Global Transportation Services Market Is Expected To Grow To $7.2 Trillion By 2021

Posted August 1, 2018 by sainath

Asia Pacific was the largest region in the transportation services market in 2017, accounting for around 29% market share. The USA was the largest country in the transportation services market in 2017, accounting for around 20% market share.

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.

Read More:

The reason for substantial growth of the market from $5.9 trillion in 2017 to $7.2 trillion by 2021 is technology, which is expected to be a continued driver of market growth. Areas of particular development are likely to be transport, wearable technologies, robotics, and networking. Sectors such as this one will benefit from the greater efficiencies offered by these technologies.
The market in the report is segmented into: general transportation, truck transportation, air transportation, rail transportation, transit and ground passenger transportation, warehousing and storage, water transportation and pipeline transportation. General transportation was the largest segment in the transportation services market accounting for more than one-fourth of the market share.

Sample Report:

The USA was the largest country in the transportation services market in 2017, accounting for one-fifth of the market share. This is mainly due to the presence of an extensive transportation network, high disposable income and a large customer base which includes both B2B and B2C customers. The USA was followed by China and Japan as the next largest countries in the market.

The top five competitors in the market are China Railway Corporation, Russian
Railways, Indian Railways, Deutsche Bahn AG, and Union Pacific Railroad. China Railway Corporation was the largest company in the transportation services market in 2017 with 2.32% market share. China Railway Corporation provides railway passenger and freight transport services, railway network construction services. The company is headquartered in Beijing, China.

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information.

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By sainath
Website The Business Research Company
Phone +442071930708
Business Address 47 Anchorage Point,
42 Cuba Street, Canary Wharf,
Country United Kingdom
Categories Services , Transportation , Travel
Tags Transportation Services , Public Transport Market Report , Pipeline Transportation Market Report , Warehouse Market Overview , Water Transport Market Report , Truck Transport Market Research Report , Rail Transport Market Research Report
Last Updated August 1, 2018