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Tuesday, 04 October 2022 08:26 GMT

Global Inland Waterways Vessels Market Statistics Report To 2024


(MENAFN- Ameliorate Digital Consultancy)

With increasing seaborne trading activities and rising marine passenger traffic across the globe, worldwide inland waterways vessels market is poised to exhibit substantial upswing in the coming years. Inland waterways vessels offer a reliable means of long haul, congestion-free transportation at competitive cost, which has favored their penetration on a global scale.

Global inland waterways vessels market size is anticipated to surpass USD 2,250 billion by 2024, projects Global Market Insights, Inc.

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With continuous R&D efforts by industry players, inland waterways vessels have evolved to a large extent. Incorporation of advanced navigational systems and multiple sensors, along with increasing vessel capacities is creating a conducive environment for inland waterways vessels business outlook. Fast-paced technology developments such as introduction of vessels with integrated inner and outer hulls designed to prevent spills, and vessels with advanced fleet management solution to minimize accidents are likely to bring forth promising gains for the market through 2024.

Yet another factor supporting inland waterways vessels industry trends include augmenting government support towards the industry through introduction of several port maintenance facilities and upgradation plans.

How is proliferating demand for non-passenger vessels impacting inland waterways vessels industry outlook?

Inland waterways vessels are majorly used for the transportation of industrial products and industry share from non-passenger vessels was over USD 1,385 billion in 2017. Agricultural products, in particular, are being traded through marine route across various countries, which is boosting industry demand. Inland waterways vessels market share from non-passenger vessels is likely to command over 84% revenue share by 2024.

Meanwhile, inland waterways vessels market share from passenger ships is also likely to accumulate significant gains over the forecast period, precisely at a CAGR of around 6% over 2018-2024. Growing usage of ships and yachts for recreational travel and leisure is a key factor supporting segmental growth. Government focus on strengthening the tourism sector and funding for the same is impacting market growth positively. For instance, in 2018 the Government of India allocated USD 6.7 billion for towards cruise tourism development.

What factors are fueling heavy fuel oil-based inland waterways vessels market?

Inland waterways vessels mostly operate on heavy fuel oil due to their easier availability and applicability in various types of vessels. Heavy fuel oil segment is likely to procure more than 72% share of the global market by 2024. However, with fuel preferences shifting towards more environment-friendly options, low sulfur fuel segment is likely to showcase remarkable progress at a CAGR of more than 10% over the forecast timeframe. Desirable environmental credentials attached with low sulfur fuel oil such as relatively cleaner burning and lower emission, that help to stay compliant with regulatory norms is working in favor of the segmental growth.

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What's supporting inland waterways vessels market outlook in Asia pacific?

Asia Pacific is a highly lucrative inland waterways vessels market and had procured a revenue share of more than 78% in 2017. The regional market is driven by supportive government initiatives towards the expansion of cruise tourism. The same can be validated by the procurement of 60 vessels by Inland Waterways Authority of India (IWAI) in 2016 for facilitating transportation through inland waterways. Additionally, the presence of eminent players such as Samsung Heavy Industries, Ilshin Shipping, Wisdom Marine, Hyundai Heavy Industries, and Sembcorp Marine in the continent acts an added advantage for business growth. Improving water channels paired with growing focus on integration of inland waterways transportation into logistics network is favoring inland waterways vessels industry trends in the region. For the record, in 2017 Asia pacific dominated the global landscape with 1,645 thousand units.

Partial Chapter of the Table of Content

Chapter 1 Methodology & Scope

1.1 Methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Industry Insights and validation

1.1.4 Scope, definitions, & forecast parameters

1.1.4.1 Definitions

1.1.4.2 Assumptions & forecast parameters:

1.2 Data Sources

1.2.1 Secondary

1.2.2 Secondary sources, by region

1.2.2.1 North America

1.2.2.2 Europe

1.2.2.3 Asia Pacific

1.2.2.4 Latin America

1.2.2.5 Middle East & Africa

1.2.3 Primary

Chapter 2 Executive Summary

2.1 Inland waterways vessels industry 3600 synopsis, 2013 – 2024

2.1.1 Business trends

2.1.2 Vessel trends

2.1.3 Fuel trends

2.1.4 Regional trends

Chapter 3 Inland Waterways Vessel Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013- 2024

