Learn about the global water transport market through The Business Research Company, which provides information on water transport market size, water transport market drivers and restraints, water transport market players, the COVID-19 impact on the water transport market, and more.

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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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.

Global Water Transport Market Segments Include:

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 was the largest region in the global water transport market, accounting for 45% of the market in 2020.

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 data captured by the sensor allows shipowners to improve overall maintenance cycle of visits, including condition monitoring and condition-based monitoring.

TBRC’s water transport market report covers:

Major Market Players: A..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)

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, analyses and forecasts market size, share, water transport market players, water transport market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s water transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Inland Water Transport Global Market Report 2021 -COVID-19 Impact And Recovery

Transport Global Market Report 2021

Transport Services Global Market Report 2021

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