Oversized Cargo Transportation Market
PUBLISHED: 2022 ID: SMRC21665
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Oversized Cargo Transportation Market

Oversized Cargo Transportation Market Forecasts to 2028 - Global Analysis By Type (Air Transportation, Railway Transportation, Road Transportation, Sea Transportation), Application (Construction Industry, Mineral Industry, Energy and Petrochemical Industry, Water Conservancy Industry, Metal and Mining), and By Geography

4.4 (25 reviews)
4.4 (25 reviews)
Published: 2022 ID: SMRC21665

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $239.78 BN

Projected Year Value (2028)

US $344.00 BN

CAGR (2022 - 2028)

6.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America

According to Stratistics MRC, the Global Oversized Cargo Transportation Market is accounted for $239.78 billion in 2021 and is expected to reach $344.00 billion by 2028 growing at a CAGR of 6.2% during the forecast period. Oversized cargo is a type of cargo with extra physical capacities or mass than the utmost permitted standards or heaviness in a precise region via which transportation of cargo takes place. This transportation varies and is keeping pace according to region. Transporting oversized cargo is not feasible through standard containers or standard road vehicles, as it involves high risks and requires efficient planning and execution. It requires special equipment, machinery, escort, cargo space, advance agreements, permits, and knowledge.

About 90% of the world’s trade is transported via the sea and cargo shipping. In the first quarter of 2020, The Ministry of Commerce of China report states that freight trains between China and Europe are increased by 15% to 1,941 and transported containers by 18% to 174,000. Moreover, the transportations of parcels are now increasing with increase in global market and the market connectivity to the customer over the internet. According to International Air Transport Association (IATA), Airlines transport over 52 million metric tons of goods a year, representing more than 35% of global trade by value but less than 1% of world trade by volume. That is equivalent to $6.8 trillion worth of goods annually, or $18.6 billion worth of goods every day.



Market Dynamics:

Driver:

Rising adoption of Industry 4.0

Industry 4.0 stands for the fourth industrial revolution, where machines, raw material, and all processes will be connected, which is expected to lead to the low-cost production of high-quality products. To support Industry 4.0, oversized cargo transportation is ideal, as it offers flexible and more economical short-distance transportation. Transport industry is a network that ensures successful movement of passengers, cargoes and mails from one place to another through various modes like air, water, road, rail, pipeline, and cable. This industry is made up of heterogeneous interacting sub-system working interrelated to ensure the performance. Industry 4.0 has resulted in a significant increase in data quality and availability.

Restraint:

Global trade tensions

The shipping route accounts for a big amount of the global oversized cargo transportation volume. Though, owing to trade tensions, chiefly among China and the U.S., imports from China have become more expensive. Therefore, a demand and volume drop is expected by carriers, and they have considerably decreased capacity, especially on the Trans-Pacific route. Moreover, some sectors have faced uncertainty in investment plans and augmented cost of inputs. They have been compelled to reposition manufacturing facilities from China to regions such as South-East Asia and Eastern Europe.

Opportunity:

Rising infrastructural development at the port terminals

Development of trade passageway such as Suez Canal and Panama Canal increases waterways’ ability and permit the passage of larger vessels is advantageous for oversized cargo transportation. Growing number of countries forging free trade agreements will boost the oversized cargo transportation industry. In addition, dissimilar free trade agreements such have NAFTA, AFTA, TPSEP, and others have helped countries significantly towards strengthening their economies. These agreements not only are accountable for the growth in trade between nations but also have direct impact on the transportation industry. Furthermore, the improved specialization in the supply chain for marine trade has gathered huge development as developing countries continue to gain greater market share in the oversized cargo transportation business.

Threat:

Environmental challenges as well as challenges emerging from changing dynamics of geopolitics

Oversized cargo transportation market is facing environmental challenges as well as challenges emerging from changing dynamics of geopolitics. Along with these challenges, high cost of buying new bigger container ships and competition to fill them in saturated market has started consolidation in the transportation industry. The industry players are fighting for market share which is giving rise to pricing at their marginal cost. Transportation industry can overcome these restrains by increasing productivity in operations, and improvement in network and fleet.

The road transportation segment is expected to be the largest during the forecast period

The road transportation segment is estimated to have a lucrative growth, due to high loading capacity, technological advancements in logistics industry, improved connectivity of road transportation because of development of trade routes, and expansion of the construction industry owing to rapid development of infrastructure around the world. Road transportation is more cost-effective than other transportation modes for short distances.

