The Inland Water Passenger Transport Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Inland Water Passenger Transport Global Market Report 2024, The inland water passenger transport market size has grown strongly in recent years. It will grow from $1.85 billion in 2023 to $2.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to infrastructure development, economic growth and urbanization, environmental considerations, government initiatives and policies, congestion alleviation.
The inland water passenger transport market size is expected to see strong growth in the next few years. It will grow to $2.73 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to modal shift for sustainable transportation, integrated transport systems, tourism industry growth, climate change mitigation strategies, technological innovations (excluding). Major trends in the forecast period include market liberalization and deregulation, technological advancements, changing consumer preferences, global economic trends, pandemic impacts and resilience.
The rising use of boats through inland waterways as a means of providing sightseeing services is expected to drive the inland waterway passenger transport market. There are many places, such as the Mine Bay Rock Carvings in New Zealand, Horizontal Falls in Australia, AgiaRoumeli in Greece, and others, that are not accessible by roads but only through waterways, generating higher demand for inland waterway passenger transport services. According to Voices navigable de France, the French navigation authority, sightseeing vessels carried 11 million passengers and employed 1,440 people in France. Hence, an increase in the use of boats on inland waterways for sightseeing is boosting the inland waterway passenger transport market.
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The inland water passenger transport market covered in this report is segmented –
1) Inland Water Passenger Transport Market By Passenger Transportation Type: Canal Passenger Transportation, Intercostal Transportation Of Passengers, Lake Passenger Transportation, Water Shuttle Services, River Passenger Transportation, Ship Chartering With Crew, Water Taxi Services
2) Inland Water Passenger Transport Market By Mode: Cruise Ships, Cargo-Passenger Ship, Ferry Ships, Other Modes
3) Inland Water Passenger Transport Market By Application: Supply Chain, Distribution, End Customers
Major companies operating in the inland water passenger transport market are developing autonomous waterway transportation system to optimize the transportation process. An autonomous waterway transportation system refers to a system that uses artificial intelligence (AI) and other advanced technologies to optimize the transportation process, reduce fuel consumption, and improve safety in inland water transport. For instance, in 2021, Chen et al. proposed an implementable architecture of an inland autonomous waterway transportation system that uses AI to optimize the transportation process. The system uses a combination of AI, big data, and the Internet of Things (IoT) to optimize the transportation process, reduce fuel consumption, and improve safety. The system includes a control center, a communication network, a navigation system, and a transportation system.
The inland water passenger transport market report table of contents includes:
1. Executive Summary
2. Inland Water Passenger Transport Market Characteristics
3. Inland Water Passenger Transport Market Trends And Strategies
4. Inland Water Passenger Transport Market - Macro Economic Scenario
5. Global Inland Water Passenger Transport Market Size and Growth
.....
32. Global Inland Water Passenger Transport Market Competitive Benchmarking
33. Global Inland Water Passenger Transport Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Inland Water Passenger Transport Market
35. Inland Water Passenger Transport Market Future Outlook and Potential Analysis
36. Appendix
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The Business Research Company’s latest report Inland Water Transport Global Market Report 2020 covers Inland Water Transport market drivers, Inland Water Transport market trends, Inland Water Transport market segments, Inland Water Transport market growth rate, Inland Water Transport market major players, and Inland Water Transport market size.
The report provides in-depth analysis of the impact of COVID-19 on the Inland Water Transport industry, along with revised market numbers due to the effects of the coronavirus.View Complete Report: https://www.thebusinessresearchcompany.com/report/inland-water-transport-global-market-report-2020-30-covid-19-impact-and-recoveryInland Water Transport Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global inland water transport market is expected to decline from $19.6 billion in 2019 to $18.6 billion in 2020 at a compound annual growth rate (CAGR) of -5%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $20.9 billion in 2023.Request For The Sample Now: https://www.thebusinessresearchcompany.com/sample.aspx?id=2952=smpThe report covers the inland water transport market’s segments- by type: inland water freight transport, inland water passenger transport.About The Business Research Company: The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research.
