Cargo Transportation Market Growth, Size, Trends, Share, Revenue, Challenges and Future Outlook
Cargo Transportation Market Size- By Mode of Transportation, By Deployment, By Solution, End-Use Industry- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032
| Published: Mar-2023 | Report ID: AMIN2364 | Pages: 1 - 244 | Formats*: |
| Category : Automotive & Transportation | |||
Cargo Transportation Market Introduction and Overview
According to SPER Market Research, the Global Cargo Transportation Market is estimated to reach USD 19.31 billion by 2032 with a CAGR of 4.94%.
The report includes an in-depth analysis of the global Cargo Transportation market, including market size and trends, Procedure mix, distribution channels, and supplier analysis. Cargo transportation refers to the movement of goods or merchandise from one location to another using various modes of transportation, such as trucks, ships, trains, or airplanes. It involves the logistics and management of transporting cargo efficiently and securely to its intended destination.
- Globalization and international trade: The increasing interconnectedness of economies and the rise in international trade drive the demand for cargo transportation services to facilitate the movement of goods across borders.
- E-commerce expansion: The rapid growth of e-commerce has significantly increased the need for efficient and timely transportation of goods, driving the demand for cargo transportation services.
Market Opportunities and Challenges
The global cargo transportation market is driven by factors such as globalization and international trade, as economies become more interconnected and require efficient movement of goods across borders. The rapid expansion of e-commerce has amplified the need for timely and efficient transportation services. Investments in transportation infrastructure, including ports and airports, improve connectivity and efficiency. Additionally, the outsourcing of logistics activities by companies increases the demand for cargo transportation services provided by third-party logistics providers. These drivers collectively contribute to the growth and expansion of the global cargo transportation market.
However, the global cargo transportation market faces challenges including infrastructure limitations, regulatory complexities, security risks, and environmental concerns. Insufficient transportation infrastructure, regulatory compliance complexities, security breaches, and environmental impact pose hurdles to the efficient and sustainable movement of goods. Overcoming these challenges requires investment in infrastructure, streamlined regulations, enhanced security measures, and sustainable practices to ensure the smooth functioning of the cargo transportation market.
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Market Competitive Landscape
The global Cargo Transportation is characterized by high competition, with multiple players operating in the industry. The key players in the global Cargo Transportation market include Expeditors International, Orient Overseas Container Line Limited, Dextra Group, Schumacher Cargo Logistics, Global Shipping Services, LLC, TAD Group, Crowley Maritime Corporation, ISDB Logistik GmbH, R Group, DB Schenker, IB Cargo, PANALPINA WORLD TRANSPORT (HOLDING) LTD, APL, Lynden STA Logistic, DSV, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Mode of Transportation, By Deployment, By Solution, End-Use Industry |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Expeditors International, Orient Overseas Container Line Limited, Dextra Group, Schumacher Cargo Logistics, Global Shipping Services, LLC, TAD Group, Crowley Maritime Corporation, ISDB Logistik GmbH, R Group, DB Schenker, IB Cargo, PANALPINA WORLD TRANSPORT (HOLDING) LTD, APL, Lynden STA Logistic, DSV, Others |
COVID-19 Impact on Global Cargo Transportation Market
The COVID-19 pandemic has posed safety measures and operational challenges for cargo transportation companies, including implementing sanitization protocols, social distancing, and reduced staffing levels. Trade restrictions and border closures disrupted the flow of goods, especially in cross-border operations. Uncertainty and market volatility created challenges in planning and forecasting due to fluctuating fuel prices and exchange rates. However, cargo transportation plays a crucial role in distributing vaccines, medical supplies, and aiding economic recovery. The industry's ability to adapt and build resilience will be vital for future growth as ongoing challenges and opportunities emerge.
Key Target Audience
- Companies involved in international trade
- Freight forwarders and logistics providers
- Importers and exporters
- Retailers and e-commerce companies
- Shipping and freight companies
- Supply chain professionals and consultants
- Third-party logistics (3PL) providers
- Others
Our in-depth analysis of the Cargo Transportation Market includes the following segments:
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| By Deployment: |
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| By Solution: |
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| By End-Use Industry: |
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Key Topics Covered in the Report
- Global Cargo Transportation Market Size (FY’2022-FY’2032)
- Overview of Global Cargo Transportation Market
- Segmentation of Global Cargo Transportation Market By Mode of Transportation (Rail Transportation, Road Transportation, Seaborne Transportation, Air Transportation)
- Segmentation of Global Cargo Transportation Market By Deployment (On-Premise, Cloud)
- Segmentation of Global Cargo Transportation Market By Solution (Transportation Security and Monitoring System, Warehouse Management System, Transportation Mobility Solution, Transportation Cost Management, Transportation 3PL Solutions, Other Solutions)
