The Oversized Cargo Transportation by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Oversized Cargo Transportation, The oversized cargo transportation market size has grown steadily in recent years. It will grow from $199.07 billion in 2023 to $208.58 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to emerging markets growth, the growing construction industry, growth in the renewable energy sector, the increasing government support and growth of air cargo transportation..
The oversized cargo transportation market size is expected to see steady growth in the next few years. It will grow to $251.58 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to global population growth and urbanization, the growing automotive industry, the rising international trade and the rising demand for raw materials from the manufacturing industries.. Major trends in the forecast period include expansion of heavy cargo transport stations, focus on launch of new cargo centers to strengthen transportation services, rise in strategic mergers and acquisitions by market players, precision scheduled railroading to increase efficiency of rail network, use of artificial intelligence (ai) to provide real time analytics and integration in cargo transportation vehicles, iot (internet of things) in transportation vehicles and fleet management software to improve efficiencies. .
Expansion of the construction industry is expected to propel the oversized cargo transportation market going forward. The construction industry refers to the industrial branch of manufacturing and trade related to building, repairing, renovating, and maintaining infrastructures. Oversized cargo transportation is used in the construction industry to transport building equipment and pre-built containers, thus, an increase in the construction industry will propel the market growth. For instance, in 2021, according to Oxford Economics, a UK-based provider of global economic forecasting, and analysis, the global construction grew by 6.6% in 2021, and further, the global construction is expected to grow by 35% by 2030. Therefore, the expansion of the construction industry is driving the oversized cargo transportation market.
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The oversized cargo transportation market covered in this report is segmented –
1)By Type: Road Transportation, Rail Transportation, Sea Transportation, Air Transportation
2)By End Use: Agriculture Machinery, Construction Machinery, Military Machinery, One-Piece Structure And Installations, Industrial Equipment, Aircraft And Watercraft, Other End Uses
Major companies in the oversized cargo transportation market are focusing on using artificial intelligence (AI) to provide accurate analysis and provide real-time transport operations, transportation planning and predictive operations. Artificial Intelligence in oversized cargo transportation helps to optimize operations and increase capacity. For example, in December 2022, CJ Logistics, a South Korean logistics company, launched The Unban, a freight transportation platform that directly connects senders and freight trucks through artificial intelligence and big data technology. The platform allows a freight truck owner to select a transportation bid after a bidder uploads information, such as point of departure, destination and cargo type.
The oversized cargo transportation market report table of contents includes:
1. Executive Summary
2.Oversized Cargo Transportation Market Characteristics
3. Oversized Cargo Transportation Market Trends And Strategies
4. Oversized Cargo Transportation market analysis
5. Oversized Cargo Transportation Market Size And Growth
6. Oversized Cargo Transportation Segmentation
7.Oversized Cargo Transportation Regional And Country Analysis
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27.Oversized Cargo Transportation Competitive Landscape And Company Profiles
28.Oversized Cargo Transportation Key Mergers And Acquisitions
29.Oversized Cargo Transportation Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Kintetsu World Express
- Inc.
- A.P. Møller – Mærsk A/S
- Deutsche Bahn AG
- DSV A/S
- Landstar System
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