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The inland water freight transport market is expected to grow from $15.91 billion in 2021 to $16.83 billion in 2022 at a compound annual growth rate (CAGR) of 5.8%. The inland water freight transport market is expected to grow to $19 billion in 2016 at a CAGR of 3.1%.

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Inland Water Freight Transport Market Driver

The need for economical transportation for cargo has been the main driving factor for the inland water freight transport market. Water freight is usually considered inexpensive and economical for heavier cargo because of the difference in fare charging in comparison to other modes of transport. On water transport, the rate is often calculated by the cubic metre of the standard container. On the other hand, in air transport, the chargeable weight is calculated by a combination of size and weight of cargo.

Inland Water Freight Transport Market Trends

The development of information technology platforms for better vessel management is an emerging trend in the inland water freight transport market.

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Inland Water Freight Transport Market Segmentation By The Business Research Company

1) By Type Of Transportation: Liquid Bulk Transportation, Dry Bulk Transportation

2) By Fuel: Heavy Fuel Oil, Diesel, Biofuel, Other Fuels

3) By Vessel Type: Cargo Ships, Container Ships, Tankers, Other Vessel Types

Major Players And Regions Of The Inland Water Freight Transport Market

Major players in the inland water freight transport market are American Commercial Barge Line, Ingram Barge, Kirby Inland Marine, American River Transportation, CMA CGM Group, McKeil Marine Limited, AP Moller – Maersk A/S, Rhenus Group, and Imperial Logistics International.

Western Europe was the largest region in the inland water freight transport market in 2021.

The Inland Water Freight Transport Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the inland water freight transport market.

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