- Segmentation of Global Cargo Transportation Market By End-Use Industry (Aerospace and Defence, Automotive, Consumer and Retail, Energy and Power, Food and Beverage, Oil and Gas, Other End User)
- Statistical Snap of Global Cargo Transportation Market
- Expansion Analysis of Global Cargo Transportation Market
- Problems and Obstacles in Global Cargo Transportation Market
- Competitive Landscape in the Global Cargo Transportation Market
- Impact of COVID-19 and Demonetization on Global Cargo Transportation Market
- Details on Current Investment in Global Cargo Transportation Market
- Competitive Analysis of Global Cargo Transportation Market
- Prominent Players in the Global Cargo Transportation Market
- SWOT Analysis of Global Cargo Transportation Market
- Global Cargo Transportation Market Future Outlook and Projections (FY’2022-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Cargo Transportation Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Cargo Transportation Equipment Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Cargo Transportation Market
7. Global Cargo Transportation Market, By Mode of Transportation, 2019-2032 (USD Million)
7.1 Rail Transportation7.2 Road Transportation7.3 Seaborne Transportation7.4 Air Transportation
8. Global Cargo Transportation Market, By Deployment, 2019-2032 (USD Million)
8.1 Cloud8.2 On-Premise
9. Global Cargo Transportation Market, By Solution, 2019-2032 (USD Million)
9.1 Transportation Cost Management9.2 Transportation Security and Monitoring System9.3 Transportation Mobility Solution9.4 Warehouse Management System9.5 Transportation 3PL Solutions9.6 Other Solutions
10. Global Cargo Transportation Market, By End-Use Industry, 2019-2032 (USD Million)
10.1 Aerospace and Defense10.2 Automotive10.3 Consumer and Retail10.4 Energy and Power10.5 Food and Beverage10.6 Oil and Gas10.7 Other End User
11.Global Cargo Transportation Market, By Region, 2019-2032 (USD Million)
11.1 Global Cargo Transportation Market and Market Share by Region (2019-2025)11.2 Global Cargo Transportation Market and Market Share by Region (2026-2032)11.3 Asia-Pacific11.3.1 Australia11.3.2 China11.3.3 India11.3.4 Japan11.3.5 South Korea11.3.6 Rest of Asia-Pacific11.4 Europe11.4.1 France11.4.2 Germany11.4.3 Italy11.4.4 Spain11.4.5 United Kingdom11.4.6 Rest of Europe11.5 Middle East and Africa11.5.1 Kingdom of Saudi Arabia11.5.2 United Arab Emirates11.5.3 Rest of Middle East & Africa11.6 North America11.6.1 Canada11.6.2 Mexico11.6.3 United States11.7 Latin America11.7.1 Argentina11.7.2 Brazil11.7.3 Rest of Latin America
12.Company Profiles
12.1 Amerijet International12.1.1 Company details12.1.2 Financial outlook12.1.3 Product summary12.1.4 Recent developments12.2 APL12.2.1 Company details12.2.2 Financial outlook12.2.3 Product summary12.2.4 Recent developments12.3 Crowley Maritime Corporation12.3.1 Company details12.3.2 Financial outlook12.3.3 Product summary12.3.4 Recent developments12.4 DB Schenker12.4.1 Company details12.4.2 Financial outlook12.4.3 Product summary12.4.4 Recent developments12.5 DSV12.5.1 Company details12.5.2 Financial outlook12.5.3 Product summary12.5.4 Recent developments12.6 Expeditors International12.6.1 Company details12.6.2 Financial outlook12.6.3 Product summary12.6.4 Recent developments12.7 Global Shipping Services, LLC12.7.1 Company details12.7.2 Financial outlook12.7.3 Product summary12.7.4 Recent developments12.8 IB Cargo12.8.1 Company details12.8.2 Financial outlook12.8.3 Product summary12.8.4 Recent developments12.9 ISDB Logistik GmbH12.9.1 Company details12.9.2 Financial outlook12.9.3 Product summary12.9.4 Recent developments12.10 Lynden STA Logistic12.10.1 Company details12.10.2 Financial outlook12.10.3 Product summary12.10.4 Recent development12.11 Orient STA Logistic12.11.1 Company details12.11.2 Financial outlook12.11.3 Product summary12.11.4 Recent developments12.12 Orient Overseas Container Line Limited12.12.1 Company details12.12.2 Financial outlook12.12.3 Product summary12.12.4 Recent developments12.13 Panalpina World Transport (Holding) LTD12.13.1 Company details12.13.2 Financial outlook12.13.3 Product summary12.13.4 Recent developments12.14 R Group12.14.1 Company details12.14.2 Financial outlook12.14.3 Product summary12.14.4 Recent developments12.15 Schumacher Cargo Logistics12.15.1 Company details12.15.2 Financial outlook12.15.3 Product summary12.15.4 Recent developments12.16 TAD Group12.16.1 Company details12.16.2 Financial outlook12.16.3 Product summary12.16.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Cargo Transportation Market is projected to reach USD 19.31 billion by 2032, growing at a CAGR of 4.94% during the forecast period.
Cargo Transportation Market grew in market size from 2021. The Market is expected to reach USD 19.31 billion by 2032, at a CAGR of 4.94% during the forecast period.
Cargo Transportation Market CAGR of 4.94% during the forecast period.
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Cargo Transportation Market size is USD 19.31 billion from 2022 to 2032.
Cargo Transportation Market Segment is Covered By Mode of Transportation, By Deployment, By Solution, End-Use Industry
The North America region is anticipated to have the highest market share in Cargo Transportation Market.
The key players in the market include Companies Covered APL, Crowley Maritime Corporation, DB Schenker, Dextra Group, DSV, Expeditors International, Global Shipping Services, LLC, IB Cargo, ISDB Logistik GmbH, Lynden STA Logistic, Orient Overseas Container Line Limited, PANALPINA WORLD TRANSPORT (HOLDING) LTD, R Group, Schumacher Cargo Logistics, TAD Group
The worldwide cargo transportation industry is both fragmented and competitive due to the existence of several international and local important players.
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