Inland Waterways Vessels Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Inland Waterways Vessels Market: Snapshot
The adoption of inland waterways for movement and the travel industry has assumed an indispensable job in the development of the overall inland waterways vessels market. The demand regarding the worldwide inland waterways vessels is ascending because of progressions in the marine business. The utilization of inland waterways vessels isn't confined to investigation exercises, and these vessels can be utilized for starting a few recreational stages. Thus, the relevance of inland waterways vessels cannot go undermined. The utilization of inland waterways vessels has expanded in areas that are lined by channels and enormous streams.
Global Inland Waterways Vessels Market: Overview
The global inland waterways vessels market is receiving major impetus from the rising trade worldwide. Inland waterways vessels offer an excellent mode of transporting goods since they have higher loading capacity than road vehicles. Besides, they also serve to bring down congestion on roads. Other things proving beneficial to the market are lower emissions caused by the inland waterways market. They are economical too since they make optimum usage of fuel.
The global inland waterways market is seeing healthy competition as players bank upon strategic mergers and acquisitions in order to expand their operations and diversify their product portfolios.
Global Inland Waterways Vessels Market: Drivers and Restraints
Several factors are proving beneficial for the global inland waterways market. Foremost among them is the continued government support modernization and upgradation of port facilities. Apart from that, strict standards for making ships reliable and fit for operations in waterways are also having a positive impact on the market. Those consist of mandatory certificates showing they are in good shape and the goods being transported are not harmful or damaging. This is expected to contribute positively to revenue.
The global inland waterways vessels market is receiving a major fillip from the incorporation of latest, advanced technologies to improve performance. Those not just help to improve safety but also enable to bring down operating costs. For instance, many savvy companies are outfitting sensors in vessels to monitor performance and up safety considerably. This serves to cut back costs resulting from damages. Besides, they are also seen banking upon GPRS facilities, advanced navigation systems, and GPS or GLONASS technology. This makes inland waterways vessels perfect for import and export companies.
Posing a challenge to the global inland waterways vessels market, on the other hand, is the high cost of purchasing the ships and maintaining them. The stringent rules and regulations, inclement weather, and longer delivery time are other factors hampering the market.
Global Inland Waterways Vessels Market: Trends and Opportunities
Currently, the non-passenger vessels hold an outsize share in the global inland waterways vessels market with respect to volume. The segment is predicted to dominate in the near term as well reason being the large number of workboats such as general cargo ships and fishing vessels. The segment of non-passenger vessels is also getting boosted by increasing transportation of liquid cargo and dry cargo.
Global Inland Waterways Vessels Market: Regional Analysis
When it comes of the key geographical regions in the global inland waterways vessels market, Asia Pacific accounts for a leading share. This is mainly on account of the growing trade and commerce in the region and the tourism boom. Besides, abundance of waterways channels has also served to support the vast number of freight traffic.
Meanwhile, the inland waterways vessels market in North America is predicted to rise as well because of the rising usage of inland waterways for transferring agricultural products. Apart from that, surging shale oil and gas production, which needs to be transferred from one place to another, is also providing a solid boost to the North Americas inland waterways vessels market.
Global Inland Waterways Vessels Market: Competitive Landscape
Some of the prominent participants in the global inland waterways vessels market are European Cruise Service, CMA CGM Group, Sanmar, Rhenus Group, and Viking. They are seen building more advanced vessels with new types of materials and leveraging latest technologies.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report