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Barge Transportation Market Synopsis

Barge Transportation Market Size Was Valued at USD 135.12 Billion in 2023, and is Projected to Reach USD 189.01 Billion by 2032, Growing at a CAGR of 3.8% From 2024-2032.

The Barge Transportation Market is defined as the transportation of goods and other merchandise through barge and it is a flat-bottomed boat to transportation of huge and massive materials. More precisely, they are chiefly employed in the inland navigation, the coasting, the off-shore operations, barge transport has turned into the cheap and effective way of delivering the great volume of through such cargoes as the coals, the petroleum products, the grains and the chemicals.

The Market of Barge Transportation has grown slowly because of this because it is another faster and cheaper means of transport than rail or road. Use of the inland transport technicians is instrumental in boosting regional as well as international business chiefly across market segments that cut across volumes of products. Some of drivers that have been attributed to overall market growth includes; increase demand for bulk commodities, enhancement of barges design to cover more capacity and increase in the general demand for environmentally friendly transport.

The regions whish mainly uses the barge transportation is North America and Europe since these regions possess the favourable networks of river, canal and ports. However, other developing countries such as China and India that want to be included in barge transportation business as indication of increasing industrialization and infrastructural expansion. Through the employment of GPS-transmitting barges and other aspects of the automated managing of barge traffic, bfs the utilization of barge transport increases significantly in the recent trends of logistics carriers.

Barge Transportation

Barge Transportation Market Trend Analysis:

Rising Adoption of Green Shipping Practices

  • At the present, the barge transportation industry has adopted environment friendly method known as Green Shipping in the process of -meeting international environmental legislation among other sustainable measures. Many companies are on the verge of adopting the technology concerning sustainability and energy saving touching on the barge design. The move to cleaner fuels is in progress and efficiency is also being sought by the introduction of innovations such as hull optimization. Moreover, the governments and other regulatory authorities have provided a continuous push towards the adoption of sustainable green transport mode and green investment towards the associated projects. This trend not only makes the environmental effect minimum, but also the credibility and attractiveness of the options will increase greatly.

Expansion in Emerging Economies

  • The market prospects of the barge transportation market are changed by new entrant economy countries. Due to increase in industrializations, urbanization and infrastructural growth there is need for cheap and efficient transport in Asian-Pacific, Latin American and African area. These regional governments are directing considerable funds to inland waterways and ports as means of transport and commerce. There is also the availability of multiple natural water sources that brings the feasibility of the barge transportation into these market areas. Such opportunities may be tapped through venturing into joint partnership or forming alliances with local business people as well as companies playing service to the region.

Barge Transportation Market Segment Analysis:

Barge Transportation Market is segmented on the basis of type, application, bridge fleet, and Region.

By Type, Dry Cargo segment is expected to dominate the market during the forecast period

  • Dry cargo will have higher market potential compared with the wet cargo market for the duration of the forecast period as the demand for moving large volumes of necessities such as grains, coals, ores and construction materials grows higher. Barges are therefore in terms of sensitivity, size and cost suitable for transport of bulky and low value material and equipment over a vast network of Inland waterways. The segment is boosted by increasing number of agricultural exports, new towns and cities as well as need for powering up of coal, biomass among others. The emergence of this segment also entails other and better design for barge contract has become available for holds on different categories of dry cargo. With the continuing trend of globalization also the dry cargo segment must maintain its dominance in the global market place.

By Application, Coke and Refine petroleum products segment expected to hold the largest share

  • The coke and refined petroleum products segment is expected to continue to be in the largest place of Barge Transportation Market thanks to inland waterways have a large role in energy & chemical industry. Barges are the most preferred means of transporting the liquid bulk products due to capacity, safety and cost of using the facility in demand of its products like gasoline, diesel, jet fuel and industrial usage coke all of which fall under the petroleum products. Additionally, increased environmental standards that force company to safely transport hazardous cargo through barges is also enhancing the use of barge specifically for petroleum and chemicals. This is also supported by upgrade technologies on tanker barges which improve compliance to safety standards on the segment.

