San Francisco, California, Nov 26, 2018: TMR Research has recently added a report to its vast repository, titled, “Inland Waterways Vessels Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028.” According to report, the global market for inland waterways vessels likely to register significant growth on account of increasing trade across the globe.
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The global inland waterways vessels market is expected to upsurge due its higher capacity as compare to road transportation and also economical as it consume very less fuel, this can be one of key factor supporting growth of this market in near future. As the inland waterways transportation have excellent mode of transportation. This can be another factor propelling growth of this market at global level. This mode of the transportation also helps in reducing road congestion, this can be other factor augmenting growth of the global market for inland waterways vessels. In addition, government support to upgrade and modernization of port likely to influence growth of this market at global level. Also, strict regulation to maintain the standard for making the ship fit for operation are likely to drive growth of this market in near future.
In contrast, the high cost involve in maintaining and purchasing of the ship likely to restrain growth of the global inland waterways vessels market. Time taking delivery and stringent rule and regulation, change in weather are some of important factor negatively impacting growth of this market.
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The global market for inland waterways vessels market is segmented on the basis of vessel, fuel and region. Among these, non-passenger vessels holds significant market share in the global inland waterways vessels market on account of volume. Regionally, the global market for inland is segmented into Asia Pacific and North America. Among these, Asia Pacific Likely to dominate the global inland waterways vessels market.
The prominent players operating in the global market for inland waterways vessels market includes Viking, Sanmar, CMA CGM Group and European Cruise Service.