Global Transport Market
Transportation Services

Global Transport Market Size, Forecasts, And Opportunities

Learn about the global transport market through The Business Research Company, which provides information on transport market size, transport market drivers and restraints, transport market players, the COVID-19 impact on the transport market, and more.     

The global transport market is expected to grow from $5623.9 billion in 2020 to $5996.2 billion in 2021 at a compound annual growth rate (CAGR) of 6.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8266.5 billion in 2025 at a CAGR of 8%.

The transport manufacturing market is aided by the rapid economic growth of developing countries during the historic period.

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The transport market consists of sales of transportation equipment and related services by entities (organizations, sole traders and partnerships) that produce equipment for transporting people and goods. Transportation equipment is a type of machinery.

Global Transport Market Segments Include:

By Type: Motor Vehicle Parts, Motor Vehicles, Train And Components, Trailer, Motor Home, Travel Trailer And Camper, Ship And Boat Building And Repairing, All Other Transportation Equipment

Subsegments Covered: Motor Vehicle Body, Stamped Metal & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension & Interiors, Motorcycle And Bicycle, Passenger Car, Commercial Vehicle, Locomotives, Wagons & Other Rolling Stock, Parts & Accessories For Railway Vehicles, Dry Vans, Refrigerated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers, Self-Contained Motor Homes Assembling, Van And Minivan Conversions, Travel Trailer, Camper, Ship Building And Repairing, Boat Building And Repairing

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global transport market, accounting for 42% of the market in 2020.

Virtual reality and augmented reality technologies are being widely used by transportation manufacturing companies for faster creation of physical prototypes and reduce manufacturing defects. While AR is a real-time integration of digital information with the user’s environment, VR is a three-dimensional, computer-generated environment that can be explored and interacted with. These technologies benefit the manufacturing process by reducing rework, increasing quality, lower labor costs, meet timelines, improving safety, streamline collaboration, design analysis approach, improve accuracy, aid in project management and presentation of product plans.

TBRC’s transport market report covers:

Major Market Players: Toyota Motor, Volkswagen Group, General Motors, Daimler AG, Ford Motor.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides transport market overviews, analyses and forecasts market size, share, transport market players, transport market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Passenger Rail Transport Market 2021

Transit And Ground Passenger Transport Global Market Report 2021

Transport Services Global Market Report 2021

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