Transportation Services Market
Transportation Services Market Forecasts to 2030 - Global Analysis By Transport Type (Air Transport, General Transport, Pipeline Transport and Other Transport Types), Purpose (Commuter Travel, Business Travel, Cargo and Freight Travel, Shipping and Delivery Travel and Tourism and Leisure Travel), End User (Mining, Construction, E-commerce and Other End Users) and By Geography
According to Stratistics MRC, the Global Transportation Services Market is accounted for $8.04 trillion in 2023 and is expected to reach $15.09 trillion by 2030 growing at a CAGR of 10.11% during the forecast period. Companies that move goods and people between locations for a fee or payment are considered transportation services. The air, marine, rail, and road freight sectors make up the transportation services sector. Businesses that provide services to transfer goods and materials through pipelines, rails, and roads are included in the transportation services industry. The consistent economic growth that many developing and developed countries are expected to experience is what is driving the expansion of the transportation services market.
According to forecasts from the International Monetary Fund (IMF), global GDP growth will be 3.3% in 2020 and 3.4% in 2021. It is also likely that recovering commodity prices, which experienced a considerable decrease in the recent past, will support market expansion.
Market Dynamics:
Driver:
Rapid growth of e-commerce industry
One of the main factors bolstering the transportation market share is the expansion of the e-commerce sector. The sharp increase of online sales across the board and the growing popularity of e-commerce have emerged as key market drivers. Technology has been incorporated into logistics operations to enhance the overall customer experience, including warehouse automation, route optimization, and real-time shipment tracking. As the e-commerce market grows, transportation companies are expanding their services to meet changing customer demands.
Restraint:
Vulnerable to season and weather impacts
Weather and seasonal changes can have an impact on transportation infrastructure and travel. For example, in the event of erratic weather conditions, roads become unfit and unsafe for use during rain or floods. Moreover, fuel costs, regular vehicle maintenance, and infrastructure all contribute to the cost of transportation.
Opportunity:
Increasing technology and focus on safety
Technology can be used to improve productivity, streamline processes, and provide customers with better service. This can involve managing and interacting with drivers and customers using dispatch software, GPS tracking, and mobile apps. Building a successful transportation company also depends on ensuring the safety of drivers and passengers. Due to this, on-demand transportation services and subscription-based business models are expected to witness a surge during the forecast period.
Threat:
Rise in air Pollution
Air pollution is largely caused by transportation. The main contributors to global warming are greenhouse gases released by vehicles such as cars, trucks, buses, airplanes, and ships. Along with other pollutants that contribute to smog, acid rain, and other environmental problems, vehicles also emit particulate matter, nitrogen oxides, and sulfur dioxide. Such factors are impeding market expansion.
Covid-19 Impact
The COVID-19 outbreak, which led to lockdowns and restrictions on the movement of people and goods, severely restricted the market for transportation services. In an effort to stop the spread, national governments have reduced economic activity and put several nations on lockdown for the duration of the pandemic. Due to the decreased revenue and increased costs associated with implementing safety measures to protect customers and employees, some transportation companies also experienced financial difficulties. However, as the lockdown eases, the market for transportation services has started to recover.
The air transport segment is expected to be the largest during the forecast period
During the forecast period, the air transport segment is expected to hold the largest share of the market. Large groups of people and bulky cargo can be transported quickly and anywhere in the world using aviation. Compared to other modes of transportation like the road, rail, or water, it is much faster. It is frequently used in national emergencies due to its speed. No natural obstacles, such as mountains, rivers, or anything else that could slow it down, exist in air transport. Furthermore, air transportation can also be used to deliver people and cargo to places that are inaccessible to other modes of transportation.
The e-commerce segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the e-commerce segment is expected to grow at the highest CAGR. E-commerce businesses require a wide range of logistics services, including shipping, warehousing, and last-mile delivery. As a result, specialized logistics companies with an exclusive focus on e-commerce have emerged. In addition to opening up new markets and business opportunities, the expansion of e-commerce has made it possible for logistics service providers to provide cross-border shipping and fulfillment services. Therefore, the expansion of the e-commerce sector is anticipated to fuel the expansion of the global market.
Region with largest share:
The Asia-Pacific region is estimated to witness the largest market share due to an increase in the manufacture and sales of passenger vehicles in China, South Korea, and India. The expansion of the e-commerce industry and the existence of a strong supply chain network serving a number of industries, including shipbuilding, automotive, consumer goods manufacturing, and heavy machinery manufacturing, are also contributing to the rise in demand for cargo transportation, material handling, and public transportation. As a result, it is anticipated that the market for public transportation services in the area will expand in this region.
Region with highest CAGR:
The United States, Mexico, and Canada hold the majority of the market share in North America for transportation services. One of the primary factors driving the expansion of the transportation market in the region is the rising demand for imported goods from North American nations in emerging economies like Indonesia, Thailand, and India. With a highly integrated supply chain network connecting producers and consumers via a variety of transport methods, including air and express delivery services, freight rail, maritime transport, and truck transport, the United States currently represents one of the region's key markets for logistics as well as transportation services.
