Global Transport Services Market Opportunities and Strategies to 2022 - ResearchAndMarkets.com

DUBLIN--()--The "Transport Services Global Market Opportunities and Strategies to 2022" report has been added to ResearchAndMarkets.com's offering.

The global transport services market reached a value of nearly $6,630.5 billion in 2018, having grown at a compound annual growth rate (CAGR) of 7.1% since 2014, and is expected to grow at a CAGR of 9.5% to nearly $9,450.6 billion by 2022.

Global Transportation Services Market Opportunities and Strategies to 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global transportation services market.

This report describes and evaluates the global transport services market. It covers two five-year periods, 2014 to 2018, termed the historic period, and 2018 through 2022, the forecast period.

Growth in the historic period resulted from strong economic growth in emerging markets, rising e-commerce platform, low oil prices and growth in mining activities. Factors that negatively affected growth in the historic period were weak wage growth in developed economies and changing consumer preference towards the ownership of private vehicles.

Going forward, economic growth and growing technology and emphasis on cutting carbon emissions will drive growth. Factors that could hinder the growth of the transport services market in the future include a shortage of drivers and operators and government regulations.

The global transport services market is segmented by type of service into air transportation, general transportation, pipeline transportation, rail transportation, truck transportation, water transportation, warehousing and storage and transit and ground passenger transportation. The general transportation market was the largest segment of the transport services market in 2018 at 30.4%. The pipeline transportation market is expected to be the fastest-growing segment going forward at a CAGR of 11.9%.

The general transportation market is further segmented into sightseeing transportation and support activities for transportation, couriers and messengers and postal services. Sightseeing transportation and support activities for transportation was the largest segment in the general transport services market accounting 55.2% of the share, reached a value of nearly $1,112.2 billion in 2018, having grown at 7.2% since 2014.

The global truck transportation market is further segmented into specialized freight trucking and general freight trucking. Specialized freight trucking was the largest segment in the global truck transportation market accounting for a 55.5% share, it reached a value of nearly $935.5 billion in 2018, having grown at 7.1% since 2014.

The global air transportation market is further segmented into passenger air transportation, air cargo services and chartered air transportation. Passenger air transportation was the largest segment in the global air transportation market accounting for an 83.2% share, it reached a value of nearly $763.0 billion in 2018, having grown at 11.4% since 2014.

The global water transportation market is further segmented into inland and deep sea, coastal and great lakes. Deep sea, coastal and great lakes were the largest segment in the global water transportation market accounting for a 96.6% share, it reached a value of nearly $530.0 billion in 2018, having grown at 7.1% since 2014.

The global transit and ground passenger transportation market is further segmented into charter bus services, taxi and limousine services and others. Other- transit and ground passenger transportation was the largest segment in the global transit and ground passenger transportation market accounting for a 64.8% share, it reached a value of nearly $302.2 billion in 2018, having grown at 7.7% since 2014.

The global rail transportation market is further segmented into passenger rail transportation and rail freight. Passenger rail transportation was the largest segment in the global rail transportation market accounting for a 75.2% share, it reached a value of nearly $280.6 billion in 2018, having grown at 10.4% since 2014.

The global warehousing and storage market is further segmented into general warehousing and storage, refrigerated warehousing and storage and others. General warehousing and storage was the largest segment in the global warehousing and storage market accounting for a 46.2% share, it reached a value of nearly $199.1 billion in 2018, having grown at 9.6% since 2014.

The global pipeline transportation market is further segmented into natural gas pipeline transportation, crude oil pipeline transportation and others. Natural gas pipeline transportation was the largest segment in the global pipeline transportation market accounting for a 52.9% share, it reached a value of nearly $103.2 billion in 2018, having grown at 14.0% since 2014.

The global transport services market is segmented by purpose into commuter travel, tourism and leisure travel, business travel, cargo and freight travel and shipping and delivery travel. The cargo and freight travel was the largest segment of the transport services market in 2018 at 33.4%. The commuter travel is expected to be the fastest-growing segment going forward at a CAGR of 8.9%.

Asia-Pacific was the largest market for transport services market, accounting for 32.7% of the global market in 2018. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest growing regions in the transport services market will be Africa and Asia-Pacific, where growth will be at CAGRs of 13.1% and 13% respectively. These will be followed by the Middle East and Eastern Europe where the market is expected to grow at CAGRs of 13% and 11% respectively.

The top ten competitors in the global transport services market made up 8.8% of the total market in 2018. Major players in the market include China National Railway Group Co., Ltd., United Parcel Service, Inc., United States Postal Service, Deutsche Post DHL Group and FedEx Corporation.

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900