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Oversized Cargo Transportation Market 2024: Size, Segmentation, Application, Outlook, and Opportunities Analysis Through 2033
Oversized Cargo Transportation Market
The Business Research Company offers in-depth market insights through Oversized Cargo Transportation Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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. .
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Market Segmentation:
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 Driver - Oversized Cargo Transportation Market Set To Expand With Growth In The Construction Industry
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.
Competitive Landscape:
Major companies operating in the oversized cargo transportation market report are Kintetsu World Express, Inc, A.P. Møller - Mærsk A/S, Deutsche Bahn AG, DSV A/S, Landstar System, Inc,Daseke Inc., Mammoet North America, Orient Overseas Container Line Limited, Barnhart Crane & Rigging, Lynden Incorporated, Equity Logistics Australia, Bayus Bali Cargo, CJ Logistics, Allcargo Logistics Ltd, Swanson Transport Ltd, ULSI Logistics Services, DMA Cargo Srl, Pastrello Autotrasporti S.r.l, DHL Supply Chain & Global Forwarding, DB Schenker, Sarens, Barrington Freight Ltd, Europages, Acirfa Shipping International S.L, Agora Freight, New Wave International Cargo Sp. z o.o. Sp, Komandytowa, PANAS TRANSPORT, Black Sea Crown Logistic SRL, Watco Companies LLC, Omni Logistics, Ameritrans Freight International, Expeditors International, Sea Cargo Logistics, Schumacher Cargo Logistics, Crowley Maritime Corporation, Amerijet International Inc., Global Shipping Services LLC, Mullen Group Ltd, Latin American Cargo (LAC), Almajdouie Logistics, Jenae Logistics, Platinum Shipping & Logistics, Prime Shipping Agency LLC, Willem Steenkamp Transport, Spedag Interfreight, Tristar Transport
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Top Trend - AI Integration Driving Optimization In Oversized Cargo Transportation Market
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 Table Of Content For The Market Report Include:
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
…..
27. Oversized Cargo Transportation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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