A barge is a flat-bottomed base used for carrying a huge capacity of heavy goods through waterways. A single barge can carry goods with capacity of above 1,500 tons at once which is far more than that of railcars or trucks.
Huge capacity of the barges is expected to drive the growth of market during the forecast period. In addition, one of the major drivers for this market is Growth in world seaborne trade, especially for ethanol transportation. The global ethanol production is witnessing an upward growth after a slight decline in 2012. The US and Brazil are the major ethanol producers. Both the countries held 84%-86% of the global ethanol production in 2016. Rising demand of petrochemical shipments across the globe and increasing crude oil demand especially from developed countries which include US and Japan will further escalate the growth of barge transportation market share over the next few years. North America barge transportation market is anticipated to grow at highest CAGR of over 5% resulted from high demand for petrochemical shipments from the region. Asia Pacific barge transportation market is expected to maintain its position over the forecast period on account of rapid industrialization and increasing population.

Market Analysis and Insights: Global Barge Transportation Market
The global Barge Transportation market size is projected to reach US$ 112880 million by 2027, from US$ 93650 million in 2020, at a CAGR of 2.7% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Barge Transportation market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Barge Transportation market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Barge Transportation market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Barge Transportation market.

Global Barge Transportation Scope and Market Size
Barge Transportation market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Barge Transportation market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Open Barge
Covered Barge
Tank Barge

Segment by Application
Coal & Crude Petroleum
Agricultural Products
Coke & Refined Petroleum Products
Metal Ores
Secondary Raw Materials & Wastes
Food Products
Beverages & Tobacco
Basic Metals & Fabricated Metal Products
Chemicals

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
ACBL
Danser Group
Ingram Marine Group
Kirby
SEACOR