Recent oil discoveries in Venezuela and West African countries coupled with increasing investments pertaining to the development of small ports and canal systems have fuelled the barge market globally. Many leading barge manufacturers have achieved record earnings driven primarily by strong marine fuel sales. Barge manufacturing companies are revamping their barge facilities to add more production slots. Today numerous shipping companies maintain a fleet of barges for moving materials of varying sizes from large ships.
 
Segmentation of the barge market can be done on the basis of technology, applications and geography based on both manufacturing facility and end user locations. Depending upon the technology employed, barges may be classified as unpowered or powered barges. The unpowered barges move according to the water current or use a tugboat to drag it across the water channels. In this case both the first mate and the captain remain in the tugboats, as the tugboat provides power and steers the barge. On the other hand powered barges are self propelled and do not require a tug boat’s assistance. On self propelled barges the captain and the first mate are on the barge itself. 
 
Although power barges are costlier than their counterparts but they act as a faster mode of transportation. Power barges are moored in the harbors and may have a self contained step-up transformer. Gas turbines or diesel is used for the start-up operations. Some recently built power ships are fitted with used reciprocating engines and a large bore dual fuel diesel engine that runs on heavy oil. According to the application areas, barges are classified as dry bulk cargo barge, liquid cargo barge, jack up barge, hopper barge, paddle barge, crane barge, splitz barge, and others. Barges are used today for transporting low-value bulk items, as the cost of hauling goods using a barge is very low. The barges may also vary in size according to the size of the cargo they carry.
 
Regional segmentation of the overall barge market can be done based on both manufacturing facility and end user locations. Some key barge manufacturing regions are the North America (United States), Europe (Denmark, Germany, Netherlands, Poland, United Kingdom, Russia, and Norway), Asia Pacific (China, Thailand and Australia) and Rest of the World (Brazil, Venezuela and South Africa). End user countries include the North America (United States, Canada and Mexico), Europe (Russia, India, and Japan), Middle East and Africa (MEA) and Rest of the World (Venezuela).
 
Cheap transportation costs, heavy dependence on crude oil, easy inland transportation, large carrying capacities and versatility (in terms of cargo carried) are some of the factors likely to drive growth in the barge market. Self-propelled barges are costlier, while non powered barges are slower which may prove to be a restraint to the barge market. New oil discoveries, increase in size of ships and construction of new smaller ports has made it difficult for the ships to enter into these ports, hence bolstering the opportunities for the barge market.
 
The Barge market is fragmented in nature, with several small companies and private barge owners competing for market share. Some key players in the barge manufacturing market are Kirby Freeport, Marine systems Included, Greenbrier Company, Ingram Barge Company, Bowcrest Marine, KBH Marine Industry Sdn.Bhd, Navios South American Logistics Inc., and Ultrapetrol Limited and others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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