise Service, Main Iron Works LLC, American River Transportation, Cenac Marine, ST Shipping and Transport Inc., Campbell Transportation Company, Safewater Lines, Heartland Barge Management, Waterfront Shipping Company Limited, Eiger Shipping SA, Central Inland Water Transport Corporation Limited, Savage Inland Marine.

The inland water transport market report table of contents includes:

1. Executive Summary
2. Inland Water Transport Market Characteristics
3. Inland Water Transport Product/Service Analysis -Product/Service Examples
4. Inland Water Transport Market Trends And Strategies
5. Inland Water Transport Market – Macro Economic Scenario
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68. Global Inland Water Transport Market Competitive Benchmarking
69. Global Inland Water Transport Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Inland Water Transport Market
71. Inland Water Transport Market Future Outlook and Potential Analysis
72. Appendix

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