Global Cargo Transportation Market Overview
According to SPER Market Research, the Global Cargo Transportation Market is estimated to reach USD 19.31 billion by 2032 with a CAGR of 4.94%.
Cargo shipping is the use of a ship to move commodities, goods, and cargo from a port to a destination. Shipping is the most cost-effective mode of transportation per tonne. Recommended for long-distance transportation that is both inexpensive and efficient while having a low environmental effect. The capacity to transport heavy goods that cannot be moved by land or air is the most significant benefit of freight transport. Cargo ships are also typically outfitted with cranes and other similar equipment for loading and unloading goods. Factors such as a growth in international marine freight transit, an increase in demand for cargo transportation via ships, and an increase in trade-related agreements are driving the cargo shipping sector. Nevertheless, changes in transportation and inventory costs, as well as global trade conflicts, limit industry expansion.
Moreover, automation in maritime transportation, a rise in marine safety standards, and the expansion of the digital freight forwarding business all present profitable development potential for the market. The worldwide cargo transportation industry is both fragmented and competitive due to the existence of several international and local important players. These players have used creative methods to remain at the forefront while also meeting the rising need of customers, such as collaborations, contracts, partnerships, joint ventures, regional expansions, and new product releases, among other things. Globalization, e-commerce, and the rising desire for quicker, more cost-effective, and efficient transportation options are the main market drivers. As more items are shipped across borders to consumers in various countries, the amount of cargo transportation has increased as a result of the expansion of global trade.
In terms of transportation methods, the demand for express delivery services and the expansion of e-commerce have caused the air cargo market to grow at the fastest rate in recent years. Yet, because it is less expensive than air and land transit, sea freight continues to be the predominant mode of transportation. Shipping lines, freight forwarders, and logistics firms are just a few of the numerous competitors in the extremely competitive market for cargo transportation. In order to obtain a competitive edge, larger firms are increasingly purchasing smaller players in the industry.
Overall, it is anticipated that the market for cargo transportation will expand over the upcoming years, propelled by factors like rising trade volumes, technical improvements, and the expansion of e-commerce. Yet, the sector also has to contend with issues including escalating fuel prices, growing environmental concerns, and shifting regulations.
Impact of COVID-19 on the Global Cargo Transportation Market
The COVID-19 pandemic has exerted a huge influence on the world's cargo transportation business. Widespread lockdowns and limitations on travel have caused non-essential goods like apparel and luxury items to see a substantial reduction in demand, which has in turn reduced the demand for cargo transportation services. The pandemic has also hampered global supply networks, increasing costs and causing delays in transit. Nonetheless, the demand for necessities like food and medical supplies has increased, creating fresh growth prospects for cargo transportation businesses. However, there are health and safety issues that the sector must address in order to protect both customers and employees. Due to speedier delivery times, the pandemic has also caused a change in the preferred mode of transportation, emphasizing air freight, which has increased costs and increased competition. In spite of these difficulties, the industry is nonetheless pessimistic about the future due to an unsteady global economy.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Mode of Transportation, By Deployment, By Solution, End-Use Industry
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | APL, Crowley Maritime Corporation, DB Schenker, Dextra Group, DSV, Expeditors International, Global Shipping Services, LLC, IB Cargo, ISDB Logistik GmbH, Lynden STA Logistic, Orient Overseas Container Line Limited, PANALPINA WORLD TRANSPORT (HOLDING) LTD, R Group, Schumacher Cargo Logistics, TAD Group
|
Global Cargo Transportation Market Segmentation:
1. By Mode of Transportation:
- Rail Transportation
- Road Transportation
- Seaborne Transportation
- Air Transportation
2. By Deployment:
3. By Solution:
- Transportation Cost Management
- Transportation Security and Monitoring System
- Transportation Mobility Solution
- Warehouse Management System
- Transportation 3PL Solutions
- Other Solutions
4. By End-Use Industry:
- Aerospace and Defense
- Automotive
- Consumer and Retail
- Energy and Power
- Food and Beverage
- Oil and Gas
- Other End User
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Cargo Transportation Market Size (FY’2019-FY’2032)
- Overview of Global Cargo Transportation Market
- Segmentation of Global Cargo Transportation Market By Mode Of Transportation (Rail Transportation, Road Transportation, Seaborne Transportation, Air Transportation)
- Segmentation of Global Cargo Transportation Market By Deployment (Cloud, On-Premise)
- Segmentation of Global Cargo Transportation Market By Solution (Transportation Cost Management, Transportation Security and Monitoring System, Transportation Mobility Solution, Warehouse Management System, Transportation 3PL Solutions, Other Solutions)
- Segmentation of Global Cargo Transportation Market By End-Use Industry (Aerospace and Defence, Automotive, Consumer and Retail, Energy and Power, Food and Beverage, Oil and Gas, Other End User)
- Statistical Snap of Global Cargo Transportation Market
- Growth Analysis of Global Cargo Transportation Market
- Problems and Challenges in Global Cargo Transportation Market
- Competitive Landscape in the Global Cargo Transportation Market
- Impact of COVID-19 and Demonetization on Global Cargo Transportation Market
- Details on Recent Investment in Global Cargo Transportation Market
- Competitive Analysis of Global Cargo Transportation Market
- Global Cargo Transportation Market Key Players
- SWOT Analysis of Global Cargo Transportation Market
- Global Cargo Transportation Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Cargo Transportation Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Cargo Transportation Equipment Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Cargo Transportation Market
7. Global Cargo Transportation Market, By Mode of Transportation, 2019-2032 (USD Million)
7.1 Rail Transportation
7.2 Road Transportation
7.3 Seaborne Transportation
7.4 Air Transportation
8. Global Cargo Transportation Market, By Deployment, 2019-2032 (USD Million)
8.1 Cloud
8.2 On-Premise
9. Global Cargo Transportation Market, By Solution, 2019-2032 (USD Million)
9.1 Transportation Cost Management
9.2 Transportation Security and Monitoring System
9.3 Transportation Mobility Solution
9.4 Warehouse Management System
9.5 Transportation 3PL Solutions
9.6 Other Solutions
10. Global Cargo Transportation Market, By End-Use Industry, 2019-2032 (USD Million)
10.1 Aerospace and Defense
10.2 Automotive
10.3 Consumer and Retail
10.4 Energy and Power
10.5 Food and Beverage
10.6 Oil and Gas
10.7 Other End User
11.Global Cargo Transportation Market, By Region, 2019-2032 (USD Million)
11.1 Global Cargo Transportation Market and Market Share by Region (2019-2025)
11.2 Global Cargo Transportation Market and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12.Company Profiles
12.1 Amerijet International
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 APL
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Crowley Maritime Corporation
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 DB Schenker
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 DSV
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Expeditors International
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Global Shipping Services, LLC
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 IB Cargo
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 ISDB Logistik GmbH
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Lynden STA Logistic
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent development
12.11 Orient STA Logistic
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 Orient Overseas Container Line Limited
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 Panalpina World Transport (Holding) LTD
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
12.14 R Group
12.14.1 Company details
12.14.2 Financial outlook
12.14.3 Product summary
12.14.4 Recent developments
12.15 Schumacher Cargo Logistics
12.15.1 Company details
12.15.2 Financial outlook
12.15.3 Product summary
12.15.4 Recent developments
12.16 TAD Group
12.16.1 Company details
12.16.2 Financial outlook
12.16.3 Product summary
12.16.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
