General Transportation Market Characteristics
The general transportation services market consists of sales of general transportation services by entities (organizations, sole traders and partnerships) that provide local general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer.
Competitive Landscape of the General Transportation Market
Major players in the global general transportation market include Deutsche Post DHL Group, United Parcel Service, FedEx, Japan Post Holdings and Schenker AG.
General Transportation Market Size
The general transportation market size is expected increase by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the general transportation market is due to stable rising disposable income, increasing investments in end user industries and growing urban population.
However, the market for general transportation is expected to face certain restraints from several factors such as high operational cost and stringent government regulations.
General Transportation Market Segmentation
The global general transportation market is further segmented based on type and geography.
By Type - The general transportation market is segmented into sightseeing transportation & support activities for transportation, couriers and messengers
and postal services.
By Geography - The global general transportation is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Western Europe accounted for the largest region in the global general transportation market.
Trends in the General Transportation Market
On demand delivery services and adotption of technological advancements are the few trends witnessed in the general transportation market.
Potential Opportunities in the General Transportation Market
Emerging economic growth and rising ecommerce industry is expected to increase the scope and potential for the global general transportation market in the forecast period.
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