Inland Waterways Vessels Market By Application, Growth Potential & Forecast, 2017 – 2024

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Inland Waterways Vessels Market Trends, Growth
Forecast, 2017 - 2024
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Key Insights from Inland Waterways Vessels Market

• Increasing trade activities via inland waterways
  is primarily driving the industry growth over the
  forecast timeframe. These vessels are highly
  preferred owing to their benefits including
  congestion free transportation, reliability, and
  cost effectiveness as compared to other modes,
  further escalating the revenue generation.
• Non-passenger vessels are likely to showcase
  dominance in the global inland waterways vessels
  market with more than 80 revenue share by 2024.
  High prominence of work boats such as general
  cargo ships and fishing vessels for carrying out
  specific tasks will primarily contribute to the
  revenue generation.
• Passenger ships will exhibit over 3 CAGR from
  2017 to 2024 owing to rising government support
  across the globe for their enhancement. For
  instance, in October 2017, the Chinese government
  made an announcement for facilitation of cruise
  industry in the country.
• Global inland waterways vessels market from
  diesel oil will exhibit maximum volume share of
  over 90 till 2024 owing to strong prevalence of
  fuel in the industry.

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Continued...

• High usage of the fuel in majority of the vessels
  will augment to the revenue generation. LSFO will
  grow rapidly, witnessing more than 6.5 CAGR over
  the next eight years.
• The substantial growth is attributed to its
  rising deployment owing to increasing marine
  pollution and adverse environmental impacts.
  Moreover, this fuel fulfils the stringent
  regulatory standards, further contributing the
  industry growth.

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U.S. Inland Waterways Vessels Market, By Fuel,
2016 2024, (Units)

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Major Companies in Inland Waterways Vessels
Market

• Sanmar
• Rhenus Group
• Sneed Shipbuilding
• Bayliner
• Viking
• European Cruise Service
• CMA CGM Group
• Seacontractors
• Windcat Work Boats

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Industry Coverage

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Regional Insights in Inland Waterways Vessels
Market

• Asia Pacific will capture highest revenue share
  in inland waterways vessels market, accounting
  for more than USD 1,750 billion by 2024. Rising
  initiatives from countries including Japan, South
  Korea, and China for enhancement of marine
  transportation will essentially drive the
  industry growth. These countries have carried out
  extensive construction activities for
  bulk-carriers, new tankers, and LNG carriers over
  the past few years, further supporting the
  regional dominance.
• North America is likely to grow substantially,
  exhibiting more than 6 CAGR owing to regular
  modernizations in the terminals and continuous
  focus of industry participants to expand their
  fleet.

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