FAQs

Transport Services Global Market Report 2023– By Type (Air Transport, General Transport, Pipeline Transport, Rail Transport, Transit And Ground Passenger Transport, Truck Transport, Warehousing And Storage, Water Transport), By Purpose (Commuter Travel, Tourism And Leisure Travel, Business Travel, Cargo And Freight Travel, Shipping And Delivery Travel), By Destination (Domestic, International), By End-Use Industry (Mining, Construction, Agriculture, Other End Use Industries) – Market Size, Trends, And Global Forecast 2023-2032

What is the definition of the transport services market?

The transport services market consists of sales of transportation services and related goods by entities (organizations, sole traders, and partnerships) that transport goods and people from one location to another for an amount or fee. The transportation services industry includes establishments that provide services to move people, goods, and materials through air, rail, road, water, and pipeline. The market also comprises sales of warehousing and storage services by entities that are involved in the operation of warehousing and storage facilities for merchandise, refrigerated goods, and other materials.

How will the transport services market drivers and restraints affect transport services market dynamics? What forces will shape the transport services industry going forward?

The transport services market growth is aided by stable economic growth forecasted in many developed and developing countries. However, some transport services market restraints include the outbreak of the Coronavirus disease (COVID-19) which has negatively impacted the market.

What is the forecast market size of the transport services market?

The transport services market is expected to reach $10.39 trillion in 2026 at a rate of 9.6%.

How is the transport services segmented?

The global transport services market is segmented -
1) By Type: Air Transport, General Transport, Pipeline Transport, Rail Transport, Transit and Ground Passenger Transport, Truck Transport, Warehousing and Storage, Water Transport 2) By Purpose: Commuter Travel, Tourism and Leisure Travel, Business Travel, Cargo and Freight Travel, Shipping and Delivery Travel 3) By Destination: Domestic; International 4) By End-Use Industry: Mining, Construction, Agriculture, Others Subsegments Covered: Passenger Air Transport, Chartered Air Transport, Air Cargo Services, Sightseeing Transport and Support Activities for Transport, Couriers and Messengers, Postal Services, Crude Oil Pipeline Transport, Natural Gas Pipeline Transport, Refined Petroleum Products Pipeline Transport, Other Pipeline Transport, Passenger Rail Transport, Rail Freight, Commuter Rail and Public Bus Services, Taxi and Limousine Services, School and Employee Bus Services, Charter Bus Services, Other Transit and Ground Passenger Transport, General Freight Trucking, Specialized Freight Trucking, General Warehousing and Storage, Refrigerated Warehousing and Storage, Specialized Warehousing and Storage, Farm Product Warehousing and Storage, Deep Sea, Coastal, and Great Lakes, Inland Water Transport

Which region has largest share, and what is the market size and growth by geography according to the transport services global market report?

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Who are the key players of the transport services market?

Top competitors in the transport services market are United Parcel Service Inc., Amazon.com Inc, United States Postal Service, Deutsche Post AG, FedEx Corporation, Cargill, Incorporated, China Railway Corporation, A.P. Moller-Maersk A/S, Indian Railways, and JSC Russian Railways.

What are the key trends in the transport services market?

Major trends influencing the transport services market include actively pursuing electricity to power buses to reduce carbon emissions and cut costs. Solar buses run on electric batteries which in some cases are also charged by solar panels installed on the roof of the bus. This improves the fuel efficiency of the vehicle and increases the life of lithium batteries. Further, the technology has low maintenance components allowing the companies to save costs.

What are the major opportunities in the transport services market and the approaches companies can take to take advantage of them?

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How does the transport services market relate to the overall economy and other similar markets?

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