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The need for economical transportation for cargo are expected to drive innovation in inland water freight transport manufacturing, thus driving the market during the forecast period.

The global inland water freight transport market is expected to grow from $16.99 billion in 2022 to $17.82 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The global inland water freight transport market size is expected to grow to $20.70 billion in 2027 at a CAGR of 3.8%.

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Global Inland Water Freight Transport Market Segments Include:

• By Type Of Transportation: Liquid Bulk Transportation, Dry Bulk Transportation
• By Fuel: Heavy Fuel Oil, Diesel, Biofuel, Other Fuels
• By Vessel Type: Cargo Ships, Container Ships, Tankers, Other Vessel Types
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global inland water freight transport market in 2021.

Major Market Players in the inland water freight transport market include American Commercial Barge Line, Ingram Barge, Kirby Inland Marine, American River Transportation, CMA CGM Group, McKeil Marine Limited

The development of information technology platforms for better vessel management is an emerging trend in the inland water freight transport market. For instance, in April 2021, according to research published in Springer, a Germany based publishing company, about 80% of global trade by volume was carried by waterways, with a fleet of 95402 ships in 2019. Information technology on ships is used for fuel optimization and monitoring vessel performance, recognising scanned copies and photos of documents, customer relationship management, warehouse management, and Que management systems. A few significant online apps and portals used for operations management on ships are BunkerEx, an online portal for ship owners helping in finding optimal bunker ports; Nautilus Labs, which takes data from sensors, manual reports, and market information to get a unified fleet intelligence picture; and Radiantfleet, with its software, helps in digitising workflows, cutting costs, and improving budgeting. Therefore, the combination of digital and physical connectivity helps carriers and seaports integrate their processes with shippers and track devices for containers and cargo.

The Inland Water Freight Transport Global Market Report 2023  provides a inland water freight transport market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The inland water freight transport market forecast analyzes inland water freight transport market size, inland water freight transport market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Inland water freight transportation refers to a mode of transportation over stretches of water, not part of the sea, over which crafts with a carrying capacity of at least 50 tonnes can navigate when normally loaded to provide inland water transportation of passengers and cargo on lakes, rivers, or intracoastal waterways.

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