Transport Services Market Worldwide Industry Share, Size, Trends, Future Demand And Forecast Till 2022

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The transport services market consists of sales of transportation services and related goods by entities (organizations, sole traders and partnerships) that transport goods and people from one location to another for an amount or fee. The transportation services industry includes establishments that provide services to move people, goods and materials through air, rail, road, water, and pipeline.

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.

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The top opportunities in the transport services market will arise in the general transportation market segment, which will gain $867.4 billion of global annual sales by 2022. The transport services market size will gain the most in the China at $782.1 billion. Market-trend-based strategies for the transportation services market include adopting head on generation technology to reduce carbon footprints, exploring social media to address their passengers, investing in truck platooning to reduce costs.

Transport Services Market Segmentation: -
By Type Of Service - The transport services market can be segmented by type into
1. General Transportation
2. Truck Transportation
3. Air Transportation
4. Water Transportation
5. Transit And Ground Passenger Transportation
6. Warehousing And Storage
7. Rail Transportation
8. Pipeline 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%.

By Purpose - The transport services market can be segmented by type into
1. Cargo And Freight
2. Tourism And Leisure Travel
3. Transportation Support Activities
4. Commuter Travel
5. Shipping And Delivery
6. Business 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%.

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By Geography - The transport services market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa

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, Africa and Asia-Pacific will be the fastest growing regions in this market.

Some of the major key players involved in the transport services market are China National Railway Group Co., Ltd., United Parcel Service, Inc., United States Postal Service, Deutsche Post DHL Group, FedEx Corporation, Deutsche Bahn AG, Delta Air Lines, Inc., Lufthansa Group, United Continental Holdings, Inc., Russian Railways, Deutsche Post DHL Group, United Parcel Service, FedEx, American Airlines Group, Air France - KLM, International Airlines Group.

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