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Dublin, July 17, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/l27kfp/barge) has announced the addition of the "Barge Transportation Market in the US 2015-2019" report to their offering.
This report covers the present scenario and the growth prospects of the Barge Transportation market in the US for 2015-2019. To calculate the market size, it considers the volume of trade conducted through different types of barges. It presents an in-depth analysis of different types of barges used in the market and products transported through barges.
Rise in investment for construction of new tank barges has propelled the growth of the market. Increased crude oil production in the US has surged demand for the usage of tank barges through inland waterway transportation. Many vendors in the market have started to provide shipping services for transportation of liquid-bulk cargo.
According to the report, one of the main drivers in the Barge Transportation market in the US is increased production of domestic crude oil in the US. Growth of the Crude Oil market in the US because of development of oil rigs has surged demand for transportation of these crude oils to refineries through tank barges.
Further, the report states that the capital-intensive nature of barge transportation services is one of the major challenges hindering its growth. The manufacturing and maintenance of barges require huge capital investment. Also, the high operational cost of barges leads to an increase in the CAPEX of companies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The Barge Transportation market in the US is segmented as follows according to type of barge fleets available in the market:
The Barge Transportation market in the US is segmented as follows according to the type of products transported through different barges:
Other Prominent Vendors
For more information visit http://www.researchandmarkets.com/research/l27kfp/barge
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