Global Transport Services Market

The global transport services market is estimated to register a high CAGR during the forecast period, between 2021 and 2028. Transport services refer to the use of transportation to carry people, money, papers, and packages. Transportation services include both products and people transit through rail, air, water, road, and pipeline. Transportation services are concerned with the effective and efficient administration of everyday travel activities as well as the manufacturing of the company's completed goods.

Get Free Sample Report

Market Trends, Drivers, Restraints, and Opportunities:

• Rising e-commerce business, as well as an increase in reverse logistics operations and trade agreements, is estimated to drive the market expansion.
• Increased government investment in public transportation development is expected to increase the global transportation service market.
• The rise in tech-driven transport services, as well as the growing usage of IoT-enabled linked devices, are also expected to boost the market expansion.
• Public transportation has the ability to provide secure and low-cost transportation to citizens in order to promote a healthy environment and strong metropolitan areas by reducing pollution and traffic, which is estimated to fuel market growth.  
• Lack of manufacturer control over transportation services and greater transportation costs can hinder market expansion.
• Growing number of high-tech vehicles, as well as the advancement of mobile technology, are estimated to create attractive opportunities in the transport service market.

Scope of the report:

The report on transport services includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Transport Services Market Segment Insights:

Road segment is projected to hold significant market share

Based on types, the transport services market can be segmented into air, road, water, and pipeline. The air segment can be divided into air cargo services, chartered air transportation, and passenger air transportation. The rail segment can be bifurcated into rail freight and passenger rail transportation. Additionally, the road segment can be further fragmented into transit & ground passenger transportation and trucks. The transit & ground passenger transportation segment can be segregated into commuter rail & public bus services, charter bus services, school & employee bus services, taxi & limousine services, and others. The trucks can be categorized as general freight trucking and specialized freight trucking. Furthermore, the water segment can be fragmented into deep sea, coastal, & great lakes transportation, and inland water transportation. The pipeline segment can be fragmented into refined petroleum products pipeline transportation, gas pipeline transportation, crude oil pipeline transportation, and others. The road segment is projected to hold significant market share. Rapid technological improvements and the growing significance of e-commerce are major factors expected to drive the freight road transport market during the forecast period.

Get Free Sample Report

E-commerce segment is anticipated to account for a substantial share

On the basis of end-users, the market can be segregated into aerospace, banking & financial services, e-commerce, government & public utilities, healthcare, manufacturing, media & entertainment, retail, schools, telecommunication, trade & transportation, and others. The e-commerce segment is anticipated to account for a substantial share. Rising internet usage, as well as benefits such as free and quick returns/exchanges, decreased shipping costs, and fast delivery, are all contributing to the segment growth.

Get Free Sample Report

Asia Pacific is expected to dominate the market

In terms of regions, the transport services market can be classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market, owing to presence of strong economies such as India, Japan, China, and South Korea. The expansion of the e-commerce sector, combined with the presence of a well-established supply chain network catering to various industries such as shipbuilding, automotive, consumer goods manufacturing, and heavy machinery manufacturing, is increasing the demand for material handling and cargo transportation.

Get Free Sample Report

Segments

Segments Covered in the Report:

By Types

• Air
  • Air Cargo Services
  • Chartered Air Transportation
  • Passenger Air Transportation
• Rail
  • Rail Freight
  • Passenger Rail Transportation
• Road
  • Transit & Ground Passenger Transportation
    • Commuter Rail & Public Bus Services
    • Charter Bus Services
    • School & Employee Bus Services
    • Taxi & Limousine Services
    • Others 
  • Trucks
    • General Freight Trucking
    • Specialized Freight Trucking
• Water
  • Deep Sea, Coastal, & Great Lakes Transportation
  • Inland Water Transportation
• Pipeline
  • Refined Petroleum Products Pipeline Transportation
  • Natural Gas Pipeline Transportation
  • Crude Oil Pipeline Transportation
  • Others   

By End-users

• Aerospace
• Banking & Financial Services
• E-commerce
• Government & Public Utilities
• Healthcare
• Manufacturing
• Media & Entertainment
• Retail
• Schools
• Telecommunication
• Trade & Transportation
• Others

By Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Competitive Landscape

Key players in the transport services market are Uber; FedEx Corp.; Ford Mobility; Ola Cabs; DTDC Express Limited; P. Moller – Maersk; Cubic Transportation Systems; Consat; H. Robinson Worldwide, Inc.; DSV Global Transports and Logistics; and XPO Logistics Inc. These players have constantly engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.