( MENAFN - EIN Presswire) Inland Water Passenger transport Global market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033 The Business Research Company's Inland Water Passenger Transport Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033 LONDON, GREATER LONDON, UNITED KINGDOM, November 11, 2024 /EINPresswire / -- The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only! The inland water passenger transport market has seen robust growth in recent years, increasing from $1.85 billion in 2023 to a projected $2.01 billion in 2024, with a compound annual growth rate (CAGR) of 8.
5%. This historical growth can be attributed to factors such as infrastructure development, economic expansion and urbanization, environmental concerns, government initiatives and policies, and efforts to alleviate congestion. What Are The Forecasts For The Global Inland Water Passenger Transport Market Size And The Predicted Annual Growth Rates? The inland water passenger transport market is anticipated to experience significant growth in the coming years, reaching $2.
73 billion by 2028 at a compound annual growth rate (CAGR) of 8.0%. This expected growth is driven by factors such as a modal shift towards sustainable transportation, the development of integrated transport systems, growth in the tourism industry, strategies for climate change mitigation, and technological innovations.
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