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2021 Cargo Transportation Market: Industry Trends, Share, Size & 2025 Forecast Report

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Market Research Future published a raw research report on the global cargo transportation market that contains the information from 2020–2026. The global cargo transportation market size is anticipated to register a CAGR of ~6.8% between 2020 and 2026 and reach an approximate value of USD 35.45 billion in 2026.

The global cargo transportation market size is anticipated to register a CAGR of ~6.8% between 2020 and 2026 and reach an approximate value of USD 35.45 billion in 2026.

Industry News

In March 2021, Amerijet delivered Covid-19 vaccines to the Caribbean and Central America on behalf of Odyssey Logistics Pvt. Ltd. These shipments were a part of India's Government gifted Covishield AstraZeneca vaccines manufactured by the Serum Institute of India.

In March 2021,Crowley achieved a significant milestone in its 55,000-barrel articulated tug-barge (ATB) new-build project with the launch and christening at Greenbrier Marine of Qamun, a double-hulled petroleum barge designed explicitly for the Alaska fuels market.

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In 2019, the Rail Transportation segment helda significant market share: MRFR

The global cargo transportation market has been segmented based on type, application, and region. Based on type, the global market is divided into rail transportation, road transportation, air transportation, and sea transportation. The rail transportation segment is anticipated to hold a significant market share.

Based on shipping category type, the global cargo transportation market is segmented Freight, Parcel, Express, and Others. The freight segment accounted for a significantly large share in the global market owing to the growing industrialization, especially in growing economies like China, and India.

Based on application, the global cargo transportation market is segmented into construction and mining, oil & gas, healthcare, food & beverages, and others. The construction and mining segment accounted for a significantly large share globally due to rapidly growing construction and mining projects.

Based on region, the cargo transportation market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific dominated the cargo transportation market in 2019. Growing industrial activities have supported the product growth in the region.

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Key industry participants in the cargo transportation industry include Amerijet International Airlines (US), Crowley Maritime Corporation (US), DSV Panalpina A/S (Germany), Expeditors (US), Bohnet GmbH (Germany), Schumacher Cargo Logistics Inc. (US), APL (US), Orient Overseas Container Line Limited (Hong Kong), Panalpina Welttransport Holding AG (Switzerland), and ISDB Logistik GmbH (Germany).

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global cargo transportation market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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