Global General Transport Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
25 Jun, 2021
The general transport services market consists of sales of general transportation services and related goods by entities (organizations, sole traders and partnerships) that provide local general freight trucking services. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer.
Global General Transport Market Size And Drivers:
The global general transport market is expected to grow from $1515.2 billion in 2020 to $1685 billion in 2021 at a compound annual growth rate (CAGR) of 11%. The market is expected to reach $2250.1 billion in 2025 at a CAGR of 7%. The growth is mainly due to the companies rearranging their operations and 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.
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Trends In The Global General Transport Market
Courier service providers are now offering on-demand delivery services for faster and efficient delivery of parcels. On-demand delivery provides customers with a flexible option of getting packages delivered at their convenient time and place. This service can also be integrated with point-of-sale systems and ecommerce platforms which enable courier companies to efficiently manage their operations, and thus is a cheaper, faster and more reliable mode of parcel delivery. For instance, UberRUSH is an on-demand courier delivery service operating in New York, Chicago and San Francisco. On-demand delivery service is being widely used for prescription medicine, laundry pickup and delivery, fast food delivery and marijuana delivery.
Global General Transport Market Segments:
The global general transport market is further segmented based on type and geography.
By Type: Sightseeing Transport & Support Activities For Transport, Couriers And Messengers, Postal Services
Sub segments Covered: Scenic And Sightseeing Transport, Support Activities For Transport, Domestic Couriers, International Couriers
By Geography: The global general transport market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global general transport market, accounting for 39% of the market in 2020.
Read More On The Report For The Global General Transport Market At:https://www.thebusinessresearchcompany.com/report/general-transport-global-market-report-2020-30-covid-19-impact-and-recovery
General Transport Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides general transport market overviews, analyzes and forecasts market size and growth for the global general transport market, general transport market share, general transport market players, general transport market segments and geographies, general transport market’s leading competitors’ revenues, profiles and market shares. The general transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.