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Oversized Cargo Transportation Market Size, Scope Analysis, Key Insights, Leading Key Players, And Forecast To 2033
"The new report published by The Business Research Company, titled Oversized Cargo Transportation Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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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.
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 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
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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
Contents of the report:
1. Executive Summary
2. Oversized Cargo Transportation Market Report Structure
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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