US Barge Transportation Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Type (Liquid Cargo, Gaseous Cargo, and Dry Cargo), Barge Fleet (Covered Barge, Open Barge, and Tank Barge), and Application (Coal, Petroleum Products, Chemicals, Metal Products, Food Products, and Others)

Code: TIPRE00028940 | Pages: 150 | Industry: Automotive and Transportation | Date: Apr 2022
Covid

The US barge transportation market is expected to grow from US$ 25,171.36 million in 2021 to US$ 39,883.44 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028.

Due to increased local and international trade of metal ores in US, metal ore transportation is expected to account for a significant share of the cargo industry operations throughout the forecast period. The US is one of the world's leading exporters of metal ores. Furthermore, the demand for metal ores is boosted by increased automotive sales and construction activities. According to the US International Trade Commission (USITC) report, the value of domestic mineral and metal exports in the US reached $ 108 billion in 2021, registering an annual growth of US $ 8.2 billion from the previous year 2020 Exports of unprocessed and refined gold, precious metals and non-numismatic coins, steel mill products, ferrous scrap, copper, unwrought aluminum, and zinc ore and concentrates have increased. Moreover, mineral and metal imports in the US to reach US $ 200.1 billion in 2021. Imports of steel mill goods, precious metals, unwrought aluminum and aluminum mill products, copper and associated items, and ferroalloys reported the biggest nominal surge. Such increase in import and export activities favors the growth of the US barge transportation market.

The San Diego Association of Governments (SANDAG) lays the groundwork for major transportation reforms in US. The objective is to make the transportation system more sustainable, accessible, economical, and safe while offering locals alternatives to single-occupancy vehicle trips. These factors are supporting the growth of the US barge transportation market.

Impact of COVID-19 Pandemic on US Barge Transportation Market

According to the Organization for Economic Cooperation and Development (OECD), ports in the US experienced a 7.3% drop in container volumes in the first few months of 2020 due to the shutdown of different activities across key markets. However, the US barge transportation market has coped well with the short-term disruptions caused by the pandemic. A grain supply chain in the country continued to operate irrespective of the COVID-19 pandemic, through more than 12,000 miles of marine highways into ports on the Gulf of Mexico. The US Army Corps of Engineers continued to conduct business while keeping an eye on their operations to ensure the safety of their employees.

Market Insight – Growing demand for Cost-Effective Transportation Drives Market Growth

Being a cost-effective option, barges are largely used to transport dry cargo, such as agricultural products. Sea transport enables the shipment of big volumes at a lower cost than other modes of transportation. Digital technology is being used by transit and transportation organizations around the US to boost throughput, improve security, and provide a better customer experience. Transportation authorities are forming public–private partnerships to propel multimodal transportation, autonomous and connected car technologies, mileage-based pricing systems, and other initiatives. Thus, rising demand for cargo transportation is the main factors boosting the demand for barge transportation in cargo logistics in the US.

Type Segment Insights

Based on type, the US barge transportation market is segmented into liquid cargo, gaseous cargo, and dry cargo. The dry cargo segment is accounted for a major share in the market in the year 2021. Moreover, it is expected to register the fastest CAGR during the forecast period. The growth of the dry cargo is attributed to the rising demands to transport grain, steel, cement, fertilizer, coal, and various bulk commodity products. The US has a few of the most prominent companies with a substantial market position in the domestic inland barge dry cargo industry that own and operate a significantly large dry barge fleets.

Barge Transportation Market, by Type (% share)

Barge Transportation Market, by Type (% share)

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Note: The outer circle represents the market size for 2028, and the inner circle represents the market size for 2021.

Barge Fleet Segment Insights

Based on the barge fleet, the US barge transportation market is segmented into the covered barge, open barge, and tank barge. The open barge segment accounted for a major share in the US barge transportation market in the year 2021. The market for the covered barges segment is anticipated to grow at the fastest CAGR during the forecast period.