Barge Transportation Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • North America in the Barge Transportation Market size is expected to grow most significantly in the near future because of the extensive inland waterways connected with this region along with convenient infrastructures. Many of the water system such as the Mississippi River, The Great Lakes and other water body is very Import e for transportation and movement of goods in the region. The United States of America being one of the largest exporters in the North American region enjoys the returns from their agricultural products export, energy sector and industries whereby majority of their shipment heavily depend on barge.
  • Alombo also improved coupled with high transportation of crude oil and related products through barges due to the discovery of shale gas in the U.S. Another area important to the region’s emission reduction has also moved towards the enhancement of eco-friendly barge solutions such as LNG-powered vessels. This aspect of using barge transportation for the natural resources exports also contributes to general market control by North America especially Canada. Due to innovation and government support the barge transportation industry in North America will remain privileged to be among the leading barge transportation industry globally.

Active Key Players in the Barge Transportation Market:

  • American Commercial Barge Line (USA)
  • Campbell Transportation Company (USA)
  • Canal Barge Company, Inc. (USA)
  • CGB Enterprises, Inc. (USA)
  • Danser Group (Netherlands)
  • Ingram Marine Group (USA)
  • Kirby Corporation (USA)
  • McAllister Towing and Transportation Company (USA)
  • Mitsui O.S.K. Lines, Ltd. (Japan)
  • PACC Offshore Services Holdings Ltd. (Singapore)
  • SEACOR Holdings Inc. (USA)
  • Stolt-Nielsen Limited (UK)
  • Tidewater Holdings, Inc. (USA)
  • Vane Brothers Company (USA)
  • Viking Supply Ships AB (Sweden), Other Active Players.

Key Industry Development in the Barge Transportation Market:

  • In February 2024, Future Proof Shipping launched the H2 Barge 2, a hydrogen-powered vessel designed to operate without carbon emissions along the Rhine River between Duisburg (DE) and Rotterdam (NL). The development and launch were supported by the EU-funded Flagships project and the Interreg-funded ZEM Ports NS project, marking a significant milestone in sustainable shipping.
  • In October 2023, Seacor Holdings announced the sale of its inland water division to Ingram Barge Co., a division of Ingram Marine Group. The transaction included over 1,000 covered dry cargo hopper barges, eight towboats with more than 6,000 horsepower, and terminal and fleeting infrastructure along the Mississippi River, which became operational under Ingram Marine Group.

Global Barge Transportation Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 135.12 Billion

Forecast Period 2024-32 CAGR:

 3.8%

Market Size in 2032:

USD 189.01 Billion

Segments Covered:

By Type

  • Cargo
  • Liquid Cargo
  • Gaseous Cargo

By Application

  • Agricultural Products
  • Coal & Crude Petroleum
  • Metal Ores
  • Coke & Refined Petroleum Products
  • Food Products
  • Secondary Raw Materials & Wastes
  • Beverages & Tobacco
  • Rubber & Plastic
  • Chemicals
  • Nuclear
  • Fuel

By Barge Fleet

  • Covered
  • Open
  • Tank

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Demand for Bulk Commodity Transportation

Key Market Restraints:

  • High Initial Costs of Barge Infrastructure Development

Key Opportunities:

  • Development of Inland Waterways in Emerging Regions

Companies Covered in the report:

  • American Commercial Barge Line, Ingram Marine Group, Kirby Corporation, SEACOR Holdings Inc., Tidewater Holdings, Inc. and Other Active Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Barge Transportation Market by Component
 4.1 Barge Transportation Market Snapshot and Growth Engine
 4.2 Barge Transportation Market Overview
 4.3 Software Video Management Software Transcoding & Processing Software Video Delivery & Distribution Software Video Analytics Software Others Services Consulting Services Support & Maintenance Services Managed Services Integration and Deployment Services
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Software Video Management Software Transcoding & Processing Software Video Delivery & Distribution Software Video Analytics Software Others Services Consulting Services Support & Maintenance Services Managed Services Integration and Deployment Services: Geographic Segmentation Analysis

Chapter 5: Barge Transportation Market by Deployment
 5.1 Barge Transportation Market Snapshot and Growth Engine
 5.2 Barge Transportation Market Overview
 5.3 Cloud On-PrComponent
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Cloud On-PrComponent: Geographic Segmentation Analysis

Chapter 6: Barge Transportation Market by Deployment
 6.1 Barge Transportation Market Snapshot and Growth Engine
 6.2 Barge Transportation Market Overview
 6.3 Cloud On-Premise
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Cloud On-Premise: Geographic Segmentation Analysis

