The Oversized Cargo Transportation Global Market Report 2023 by The Business Research Company, provides oversized cargo transportation market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Oversized Cargo Transportation Global Market Report 2023, the market size is expected to grow from$191.25 billion in 2022 to $200.49 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global oversized cargo transportation market size is expected to grow to $236.71 billion in 2027 at a CAGR of 4.2%.
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.
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The oversized cargo transportation market is segmented:
1) By Type: Road Transportation, Rail Transportation, Sea Transportation, Air Transportation
2) By Application: Construction Industry, Mineral Industry, Petrochemical Industry, Other Applications
3) By End Use: Food And Drug, Manufacturing, Other End Uses
Technological Advancements are a key trend gaining popularity in the oversized cargo transportation market. Major companies operating in the oversized cargo transportation market are focused on developing innovative transportation technology to strengthen their position. For instance, in December 2020, Atlas LTA Advanced Technology, Ltd., an Israel-based aerospace engineering firm that manufactures aerostats, airships, and balloons, launched the ‘ATLANT Cargo Airship’ an innovative transportation technology. Its unique feature is that it is developed with unmanned cargo operation and adaptive mooring. It is a hybrid cargo airship that is capable of carrying up to 165 tons and range of 2,000 km with VTOL (vertical take-off and landing) capabilities and hybrid electric propulsion.
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 – Macro Economic Scenario
5. Oversized Cargo Transportation Market Size And Growth
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26. Africa Oversized Cargo Transportation Market
27. Oversized Cargo Transportation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Oversized Cargo Transportation Market
29. Oversized Cargo Transportation Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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