Application Segment Insights

Based on application, the US barge transportation market is categorized into coal, petroleum products, chemicals, metal products, food products, and others. The food products segment accounted for a major share in the market in the year 2021. The petroleum products segment is expected to register the highest CAGR during the forecast period. Foodgrain, corn, and soybeans also account for a major share of the US barge transportation market.

Strategic Insights

Companies operating in the US barge transportation market focus on strategies such as mergers and acquisitions and market initiatives to maintain their market positions. A few of the notable developments by key players are listed below:

In April 2020, Kirby Corporation announced that it has completed the acquisition of Savage Inland Marine’s inland barge fleet. In the inland tank barge transportation sector in the United States, Savage is a tank barge and towboat operator. The Savage tank barge fleet has 90 inland tank barges with a capacity of 2.5 million barrels and 46 inland towboats.
In April 2022, Campbell Transportation Company, Inc. (CTC) acquired the marine assets of E Squared Marine Service, LLC, a Houston-based tank barge shipping company. Campbell's tank barge activities will be significantly expanded due to this acquisition, which will provide an operational and fleeting site in Houston.

The report segments the US barge transportation market as follows:

The US barge transportation market analysis on the basis of type is divided into liquid cargo, gaseous cargo, and dry cargo. Based on barge fleet, the US barge transportation market is segmented into covered barge, open barge, and tank barge. In terms of application, the US barge transportation market is categorized into coal, petroleum products, chemicals, metal products, food products, and others.

US Barge Transportation Market – Company Profiles

  • Alter Logistics
  • American Commercial Barge Line
  • Bouchard Transportation Co., Inc.
  • Campbell Transportation Company, Inc.
  • Heartland Barge
  • Ingram Marine Group
  • Kirby Corporation
  • Livingston International
  • Mcallister Towing and Transportation Co., Inc.
  • Blessey Marine Services, Inc.

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        United States Barge Transportation Market - By Type

1.3.2        United States Barge Transportation Market - By Barge Fleet

1.3.3        United States Barge Transportation Market - By Application

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           US Barge Transportation Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        US - PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           US Barge Transportation Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Growing Demand for Cost-effective Transportation

