The Business Research Company’s Water Transportation Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The global water transportation market expected to reach a value of nearly $767.1 billion by 2022, significantly growing at a CAGR of 8.7% during the forecast period. The growth in the water transportation market is due to population expansion, emerging countries growth and rapid urbanization.
The water transportation market consists of sales of water transportation services by entities (organizations, sole traders and partnerships) that provide water transportation of passengers and cargo using watercraft, such as ships, barges, and boats.
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Banks adopting digitization in water transportation, growth in online water transportation offering new competition for banks, alternative water transportation gaining traction among users, is the major trends witnessed in the global water transportation market.
The water transportation market is segmented into
- Deep Sea,
- Great Lakes,
- Inland Water Transportation Deep Sea Transportation,
- Coastal Transportation,
- Great Lakes Water Transportation,
- Inland Water Freight Transportation,
- Inland Water Passenger Transportation.
The present study exhibits the trends and market dynamics of the water transportation market in major countries – USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world. The report also includes the study of the current issues with consumers and various future opportunities for the market.
Some of the major key players involved in the water transportation market are A.P. Møller-Maersk, Mediterranean Shipping Company (MSC), CMA-CGM, Evergreen Marine Corporation, Nippon Yusen Kabushiki Kaisha (NYK).
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This post was originally published on The Market Plan