Inland Vessel Market to Reach $2,500.40 Bn, Globally, by 2030 at 3.9% CAGR: Allied Market Research

Surge in demand for cargo transportation by ships and advancements in technologies for boats and boat engines fuel the growth of the global inland vessel market

PORTLAND, Ore., Sept. 14, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Inland Vessel Market by Vessel Type (Passenger Vessel and Non-Passenger Vessel), Fuel Type (LNG, Diesel Oil, Heavy Fuel Oil, and Others) and Application (Oil Tankers, Bulk Carriers, General Cargo Ships, Container Ships, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global inland vessel industry generated $1,698.24 billion in 2020, and is estimated to reach $2,500.40 billion by 2030, witnessing a CAGR of 3.9% from 2021 to 2030.

Drivers, restraints, and opportunities

Rise in demand for cargo transportation through ships, surge in trade-related agreements, and technological advancements in boats and boat engines drive the growth of the global inland vessel market. However, fluctuations in transportation & inventory costs and environmental concerns related to recreational boating hinder the market growth. On the other hand, trend of automation in marine transportation and surge in marine safety norms present opportunities in the coming years.

Download Report (246 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/13457

Covid-19 Scenario

• Owing to considerable impact on supply chains globally, there has been huge losses incurred by boats and engine manufacturing companies during the first & second quarter of 2020. This led to reduced business revenue during the period.
• Ban on cargo and container transportation activities in many countries led to reduced demand for inland vessels during the lockdown. However, the ban has been uplifted during the post-lockdown and activities would increase.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/13457

The non-passenger vessel segment to continue its lead position during the forecast period

Based on vessel type, the non-passenger vessel segment accounted for the highest share in 2020, contributing to nearly 93% of the global inland vessel market, and is expected to continue its lead position during the forecast period. Moreover, this segment is estimated to manifest the largest CAGR of 4.0% from 2021 to 2030. This is due to increased trade & transportation activities through ships across the globe. The research also analyzes the passenger vessel segment.

The bulk carriers segment to continue its leadership position throughout the forecast period

Based on application, the bulk carriers segment held the largest share in 2020, accounting for more than one-third of the global inland vessel market, and is expected to continue its leadership position throughout the forecast period. This is due to its ability to carry a large amount of cargo from one location to another. However, the general cargo ships segment is projected to portray the fastest CAGR of 6.6% from 2021 to 2030. This is attributed to safer & securer mean of transportation of goods than others.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/13457

Asia-Pacific, followed by Europe and North America, to maintain its dominance by 2030

Based on region, Asia-Pacific, followed by Europe and North America, contributed to the highest market share in 2020, holding more than two-fifths of the global inland vessel market, and is estimated to maintain its dominance in terms of revenue by 2030. This is due to increased transportation activities carried out by Asian countries to different parts of the globe. However, LAMEA is projected to register the largest CAGR of 6.5% during the forecast period, owing to increase in investments by vessel manufacturers across LAMEA countries.

Leading market players

• Alnmaritec Ltd.
• Groupe Beneteau
• CMA CGM Group
• Damen Shipyards Group
• EURO-RIJN B.V.
• Hodder Tugboat Co. Ltd.
• DSME
• Viking Shipping
• SANMAR
• Windcat Workboats BV

Schedule a FREE Consultation Call with Our Analysts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/13457

Similar Reports We Have Related To Automotive Industry:

Tanker Cargo Ship Market by Product (Organic Chemicals, Inorganic Chemicals, Vegetable Oils & Fats, and Others), Route (Inland, Coastal, and Deep Sea), and Cargo Type (IMO I, IMO II, and IMO III): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Shipping Container Market by Container Size (Small Container (20 feet), Large Container (40 feet), and High Cube Container (40 feet)),Product Type (Dry Storage Container, Flat Rack Container, Refrigerated Container, Special Purpose Container, and Others),and End Use(Food & Beverages, Consumer Goods, Healthcare, Industrial Products, Vehicle Transport, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Container Market by Container Size (Small Containers, Large Containers, High Cube Containers), by Product Type (Dry Storage Containers, Flat Rack Containers, Refrigerated Containers, Special Purpose Containers, and Others), and End Use (Food & Beverages, Consumer Goods, Healthcare, Industrial Products, Vehicle Transport, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Reefer Container Market by End User (Food & Beverage, Pharmaceutical, Oil & Gas, Chemicals, Military & Defense, and Others), Offering (Hardware, Software, and Service), Technology (GPS, Cellular, Long Range Wide Area Network, Bluetooth Low Energy (BLE), and Others), and Refer (10GP, 20GP, 40GP, 40HQ, 45HQ): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Container Handling Equipment Market by Equipment Type (Forklift Truck, Stacking Crane, Mobile Harbor Crane, and Rubber Tiered Gantry Crane), Propulsion Type (Diesel, and Electric & Hybrid), and Handling (Automatic, and Manual): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Digital Freight Forwarding Market by Mode of Transport (Land, Sea, and Air), Function (Warehouse Management, and Transportation Management), Deployment Mode (Cloud and On-Premises), and Vertical (Retail & E-Commerce, Manufacturing, Pharmaceuticals & Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

Follow Us on | Facebook | Twitter | LinkedIn |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg