India Waterway Mobility Market at 6.45% CAGR to Cross USD 688 Million by 2031

Published | 21 April 2025

India Waterway Mobility Market is flourishing because of a surging demand for sustainable transportation, trade, and logistics, targeted investments by the government, and the increasing prioritization of reduced-emission transportation.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Waterway Mobility Market size at USD 444.23 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects India Waterway Mobility Market size to expand at a CAGR of 6.45% reaching a value of USD 688.07 million by 2031. The Waterway Mobility Market across India is propelled by substantial increase in freight transportation via inland waterways over the past decade, reflecting enhanced efficiency and cost-effectiveness, directly correlated with the significant augmentation of operational National Waterways, which have improved connectivity and expedited cargo movement. Integral to this development is the government's focused investment in infrastructure modernization, including multi-modal terminals, floating jetties, and fairway maintenance along critical waterways such as the Ganga, Brahmaputra, and the West Coast Canal. These infrastructural enhancements are complemented by strategic policy frameworks, including the Cargo Promotion Scheme, cargo aggregation hubs, and port integration, optimizing operational efficiency and intermodal connectivity. Furthermore, targeted initiatives to transition Public Sector Undertaking (PSU) cargo to waterways, stimulate river cruise tourism, and strengthen trade routes with Bangladesh reinforce the market's trajectory, underscoring the strategic importance of inland waterways in India's broader economic and logistical framework, positioning the sector for sustained and impactful development.

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Impact of Escalating Geopolitical Tensions on India Waterway Mobility Market

Intensifying geopolitical tensions could disrupt the growth of India Waterway Mobility Market. Disruptions to established trade corridors, a direct consequence of strained international relations, threaten to impede the seamless flow of cargo across both inland and coastal waterways. Concurrently, the volatile nature of global energy markets, driven by geopolitical instability, introduces significant inflationary pressures on operational costs, potentially eroding the cost-effectiveness of water transport. Beyond immediate operational hurdles, the specter of diminished foreign direct investment in critical infrastructure, such as port modernization and inland navigation enhancements, looms large, potentially stifling long-term expansion. To navigate these turbulent waters, India must prioritize the formulation of robust, adaptive policies, fortify domestic supply chain resilience, and cultivate strategic diplomatic alliances, thereby safeguarding the sustained momentum of its burgeoning waterway transport sector.

Electric Propulsion Dominates India Waterway Mobility Market

The electric segment accounts for a larger share in India Waterway Mobility Market by propulsion. The segment’s growth is driven by a confluence of strategic government initiatives and robust private sector investments, signaling a firm commitment to sustainable maritime practices. The Ministry of Ports, Shipping, and Waterways' ambitious allocation of INR 45,000 crore for river cruise tourism, with a dedicated INR 10,000 crore earmarked for cruise terminal infrastructure by 2047, underscores this commitment. Notably, the successful deployment of electric catamaran boats in National Waterway-3 (Kochi), and the planned expansion under the Kochi Water Metro, exemplify the tangible progress achieved. The Inland Waterways Authority of India's procurement of electric vessels for key pilgrimage and tourism hubs further solidifies this trend. The ministry's vision of deploying 1,000 green-fuel-powered vessels within a decade, with a substantial portion being electric, signals a transformative shift. Moreover, pioneering projects like WWF-India’s electric ferry pilot in the Sundarbans demonstrate the practical application of electric propulsion in ecologically sensitive areas. While infrastructure development, particularly the establishment of comprehensive charging networks, remains a critical focus, the trajectory is clear. Electric vessels are poised to redefine India's waterway mobility landscape, displacing conventional diesel-powered fleets and fostering a more environmentally responsible transport paradigm.

Competitive Landscape

Major companies in India Waterway Mobility Market include Adani Ports and Special Economic Zone Limited (APSEZ), Cochin Shipyard Limited (CSL), Shipping Corporation of India (SCI), Inland & Coastal Shipping Ltd (ICSL), Kochi Water Metro, Inland Waterways Authority of India (IWAI), SICAL Connect Limited, CGU Logistic Private Limited, and CLS Limited. The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and India Waterway Mobility Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Waterway Mobility Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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