Chapter 7: Barge Transportation Market by End Use
 7.1 Barge Transportation Market Snapshot and Growth Engine
 7.2 Barge Transportation Market Overview
 7.3 Media & Entertainment Education Healthcare Government Otheremise
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Media & Entertainment Education Healthcare Government Otheremise: Geographic Segmentation Analysis

Chapter 8: Barge Transportation Market by End Use
 8.1 Barge Transportation Market Snapshot and Growth Engine
 8.2 Barge Transportation Market Overview
 8.3 Media & Entertainment Education Healthcare Government Other
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Media & Entertainment Education Healthcare Government Other: Geographic Segmentation Analysis

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Benchmarking
  9.1.2 Barge Transportation Market Share by Manufacturer (2023)
  9.1.3 Industry BCG Matrix
  9.1.4 Heat Map Analysis
  9.1.5 Mergers and Acquisitions
  
 9.2 AKAMAI TECHNOLOGIES (U.S.)
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Role of the Company in the Market
  9.2.5 Sustainability and Social Responsibility
  9.2.6 Operating Business Segments
  9.2.7 Product Portfolio
  9.2.8 Business Performance
  9.2.9 Key Strategic Moves and Recent Developments
  9.2.10 SWOT Analysis
 9.3 AMAZON WEB SERVICES (AWS) (U.S.)
 9.4 BRIGHTCOVE INC. (U.S.)
 9.5 DACAST INC. (U.S.)
 9.6 IBM CORPORATION (U.S.)
 9.7 KALTURA INC. (U.S.)
 9.8 LIMELIGHT NETWORKS INC. (U.S.)
 9.9 MICROSOFT CORPORATION (U.S.)
 9.10 PANOPTO (U.S.)
 9.11 QUMU CORPORATION (U.S.)
 9.12 SONIC FOUNDRY (U.S.)
 9.13 VIMEO INC. (U.S.)
 9.14 VIDYARD (CANADA)
 9.15 WOWZA MEDIA SYSTEMS (U.S.)
 9.16 ZIXI LLC (U.S.)
 9.17 OTHER ACTIVE PLAYERS

