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The global inland market was valued at $79 billion in 2017, and is expected to register high growth rates due to increasing investments in transportation networks in remote areas and increasing connectivity in emerging economies such as India, China, and Brazil, increasing government investments, low oil prices and increasing adoption of big data analytics to analyse consumer behaviour.
Asia Pacific was the largest geographic region in the market, accounting for almost half of the market share, due to a large population, presence of extensive public and private transportation network and government subsidies for transportation services.
China was the largest country in the market, accounting for one-fifth of the market share. This is due to the presence of an extensive transportation network, high disposable income and a large customer base which includes both B2B and B2C customers.
The major competitors in the market are American Commercial Lines LLC, Ingram Industries, AP Moller -Maersk A/S, Jeff boat, LLC, and European Cruise Service. American Commercial Lines LLC provides marine transportation and related logistics services for business clients in the North and South America. The company owns and operates a fleet of liquid cargo and dry cargo barge lines, towboats, trans-loading facilities, and terminals.
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