Transport Market Size Poised to Reach $9,180.44 Billion by 2028 with a 7.5% Compound Annual Growth Rate (CAGR) || Toyota Motor Corp, Volkswagen AG, Daimler AG, EXOR Group

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The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Transport Global Market Report 2023 identifies the transport manufacturing market has been aided by the rapid economic growth of developing countries during the historical period. 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. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period.

The transport market size has grown strongly in recent years. It will grow from $6,375.45 billion in 2023 to $6,880.47 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to economic growth, population growth, technological advancements, consumer behavior. The transport market size is expected to see strong growth in the next few years. It will grow to $9,180.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.

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Major competitors in the transport market include Toyota Motor Corp, Volkswagen AG, Daimler AG, EXOR Group, Fiat Chrysler Automobiles NV, Ford Motor Co, SAIC Motor Co Ltd., General Motors Co, Peugeot, United Parcel Service.

A key trend in the transport market includes virtual reality and augmented reality technologies are being widely used. While AR is a real-time integration of digital information with the user's environment, VR is a three-dimensional, computer-generated environment that can be explored and interacted with. These technologies benefit the manufacturing process by reducing rework, increasing quality, lowering labour costs, meeting timelines, improving safety, streamlining collaboration, design analysis approach, improving accuracy, aiding in project management, and presentation of product plans. Major transportation manufacturing companies utilizing AR and VR technologies include Toyota, Volkswagen Group, General Motors, and Daimler AG.

Read More On The Global Transport Market Report Here: https://www.thebusinessresearchcompany.com/report/transport-global-market-report

The transport market is segmented -

1) By Type: Motor Vehicle Parts, Motor Vehicles, Train And Components, Trailer, Motor Home, Travel Trailer And Camper, Ship And Boat Building And Repairing, All Other Transportation Equipment

2) By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services

3) By End-User: Transport Companies, Military, Other End Users

4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the transport market.

The Business Research Company's "Global Transport Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Transport Market Include:
1. Executive Summary
2. Transport Market Characteristic
3. Transport Market Trends And Strategies
4. Transport Market - Macro Economic Scenario
5. Transport Market Size And Growth
……………
27. Transport Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transport Market
29. Transport Market Future Outlook And Potential Analysis
30. Appendix

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