The introduction of new tank
barges with more storage capacity has increased the usage of water
transportation mode as it is cheaper, reliable and less polluting. Tank barges
are craft used to transport cargo or passengers through river and other inland
waterways. Usage of this mode has increased among the companies to transport
the liquid-bulk cargo.
THE
BUSINESS RESEARCH COMPANY VALUED THE GLOBAL WATER TRANSPORTATION MARKET AT $396
BILLION IN 2017
Asia Pacific was the largest
geographic region in the market, accounting for nearly half of the global
market.
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The chart below shows the
year-on-year growth of the global water transportation market during 2017 – 2021
According to The Business
Research Company’s Consultant, Nitin Gianchandani, an automated routing system,
aligned with historic routes of large cargo sailors, will allow cargo ships to
reach their destination as quickly, and at a much cheaper cost. Companies can
implement this for faster transportation. Companies can invest in towing kite
wind propulsion systems for modern means of sea travel and transportation. These
systems make the operation of ships more profitable, safe, environment
friendly, and independent of scarce oil resources. The Skysails system consists
of a large towing kite similar to a paraglider, which is navigated by a fully-
automated control pod and is connected to the ship via a towing rope.
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A.P. Møller-Maersk was the
biggest player in the global water transportation market, with revenues exceeding
$36 billion in 2016. Moller’s strategy aims at solutions for its energy
businesses, integrating and transforming the transport and logistics business
and strengthening the governance. The acquisition of Hamburg is an important
part of Maersk’s growth strategy.
The water transportation market
is segmented into Deep Sea, Coastal, And Great Lakes; Inland.
Deep Sea, Coastal, And Great Lakes industry comprises
establishments primarily engaged in providing deep sea, coastal, Great Lakes,
and St. Lawrence Seaway water transportation.
Inland industry comprises establishments primarily engaged in
providing inland water transportation.
Water Transportation Global Market
Report
2018 is a detailed report giving a unique insight into this market. The
report is priced at $6000 for an individual user. To use across your office,
the price is $9000 and $12000 if you wish to use across a multinational
company.
About
The Business Research Company
The
Business Research Company is a market research and intelligence company, which
excels in company, market and consumer research. It has research professionals
at its offices in the UK, India and the US as well a network of trained
researchers globally. It has specialist consultants in a wide range of
industries including manufacturing, healthcare, chemicals and technology.
Contact
Information.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
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