How Global Transport Market Players Should Strategize For 2022-2031

The global transport market size is expected to grow from $5,345.15 billion in 2021 to $5,910.51 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The global transport market is then expected to grow to $8,511.38 billion in 2026 at a CAGR of 9.5%.

What is the Global Transport Market?

The transport market consists of sales of transportation equipment and related services by entities (organizations, sole traders, and partnerships) that produce equipment for transporting people and goods. Transportation equipment is a type of machinery.

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What drives the Global Transport Market?

The transport manufacturing market is aided by the rapid economic growth of developing countries during the historic period. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments at the end-user markets, thereby driving the market during the forecast period.

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Global Transport Market Segments
The global transport market is segmented:
By Type: Motor Vehicle Parts, Motor Vehicles, Train and Components, Trailer, Motor Home, Travel Trailer and Camper, Ship and Boat Building and Repairing, All Other Transportation Equipment
By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services
By End-User: Transport Companies, Military, Others
By Geography: The regions covered in the transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Transport Global Market Report 2022provides market size and growth forecasts for the global transport market, global transport market share, transport market segments and geographies, transport market competitive landscape including leading competitors’ revenues, profiles and market shares. The transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Transport Industry Playersinclude Toyota Motor Corp, Volkswagen AG, Daimler AG, EXOR Group, Fiat Chrysler Automobiles NV, Ford Motor Co, SAIC Motor Co Ltd, Honda Motor Co Ltd, General Motors Co, and Peugeot. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.