Top Market Shifts Transforming the Transport Market Landscape: Key Insights

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Transport Market Through 2025?
The size of the transport market has seen robust growth in the past few years. It's projected to expand from $6941.93 billion in 2024 to $7522.07 billion in 2025, signifying a compound annual growth rate (CAGR) of 8.4%. Factors contributing to this significant growth in the historical period include economic development, a rise in population, technological breakthroughs, and consumer behaviour patterns.

What's the Projected Size of the Global Transport Market by 2029?
The size of the transportation market is forecasted to exhibit robust expansion in the upcoming years, with a projected value of $9968.7 billion by 2029, corresponding to a Compound Annual Growth Rate (CAGR) of 7.3%. The progression within this forecast period is linked to contributing factors such as environmental consciousness, urban development, global commerce, and supply chain dynamics, investment in infrastructure, digital transformation, shifts in demographics, along with E-commerce and final-mile delivery. Key trends within this forecast timeframe comprise of electrification and weight reduction, hi-tech materials, additive manufacturing, digitalization, and interconnectivity, alongside collaborative and partnering ventures.

View the full report here:
https://www.thebusinessresearchcompany.com/report/transport-global-market-report

Top Growth Drivers in the Transport Industry: What's Accelerating the Market?
The expansion of the transport manufacturing market has benefitted from the swift financial progress made by developing nations throughout the previous years. It is predicted by the International Monetary Fund (IMF) that there will be a 3.3% global GDP growth in 2020, followed by 3.4% in 2021. The market's progress is expected to be facilitated further by the rebound of commodity prices, which faced a significant fall during the historical period. During the period of projection, mature economies are projected to display steady growth. Moreover, it is expected that emerging markets will outpace mature markets in terms of growth rate during this period. Constant economic growth is projected to boost investments in end-user markets, pushing the market forward in the prediction period.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3019&type=smp

What Trends Will Shape the Transport Market Through 2029 and Beyond?
The COVID-19 pandemic posed a significant challenge to the transportation manufacturing market in 2020, with interruptions to supply chains due to trade restrictions and a fall in consumption due to worldwide government-imposed lockdowns. This infectious illness, which includes symptoms akin to the flu, such as fever, cough, and difficulty breathing, was first detected in Wuhan, China, in 2019 and has since spread across the globe, including Western Europe, North America, and Asia. The availability of parts and components sourced globally is a crucial factor for transportation manufacturers. The imposed restrictions on the transport of goods by various governments resulted in manufacturers stopping production due to a shortage of parts. Similarly, new automobile sales saw a significant drop due to declining consumer demand in many countries enforcing lockdowns. This crisis continues to inflict damage on businesses well into 2021. Nevertheless, it is anticipated that the transportation manufacturing market will rebound from this distress over the forecast period, as this event is an unexpected one-off occurrence and not tied to underlying or continuous market or global economic weaknesses.

What Are the Main Segments in the Transport Market?
The transport market covered in this report 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

Subsegments:
1) By Motor Vehicle Parts: Engine Components, Transmission And Drivetrain Parts, Suspension And Braking Components, Electrical And Electronic Parts
2) By Motor Vehicles: Passenger Cars, Commercial Vehicles (Trucks, Buses), Electric And Hybrid Vehicles
3) By Train And Components: Locomotives, Freight and Passenger Wagons, Rail Infrastructure Components (Tracks, Signaling Systems)
4) By Trailer: Freight Trailers, Tanker Trailers, Flatbed Trailers
5) By Motor Home: Class A Motorhomes, Class B Motorhomes (Camper Vans), Class C Motorhomes
6) By Travel Trailer and Camper: Fifth-wheel Trailers, Pop-up Campers, Toy Haulers
7) By Ship And Boat Building And Repairing: Commercial Ships (Cargo Ships, Tankers), Recreational Boats (Yachts, Speedboats), Naval And Defense Ships
8) By All Other Transportation Equipment: Aircraft And Aerospace Components, Bicycles And Motorcycles, Specialty Vehicles (Snowmobiles, ATVs)

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3019&type=smp

Which Top Companies are Driving Growth in the Transport Market?
Major companies operating in the transport market include Toyoto 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, Union Pacific Corporation, Uber, FedEx Corporation, Deutsche Post AG, Delta Air Lines, American Airlines Group, Southwest Airlines, United Airlines Holdings, Canadian National Railway, CSX Corporation, Norfolk Southern Corporation, Kansas City Southern, BNSF Railway, J.B. Hunt Transport Services inc., Schneider National Inc., XPO Inc., Ryder System Inc., Old Dominion Freight Line Inc., ArcBest Corporation, Expeditors International, C H Robinson Worldwide Freight India Pvt Ltd., Landstar System Inc., Werner Enterprises Inc., Knight-Swift Transportation Holdings Inc., Saia, Atlas Air Worldwide Holdings, Air Transport Services Group, Matson Inc., Crowley Maritime Corporation.

Which Regions Will Dominate the Transport Market Through 2029?
Western Europe was the largest region in the transport market in 2023. Asia-Pacific was the second largest region in the inland water transport market. The regions covered in the transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3019

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.