Key players in the market
Some of the key players profiled in the Transportation Services Market include A.P. Moller-Marsk A/S, Amazon.com inc, Cargill Incorporated, China Airlines, China Railway Corporation, Delta Air Lines Inc., Deutsche Post AG, Emirates Group, FedEx Corporation, Indian Railways, JSC Russian Railway, United Airlines Inc, United Parcel Service Inc. and United States Postal Service .
Key Developments:
In July 2023, Denise Press and Marcy Robbins are thrilled to announce their recent acquisition of CountryWide Transportation, Inc., a prominent logistics and transportation company established in 1985. This strategic move marks a significant milestone in their careers, bringing decades of combined experience in law, finance, strategy, sales, partnerships, operations, and logistics. Their fresh perspective, commitment to exceptional service, and people-first approach set them apart as dynamic entrepreneurs.
In July 2023, Coal India Ltd, the Paradip Port Authority, and the Inland waterways authority of India, are looking to invest up to 120 billion rupees ($1.46 billion) to establish an industrial water transport corridor in the country’s east, two government sources said.
In July 2023, Beyond Ride, the leading provider of non-emergency medical transportation services, is thrilled to announce its expansion to Spokane, WA. This expansion aims to address the transportation needs of the mobility-impaired community members in Spokane by offering instant booking for affordable rides starting at only $40.
Transport Types Covered:
• Air Transport
• General Transport
• Pipeline Transport
• Rail Transport
• Transit and Ground Passenger Transport
• Truck Transport
• Warehousing and Storage
• Water Transport
Purposes Covered:
• Commuter Travel
• Business Travel
• Cargo and Freight Travel
• Shipping and Delivery Travel
• Tourism and Leisure Travel
End Users Covered:
• Mining
• Construction
• E-commerce
• Consumer Goods
• Automotive
• Electronics
• Food and Beverage
• Healthcare
• Manufacturing
• Other End Users
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 2021, 2022, 2023, 2026 and 2030
- 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 End User 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 Transportation Services Market, By Transport Type
