Dublin, March 30, 2021 (GLOBE NEWSWIRE) -- The "Water Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The global water transport market is expected to grow from $486.47 billion in 2020 to $507.44 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%.
Water Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global water transport market as it emerges from the COVID-19 shut down.
Major companies in the water transport market include A. P. Moller-Maersk; Mediterranean Shipping Company (MSC); CMA-CGM; Evergreen Marine Corporation and Nippon Yusen Kabushiki Kaisha (NYK).
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $611.02 billion in 2025 at a CAGR of 5%.
The water transport market consists of sales of water transportation services and related goods by entities (organizations, sole traders and partnerships) that provide water transportation of passengers and cargo using watercraft, such as ships, barges, and boats. The water transport market is segmented into deep sea, coastal, and great lakes and inland water transport.
Asia Pacific was the largest region in the global water transport market, accounting for 45% of the market in 2020. Western Europe was the second largest region accounting for 32% of the global water transport market. Africa was the smallest region in the global water transport market.
Water transportation service companies are increasingly using sensor technologies to enable monitoring of remote locations of ships. A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any one of a number of other environmental phenomena present in the ship. Sensors in remote locations of ships collect data autonomously and relay the data to the control room in real-time.
The data captured by the sensor allows shipowners to improve overall maintenance cycle of visits, including condition monitoring and condition-based monitoring. For instance, NoraSens and Silicon Radar are some of the companies manufacturing sensors for ships.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Water Transport Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Water Transport Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Water Transport Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Water Transport Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Water Transport Market Trends and Strategies
8. Impact of COVID-19 on Water Transport
9. Water Transport Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Water Transport Market Regional Analysis
10.1. Global Water Transport Market, 2020, by Region, Value ($ Billion)
10.2. Global Water Transport Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Water Transport Market, Growth and Market Share Comparison, by Region
11. Water Transport Market Segmentation
11.1. Global Water Transport Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Deep Sea, Coastal, and Great Lakes
- Inland Water Transport
12. Water Transport Market Segments
12.1. Global Deep Sea, Coastal, and Great Lakes Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Deep Sea Transport; Coastal and Great Lakes Transport
12.2. Global Inland Water Transport Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Inland Water Freight Transport; Inland Water Passenger Transport
13. Water Transport Market Metrics
13.1. Water Transport Market Size, Percentage of GDP, 2015-2025, Global
13.2. Per Capita Average Water Transport Market Expenditure, 2015-2025, Global
Companies Mentioned
- A.P. Moller-Maersk
- Mediterranean Shipping Company (MSC)
- CMA-CGM
- Evergreen Marine Corporation
- Nippon Yusen Kabushiki Kaisha (NYK)
For more information about this report visit https://www.researchandmarkets.com/r/r4uy0a