Transport Services Industry Overview

Intermodals Market Definition

The intermodal market consists of sales of intermodal rail freight transportation services and related goods by entities (organizations, sole traders, and partnerships) that provide the transportation of freight in an intermodal container or trailer on a train and the moving of the containers to and from the train onto/from other forms of transport. Intermodal usually involves transportation by more than one form of carrier during a single journey. A usual intermodal freight transport may involve truck, rail, or ship, for moving large-sized goods in the same containers or trailer, to transport goods from shipper to consignee. In this mode, handling of the freight is not done manually when changing from one mode of freight to another, thus increasing the security of the transported product substantially.

Refrigerated Goods Trucking Market Definition

The refrigerated goods trucking market consists of sales of refrigerated goods trucking services and related goods by entities (organizations, sole traders, and partnerships) that provide over-the-road transportation of refrigerated goods. Refrigerated transport is a way of transporting goods in temperature-controlled trucks that have been especially developed for this purpose. The transportation trucks include an integrated refrigeration system that keeps the products at a constant temperature throughout the transit time. The trucks are used to deliver perishable goods such meats, fruits, vegetables, chemicals and pharmaceuticals. A refrigerated container, often known as a reefer, is an intermodal container capable of refrigerating temperature-sensitive, perishable cargo such as fruits, vegetables, meat, and other such things during intermodal freight transfer.

Passenger Rail Transport Market Definition

The passenger rail transport market consists of sales of passenger rail transportation services and related goods by entities (organizations, sole traders and partnerships) that transport people from one location to another for an amount or fee. The passenger rail transportation services industry includes establishments that provide services to move people using trains. The report includes revenues from companies that are involved in providing travel agent services that support transportation for travel or outings for corporate and individual customers, revenues of entities engaged in providing rental and leasing of transportation equipment, and revenues of street railroads, commuter rail, urban rapid transit, scenic, and sightseeing train transportation.

Domestic Couriers Market Definition

The domestic couriers market consists of sales of delivery services of small packages and parcels, in metropolitan areas and urban centers within a country. The market includes the revenues of establishments that provide sorting and transportation activities of parcels. The domestic couriers industry also includes establishments that provide local messengers, which usually deliver parcels within a metropolitan or single urban area and mostly travel on-foot or use bicycles, or with small trucks, or vans. The market includes the sales of various courier and local delivery services which find applications in various business models such as banking, financial services, and insurance (BFSI), wholesale and retail trade, professional services, and manufacturing.

School And Employee Bus Services Market Definition

The school and employee bus services market consists of sales of school and employee bus services and related goods by entities (organizations, sole traders and partnerships) that provide buses and other motor vehicles to transport pupils to and from school or employees to and from work. The school and employee bus services market is segmented into student bus services and employee bus services. Only goods and services traded between entities or sold to end consumers are included. The school and employee bus service providers may buy or lease buses and other motor vehicles such as vans from a third party to provide transportation services to schools, universities, and public or privately owned offices. The service providers can even lease an existing fleet of school buses and manage its operations. The services may be charged on a monthly, quarterly, or yearly basis as per the contract.

The online food delivery services market consists of sales of online food delivery services and related services primarily for household consumption. The online food delivery services market includes all companies involved in distributing the packages received from hospitality establishments and have an online portal or an application for their sales. The food can be either ready-to-eat food or food that has to be specially prepared for direct consumption. Online food delivery service has two segments, restaurant-to-consumer delivery includes delivery of order directly by the concerned restaurant, whereas, Platform-to-consumer segment involves online delivery services that deliver orders of partner restaurants.

The global online food delivery services market covered in this report is segmented by type into platform-to-customer, restaurant -to-customer; by channel type into websites, mobile applications; by payment method into cash on delivery, online payment.

The global online food delivery services market is expected grow from $115.07 billion in 2020 to $126.91 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global online food delivery services market is expected to reach $192.16 billion in 2025 at a CAGR of 11%.

An increase in smartphone users has given a boost to online food delivery services worldwide. Smartphone users are the primary online shoppers for the F&B industry and an increase in the number of smartphone users reflects a potential increase in online shopping for food and beverages. The world F&B e-commerce users reached 1.5 billion in 2019 and are expected to grow by 800 million, with an average of 25% y-o-y growth, by 2024. Indian food delivery platform, Zomato, has 80 million monthly active users and has set targets of reaching 20 million over the next few years. Hence increase in smartphone users and internet penetration is driving growth in online food delivery services.

Cost of supply chain and logistics will be the key restraint for the online food delivery services market. This cost includes the cost incurred for order fulfilment, delivery cost, adjusting business resources to dynamic market demand and last-mile connectivity. Besides, there are costs of cardboard boxes for packaging, gas, mileage and the cost for hiring a driver. The supply chain and logistics has to be in place in order to avoid the spoilage of products with limited shelf life. According to the report by Capgemini, in 2019, the retailers could lose up to 26% of their profit if they fail to upgrade their logistics system to ensure on-time delivery despite the increased online grocery system. Therefore, the costs incurred by the supplier side may restrain the growth of the online food delivery services market.

Upgradation of the distribution network to a more decentralized system, Distribution 4.0, is trending in the food delivery services market. In Distribution 4.0, suppliers partner with multiple players for the best market coverage between urban and rural markets, focusing their efforts on marketing, branding, and in-store merchandising to create best-in-class shopper experience. They are likely to partner with aggregators, e-comm delivery companies, rural distribution companies, and distribution arms of modern trade to drive coverage. E-commerce aggregator Amazon, has announced plans to team with many small scale businesses, retail outlets, and rural supermarkets, to increase their last-mile connectivity. Therefore, the trend of Distribution 4.0 is envisioned to bring in some positive effects on the online food delivery services.

