Cargo Transportation Market Size- By Mode of Transportation, By Deployment, By Solution, End-Use Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Cargo Transportation Market Size- By Mode of Transportation, By Deployment, By Solution, End-Use Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Global Cargo Transportation Market Overview

According to SPER Market Research, the Global Cargo Transportation Market is estimated to reach USD 19.31 billion by 2032 with a CAGR of 4.94%. Cargo shipping is the use of a ship to move commodities, goods, and cargo from a port to a destination. Shipping is the most cost-effective mode of transportation per tonne. Recommended for long-distance transportation that is both inexpensive and efficient while having a low environmental effect. The capacity to transport heavy goods that cannot be moved by land or air is the most significant benefit of freight transport. Cargo ships are also typically outfitted with cranes and other similar equipment for loading and unloading goods.

Impact of COVID-19 on the Global Cargo Transportation Market

The COVID-19 pandemic has exerted a huge influence on the world's cargo transportation business. Widespread lockdowns and limitations on travel have caused non-essential goods like apparel and luxury items to see a substantial reduction in demand, which has in turn reduced the demand for cargo transportation services. The pandemic has also hampered global supply networks, increasing costs and causing delays in transit. Nonetheless, the demand for necessities like food and medical supplies has increased, creating fresh growth prospects for cargo transportation businesses.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Mode of Transportation, By Deployment, By Solution, End-Use Industry
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered APL, Crowley Maritime Corporation, Dextra Group, DSV, Expeditors International, Global Shipping Services, Lynden STA Logistic, Orient Overseas Container Line Limited, Schumacher Cargo Logistics, TAD Group

Global Cargo Transportation Market Segmentation:

By Mode Of Transportation: Based on the Mode of Transportation, Global Cargo Transportation Market is segmented as; Rail Transportation, Road Transportation, Seaborne Transportation, Air Transportation
By End-Use Industry: Based on the End-Use Industry, Global Cargo Transportation Market is segmented as; Aerospace and Defence, Automotive, Consumer and Retail, Energy and Power, Food and Beverage, Oil and Gas, Other End User

By Region: Asia-Pacific now leads the cargo transportation business, followed by Europe, North America, and LAMEA. Due to a growing number of advantageous trade agreements and rising demand for crude oil, Asia-Pacific is likely to retain its worldwide market dominance, notably in China, South Korea, and Japan.