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Transport Services Market 2023, Industry Analysis, Top Manufacturers Forecast to 2032
Transport Services Market
As per the transport services market report by The Business Research Company, Faster Economic Growth: The transportation services market's growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period.
The global transport services market grew from $7197.32 billion in 2022 to $7993.46 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. 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 transport services market is expected to grow to $10568.92 billion in 2027 at a CAGR of 7.2%.
Read More On The Transport Services Market Report Here:
https://www.thebusinessresearchcompany.com/report/transport-services-global-market-report
Major competitors in the transport services market include United Parcel Service Inc., Amazon.com Inc., United States Postal Service, Deutsche Post AG, FedEx Corporation, Cargill, Incorporated, China Railway Corporation, A.P. Moller-Maersk A/S, Indian Railways, and JSC Russian Railways.
The transport services market is segmented -
• By Type: Air Transport, General Transport, Pipeline Transport, Rail Transport, Transit And Ground Passenger Transport, Truck Transport, Warehousing And Storage, Water Transport
• By Purpose: Commuter Travel, Tourism And Leisure Travel, Business Travel, Cargo And Freight Travel, Shipping And Delivery Travel
• By Destination: Domestic, International
• By End-Use Industry: Mining, Construction, Agriculture, Other End Use Industries. Asia-Pacific was the largest region in the transport services market.
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Transport services refer to a type of service that includes activities such as warehousing and storage services that are designed to assist people in moving from one location to another to obtain services or perform daily tasks that include the operation of warehousing and storage facilities for merchandise, refrigerated goods, and other materials.
The Table Of Content For The Transport services Market Include:
1. Executive Summary
2. Report Structure
3. Transport Services Market Characteristics
4. Transport Services Market Product Analysis
5. Transport Services Market Supply Chain
……
22. Key Mergers And Acquisitions In The Transport Services Market
23. Market Background: Transportation Services Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
The "Global Transport Services Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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