The construction industry segment is expected to have the highest CAGR during the forecast period

The construction industry segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the demand for industrial and construction handling equipment, rising construction projects, and expansion of the construction industry owing to rapid development of infrastructure around the world.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to rising trade and export in the region. The Asia Pacific region consists of countries like India and China which are highly demanding the transportation of heavy equipment and construction. This region has major component manufacturers and fabricators. Additionally, increasing industrialization and transformation of infrastructure through new upcoming projects in the region requires goods and product transportation, thereby driving the demand for industrial and construction handling equipment.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period due to the increased capacity of trailers and shipping vessels and growing investments in heavy equipment and mining industries. The U.S. is estimated to account for a significant share of the market in North America, due to the expansion of the retail sector due to majority firms adopting digital business practices and adopting online business channels.



Key players in the market

Some of the key players profiled in the Oversized Cargo Transportation Market include Dextra Industry & Transport Co., Ltd., APL Co. Pte Ltd., Global Shipping Services, LLC, DB Schenker, ISDB Logistik GmbH, Amerijet International, Inc., IB Cargo S.R.L., DSV A/S, Bohnet GmbH, Lynden, Inc., Orient Overseas Container Line Limited (OOCL), STA Logistic, Panalpina World Transport (Holding) Ltd., TAD Logistic Limited, Zoey Logistics B.V., Crowley Maritime Corp., Schenker AG, and Kuehne + Nagel International AG.

Key Developments:

In February 2022, Amerijet International Airlines has partnered with SmartKargo, an innovative, comprehensive and seamlessly integrated cargo management solution. The cloud-based SmartKargo system will replace Amerijet's legacy cargo system and will provide scalability and greater efficiency as well as a streamlined user experience. SmartKargo offers a suite of fully integrated tools and solutions to support all essential cargo functions from customer management, pricing and sales, operations, and warehouse management, to loading and unloading and ramp operations.

Types Covered:
• Air Transportation
• Railway Transportation
• Road Transportation
• Sea Transportation

Applications Covered:
• Construction Industry
• Mineral Industry
• Energy and Petrochemical Industry
• Water Conservancy Industry
• Metal and Mining
• Raw Material Transportation
• Fresh Transportation
• Food Transportation

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
 

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Oversized Cargo Transportation Market, By Type
5.1 Introduction
5.2 Air Transportation
5.3 Railway Transportation
5.4 Road Transportation
5.5 Sea Transportation

6 Global Oversized Cargo Transportation Market, By Application
6.1 Introduction
6.2 Construction Industry
6.3 Mineral Industry
6.4 Energy and Petrochemical Industry
6.5 Water Conservancy Industry
6.6 Metal and Mining
6.7 Raw Material Transportation
6.8 Fresh Transportation
6.9 Food Transportation

7 Global Oversized Cargo Transportation Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa

8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies

9 Company Profiling
9.1 Dextra Industry & Transport Co., Ltd.
9.2 APL Co. Pte Ltd.
9.3 Global Shipping Services, LLC
9.4 DB Schenker
9.5 ISDB Logistik GmbH
9.6 Amerijet International, Inc.
9.7 IB Cargo S.R.L.
9.8 DSV A/S
9.9 Bohnet GmbH
9.10 Lynden, Inc.
9.11 Orient Overseas Container Line Limited (OOCL)
9.12 STA Logistic
9.13 Panalpina World Transport (Holding) Ltd.
9.14 TAD Logistic Limited
9.15 Zoey Logistics B.V.
9.16 Crowley Maritime Corp.
9.17 Schenker AG
9.18 Kuehne + Nagel International AG