3.3 Industry ecosystem analysis

3.3.1 Fleet manufacturers

3.3.2 Service providers

3.3.3 Profit margin trends

3.3.4 Facility providers

3.3.5 Application

3.3.6 Vendor matrix

3.4 Technology landscape

3.4.1 Design

3.4.2 Advanced outfitting

3.4.3 Product work breakdown structure

3.4.4 Zone outfitting

3.5 Pricing analysis

3.5.1 Pricing, by region

3.5.1.1 North America

3.5.1.2 Europe

3.5.1.3 Asia Pacific

3.5.1.4 Latin America

3.5.1.5 MEA

3.5.2 Cost structure analysis, 2017

3.6 Regulatory landscape

3.6.1 North America

3.6.1.1 United States Environmental Protection Agency (EPA)

3.6.1.2 Pollution prevention

3.6.2 Europe

3.6.2.1 Technical requirements

3.6.2.2 Goods transported by inland waterways

3.6.2.3 Danube River Commission

3.6.3 Asia Pacific

3.6.3.1 Ministry of Environmental Protection (MEP), General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ)

3.6.3.2 Construction and Classification of steel ships

3.6.4 LATAM

3.6.4.1 Maritime regulations, Mexico

3.6.5 MEA

3.6.5.1 Legal requirements for owning a yacht

3.6.5.2 The Dubai Maritime City Authority

3.6.5.3 South African Maritime Safety Authority

3.7 Methanol analysis

3.7.1 Introduction

3.7.2 Regulations and compliance

3.7.2.1 Emission Control Areas (ECA)

3.7.2.2 California EPA Ocean going Vessel Fuel regulation

3.7.3 Infrastructure requirements

3.7.3.1 Infrastructure cost

3.7.4 Safety and handling of methanol

3.7.5 Methanol as a marine fuel and its research initiatives

3.7.5.1 Effship (Efficient Shipping with Low Emissions) 2009 – 2013

3.7.5.2 CleanShip (Clean Baltic Sea Shipping) 2010 – 2013

3.7.5.3 SPIRETH (Alcohol Spirits and Ethers as Marine Fuel) 2011-2014

3.7.5.4 Pilot Methanol 2014 – 2015

3.7.5.5 MethaShip 2015 – 2017

3.7.6 Technology evolution

3.7.7 Factors considered for methanol readiness

3.7.7.1 Engine technology

3.7.7.2 Heating of fuel

3.7.7.3 Fuel separators

3.7.7.4 Piping

3.7.7.5 Safety

3.7.7.6 Bunkering

3.7.7.7 Terminals

3.7.8 Future trends

3.7.8.1 Policy and regulatory

3.7.8.1.1 Barriers

3.7.8.1.2 Potential

3.7.8.2 Technical

3.7.8.2.1 Barriers

3.7.8.2.2 Potential

3.7.8.3 Commercial

3.7.8.3.1 Barriers

3.7.8.3.2 Potential

3.8 Standard range for the vessel size

3.8.1 Passenger Ships

3.8.2 Non-passenger vessels

3.8.2.1 Freight vessels

3.8.3 Tugboats

3.8.4 Workboats

3.9 Inland waterways vessels analysis

3.9.1 Fuel used

3.9.2 Bunker fuels

3.9.3 Ports, by region

3.9.3.1 North America

3.9.3.2 Europe

3.9.3.3 Asia Pacific

3.9.3.4 Latin America

3.9.3.5 Middle East & Africa

3.10 Total number of vessels by country, 2017

3.11 Industry impact forces

3.11.1 Growth drivers

3.11.1.1 North America

3.11.1.1.1 Increasing trading activities

3.11.1.2 Europe

3.11.1.2.1 Rising marine passenger traffic in Europe

3.11.1.3 Asia Pacific

3.11.1.3.1 Increasing shipbuilding activities

3.11.1.4 LATAM

3.11.1.4.1 Development of ports

3.11.1.5 MEA

3.11.1.5.1 Government initiatives

3.11.2 Industry pitfalls & challenges

3.11.2.1 Infrastructure completion risk

3.12 Innovation & sustainability

3.12.1 Remote control and automation

3.12.2 Adoption of sensors and systematic monitoring

3.12.3 Advanced modelling and simulation tools

3.13 Porter's analysis

3.14 Growth potential analysis

3.15 Competitive landscape, 2017

3.15.1 Company market share, 2017

3.15.2 Strategy dashboard

3.16 PESTEL analysis

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