Dublin, May 19, 2023 (GLOBE NEWSWIRE) -- The "Oversized Cargo Transportation Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global oversized cargo transportation market is expected to grow from $191.25 billion in 2022 to $200.49 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oversized cargo transportation market is expected to grow to $236.71 billion in 2027 at a CAGR of 4.2%.
Expansion of the construction industry is expected to propel the oversized cargo transportation market going forward. The construction industry refers to the industrial branch of manufacturing and trade related to building, repairing, renovating, and maintaining infrastructures.
Oversized cargo transportation is used in the construction industry to transport building equipment and pre-built containers, thus, an increase in the construction industry will propel the market growth. For instance, in 2021, according to Oxford Economics, a UK-based provider of global economic forecasting, and analysis, the global construction grew by 6.6% in 2021, and further, the global construction is expected to grow by 35% by 2030. Therefore, the expansion of the construction industry is driving the oversized cargo transportation market.
Technological Advancements are a key trend gaining popularity in the oversized cargo transportation market. Major companies operating in the oversized cargo transportation market are focused on developing innovative transportation technology to strengthen their position.
For instance, in December 2020, Atlas LTA Advanced Technology, Ltd., an Israel-based aerospace engineering firm that manufactures aerostats, airships, and balloons, launched the 'ATLANT Cargo Airship' an innovative transportation technology. Its unique feature is that it is developed with unmanned cargo operation and adaptive mooring. It is a hybrid cargo airship that is capable of carrying up to 165 tons and range of 2,000 km with VTOL (vertical take-off and landing) capabilities and hybrid electric propulsion.
In August 2021, DSV Panalpina A/S, a Denmark-based supplier of logistics and transport solutions, acquired Global Integrated Logistics (GIL) business from Agility, a Kuwait-based supply chain services firm, for $432.13 million. This acquisition enables DSV to become the global top third player in transport and logistics by creating a strong global position. Global Integrated Logistics (GIL) is a Kuwait-based provider of transport and logistics.
North America was the largest region in the oversized cargo transportation market in 2022. The regions covered in the oversized cargo transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the oversized cargo transportation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for oversized cargo transportation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The oversized cargo transportation market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Type: Road Transportation; Rail Transportation; Sea Transportation; Air Transportation
2) By Application: Construction Industry; Mineral Industry; Petrochemical Industry; Other Applications
3) By End Use: Food And Drug; Manufacturing; Other End Uses
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $200.49 billion |
| Forecasted Market Value (USD) by 2027 | $236.71 billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Oversized Cargo Transportation Market Characteristics
3. Oversized Cargo Transportation Market Trends And Strategies
4. Oversized Cargo Transportation Market - Macro Economic Scenario
5. Oversized Cargo Transportation Market Size And Growth
6. Oversized Cargo Transportation Market Segmentation
7. Oversized Cargo Transportation Market Regional And Country Analysis
7.1. Global Oversized Cargo Transportation Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Oversized Cargo Transportation Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
A selection of companies mentioned in this report includes
- APL Logistics Ltd.
- Bohnet GmbH
- DB Schenker
- DSV A/S
- IB Cargo LLP
- ISDB Logistik GmbH
- Lynden Incorporated
- Orient Overseas Container Line Limited
- STA Logistics Ltd.
- TAD Logistics Limited
- UAB Eivora
- Zoey Logistics BV
- Global Shipping Services LLC
- Panalpina World Transport Ltd.
- Amerijet International Inc.
- Dextra Group
- SNcargo Oy
- Expeditors International
- Schumacher Cargo Logistics
- Crowley Maritime Corporation
- Deugro Group
For more information about this report visit https://www.researchandmarkets.com/r/jhegzq
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