Boston, MA -- (SBWIRE) -- 01/03/2017 -- The inland waterway transportation system in the US is one of the world's most efficient transportation systems with a network of interconnected rivers and canals. Over 1 billion short tons of cargo are moved annually, which makes it a vital part of the US cargo transportation system. Barge transportation is the most efficient and safest means of transporting bulk commodities when compared to railroads and trucks. A barge is a flat-bottomed boat used to transport dry and liquid-bulk cargo through inland waterways. The capacity of barges to carry cargo is greater than rail cars, trucks, and semi-trailers, making it a very cost-effective mode of transportation. The cargo capacity of an average inland tank barge is equivalent to more than 40 railroad tank cars or 140 tractor-trailer tank trucks. Barges are non-mechanical and are propelled using a towboat or any other similar vessel. However, self-propelled barges are also gaining traction in the market.

Technavio's analysts forecast the barge transportation market in the US to grow at a CAGR of 1.39% during the period 2017-2021.

Get More Details on this Report and a Full Table of Contents at Barge Transportation Market in the US 2017-2021

Covered in this report

The report covers the present scenario and the growth prospects of the barge transportation market in the US for 2017-2021. To calculate the market size, the report considers the volume of trade carried through different types of barges. It presents an in-depth analysis of different types of barges used in the market and products transported in them.

Technavio's report, Barge Transportation Market in the US 2017-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-ACBL
-Ingram Marine
-Kirby
-SEACOR

Other prominent vendors

-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
-McAllister Towing and
-Transportation

Market driver

-Growth in US petrochemical industry
-For a full, detailed list, view our report

Market challenge

-Capital-intensive business and high cost of maintenance
-For a full, detailed list, view our report

Market trend

-Construction of new tank barges and tugboats
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: ACBL, Ingram Marine, Kirby, SEACOR, 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, McAllister Towing and Transportation

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