The General Transportation Global Market Was Valued At USD 1.8 Trillion In 2017
Posted by praneeth on July 26th, 2018
General road transportation includes the bus, coach, and taxi and tram transportation of passengers over long or short distances. It includes organizations that provide transportation services within particular region or state in a country.
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The market was valued at USD 1.8 trillion in 2017, and is expected to register high growth rates due to increasing investments in transportation networks in remote areas and increasing connectivity in emerging economies such as India, China, and Brazil, increasing government investments, low oil prices and increasing adoption of big data analytics.
Asia- Pacific was the largest in general transportation global region market in 2017, accounting for more than one-fourth of the global market share. This was mainly due to a large population, presence of extensive public and private transportation network and government subsidies for transportation services.
The general transportation global market is split into segments: sightseeing transportation & support activities for transportation and couriers & messengers.
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China was the biggest player in general transportation global market in 2017, accounting for one 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 top five competitors in the market are Deutsche Post DHL Group, United Parcel Service, FedEx, Japan Post Holdings, and Schenker AG. Deutsche Post DHL Group operating under the trade name Deutsche Post DHL Group, is a German postal service and international courier service company, the world's largest. With its headquarters in Bonn, the corporation has 510,000 employees.
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Joined: June 6th, 2018
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