Europe Inland Water Freight Transport Market Size

Europe Inland Water Freight Transport Market Analysis

The size of Europe Inland Water Freight Transport Market is USD 10.2 billion in the current year and is anticipated to register a CAGR of over 5% during the forecast period.

• The inland water freight transportation market comprises of companies (organizations, sole proprietors, and partnerships) that offer inland water freight transportation of cargo on lakes, rivers, or intracoastal waterways. Only items and services that are exchanged between parties or sold to final customers are covered.
• For the transportation of products in Europe, inland waterway travel is essential. Hundreds of cities and industrial areas are connected by more than 37,000 kilometres of waterways. A network of waterways connects 13 Member States. It is possible for inland waterway transportation to increase its modal share significantly. Inland waterway transportation is distinguished from other means of transportation by its dependability, energy efficiency, and significant capacity for greater exploitation. These other routes of transportation are frequently plagued by congestion and capacity issues.
• A cost-effective alternative to road and rail transportation is inland canal transportation. In terms of energy usage and noise emissions, it offers a particularly eco-friendly solution. It uses around 17% less energy per km/ton of freight than road transport and 50% less than rail transport. A high level of safety is also guaranteed by inland waterway transportation, particularly when it comes to the delivery of hazardous materials. In densely populated areas, it also helps to relieve overcrowded road networks of traffic.