The Global Transportation Services industry is expected to witness modest growth and reach an estimated US $2,735 billion in 2017 with a CAGR of 2.5% over the next five years. Fuel costs, changes in logistics supply chains, out-sourcing, inventory management systems, and online shopping is expected to impact the demand for freight transportation.
Lucintel, a leading global Management Consulting and market research firm, has analyzed the Global Transportation Services industry and presents its findings in “Global Transportation Services Industry 2012–2017: Trend, Profit, and Forecast Analysis.”
The Global Transportation Services industry consists of revenues generated from freight transportation by road, rail, air, and marine modes. The industry is capital-intensive and demand is driven by macroeconomic trends in global imports and exports.The intensity of competition varies depending on the specific industry; the road transport sector for example, usually experiences the highest level of rivalry, while railways, as natural monopolies, suffer less from direct competition.
North America dominates this market and is forecast to witness the highest growth over the next five years. A strong economy is expected to fuel the demand for freight growth in Canada and other nations. Marine Freight transportation services are forecast to register the highest growth over the next five years.
Tightening infrastructure capacity and increased fuel prices, decline in import and export activity, slowdown of global trade, and vehicle regulations are key challenges for the industry. Resumption of growth in the worldwide merchandise trade is likely to create more demand for freight transportation services, bolstering the movement of freight internationally as well as into and out of the United States.
This study provides an overview of the Global Transportation Services industry. The report tracks four market segments for four regions – thus it tracks 16 segments of the Global Transportations Services industry.The report is limited to air, rail, road and marine freight and it does not include passenger transportation services. The scope of this study is limited to annual trends for past five years (2006-2011) and forecasts for next five (2012-2017) years.
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