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Goods Carrier Services Market by Type (Air Transportation, General Transportation, Truck Transportation, Water Transportation, Rail Transportation, Warehousing &Storage, Transit and Ground passenger, Pipeline Transportation and Others); by Purpose (Transportation Support Activities, Cargo & Freight, Tourism & Leisure Travel, Commuter Travel, Shipping &Delivery, Business Travel and Others); by Region (North America, Asia-pacific, Europe, Latin America and Middle-East and Africa)- Analysis of market share, size & trends for 2016-19 and Forecast To 2019-2030
Goods Carrier Services Market to exceed USD 13,639 billion by 2030 from USD 6,515.5 billion in 2021 at a CAGR of 8.60% throughout the forecast period, i.e., 2021-30.
Goods carrier services Market consists of sales by entities, like organizations, sole proprietors, and partnerships, of transportation services and related goods, and charge a fee or bill for doing so. The goods carrier services include institutions that render services to move goods, people, and materials through the land, air, water, rail, and pipeline. The market also offers warehousing and storage facilities for goods, refrigerated products, and other materials.
Goods Carrier Services Market is expected to project a CAGR of 8.60% during the forecast period, 2021-2030
The goods carrier services market is estimated to grow on the back of the following reasons. Growth in the goods carrier market is a result of strong economic growth in emerging markets, rising platforms for e-commerce, low oil prices, and growth in mining activities. Factors that have negatively impacted growth in the previous periods include slow wage growth in developed economies and increasing customer preference for private vehicle ownership.
On type
The goods carrier services Market is segmented into Air Transportation, General Transportation, Truck Transportation, Water Transportation, Rail Transportation, Warehousing &Storage, Transit and Ground passenger, Pipeline Transportation, and Others. The General Transportation segment is expected to outperform other segments in the forecast period. Fatpos Global predicts that the Airfreight Transportation services segment will witness a decline in growth.
On purpose
the market is bifurcated into Transportation Support Activities, Cargo & Freight, Tourism & Leisure Travel, Commuter Travel, Shipping &Delivery, Business Travel, and Others. Cargo and freight is the largest sector contributing to the growth of the goods carrier services market.
The key driver in the goods carrier market is the increase in demand for On-Demand transportation services. With growing technology and with an increasing number of user-friendly mobile taxi-booking applications, increased internet breaches and lack of parking spaces have boosted demand for on-demand transport services another important driver is the rising awareness of pollution. People are moving towards public transport to reduce carbon emissions and make the Environment clean and healthy.
Increasing security reasons and strict regulations by the government as decreasing the use of public transport will decrease their revenue. Hence, it may negatively impact the growth of the goods carrier services market.
Global Goods carrier services Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, and Middle-East & Africa. North American transportation is forecasted to lead the growth of the goods carrier services market. The North American transportation services market is forecast to exceed USD 13,639 billion in 2030.
Global Goods carrier services Market is further segmented by region into:
Company overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Goods carrier services Market size was estimated at USD 6,515.5 billion in 2019 and is expected to reach USD 13,639 billion by 2030
FedEx Corp, United Parcel Service Inc., United States Postal Services, China National Railway Group Co. Ltd, Deutsche Post DHL Group, Russian Railways, International Airlines Group, and Others
on type segment and on purpose segment are anticipated to hold the largest Food Service Equipment Market
Drivers: The increase in demand for On-Demand transportation services
Goods carrier services Market consists of sales by entities, like organizations, sole proprietors, and partnerships, of transportation services and related goods, and charge a fee or bill for doing so.
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