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Global General Transport Market Size, Share, and Forecast Analysis 2025-2029
General Transport Market
What Are the General Transport Market Size Forecast for 2025?
In the past few years, there has been significant growth in the overall transportation market. The market value is projected to escalate from $2463.25 billion in 2024 to $2657.47 billion by 2025, demonstrating a compound annual growth rate (CAGR) of 7.9%. Several factors have contributed to the growth in the historical period including economic development, increased global trade, urban growth, enhancement in manufacturing and supply chains, shifts in consumer behavior, and advancements in e-commerce.
What Is the Market Size Outlook for General Transport Until 2029?
The overall size of the general transport market is set to experience robust expansion in the forthcoming years. The market size is projected to reach $3656.32 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.3%. This growth during the forecasted period can be traced back to factors such as environmental sustainability, investments in infrastructure, digitization and automation, countermeasures for climate change, public transport, and multi-modal transportation. Key trends during this period comprise digitization and intelligent mobility, electric and self-driving vehicles, urban mobility solutions, and enhanced focus on e-mobility and micro-mobility.
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What Are the Strategic Drivers Boosting General Transport Market Performance?
Companies offering courier services have started to provide on-demand delivery services to ensure swift and efficient parcel delivery. Customers are offered the liberty to choose their parcel's delivery time and location, adding to their convenience. This service can even be merged with e-commerce platforms and point of sale systems, allowing courier firms to manage their operations more proficiently. As a result, not only is it more affordable, but it is also a faster and more dependable method of delivering parcels. For instance, UberRUSH, operating in New York, Chicago, and San Francisco, is an on-demand courier delivery service. These on-demand services are commonly used for the delivery of prescription medication, laundry pickup and delivery, fast food, and marijuana. Prominent on-demand delivery service providers include Postmates, Deliv, Sidecar, and Amazon Flex in the USA; PiggyBaggy in Finland, and Nimber in Norway.
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How Are End-Use Segments Shaping the General Transport Market Outlook?
The general transport market covered in this report is segmented -
1) By Type: Sightseeing Transport And Support Activities For Transport, Couriers And Messengers, Postal Services
2) By Shipment Category: Freight, Parcel, Express, Other Shipment Categories
3) By Application: Construction And Mining, Oil And Gas, Healthcare, Other Applications
Subsegments:
1) By Sightseeing Transport And Support Activities For Transport: Sightseeing Transport, Support Activities For Transport
2) By Couriers And Messengers: Couriers, Messengers
3) By Postal Services: Postal Delivery, Postal Services Management
What Are the Strategic Trends Transforming the General Transport Market Landscape?
To gain a competitive edge, prominent enterprises in the general transport services sector are advancing integrated systems that offer uninterrupted, extensive transport and logistic services to their clients. Integrated Solution is a resourceful logistics planning, settlement, and execution platform designed to maximize logistics effectiveness and financial efficiency through sophisticated analytics. For instance, in September 2023, 3SC Solutions, a supply chain solutions firm based in India, initiated iTMS (Intelligent Transport Management Solution). iTMS is a consolidated transport management solution employing artificial intelligence and data analytics to merge the information of the entire logistics transportation cycle. 3SC Solutions has put forward a system set to transform supply chain management.
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Who Are the Prominent Companies in the General Transport Market by ?
Major companies operating in the general transport market include Amazon.com Inc., United States Postal Service, United Parcel Service Inc., Deutsche Post AG, FedEx Corporation, Japan Post Holdings Company Ltd., Le Groupe La Poste, Royal Mail Group Limited, SF Express Co. Ltd., Canada Post Corporation, DHL International GmbH, Kuehne Nagel International AG, DB Schenker, Agility Logistics, Expeditors International of Washington Inc., BDP International Inc., CEVA Logistics, Damco International BV, DSV A/S, Geodis, Hellmann Worldwide Logistics SE & Co. KG, J.B. Hunt Transport Services Inc., Knight-Swift Transportation Holdings Inc., Landstar System Inc., Old Dominion Freight Line Inc., Ryder System Inc., Schneider National Inc., Swift Transportation, TFI International Inc., Werner Enterprises Inc., XPO Inc., Matson Inc., Crowley Maritime Corporation, Hapag-Lloyd AG, Mediterranean Shipping Company SA, Nippon Yusen Kabushiki Kaisha.
Which Region Is Expected to See the Highest CAGR in the General Transport Market?
Western Europe was the largest region in the general transport services market in 2024. Asia-Pacific was the second largest region in the general transport services market. The regions covered in the general transport services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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