In January 2020, Zomato, an Indian food delivery services company, has acquired Indian operations of Uber Eats for $350 million in an all-stock transaction. The combined entity of Zomato and Uber Eats India is expected to corner more than a 50-55% market share in terms of the number and value of orders. Uber Eats is an online food delivery services vertical of Uber, a US-based ride-hailing company.

Major players in the global online food delivery services market are takeaway.com, Doordash, Deliveroo, Uber eats, Zomato, Swiggy, Domino's pizza, Grubhub, foodpanda, and Just Eat.

The regions covered in the global online food delivery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the global online food delivery services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The global online food delivery services market is segmented -

1) By Type: Platform-to-Customer, Restaurant-to-Customer

2) By Channel Type: Websites, Mobile Applications

3) By Payment Method: Cash On Delivery, Online Payment

The ride-hailing market consists of revenue generated by ride-hailing used for passenger transportation service in which the passengers are connected with the vehicle drivers through a smartphone-based app. The industry comprises establishments primarily engaged in providing passenger transportation by automobile or van, not operated over regular routes and on regular schedules. Establishments of taxicab owners/operators, taxicab fleet operators, or taxicab organizations are included in this industry.

The ride hailing market covered in this report is segmented by vehicle type into two wheeler, three wheeler, four wheeler, others. The ride-hailing market is also segmented by end-user into commercial, personal and by service type into e-hailing, car sharing, station based mobility, car rental.

The global ride hailing market is expected grow from $42.25 billion in 2020 to $56.87 billion in 2021 at a compound annual growth rate (CAGR) of 34.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $108.15 billion in 2025 at a CAGR of 17%.

On-demand transportation services and a lower rate of car ownership among millennials are driving the growth of the ride-hailing market. On-demand transportation services is characterized by flexible routing and ad-hoc scheduling of private vehicles offering personal transport experience to the general public by picking or dropping at locations of passenger’s choice. On-demand ride-hailing services ensure that customers can accurately locate the vehicles, track their journey, and offer safety to the occupants, and this factor is expected to significantly drive the market growth. Additionally, lower rate of car ownership among millennials due to the high maintenance cost of personal cars is resulting in the rise in demand for ride-hailing services. The millennials are choosing practical, smartphone accessible transport options that are simple, flexible and inexpensive over car ownership. Also, buying a new car and maintaining it is costlier than renting a vehicle every year. According to a survey by Cox Automotive in 2019, around 55% if Gen Z agrees that transportation is necessary but owing a car is not important which is supported by 45% millennials, 34% Gen X and 28% boomers. Hence, on-demand transportation services and a lower rate of car ownership among millennials drive the growth of the ride-hailing market.

Ride-hailing service providers need to follow several state and central laws for uninterrupted services. For instance, in U.S, driver-related regulations include requirements for background checks, driver’s licenses, vehicle registrations, special licenses such as business licenses, and external vehicle displays. While, the company-related regulations include requirements for the number of ride-hailing vehicles operating in a metropolitan area, providing a list of drivers to the city, and sharing trip data with the city. In some countries, fingerprint-based background checks are mandatory. This is because of the reported incidents of sexual assault and violence. In February 2020, a report from the Union of Concerned Scientists shows that the average U.S. ride-hailing trip results in 69% more pollution than the transportation choices it displaces based on federal vehicle efficiency statistics. The environmental concern has enforced certain regulations on pollution control. Therefore, more restrict regulations are coming into force and compliance with these government regulations may act as a restraining factor to the ride-hailing service market growth.

Ride-hailing services have been advancing in the past few years by delivering innovative facilities to riders all over the world. Using a ride-hailing app on an Android device has now become very common. For instance, Uber is a ride-hailing app from which we can request a women driver. This feature is mainly implemented to focus on the safety of a woman which helps to stay protected with a verified profile of a woman driver before committing the journey. A major initiative is promoted by Safr, which permits the female passengers to select the gender of the driver, offers complete details about the driver’s training. Similarly, HopSkipDrive is another ride-hailing app that gives safe and smarter transportation solutions to children by employing professional care drivers who have a minimum of 5year experience in caregiving.

In March 2019, Uber, an American multinational ride-hailing company acquired Careem for $3.1 billion. This provides an opportunity for both companies to rapidly expand and capitalize on the region’s underpenetrated mobility opportunity and the growing digital economy. The transaction would be the largest-ever technology industry transaction in the greater Middle East region. Careem is the internet platform for the greater Middle East region. A pioneer of the region’s ride-hailing economy, Careem is expanding services across its platform to include mass transportation, delivery, and payments.

Major players in the ride-hailing market are Uber Technologies Inc., Grab, ANI Technologies Pvt. Ltd., Gett Inc., Lyft Inc., DiDi Chuxing, Delphi Automotive, Daimler AG., BlaBlaCar, and Didi Chuxing Technology Co.

The regions covered in the ride-hailing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the ride-hailing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The global ride hailing market is segmented -

1) By Vehicle Type: Two Wheeler, Three Wheeler, Four Wheeler, Others

2) By End-User: Commercial, Personal

3) By Service Type: E-Hailing, Car Sharing, Station-Based Mobility, Car Rental

Rail Transport Market Definition

The rail transport market consists of sales of rail 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 rail transportation services industry includes establishments that provide services to move people, goods and materials through trains. The market excludes street railroads, inner city commuter rail (such as localized underground and overground networks), urban rapid transit, scenic, and sightseeing train transportation. The market by value in this report is defined as the revenues that enterprises gain from goods and/or services within the specified market and geography. It does not include revenues from resales further either along the supply chain or as part of other products. Only goods and services traded between entities or sold to end consumers are included. Whether specifically stated or not, the markets for goods include related services and the markets for services include related goods.