Barge Transportation Market in the US 2017-2021

The infographic below contains key findings from our US barge transportation market report

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Overview of the barge transportation market in the US

The growth of the US petrochemical industry will be one of the major US barge transportation market drivers. There is a growing demand for petrochemical shipments in the US. The refineries and petrochemical facilities in the US are established along the navigable inland waterways since the petroleum and petrochemical industries heavily depend on the marine transportation system. Additionally, several US farm belts also use inland waterway systems such as barges for the transportation of farm products and agricultural chemicals. Furthermore, with the development of various industries such as the construction, automobile, and packaging that widely use petrochemicals the need for petrochemical shipments will increase in the coming years. With the growing demand, petrochemical companies have increased the capacity of their plants over the US Gulf Coast. This will in turn, drive the need for barge transportation, driving the barge transportation market growth.

The rise in construction of new tank barges and tugboats will be one of the primary barge transportation market trends. The rising need for crude oil in the US is one of the major factors driving the usage of tank barges through inland waterway transportation. Moreover, with the increasing demand for shipping services to transport liquid cargo, the adoption of tank barges is expected to increase in the US during the forecast period.

Companies covered and their barge transportation market share

The barge transportation market in the US is highly concentrated due to the presence of few dominating vendors. Some of the major challenges for the vendors include the expenses incurred for the maintenance of barges and the aging barge fleet. Moreover, the vendors in the market primarily compete based on the price. However, due to increased emphasis on safety, environment, and quality, the trend is slowly shifting toward the single-source supply of all these services and the capability to handle a variety of tank barge requirements.

According to the barge transportation market analysis report, some of the key vendors are:

• Ingram Marine
• Kirby
• SEACOR

Other prominent vendors in the market include AgriChem Marine Transportation, Alter Logistics, Argosy Transportation, ATS International Services, Barge America, Blessey Marine Services, Bouchard Transportation, Campbell Transportation, Canal Barge, Ceres Barge Lines, Heartland Barge, and McAllister Towing and Transportation.

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Segmentation by barge fleet and analysis of the barge transportation market in the US

• Dry cargo barge
• Liquid cargo barge

The dry cargo barge segment accounted for the maximum barge transportation market share during 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the market segment’s growth is the transportation of mined coal through barges in the US.

Segmentation by products and analysis of the barge transportation market in the US

• Chemicals and allied products
• Coal
• Crude materials
• Food and farm products
• Petroleum products

According to the barge transportation market forecast report, coal accounted for the largest volume of the products transported in the barge transportation market in the U during 2016. However, with the declining demand for crude oil and natural gas, the market share of coal and crude oils segments will fall during the predicted period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the barge transportation market in the US?
• What are the key market trends impacting the growth of the barge transportation market in the US?
• What are the challenges to market growth?
• Who are the key vendors in the barge transportation market in the US?
• What are the market opportunities and threats faced by the vendors in the barge transportation market in the US?
• What are the trending factors influencing the market shares of the US?
• What are the key outcomes of the five forces analysis of the barge transportation market in the US?

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