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Europe Inland Waterways Vessel Market to grow at
over 9% CAGR from 2017 to 2024: Global Market
The Latest Research Report on “Europe Inland Waterways Vessel Market”, Europe
inland waterways vessel market share will exhibit over 9% CAGR during 2017 to
2024. Increasing freight transportation through waterways and rising marine
passenger traffic led by regular upgradation of the fleet are driving industry demand.
More than 37,000 km of inland waterways in region connects thousands of cities and
industrial area particularly in Western Europe. Availability of transshipment facilities,
link with sea ports, connection between river basins and well equipped inland ports
will positively support the revenue generation. Inland Waterways Vessel Market in
Europe size is estimated to surpass USD 115 billion by 2024; according to a new
research report by Global Market Insights, Inc.
Passenger ships were valued more than USD 9 billion in 2016. Increasing marine
passenger traffic has experienced a substantial growth over the past years. For
instance, the cruise passenger traffic in the UK was over 1.6 million in 2014, which
surpassed 1.7 million in 2015 with around 9% growth. Rising marine tourism across
the region has resulted in increased passenger traffic, positively impacting the
Europe inland waterways vessel market provide recreational boaters with thousands
of kilometers of varied rivers and canals to explore. This stimulates the demand for
leisure boating and develop travel & tourism industry across the region. European
ship manufacturers are focusing on regular advancements and modernization of
their fleet to ensure efficient and environment friendly transportation. Recovering
economic & political condition in the region is expected to positively impact the
Stringent legislations related to the environment are formulated in the region to be
followed by all the ship owners to curb carbon footprints. The aged fleet of marine
transportation will face challenges over the projected time frame. Moreover, nextgeneration models with enhanced features will be available at higher costs. This may
affect inland waterways vessel market over the forecast time span.
Non-passenger vessels comprise freight vessels, tug-boats, and workboats. Inland
waterway is considered as a prominent way for freight transportation as these
vessels can transport over 15% of the country’s fleet. The growth in the domestic
and international freight transportation will drive the Europe inland waterways
vessels market size from 2017 to 2024.
France Inland Waterways Vessel Market, By Vessel, 2016 & 2024, (USD Million)
Browse key industry insights spread across 285 pages with 135 market data tables &
8 figures & charts from the report, “Europe Inland Waterways Vessel Market Size
By Vessel (Passenger Ships [Class IV, Class V], Non-passenger Vessels
[Freight Vessels, Tug Boats, Workboats], Pleasure Boats [Motor Cruiser,
Sailing Cruiser, Narrow Boat, Houseboat]), By Fuel (LNG, Low Sulfur Fuel Oil,
Diesel Oil, Heavy Fuel Oil, Biofuel), Industry Analysis Report, Country Outlook
(France, Germany, Belgium, Netherlands, United Kingdom, Hungary, Austria,
Romania, Slovakia), Growth Potential, Price Trends, Competitive Market Share
& Forecast, 2017 – 2024” in detail along with the table of contents:
Heavy fuel oil (HFO) is used in the marine diesel engines. Its usage can be attributed
to its cost-effectiveness. However, the fuel contains impurities and its combustion
emits SOx, NOx, and CO2. Regulations for eco-friendly products may hamper the
demand for heavy fuel oil during the forecast period.
France is one of the largest European military shipbuilders and it maritime sector
employs more people than that of the nation’ aeronautical industry. The French
marine market is one of the biggest and busiest in Europe with more than 5,000
companies. Enhanced shipping routes and efficient fuels are expected to boost
demand for inland waterways vessels during the study period.
The Netherlands market was valued USD 14 billion in 2016. The demand is
attributed to increasing tourism in the nation. Netherlands includes Holland, that
comprises of lakes and rivers in the triangle of Rotterdam, Amsterdam, & Utrecht,
and lakes of Friesland in the north. These are the busiest water channels in the
country and connect to all the major cities and towns. It is considered as one of the
places to find a boatyard for renovations, purchasing of a vessel, and to customorder a new canal cruiser.
Some of the manufacturers are Viking Line, Rhenus Group, Mediterranean Shipping
Company S A, Construction Navale Bordeaux, Meyer Werft GmbH & Co., KG,
Bayliner, European Cruise Service. Vessel manufacturers of non-passenger vessels
are focusing on fleet upgradation to increase the capacity, efficiency of the vessel.
Customization and customer satisfaction are the major focus areas for pleasure boat
manufacturers and service providers.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
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reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
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