Cargo Transportation Market Overview
Cargo transportation market is growing at a CAGR of 6.8% for the forecast period of 2020-2026.
It is anticipated by all projections that the market will get a steady rise for the coming years. The market demand for cargo transportation is increasing in association with multiple market factors. The global market size is expanding in several countries that have a large consumer base. Several advancements in the auxiliary industries mark the success rate of the cargo transport market as wel
Market Research Future published a raw research report on the global cargo transportation market that contains the information from 2020–2026. The global cargo transportation market size is anticipated to register a CAGR of ~6.8% between 2020 and 2026 and reach an approximate value of USD 35.45 billion in 2026.
The global cargo transportation market size is anticipated to register a CAGR of ~6.8% between 2020 and 2026 and reach an approximate value of USD 35.45 billion in 2026.
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Industry News
- In March 2021, Amerijet delivered Covid-19 vaccines to the Caribbean and Central America on behalf of Odyssey Logistics Pvt. Ltd. These shipments were a part of India's Government gifted Covishield AstraZeneca vaccines manufactured by the Serum Institute of India.
- In March 2021,Crowley achieved a significant milestone in its 55,000-barrel articulated tug-barge (ATB) new-build project with the launch and christening at Greenbrier Marine of Qamun, a double-hulled petroleum barge designed explicitly for the Alaska fuels market.
In 2019, the Rail Transportation segment helda significant market share: MRFR
The global cargo transportation market has been segmented based on type, application, and region. Based on type, the global market is divided into rail transportation, road transportation, air transportation, and sea transportation. The rail transportation segment is anticipated to hold a significant market share.
Based on shipping category type, the global cargo transportation market is segmented Freight, Parcel, Express, and Others. The freight segment accounted for a significantly large share in the global market owing to the growing industrialization, especially in growing economies like China, and India.
Based on application, the global cargo transportation market is segmented into construction and mining, oil & gas, healthcare, food & beverages, and others. The construction and mining segment accounted for a significantly large share globally due to rapidly growing construction and mining projects.
Based on region, the cargo transportation market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific dominated the cargo transportation market in 2019. Growing industrial activities have supported the product growth in the region.
Competitive Landscape
There is a lot of competition in the global market between giants in the industry. There are several thousand cargo transportation companies in the world market. Countless local players are also making their presence in the industry. The latest technologies in the business are prompting a lot of corporations to move forward and take the baton in hand. The key players in the world market right now, are –
- Amerijet International Airlines (US)
- Crowley Maritime Corporation (US)
- DSV Panalpina A/S (Germany)
- Expeditors (US)
- Bohnet GmbH (Germany)
- Schumacher Cargo Logistics Inc. (US)
- APL (US)
- Orient Overseas Container Line Limited (Hong Kong)
- Panalpina Welttransport Holding AG (Switzerland)
- ISDB Logistik GmbH (Germany)
- Accenture PLC (Ireland)
- Manhattan Associates (US)
- CEVA Logistics (UK)
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Key industry participants in the cargo transportation industry include Amerijet International Airlines (US), Crowley Maritime Corporation (US), DSV Panalpina A/S (Germany), Expeditors (US), Bohnet GmbH (Germany), Schumacher Cargo Logistics Inc. (US), APL (US), Orient Overseas Container Line Limited (Hong Kong), Panalpina Welttransport Holding AG (Switzerland), and ISDB Logistik GmbH (Germany).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global cargo transportation market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis.
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