Updated Research Report of Oversized Cargo Transportation Market 2020-2026:
Amid the COVID-19 crisis, the global market for Oversized Cargo Transportation estimated at US$212.6 Billion in the year 2020, is projected to reach a revised size of US$282.8 Billion by 2026, growing at a CAGR of 4.2% over the analysis period 2020-2026. Road, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$132.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sea segment is readjusted to a revised 5.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $62.6 Billion, While China is Forecast to Grow at 4% CAGR
The Oversized Cargo Transportation market in the U.S. is estimated at US$62.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$50.3 Billion by the year 2026 trailing a CAGR of 4% over the analysis period 2020 to 2026. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 3.5% respectively over the 2020-2026 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
Rail Segment to Record 3.5% CAGR
In the global Rail segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$35.6 Billion in the year 2020 will reach a projected size of US$45.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$31.6 Billion by the year 2026.We bring years of research experience to this 8th edition of our report. The 134-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
The key players covered in this study
Orient Overseas Container Line
Global Shipping Services
Dextra Industry & Transport
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Market segment by Type, the product can be split into
Market segment by Application, split into
Water Conservancy Industry
Market segment by Regions/Countries, this report covers
Central & South America
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Major Key Points in Table of Content
1 Report Overview
2 Global Growth Trends
3 Competition Landscape by Key Players
4 Market Size by Type (2015-2026)
5 Market Size by Application (2015-2026)
6 North America
10 Southeast Asia
12 Central & South America
13 Key Players Profiles
14 Analyst’s Viewpoints/Conclusions
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Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.