Global Water Transport Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Water Transport Market Report by The Business Research Company covers water transport market drivers and restraints, water transport market size, major players, and the impact of COVID-19 on the water transport market.
The water transport market consists of sales of water transportation services and related goods by entities (organizations, sole traders and partnerships) that provide water transportation of passengers and cargo using watercraft, such as ships, barges, and boats. The water transport market is segmented into deep sea, coastal, and great lakes and inland water transport.
Water transportation service companies are increasingly using sensor technologies to enable monitoring of remote locations of ships. A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any one of a number of other environmental phenomena present in the ship. Sensors in remote locations of ships collect data autonomously and relay the data to the control room in real-time.
The global water transport market is expected to grow from $486.7 billion in 2020 to $507.4 billion in 2021 at a compound annual growth rate (CAGR) of 4.%.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 $611.2 billion in 2025 at a CAGR of 5%.
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Some water transport market trends include water transportation service companies increasingly using sensor technologies to enable monitoring of remote locations of ships. A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any one of a number of other environmental phenomena present in the ship. Sensors in remote locations of ships collect data autonomously and relay the data to the control room in real-time. The data captured by the sensor allows shipowners to improve overall maintenance cycle of visits, including condition monitoring and condition-based monitoring.
Global water transport market segments include:
1) By Type: Deep Sea, Coastal, And Great Lakes, Inland Water Transport.
Subsegments Covered: Deep Sea Transport, Coastal and Great Lakes Transport, Inland Water Freight Transport, Inland Water Passenger Transport.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global water transport market share.
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The Water Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides water transport market overviews, analyzes and forecasts market size, share, water transport market players, water transport market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The water transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Water Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: A.P. Møller-Maersk, Mediterranean Shipping Company (MSC), CMA-CGM, Evergreen Marine Corporation, Nippon Yusen Kabushiki Kaisha (NYK).
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Water Transport Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Water Transport Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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