List of Tables
1 Global Oversized Cargo Transportation Market Outlook, By Region (2020-2028) ($MN)
2 Global Oversized Cargo Transportation Market Outlook, By Type (2020-2028) ($MN)
3 Global Oversized Cargo Transportation Market Outlook, By Air Transportation (2020-2028) ($MN)
4 Global Oversized Cargo Transportation Market Outlook, By Railway Transportation (2020-2028) ($MN)
5 Global Oversized Cargo Transportation Market Outlook, By Road Transportation (2020-2028) ($MN)
6 Global Oversized Cargo Transportation Market Outlook, By Sea Transportation (2020-2028) ($MN)
7 Global Oversized Cargo Transportation Market Outlook, By Application (2020-2028) ($MN)
8 Global Oversized Cargo Transportation Market Outlook, By Construction Industry (2020-2028) ($MN)
9 Global Oversized Cargo Transportation Market Outlook, By Mineral Industry (2020-2028) ($MN)
10 Global Oversized Cargo Transportation Market Outlook, By Energy and Petrochemical Industry (2020-2028) ($MN)
11 Global Oversized Cargo Transportation Market Outlook, By Water Conservancy Industry (2020-2028) ($MN)
12 Global Oversized Cargo Transportation Market Outlook, By Metal and Mining (2020-2028) ($MN)
13 Global Oversized Cargo Transportation Market Outlook, By Raw Material Transportation (2020-2028) ($MN)
14 Global Oversized Cargo Transportation Market Outlook, By Fresh Transportation (2020-2028) ($MN)
15 Global Oversized Cargo Transportation Market Outlook, By Food Transportation (2020-2028) ($MN)
16 North America Oversized Cargo Transportation Market Outlook, By Country (2020-2028) ($MN)
17 North America Oversized Cargo Transportation Market Outlook, By Type (2020-2028) ($MN)
18 North America Oversized Cargo Transportation Market Outlook, By Air Transportation (2020-2028) ($MN)
19 North America Oversized Cargo Transportation Market Outlook, By Railway Transportation (2020-2028) ($MN)
20 North America Oversized Cargo Transportation Market Outlook, By Road Transportation (2020-2028) ($MN)
21 North America Oversized Cargo Transportation Market Outlook, By Sea Transportation (2020-2028) ($MN)
22 North America Oversized Cargo Transportation Market Outlook, By Application (2020-2028) ($MN)
23 North America Oversized Cargo Transportation Market Outlook, By Construction Industry (2020-2028) ($MN)
24 North America Oversized Cargo Transportation Market Outlook, By Mineral Industry (2020-2028) ($MN)
25 North America Oversized Cargo Transportation Market Outlook, By Energy and Petrochemical Industry (2020-2028) ($MN)
26 North America Oversized Cargo Transportation Market Outlook, By Water Conservancy Industry (2020-2028) ($MN)
27 North America Oversized Cargo Transportation Market Outlook, By Metal and Mining (2020-2028) ($MN)
28 North America Oversized Cargo Transportation Market Outlook, By Raw Material Transportation (2020-2028) ($MN)
29 North America Oversized Cargo Transportation Market Outlook, By Fresh Transportation (2020-2028) ($MN)
30 North America Oversized Cargo Transportation Market Outlook, By Food Transportation (2020-2028) ($MN)
31 Europe Oversized Cargo Transportation Market Outlook, By Country (2020-2028) ($MN)
32 Europe Oversized Cargo Transportation Market Outlook, By Type (2020-2028) ($MN)
33 Europe Oversized Cargo Transportation Market Outlook, By Air Transportation (2020-2028) ($MN)
34 Europe Oversized Cargo Transportation Market Outlook, By Railway Transportation (2020-2028) ($MN)
35 Europe Oversized Cargo Transportation Market Outlook, By Road Transportation (2020-2028) ($MN)
36 Europe Oversized Cargo Transportation Market Outlook, By Sea Transportation (2020-2028) ($MN)
37 Europe Oversized Cargo Transportation Market Outlook, By Application (2020-2028) ($MN)
38 Europe Oversized Cargo Transportation Market Outlook, By Construction Industry (2020-2028) ($MN)
39 Europe Oversized Cargo Transportation Market Outlook, By Mineral Industry (2020-2028) ($MN)
40 Europe Oversized Cargo Transportation Market Outlook, By Energy and Petrochemical Industry (2020-2028) ($MN)
41 Europe Oversized Cargo Transportation Market Outlook, By Water Conservancy Industry (2020-2028) ($MN)
42 Europe Oversized Cargo Transportation Market Outlook, By Metal and Mining (2020-2028) ($MN)
43 Europe Oversized Cargo Transportation Market Outlook, By Raw Material Transportation (2020-2028) ($MN)
44 Europe Oversized Cargo Transportation Market Outlook, By Fresh Transportation (2020-2028) ($MN)
45 Europe Oversized Cargo Transportation Market Outlook, By Food Transportation (2020-2028) ($MN)
46 Asia Pacific Oversized Cargo Transportation Market Outlook, By Country (2020-2028) ($MN)
