Scope of the Study
A type of boat that is mainly used for transporting cargo is said to be a ‘Barge’. Work barges are not something like independent boats instead they are like floating boats which are generally towed or tugged along with other ships or boats. It has a flat-shaped bottom, similar to that of a raft. The main reason for having this shaped bottom is for ensuring that the cargo-carrying capacity of the work barge is enhanced and more bulk of materials can be put onto it and transferred easily. Work barges have been in the world before the industrial revolution. Before the Industrial Revolution in Europe, the marine barges were used for transportation to ship cargo across various places that were connected by small water bodies. However now days work barges can still be seen and used because of the evolution and utility of these barges.
The market study is being classified by Type (Dry Bulk Cargo, Liquid Cargo, Car-Float, Power, Deck and Construction and Others), by Application (Carrying cargo, Transportation and Others) and major geographies with country level break-up.
Alumarine Shipyard (France), Arya Shipyard (Turkey), Construcciones Navales Del Norte (Spain), Damen (Netherlands), Donjon Marine Co Inc (United States), Greenbay marine (Finland), HYUNDAI MIPO DOCKYARD (South Korea), Mavi Deniz (Turkey), Meyer Turku (Finland), Nichols Bros Boat Builders (United States), Piriou (France), MERRÉ (France) and Veecraft Marine (South Africa) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are DEARSAN SHIPYARD (Turkey), Estaleiros Navais de Peniche (Portugal) and Raidco Marine (France).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Manufacturers will contribute to the maximum growth of Global Work Barges market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Work Barges market by Type, Application and Region.
On the basis of geography, the market of Work Barges has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- An Increase in the Investments on the Development of Small Ports and Canal Systems across the Globe Will Drive the Work Barges Market
- Growth in the Demand for Petrochemical and Crude Oil Shipments Along With an Improving Quality of Waterways Will Mark the Growth of Work Barges Market
- Growing Adoption of Intermodal Transportation Services across Various Industries Will Fuel the Growth of the Work Barges Market
- Increase in the Popularity of Barges for Transporting Bulk Products across Countries Will Directly Influence the Growth of the Market
- Severe Regulations Associated with Waterways Set by Government
- Concern Related to Environmental Conditions with Respect to Marine Transportation is a Restraining Factor for the Market
- The Growing Focus of Manufacturers on Modernizing the Existing Product which will improve the Productivity of the Work Barges Market.
- Growth in Various Technologies Such As Internet of Things (IoT) and Automation
- Lack of Awareness about Work Barges and its Functionalities
- High Costs Associated With the Shipments Done Through the Work Barges
India has enacted the Indian Carriage of Goods by Sea Act 1925(COGSA), which primarily governs the maritime law of India relating to the carriage of goods by sea. The COGSA has substantially adopted the Hague Rules subject to some notifications. The COGSA was amended in 1993 by the Multimodal Transportation of Goods Act 1993(MTOGA) to give effect to the amendments to the Hague Rules, more particularly the Hague-Visby Rules and SDR Protocol, by the Protocol signed at Brussels in 1968 and 1979. Other legislation that may apply in relation to cargo claims includes the Indian Bills of Landing Act 1856, Major Port Trusts Act 1963, Marine Insurance Act 1963, Indian Contract Act 1872, Sale of Goods Act 1930, Indian Penal Code 1860, Transfer of Property Act 1882 and MSA.
Key Target AudienceManufacturers of Work Barges, Suppliers of Work Barges, Marine Industry, Regulatory Bodies and Governmental Bodies
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