Low Oil Prices Predicted To Boost The Transportation Services Market By 2021

Posted October 8, 2018 by praneethtbrc

Companies Included: China Railway Corporation, Deutsche Post DHL Group, United Parcel Service, FedEx, American Airlines Group

Transportation is a process of moving people or things from one place to another for an amount or fee. Transportation services include air, rail, road, water and pipeline transportation of both goods and people. This includes truck transport companies, general road transportation, the rail transport industry, air transport companies, warehousing and storage of goods in transit, etc.

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The global transportation services market has shown slow growth in the past years with a CAGR of just over 3%. The year 2017 recorded highest ever growth in this market with a net value of around $6 trillion as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the transportation services market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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The low price of oil in 2014 and 2016 improved the margins of companies operating in the transportation services market. Crude oil is a major input for transportation services companies, therefore low oil prices decreased operating costs of transportation services companies and improved their profit margins. This also gave the disposable income of consumers a boost, as fuel, power and gas prices were cheaper, thereby increasing the sales of transportation services companies.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are China Railway Corporation, Deutsche Post DHL Group, United Parcel Service, FedEx, and American Airlines Group.

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Issued By praneeth
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Categories Business , Transportation
Tags Transportation Services Global Market Report 2018 , Public Transport Market Report , Pipeline Transportation Market Report , Warehouse Market Overview
Last Updated October 8, 2018