5.1 Introduction
5.2 Air Transport
5.2.1 Passenger Air Transport
5.2.2 Chartered Air Transport
5.2.3 Air Cargo Services
5.3 General Transport
5.3.1 Sightseeing Transport & Support Activities for Transport
5.3.2 Couriers and Messengers
5.3.3 Postal Services
5.3.4 Freight Forwarding
5.4 Pipeline Transport
5.4.1 Crude Oil Pipeline Transport
5.4.2 Natural Gas Pipeline Transport
5.4.3 Refined Petroleum Products Pipeline Transport
5.4.4 Other Pipeline Transport
5.5 Rail Transport
5.5.1 Passenger Rail
5.5.2 Rail Freight
5.6 Transit and Ground Passenger Transport
5.6.1 Commuter Rail and Public Bus Services
5.6.2 Taxi and Limousine Services
5.6.3 School and Employee Bus Services
5.6.4 Charter Bus Services
5.6.5 Other Transit and Ground Passenger Transport
5.7 Truck Transport
5.7.1 General Freight Trucking
5.7.2 Specialized Freight Trucking
5.8 Warehousing and Storage
5.8.1 General Warehousing and Storage
5.8.2 Refrigerated Warehousing and Storage
5.8.3 Specialized Warehousing and Storage
5.8.4 Farm Product Warehousing and Storage
5.9 Water Transport
5.9.1 Deep Sea, Coastal, And Great Lakes
5.9.2 Inland Water Transport
6 Global Transportation Services Market, By Purpose
6.1 Introduction
6.2 Commuter Travel
6.3 Business Travel
6.4 Cargo and Freight Travel
6.5 Shipping and Delivery Travel
6.6 Tourism and Leisure Travel
7 Global Transportation Services Market, By End User
7.1 Introduction
7.2 Mining
7.3 Construction
7.4 E-commerce
7.5 Consumer Goods
7.6 Automotive
7.7 Electronics
7.8 Food and Beverage
7.9 Healthcare
7.10 Manufacturing
7.11 Other End Users
8 Global Transportation Services Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 A.P. Moller-Marsk A/S
10.2 Amazon.com inc.
10.3 Cargill Incorporated
10.4 China Airlines
10.5 China Railway Corporation
10.6 Delta Air Lines Inc.
10.7 Deutsche Post AG
10.8 Emirates Group
10.9 FedEx Corporation
10.10 Indian Railways
10.11 JSC Russian Railway
10.12 United Airlines Inc
10.13 United Parcel Service Inc.
10.14 United States Postal Service
List of Tables
1 Global Transportation Services Market Outlook, By Region (2021-2030) ($MN)
2 Global Transportation Services Market Outlook, By Transport Type (2021-2030) ($MN)
3 Global Transportation Services Market Outlook, By Air Transport (2021-2030) ($MN)
4 Global Transportation Services Market Outlook, By Passenger Air Transport (2021-2030) ($MN)
5 Global Transportation Services Market Outlook, By Chartered Air Transport (2021-2030) ($MN)
6 Global Transportation Services Market Outlook, By Air Cargo Services (2021-2030) ($MN)
7 Global Transportation Services Market Outlook, By General Transport (2021-2030) ($MN)
8 Global Transportation Services Market Outlook, By Sightseeing Transport & Support Activities for Transport (2021-2030) ($MN)
9 Global Transportation Services Market Outlook, By Couriers and Messengers (2021-2030) ($MN)
10 Global Transportation Services Market Outlook, By Postal Services (2021-2030) ($MN)
11 Global Transportation Services Market Outlook, By Freight Forwarding (2021-2030) ($MN)
12 Global Transportation Services Market Outlook, By Pipeline Transport (2021-2030) ($MN)
13 Global Transportation Services Market Outlook, By Crude Oil Pipeline Transport (2021-2030) ($MN)
14 Global Transportation Services Market Outlook, By Natural Gas Pipeline Transport (2021-2030) ($MN)
15 Global Transportation Services Market Outlook, By Refined Petroleum Products Pipeline Transport (2021-2030) ($MN)
16 Global Transportation Services Market Outlook, By Other Pipeline Transport (2021-2030) ($MN)
17 Global Transportation Services Market Outlook, By Rail Transport (2021-2030) ($MN)
18 Global Transportation Services Market Outlook, By Passenger Rail (2021-2030) ($MN)
19 Global Transportation Services Market Outlook, By Rail Freight (2021-2030) ($MN)
20 Global Transportation Services Market Outlook, By Transit and Ground Passenger Transport (2021-2030) ($MN)
21 Global Transportation Services Market Outlook, By Commuter Rail and Public Bus Services (2021-2030) ($MN)
22 Global Transportation Services Market Outlook, By Taxi and Limousine Services (2021-2030) ($MN)
23 Global Transportation Services Market Outlook, By School and Employee Bus Services (2021-2030) ($MN)
24 Global Transportation Services Market Outlook, By Charter Bus Services (2021-2030) ($MN)
25 Global Transportation Services Market Outlook, By Other Transit and Ground Passenger Transport (2021-2030) ($MN)
26 Global Transportation Services Market Outlook, By Truck Transport (2021-2030) ($MN)
27 Global Transportation Services Market Outlook, By General Freight Trucking (2021-2030) ($MN)
28 Global Transportation Services Market Outlook, By Specialized Freight Trucking (2021-2030) ($MN)
29 Global Transportation Services Market Outlook, By Warehousing and Storage (2021-2030) ($MN)
30 Global Transportation Services Market Outlook, By General Warehousing and Storage (2021-2030) ($MN)
31 Global Transportation Services Market Outlook, By Refrigerated Warehousing and Storage (2021-2030) ($MN)
32 Global Transportation Services Market Outlook, By Specialized Warehousing and Storage (2021-2030) ($MN)
33 Global Transportation Services Market Outlook, By Farm Product Warehousing and Storage (2021-2030) ($MN)
34 Global Transportation Services Market Outlook, By Water Transport (2021-2030) ($MN)
35 Global Transportation Services Market Outlook, By Deep Sea, Coastal, And Great Lakes (2021-2030) ($MN)
36 Global Transportation Services Market Outlook, By Inland Water Transport (2021-2030) ($MN)
37 Global Transportation Services Market Outlook, By Purpose (2021-2030) ($MN)
38 Global Transportation Services Market Outlook, By Commuter Travel (2021-2030) ($MN)
39 Global Transportation Services Market Outlook, By Business Travel (2021-2030) ($MN)
40 Global Transportation Services Market Outlook, By Cargo and Freight Travel (2021-2030) ($MN)
41 Global Transportation Services Market Outlook, By Shipping and Delivery Travel (2021-2030) ($MN)
42 Global Transportation Services Market Outlook, By Tourism and Leisure Travel (2021-2030) ($MN)
43 Global Transportation Services Market Outlook, By End User (2021-2030) ($MN)
44 Global Transportation Services Market Outlook, By Mining (2021-2030) ($MN)
45 Global Transportation Services Market Outlook, By Construction (2021-2030) ($MN)
46 Global Transportation Services Market Outlook, By Agriculture (2021-2030) ($MN)
47 Global Transportation Services Market Outlook, By Consumer Goods (2021-2030) ($MN)
48 Global Transportation Services Market Outlook, By Automotive (2021-2030) ($MN)
49 Global Transportation Services Market Outlook, By Electronics (2021-2030) ($MN)
50 Global Transportation Services Market Outlook, By Food and Beverage (2021-2030) ($MN)
51 Global Transportation Services Market Outlook, By Healthcare (2021-2030) ($MN)
52 Global Transportation Services Market Outlook, By Manufacturing (2021-2030) ($MN)
53 Global Transportation Services Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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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