Global Transportation Industry
The global transportation industry is expected to generate revenue of more than $3.8 trillion in 2016,representing 37% growth in five years.The Americas account for just more than a 42% share in the global transportation services industry.
Transportation Key Market Segments
Lucintel predicts theglobal airfreight transportation servicesmarket will witness a decline in growth for the five-year period ending 2017 compared with the four-year period ending 2011,down to 3% a year.The market is expected to reach $137 billion in 2017.
Theworld rail freight industrygrowth is predicted to accelerate to a yearly rate of around 8% between 2011 and 2016,to reach $286 billion.The global rail freight industry encompasses revenue generated through freight transportation by rail.
Roadfreight and logisticsrepresents the leading segment in the global transportation services market,accounting for more than 74% of the overall industry in terms of value,reports MarketLine.MarketLine estimates the global freight sector will reach a volume of more than 12.4 trillion FTKs,or a 27% increase over five years,up from just more than 9.7 trillion FTKs in 2010.The Americas account for 56% of the world road freight sector in terms of value.The industry is characterized by fragmentation,with market entry quite accessible.
Theglobal maritime container transport marketis expected to exceed 730 million TEUs by 2017,reports Global Industry Analysts.Shipping containers,also known as maritime containerization,have allowed companies to cut transportation costs dramatically,thereby fuelling global trade.Market performance is fuelled by a rise in sea trade,investments in port terminal facilities,rising frequency of global maritime freight transport and evolving shipping networks.The sector is also set to grow due to rising demand for oil and liquefied natural gas in Asia,prompting growth in the transportation of liquid and gaseous commodities.
Transportation Regional Market Share
The North American transportation services industry performance is expected to rise from 0% yearly growth between 2007 and 2011 to 3% between 2011 and 2016.The North American transportation services market is forecast to exceed $1.2 trillion in 2016.
MarketLine predicts the South American transportation services industry will growth at more than 8% annually over the five-year period ending 2016 to generate $282 billion.
The European transportation services industry recorded around a -4% yearly change between 2007 and 2011,and is expected to jump to almost 7% yearly growth between 2011 and 2016.The EU transportation services industry is predicted to exceed $795 billion in 2016.