5.1.2        Increasing Trade of Metal Ores

5.2         Market Restraints

5.2.1        High Operating Cost of Barge Transportation

5.3         Market Opportunities

5.3.1        Rise in Investments by the US Government to Improve Infrastructure

5.4         Future Trends

5.4.1        Rising Demand for Green Transport

5.5         Impact Analysis of Drivers and Restraints

6.           US Barge Transportation Market – US Analysis

6.1         US Barge Transportation Market Forecast and Analysis

6.2         Market Positioning –Top 5 Players

7.           US Barge Transportation Market Revenue and Forecast to 2028 – Type

7.1         Overview

7.2         US Barge Transportation Market, By Type (2020 and 2028)

7.3         Liquid Cargo

7.3.1        Overview

7.3.2        Liquid Cargo: US Barge Transportation Market Revenue and Forecast To 2028 (US$ Million)

7.4         Gaseous Cargo

7.4.1        Overview

7.4.2        Gaseous Cargo: US Barge Transportation Market Revenue and Forecast To 2028 (US$ Million)

7.5         Dry Cargo

7.5.1        Overview

7.5.2        Dry Cargo: US Barge Transportation Market Revenue and Forecast To 2028 (US$ Million)

8.           US Barge Transportation Market Revenue and Forecast to 2028 – Barge Fleet

8.1         Overview

8.2         US Barge Transportation Market, By Barge Fleet (2021 and 2028)

8.3         Covered Barge

8.3.1        Overview

8.3.2        Covered Barge: US Barge Transportation Market Revenue and Forecast To 2028 (US$ Million)

8.4         Open Barge

8.4.1        Overview

8.4.2        Open Barge: US Barge Transportation Market Revenue and Forecast To 2028 (US$ Million)

8.5         Tank Barge

8.5.1        Overview

8.5.2        Tank Barge: US Barge Transportation Market Revenue and Forecast To 2028 (US$ Million)

9.           US Barge Transportation Market Revenue and Forecast to 2028 – Application

9.1         Overview

9.2         US Barge Transportation Market, By Application (2021 and 2028)

9.3         Coal

9.3.1        Overview

9.3.2        Coal: US Barge Transportation Market Revenue and Forecast To 2028 (US$ Million)

9.4         Petroleum Products

9.4.1        Overview

9.4.2        Petroleum Products: US Barge Transportation Market Revenue and Forecast To 2028 (US$ Million)

9.5         Chemicals

9.5.1        Overview

9.5.2        Chemicals: US Barge Transportation Market Revenue and Forecast To 2028 (US$ Million)

9.6         Metal Products

9.6.1        Overview

9.6.2        Metal Products: US Barge Transportation Market Revenue and Forecast To 2028 (US$ Million)

9.7         Food Products

9.7.1        Overview

9.7.2        Food Products: US Barge Transportation Market Revenue and Forecast To 2028 (US$ Million)

9.8         Others

9.8.1        Overview

9.8.2        Others: US Barge Transportation Market Revenue and Forecast To 2028 (US$ Million)

10.        Impact of COVID-19 Pandemic on US Barge Transportation Market

10.1      US: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Market Initiative

11.2      Merger and Acquisition

12.        Company Profiles

12.1      American Commercial Barge Line

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Alter Logistics Company

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      LIVINGSTON INTERNATIONAL

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Campbell Transportation Company, Inc

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Heartland Barge

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Ingram Marine Group

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Kirby Corporation

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Blessey Marine Services, Inc.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      McAllister Towing and Transportation Co., Inc

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Bouchard Transportation Co., Inc (Centerline Logistics Corporation)

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary of Terms

 


LIST OF TABLES

Table 1.             US Barge Transportation Market Revenue and Forecasts to 2028 (US$ Million)

Table 2.             US Barge Transportation Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             US Barge Transportation Market, By Barge Fleet – Revenue and Forecast to 2028 (US$ Million)

Table 4.             US Barge Transportation Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Glossary of Term: US Barge Transportation Market

 


LIST OF FIGURES

Figure 1.           US Barge Transportation Market Segmentation

Figure 2.           US Barge Transportation Market Overview

Figure 3.           Dry Cargo Segment Held the Largest Market Share in 2021 – By Type

Figure 4.           Open Barge Segment Held the Largest Market Share in 2021 – By Barge Fleet

Figure 5.           Food Products Segment Held the Largest Market Share in 2021 – By Application

Figure 6.           US - PEST Analysis

Figure 7.           US Barge Transportation Market– Ecosystem Analysis

Figure 8.           Expert Opinions

Figure 9.           US Barge Transportation Market: Impact Analysis of Drivers and Restraints

Figure 10.        US Barge Transportation Market Forecast and Analysis to 2028, US$ Million

Figure 11.        US Barge Transportation Market, By Type (2021 and 2028)

Figure 12.        Liquid Cargo: US Barge Transportation Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Gaseous Cargo: US Barge Transportation Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Dry Cargo: US Barge Transportation Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        US Barge Transportation Market, By Barge Fleet (2021 and 2028)

Figure 16.        Covered Barge: US Barge Transportation Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Open Barge: US Barge Transportation Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Tank Barge: US Barge Transportation Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        US Barge Transportation Market, By Application (2021 and 2028)

Figure 20.        Coal: US Barge Transportation Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Petroleum Products: US Barge Transportation Market Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Chemicals: US Barge Transportation Market Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Metal Products: US Barge Transportation Market Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Food Products: US Barge Transportation Market Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Others: US Barge Transportation Market Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Impact of Covid-19 Pandemic in US Market

  1. Alter Logistics
  2. American Commercial Barge Line
  3. Bouchard Transportation Co., Inc
  4. Campbell Transportation Company, Inc
  5. Heartland Barge
  6. Ingram Marine Group
  7. Kirby Corporation
  8. Livingston International
  9. Mcallister Towing And Transportation Co., Inc
  10. Blessey Marine Services, Inc.
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