47 Asia Pacific Oversized Cargo Transportation Market Outlook, By Type (2020-2028) ($MN)
48 Asia Pacific Oversized Cargo Transportation Market Outlook, By Air Transportation (2020-2028) ($MN)
49 Asia Pacific Oversized Cargo Transportation Market Outlook, By Railway Transportation (2020-2028) ($MN)
50 Asia Pacific Oversized Cargo Transportation Market Outlook, By Road Transportation (2020-2028) ($MN)
51 Asia Pacific Oversized Cargo Transportation Market Outlook, By Sea Transportation (2020-2028) ($MN)
52 Asia Pacific Oversized Cargo Transportation Market Outlook, By Application (2020-2028) ($MN)
53 Asia Pacific Oversized Cargo Transportation Market Outlook, By Construction Industry (2020-2028) ($MN)
54 Asia Pacific Oversized Cargo Transportation Market Outlook, By Mineral Industry (2020-2028) ($MN)
55 Asia Pacific Oversized Cargo Transportation Market Outlook, By Energy and Petrochemical Industry (2020-2028) ($MN)
56 Asia Pacific Oversized Cargo Transportation Market Outlook, By Water Conservancy Industry (2020-2028) ($MN)
57 Asia Pacific Oversized Cargo Transportation Market Outlook, By Metal and Mining (2020-2028) ($MN)
58 Asia Pacific Oversized Cargo Transportation Market Outlook, By Raw Material Transportation (2020-2028) ($MN)
59 Asia Pacific Oversized Cargo Transportation Market Outlook, By Fresh Transportation (2020-2028) ($MN)
60 Asia Pacific Oversized Cargo Transportation Market Outlook, By Food Transportation (2020-2028) ($MN)
61 South America Oversized Cargo Transportation Market Outlook, By Country (2020-2028) ($MN)
62 South America Oversized Cargo Transportation Market Outlook, By Type (2020-2028) ($MN)
63 South America Oversized Cargo Transportation Market Outlook, By Air Transportation (2020-2028) ($MN)
64 South America Oversized Cargo Transportation Market Outlook, By Railway Transportation (2020-2028) ($MN)
65 South America Oversized Cargo Transportation Market Outlook, By Road Transportation (2020-2028) ($MN)
66 South America Oversized Cargo Transportation Market Outlook, By Sea Transportation (2020-2028) ($MN)
67 South America Oversized Cargo Transportation Market Outlook, By Application (2020-2028) ($MN)
68 South America Oversized Cargo Transportation Market Outlook, By Construction Industry (2020-2028) ($MN)
69 South America Oversized Cargo Transportation Market Outlook, By Mineral Industry (2020-2028) ($MN)
70 South America Oversized Cargo Transportation Market Outlook, By Energy and Petrochemical Industry (2020-2028) ($MN)
71 South America Oversized Cargo Transportation Market Outlook, By Water Conservancy Industry (2020-2028) ($MN)
72 South America Oversized Cargo Transportation Market Outlook, By Metal and Mining (2020-2028) ($MN)
73 South America Oversized Cargo Transportation Market Outlook, By Raw Material Transportation (2020-2028) ($MN)
74 South America Oversized Cargo Transportation Market Outlook, By Fresh Transportation (2020-2028) ($MN)
75 South America Oversized Cargo Transportation Market Outlook, By Food Transportation (2020-2028) ($MN)
76 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Country (2020-2028) ($MN)
77 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Type (2020-2028) ($MN)
78 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Air Transportation (2020-2028) ($MN)
79 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Railway Transportation (2020-2028) ($MN)
80 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Road Transportation (2020-2028) ($MN)
81 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Sea Transportation (2020-2028) ($MN)
82 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Application (2020-2028) ($MN)
83 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Construction Industry (2020-2028) ($MN)
84 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Mineral Industry (2020-2028) ($MN)
85 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Energy and Petrochemical Industry (2020-2028) ($MN)
86 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Water Conservancy Industry (2020-2028) ($MN)
87 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Metal and Mining (2020-2028) ($MN)
88 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Raw Material Transportation (2020-2028) ($MN)
89 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Fresh Transportation (2020-2028) ($MN)
90 Middle East & Africa Oversized Cargo Transportation Market Outlook, By Food Transportation (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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