Europe Inland Waterways Vessel Market to hit USD 115 billion by 2024

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Europe Inland Waterways Vessel Market Analysis,
Report, Trends and Forecast, 2017-2024
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Key Insights from 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.
• 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 industry growth.

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Continued...

• 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.
• 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, next-generation 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 countrys fleet. The growth in
  the domestic and international freight
  transportation will drive the Europe inland
  waterways vessels market size from 2017 to 2024.

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U.S. Electric Motors Market, By Motor, 2016
2024, (USD Million)

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Major Companies in Europe Inland Waterways Vessel
Market

• Viking Line
• Rhenus Group
• Mediterranean Shipping Company S A
• Construction Navale Bordeaux
• Meyer Werft GmbH Co.
• KG
• Bayliner
• European Cruise Service

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Industry Coverage

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Regional Insights in Europe Inland Waterways
Vessel Market

• 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 custom-order a new canal cruiser.

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