Barge Transportation Market statistics and research analysis released in latest report, 2017-2024

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Barge Transportation Market to hit 170bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Barge Transportation Market

• Global barge transportation shipment volume is
  expected to cross 12 billion tons till 2024.
• single barge can carry goods with capacity of
  above 1500 tons at once which is far more than
  that of railcars or trucks.
• Rising demand of petrochemical shipments across
  the globe and increasing crude oil demand
  especially from developed countries which include
  U.S. and Japan will further escalate the growth
  of barge transportation market share over the
  next few years.
• Rising investment from industry players to
  enhance their infrastructure and quality of their
  fleet will fuel the barge transportation market
  growth over the forecast timespan.

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Continued...

• Dry cargo will account for highest barge
  transportation market share surpassing USD 79
  billion till 2024.
• Liquid cargo is poised to exhibit highest CAGR
  over the forecast timeframe owing to increased
  demand for liquid chemicals, crude oil, and
  agriculture fertilizers.
• North America barge transportation market is
  anticipated to grow at highest CAGR of over 5.
  This growth is attributed to high demand for
  petrochemical shipments from the region.
• Tank barges will witness a substantial growth
  from 2017 to 2024 owing to increasing
  petrochemical shipments from various regions,
  especially North America.

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U.S. Barge Transportation Market Size, By
Product, 2013 2024 (USD Billion)

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Industry Coverage
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360 Analysis

• Product Analysis
• Dry cargo accounted for over 45 market share in
  2016 and will is anticipated to continue its
  dominance owing to excessive shipments of coal,
  metal ores, and agricultural products.
• Regional Analysis
• North America is anticipated to grow at fastest
  pace from 2017 to 2024 owing to increasing
  petrochemical shipments in the region.
• Asia Pacific is poised to account for highest
  revenue share in the barge transportation market
  crossing USD 45 billion owing to large waterways
  channel availability.
• Competitive Market Share
• Kirby Corporation, American Commercial Barge Line
  (ACBL), Ingram Marine Group, and SEACOR Holdings
  are among the prominent players in the barge
  transportation market. Other notable players in
  the industry include Heartland Barge, Campbell
  Transportation, ABC India Ltd., Canal Barge, PTC
  Logistics, and PACC Offshore Services Holdings
  (POSH).

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