Indonesia Barge Fleet Market Size to Grow at a CAGR of 5.10% Between 2023 and 2028

PRESS RELEASE

Published February 27, 2023

The ‘Indonesia Barge Fleet Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the Indonesia barge fleet market, assessing the market on the basis of its segments like types, tonnage capacities, applications, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

Indonesia Barge Fleet Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 5.10%

Due to the advantages of barge transportation, including high effectiveness, low prices, and the security and safety of cargo, the demand for barge fleets is growing in Indonesia. Such benefits, coupled with the increasing export and import activities, are anticipated to bolster the Indonesia barge fleet market demand in the coming years.

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Bulk material transportation between islands in the country is in significant demand, particularly for the movement of coal, sand, nickel, oil, aggregates, and agricultural goods, which is supporting the preference for barge transportation. With the increasing requirement to transport coal from production hubs in the south and east of Kalimantan to large population centres such as cities on the island of Java, the demand for barge fleets is likely to significantly grow.

The requirement for barge feet in the country is anticipated to increase as a result of technological advancements as well as the robust growth of the agriculture and food processing sectors. As barge transportation offers enhanced efficiency and lowered costs than other modes of transportation like trains, its popularity among farmers and distributors of agricultural products is likely to grow over the forecast period.

Indonesia Barge Fleet Market Definition and Major Segments

A barge refers to a long, narrow, and flat bottom water vessel that is void of mechanical propulsion and is usually pulled by tug boats, pusher boats, or other vessels. Barges are frequently used for carrying heavy loads, especially on canals. Barges are more cost-effective modes for carrying goods than trains, and the latter can cost nearly three times more than the former.

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The market, on the basis of type, can be bifurcated into:

• Open Barge
• Covered Barge

Based on tonnage capacity, the market is classified into:

• 3000 Tonne
• 5000 Tonne
• 8000 Tonne
• 10,000 Tonne
• 12,500 Tonne
• Others

Based on application, the Indonesia barge fleet market is segmented into:

• Coal and Crude Petroleum Products
• Agricultural Products
• Coke and Refined Petroleum Products
• Chemical and Petrochemical
• Food Products, Beverages, and Tobacco
• Others

The major regional markets for barge fleet in Indonesia include:

• Capital Area (Jakarta)
• Northeast Coast of Sumatra
• Southern Ports
• Northern Shores of Java
• Western End of Surabaya

Indonesia Barge Fleet Market Trends

Increasing collaborations with international companies by key players to adopt the latest and advanced technologies impacting the tug are positively influencing the Indonesia barge fleet market expansion. The expanding shipping routes among archipelagoes and surging investments of foreign companies in the country are also favouring the demand for barge fleets.

Indonesia is a key producer and exporter of agricultural products, hence the preference for covered barges among suppliers to provide greater protection to agricultural goods from uncertain weather conditions and hot and humid climatic conditions of Indonesia is likely to increase in upcoming years.

Key Market Players

The major players in Indonesia barge fleet market report include

• Habco Indonesia
• GAC Indonesia Shipping
• Gurita Lintas Samudera
• PT Pelayaran Nasional Bina Buana Raya Tbk
• PT Sillo Maritime Perdana TBK
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Indonesia Barge Fleet Market Size to Grow at a CAGR of 5.10% Between 2023 and 2028

Indonesia Barge Fleet Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

Indonesia Barge Fleet Market Definition and Major Segments

Indonesia Barge Fleet Market Trends

Key Market Players

IMARC