Global Travel Transportation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Travel Transportation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Travel Transportation relies on transportation facilities to provide space shift services for tourists, and creates economic output value through the production, exchange and consumption of such special intangible service products. It is an emerging cross-cutting and service economy industry.

Market Overview:

The latest research study on the global Travel Transportation market finds that the global Travel Transportation market reached a value of USD 740313.7 million in 2022. It’s expected that the market will achieve USD 1122272.46 million by 2028, exhibiting a CAGR of 7.18% during the forecast period.

Limitations

As the global tourism system is affected by, and must respond to, an increasing number of interconnected challenges, including on-going uncertainty related to the financial and sovereign debt crisis, the new geography and market preferences of major tourist flows from emerging economies, the new realities of mobility in a world of fluctuating energy prices and the shift towards a low-carbon economy, threats of terrorism and political upheaval, demographic change with near and long-term implications for travel patterns of youth and seniors, and the consequences of climate and environmental change for destination attributes and attractiveness, the need for techniques that can contribute to future preparedness will only increase.

Opportunities

Improved transportation systems, including the massive expansion of highways and air travel networks, enabled significantly more travelers to reach a greater number of destinations. Reductions in the cost and increased speed of mobility created travel time-space compression that contributed to greater average travel distances for tourism.

Evolving information and communication technology (ICT) systems have continued to revolutionize travel planning and marketing. The development of international payment systems and computerized reservation systems were the foundations for mass international tourism.

A number of major political changes have diminished border travel restrictions, creating enormous new tourism opportunities in several regions of the world.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

Strength

Segmentation Overview:

As for product types, the Bus segment held the largest market share in 2021.

Key Companies in the global Travel Transportation market covered in Chapter 3:

Caminhos de Ferro de Mocambique(CFM)
Spoornet
Swaziland Railway
EBX Group
CCR S.A.
Metrorail
CFB (Benguela railway, in Angola)
TAZARA
Beitbridge Bulawayo Railway,
Zambia Railways
Malawi Railways
National Railways of Zimbabwe
Central East African Railway
TransNamib,
América Latina Logística
Tanzania Railways Corporation
Botswana Railways

In Chapter 4 and Chapter 14.2, on the basis of types, the Travel Transportation market from 2018 to 2029 is primarily split into:

Bus
Airport transfer
Train
Ship
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Travel Transportation market from 2018 to 2029 covers:

City
Countryside

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)