Chapter 10: Global Barge Transportation Market By Region
 10.1 Overview
10.2. North America Barge Transportation Market
  10.2.1 Key Market Trends, Growth Factors and Opportunities
  10.2.2 Top Key Companies
  10.2.3 Historic and Forecasted Market Size by Segments
  10.2.4 Historic and Forecasted Market Size By Component
  10.2.4.1 Software Video Management Software Transcoding & Processing Software Video Delivery & Distribution Software Video Analytics Software Others Services Consulting Services Support & Maintenance Services Managed Services Integration and Deployment Services
  10.2.5 Historic and Forecasted Market Size By Deployment
  10.2.5.1 Cloud On-PrComponent
  10.2.6 Historic and Forecasted Market Size By Deployment
  10.2.6.1 Cloud On-Premise
  10.2.7 Historic and Forecasted Market Size By End Use
  10.2.7.1 Media & Entertainment Education Healthcare Government Otheremise
  10.2.8 Historic and Forecasted Market Size By End Use
  10.2.8.1 Media & Entertainment Education Healthcare Government Other
  10.2.9 Historic and Forecast Market Size by Country
  10.2.9.1 US
  10.2.9.2 Canada
  10.2.9.3 Mexico
10.3. Eastern Europe Barge Transportation Market
  10.3.1 Key Market Trends, Growth Factors and Opportunities
  10.3.2 Top Key Companies
  10.3.3 Historic and Forecasted Market Size by Segments
  10.3.4 Historic and Forecasted Market Size By Component
  10.3.4.1 Software Video Management Software Transcoding & Processing Software Video Delivery & Distribution Software Video Analytics Software Others Services Consulting Services Support & Maintenance Services Managed Services Integration and Deployment Services
  10.3.5 Historic and Forecasted Market Size By Deployment
  10.3.5.1 Cloud On-PrComponent
  10.3.6 Historic and Forecasted Market Size By Deployment
  10.3.6.1 Cloud On-Premise
  10.3.7 Historic and Forecasted Market Size By End Use
  10.3.7.1 Media & Entertainment Education Healthcare Government Otheremise
  10.3.8 Historic and Forecasted Market Size By End Use
  10.3.8.1 Media & Entertainment Education Healthcare Government Other
  10.3.9 Historic and Forecast Market Size by Country
  10.3.9.1 Bulgaria
  10.3.9.2 The Czech Republic
  10.3.9.3 Hungary
  10.3.9.4 Poland
  10.3.9.5 Romania
  10.3.9.6 Rest of Eastern Europe
10.4. Western Europe Barge Transportation Market
  10.4.1 Key Market Trends, Growth Factors and Opportunities
  10.4.2 Top Key Companies
  10.4.3 Historic and Forecasted Market Size by Segments
  10.4.4 Historic and Forecasted Market Size By Component
  10.4.4.1 Software Video Management Software Transcoding & Processing Software Video Delivery & Distribution Software Video Analytics Software Others Services Consulting Services Support & Maintenance Services Managed Services Integration and Deployment Services
  10.4.5 Historic and Forecasted Market Size By Deployment
  10.4.5.1 Cloud On-PrComponent
  10.4.6 Historic and Forecasted Market Size By Deployment
  10.4.6.1 Cloud On-Premise
  10.4.7 Historic and Forecasted Market Size By End Use
  10.4.7.1 Media & Entertainment Education Healthcare Government Otheremise
  10.4.8 Historic and Forecasted Market Size By End Use
  10.4.8.1 Media & Entertainment Education Healthcare Government Other
  10.4.9 Historic and Forecast Market Size by Country
  10.4.9.1 Germany
  10.4.9.2 UK
  10.4.9.3 France
  10.4.9.4 Netherlands
  10.4.9.5 Italy
  10.4.9.6 Russia
  10.4.9.7 Spain
  10.4.9.8 Rest of Western Europe
10.5. Asia Pacific Barge Transportation Market
  10.5.1 Key Market Trends, Growth Factors and Opportunities
  10.5.2 Top Key Companies
  10.5.3 Historic and Forecasted Market Size by Segments
  10.5.4 Historic and Forecasted Market Size By Component
  10.5.4.1 Software Video Management Software Transcoding & Processing Software Video Delivery & Distribution Software Video Analytics Software Others Services Consulting Services Support & Maintenance Services Managed Services Integration and Deployment Services
  10.5.5 Historic and Forecasted Market Size By Deployment
  10.5.5.1 Cloud On-PrComponent
  10.5.6 Historic and Forecasted Market Size By Deployment
  10.5.6.1 Cloud On-Premise
  10.5.7 Historic and Forecasted Market Size By End Use
  10.5.7.1 Media & Entertainment Education Healthcare Government Otheremise
  10.5.8 Historic and Forecasted Market Size By End Use
  10.5.8.1 Media & Entertainment Education Healthcare Government Other
  10.5.9 Historic and Forecast Market Size by Country
  10.5.9.1 China
  10.5.9.2 India
  10.5.9.3 Japan
  10.5.9.4 South Korea
  10.5.9.5 Malaysia
  10.5.9.6 Thailand
  10.5.9.7 Vietnam
  10.5.9.8 The Philippines
  10.5.9.9 Australia
  10.5.9.10 New Zealand
  10.5.9.11 Rest of APAC
10.6. Middle East & Africa Barge Transportation Market
  10.6.1 Key Market Trends, Growth Factors and Opportunities
  10.6.2 Top Key Companies
  10.6.3 Historic and Forecasted Market Size by Segments
  10.6.4 Historic and Forecasted Market Size By Component
  10.6.4.1 Software Video Management Software Transcoding & Processing Software Video Delivery & Distribution Software Video Analytics Software Others Services Consulting Services Support & Maintenance Services Managed Services Integration and Deployment Services
  10.6.5 Historic and Forecasted Market Size By Deployment
  10.6.5.1 Cloud On-PrComponent
  10.6.6 Historic and Forecasted Market Size By Deployment
  10.6.6.1 Cloud On-Premise
  10.6.7 Historic and Forecasted Market Size By End Use
  10.6.7.1 Media & Entertainment Education Healthcare Government Otheremise
  10.6.8 Historic and Forecasted Market Size By End Use
  10.6.8.1 Media & Entertainment Education Healthcare Government Other
  10.6.9 Historic and Forecast Market Size by Country
  10.6.9.1 Turkey
  10.6.9.2 Bahrain
  10.6.9.3 Kuwait
  10.6.9.4 Saudi Arabia
  10.6.9.5 Qatar
  10.6.9.6 UAE
  10.6.9.7 Israel
  10.6.9.8 South Africa
10.7. South America Barge Transportation Market
  10.7.1 Key Market Trends, Growth Factors and Opportunities
  10.7.2 Top Key Companies
  10.7.3 Historic and Forecasted Market Size by Segments
  10.7.4 Historic and Forecasted Market Size By Component
  10.7.4.1 Software Video Management Software Transcoding & Processing Software Video Delivery & Distribution Software Video Analytics Software Others Services Consulting Services Support & Maintenance Services Managed Services Integration and Deployment Services
  10.7.5 Historic and Forecasted Market Size By Deployment
  10.7.5.1 Cloud On-PrComponent
  10.7.6 Historic and Forecasted Market Size By Deployment
  10.7.6.1 Cloud On-Premise
  10.7.7 Historic and Forecasted Market Size By End Use
  10.7.7.1 Media & Entertainment Education Healthcare Government Otheremise
  10.7.8 Historic and Forecasted Market Size By End Use
  10.7.8.1 Media & Entertainment Education Healthcare Government Other
  10.7.9 Historic and Forecast Market Size by Country
  10.7.9.1 Brazil
  10.7.9.2 Argentina
  10.7.9.3 Rest of SA

