Europe Inland Waterways Vessel Market Size 2019 | Industry Growth & Regional Forecast To 2024

Global Europe Inland Waterways Vessel Market report focuses on the major Types and Applications for the key players. The market forecast report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The research report is a professional and in-depth study on the current state of global Industry.

Speaking of the competitive spectrum, Europe inland waterways vessel market space is ablaze with renowned biggies including the likes of Mediterranean Shipping Company S A, European Cruise Service, Viking Line, KG, Bayliner, and Meyer Werft GmbH & Co. These giants, in accordance with the regionally changing sustainability trends have been working relentlessly to come up with innovative energy efficient, environment friendly range of products.  In tandem, the currently harmonized regulatory framework (Directive 2006/87) regarding the technical certifications of inland vessels would further stimulate Europe inland waterways vessel market, slated to exceed USD 115 billion by 2024.

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The emergence of vessels with integrated inner and outer hulls result in lower spills. Design innovations including double hulls and integration of advanced fleet management solution software contribute significantly towards reducing accidents and increasing operational efficiency, thereby supporting the global inland waterways vessels industry growth over the study timeframe.

Governments across the globe are actively supporting the global inland waterways vessels industry by introducing several port maintenance facilities, traffic management systems, and upgradation plans. For instance, Hamburg Port Authority is developing an Intelligent Transport System (ITS) that enables easier optimization of data interchange among the inland waterways vessels. This will enable easier loading and unloading of passenger and goods and reduce downtime significantly.

Statistics depict- total volume of good transported via inland waterways in Europe was approximately 554 million tonnes in 2016, allegedly, an increment of almost 0.9% than what was recorded in 2015. Experts deemed this to be positive indicator for Europe inland waterways vessel market growth especially from non-passenger vessels. In fact, non-passenger vessel accounted for almost 60% of the overall Europe inland waterways vessel market share in 2016.  Primarily on account of its competitive advantage over others with regards to energy efficiency and consumption, experts believe, non-passenger inland waterways vessel market in Europe to witness immense growth over 2017-2024.

Industry participants are focusing on introducing innovative technologies and improving the efficiencies of the vessels for increasing their market share. The introduction of advanced communication and navigation systems along with the integration of GPRS facilities allows easier and efficient transportation of people and goods is boosting the global inland waterways vessels market growth.

Browse key industry insights spread across 285 pages with 135 market data tables & 8 figures & charts from the report, “Europe Inland Waterways Vessel Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/europe-inland-waterways-vessel-market

The major industry participants in the Europe Inland Waterways Vessel Market includes: Sanmar, Bayliner, Sneed Shipbuilding, CMA CGM Group, and European Cruise Other notable participants include CIWTC, Windcat Work Boats, Norfolk Tug Company, Seacontractors, and DFDS. Industry participants are focused on expanding their portfolio with diversified specifications for gaining orders and increasing their market share over the forecast timeframe

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