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.
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More: https://www.thebusinessresearchcompany.com/report/transportation-services-global-market-report-2018
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.
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.
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