Chapter 11 Analyst Viewpoint and Conclusion
11.1 Recommendations and Concluding Analysis
11.2 Potential Market Strategies

Chapter 12 Research Methodology
12.1 Research Process
12.2 Primary Research
12.3 Secondary Research
 

Global Barge Transportation Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 135.12 Billion

Forecast Period 2024-32 CAGR:

 3.8%

Market Size in 2032:

USD 189.01 Billion

Segments Covered:

By Type

  • Cargo
  • Liquid Cargo
  • Gaseous Cargo

By Application

  • Agricultural Products
  • Coal & Crude Petroleum
  • Metal Ores
  • Coke & Refined Petroleum Products
  • Food Products
  • Secondary Raw Materials & Wastes
  • Beverages & Tobacco
  • Rubber & Plastic
  • Chemicals
  • Nuclear
  • Fuel

By Barge Fleet

  • Covered
  • Open
  • Tank

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Demand for Bulk Commodity Transportation

Key Market Restraints:

  • High Initial Costs of Barge Infrastructure Development

Key Opportunities:

  • Development of Inland Waterways in Emerging Regions

Companies Covered in the report:

  • American Commercial Barge Line, Ingram Marine Group, Kirby Corporation, SEACOR Holdings Inc., Tidewater Holdings, Inc. and Other Active Players.
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Frequently Asked Questions :

What would be the forecast period in the Barge Transportation Market research report?

The forecast period in the Barge Transportation Market research report is 2024-2032.

Who are the key players in the Barge Transportation Market?

American Commercial Barge Line, Ingram Marine Group, Kirby Corporation, SEACOR Holdings Inc., Tidewater Holdings, Inc., and Other Active players.

What are the segments of the Barge Transportation Market?

The Barge Transportation Market is segmented into Type, Application, Barge Fleet, and region. By Type, the market is categorized into Cargo, Liquid Cargo, and Gaseous Cargo. By Application, the market is categorized into Agricultural Products, Coal & Crude Petroleum, Metal Ores, Coke & Refined Petroleum Products, Food Products, Secondary Raw Materials & Wastes, Beverages & Tobacco, Rubber & Plastic, Chemicals, Nuclear, and Fuel. By Barge Fleet, the market is categorized into Covered, Open, and Tank. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Barge Transportation Market?

The Barge Transportation Market is defined as the transportation of goods and other merchandise through barge and it is a flat-bottomed boat for transportation of massive materials. More precisely, they are chiefly employed in the inland navigation, coasting, and off-shore operations, barge transport has turned into a cheap and effective way of delivering the great volume of cargoes such as coals, petroleum products, grains, and chemicals.

How big is the Barge Transportation Market?

Barge Transportation Market Size Was Valued at USD 135.12 Billion in 2023, and is Projected to Reach USD 189.01 Billion by 2032, Growing at a CAGR of 3.8% From 2024-2032.