Transportation is a process of moving people or things from one place to another for an amount or fee. Transportation services include air, rail, road, water and pipeline transportation of both goods and people.
The top five companies covered are China Railway Corporation, Deutsche Post DHL Group, United Parcel Service, FedEx and American Airlines Group. China Railway Corporation was the largest company in the market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Transportation Services Market Size
The global transportation services market was valued at close to $6 trillion in 2017. Asia Pacific was the largest region in the transportation services market in 2017, accounting for around 29% market share. The USA was the largest country in the transportation services market in 2017, accounting for around 20% market share.
Transportation Services Market Trend
Rail transportation companies are using alternative energy sources to operate their rolling stock and stations. Alternatives for diesel include hydrogen and LNG (already being tested by some rail operators) that can be used to power trains. The use of alternative energy sources is primarily driven by growing environmental concerns due to climate change and rising fears of energy security.
Transportation Services Global Market Segmentation
Transportation services includes general transportation, truck transportation, air transportation, rail transportation, transit and ground passenger transportation, warehousing and storage, water transportation, and pipeline transportation.
General transportation includes organizations that provide transportation services within particular region or state in a country.
Truck transportation includes establishments offering trucks and tractor trailers to provide over-the-road transportation of cargo.
Air transportation includes organizations offering air transportation services of passengers and/or cargo. It includes services offered by both scheduled and nonscheduled air carriers, however, scenic and sightseeing air transportation and air courier services are not included under the air transportation industry.
Rail transportation includes organizations operating railroads for transporting passengers and/or cargo over a long and short distance within a rail network.
Transit and ground passenger transportation includes companies offering passenger transportation services, such as urban transit systems, taxis, and chartered bus, school bus, and interurban bus transportation.
Warehousing and storage includes establishments involved in operating warehousing and storage facilities for general merchandize, refrigerated goods and other warehouse products.
Water transportation includes establishments primarily engaged in providing waterborne transportation of cargo and passengers along the lakes, rivers and other inland waterways.
Pipeline transportation includes organizations involving in transportation of crude and refined petroleum fuels such as oil, natural gas and biofuels.