Global Barge Transportation Market Report 2023-2028: Trends, Demand, Opportunities, Key Players [Yahoo! Finance]
Kirby Corporation (KEX)
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Source: Yahoo! Finance
The global barge transportation market continues to flourish, with expectations for it to reach a noteworthy valuation of US$ 154.6 billion by 2028. Demonstrating a steady growth at a CAGR of 3.4% from 2022-2028, the market reflects a resilient trajectory owing to several key drivers. As reported in this research report, the market which stood at US$ 126.5 billion in 2022, is on an upward trend driven by various influencing factors. Barging ahead with efficiency and environmental benefits, barge transport is increasingly becoming the transport mode of choice for heavy and bulk commodities. This comprehensive report analyzes the market dynamics, segmenting the findings by type of cargo, such as dry, liquid, and gaseous; the barge fleet consisting of open, covered, and tank barges; applications including transportation of coal, crude petroleum, and agricultural products; and delineating activities between intracoastal and inland water transportation. Dynamic Market Trends Several
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