The transport services market is expected to reach over $10568.92 billion in 2027 at a CAGR of 7.2%!
Companies are actively pursuing electricity to power buses to reduce carbon emissions and cut costs. Solar buses run on electric batteries which in some cases are also charged by solar panels installed on the roof of the bus. This improves the fuel efficiency of the vehicle and increases the life of lithium batteries. Further, the technology has low maintenance components allowing the companies to save costs. Major companies involved in manufacturing electric buses include Kiira Motors, BYD Company, Heilongjiang Qiqiar Longhua New Energy Automobile Co., Ltd., Bauer's Intelligent Transportation, Yutong, and Volvo buses.
Transportation Services Market Coverage
The transport services market consists of sales of transportation services and related goods by entities (organizations, sole traders and partnerships) that transport goods and people from one location to another for an amount or fee. The transportation services industry includes establishments that provide services to move people, goods and materials through air, rail, road, water, and pipeline. The market also comprises sales of warehousing and storage services by entities that are involved in the operation of warehousing and storage facilities for merchandise, refrigerated goods, and other materials. The transport services market is segmented into air transport; general transport; pipeline transport; rail transport; transit and ground passenger transport; truck transport; warehousing and storage and water transport. Only goods and services traded between entities or sold to end consumers are included.
The Business Research Company covers 80 markets overall in the transport services market providing global market numbers, market growth, market-specific drivers and restraints, trends, and other market specific information. The transport services market is segmented in the following manner:
- 1. Air Transport
The air transport services market consists of sales of air transportation services and related goods by entities (organizations, sole traders and partnerships) that use aircraft, such as airplanes and helicopters, to provide air transportation of passengers and/or cargo. The market includes services offered by both scheduled and nonscheduled air carriers. Revenues from the sales of auxiliary in-flight services such as meals, snacks, beverages, and duty-free shopping, provided by companies are also included in this market. Scenic and sightseeing air transportation and air courier services are not included in the air transport services market. The air transportation market is segmented into passenger air transport; chartered air transport and air cargo services Only goods and services traded between entities or sold to end consumers are included.
The Air Transport Market is sub-segmented into-
- 1.1. Passenger Air Transport
- 1.2. Chartered Air Transport
- 1.3. Air Cargo Services
- 2. General Transport
The general transport services market consists of sales of general transportation services and related goods by entities (organizations, sole traders and partnerships) that provide local general freight trucking services. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. The general transport market is segmented into sightseeing transport & support activities for transport; couriers and messengers and postal services. Only goods and services traded between entities or sold to end consumers are included.
The General Transport Market is sub-segmented into-
- 2.1. Sightseeing Transport & Support Activities For Transport
- 2.2. Couriers And Messengers
- 2.3. Postal Services
- 2.4. Freight Forwarding
- 3. Pipeline Transport
The pipeline transport market consists of sales of pipeline transportation services and related goods by entities (organizations, sole traders and partnerships) that use transmission pipelines to transport products, such as crude oil, natural gas, refined petroleum products, and slurry. The pipeline transport market is segmented into crude oil pipeline transport; natural gas pipeline transport; refined petroleum products pipeline transport and other pipeline transport. Only goods and services traded between entities or sold to end consumers are included.
The Pipeline Transport Market is sub-segmented into-
- 3.1. Crude Oil Pipeline Transport
- 3.2. Natural Gas Pipeline Transport
- 3.3. Refined Petroleum Products Pipeline Transport
- 3.4. Other Pipeline Transport
- 4. Rail Transport
The rail transport market consists of sales of rail transportation services and related goods by entities (organizations, sole traders and partnerships) that use trains to provide transport for passengers and/or cargo. Railroads operate either on networks with physical facilities, labor forces, and equipment spread over a wide geographic area or operate over a short distance on a local rail line. This market excludes street railroads, commuter rail, urban rapid transit, and scenic and sightseeing train transportation. The rail transport market is segmented into passenger rail transport and rail freight. Only goods and services traded between entities or sold to end consumers are included.
The Rail Transport Market is sub-segmented into-
- 4.1. Passenger Rail Transport
- 4.2. Rail Freight
- 5. Transit And Ground Passenger Transport
The transit and ground passenger transport market consists of sales of transit and ground passenger transportation services and related goods by entities (organizations, sole traders and partnerships) that provide a variety of passenger transportation services, such as urban transit systems, chartered buses, school buses, and interurban bus transportation. The transit and ground passenger transport market is segmented into commuter rail and public bus services; taxi and limousine services; school and employee bus services; charter bus services and other transit and ground passenger transportation. Only goods and services traded between entities or sold to end consumers are included.
The Transit And Ground Passenger Transport Market is sub-segmented into-
- 5.1. Commuter Rail And Public Bus Services
- 5.2. Taxi And Limousine Services
- 5.3. School And Employee Bus Services
- 5.4. Charter Bus Services
- 5.5. Other Transit And Ground Passenger Transport
- 6. Truck Transport
The truck transport market consists of sales of truck transportation services and related goods by entities (organizations, sole traders and partnerships) that provide over-the-road transportation of cargo using motor vehicles, such as trucks and tractor-trailers. This market does not include household and office goods transportation services. The truck transport market is segmented into general freight trucking and specialized freight trucking. Only goods and services traded between entities or sold to end consumers are included.
The Truck Transport Market is sub-segmented into-
- 6.1. General Freight Trucking
- 6.2. Specialized Freight Trucking
- 7. Warehousing And Storage
The warehousing and storage market consists of sales of warehousing and storage services and related goods by entities (organizations, sole traders and partnerships) that operate warehousing and storage facilities for bonded merchandise, general merchandise, refrigerated goods and other warehouse products. Establishments in the warehousing and storage industry generally handle goods in containers, such as boxes, barrels, and/or drums, using equipment, such as forklifts, pallets, and racks. They are not specialized in handling bulk products of any particular type, size, or quantity of goods or products. The warehousing and storage market is segmented into general warehousing and storage; refrigerated warehousing and storage; specialized warehousing and storage and farm product warehousing and storage. Only goods and services traded between entities or sold to end consumers are included.
The Warehousing And Storage Market is sub-segmented into-
- 7.1. General Warehousing And Storage
- 7.2. Refrigerated Warehousing And Storage
- 7.3. Specialized Warehousing And Storage
- 7.4. Farm Product Warehousing and Storage
- 8. Water Transport
The water transport market consists of sales of water transportation services and related goods by entities (organizations, sole traders and partnerships) that provide water transportation of passengers and cargo using watercraft, such as ships, barges, and boats. The water transport market is segmented into deep sea, coastal, and great lakes and inland water transport. Only goods and services traded between entities or sold to end consumers are included.
The Water Transport Market is sub-segmented into-
- 8.1. Deep Sea, Coastal, And Great Lakes
- 8.2. Inland Water Transport
How Can We Help?
The Business Research Company`s Transportation Services Market Research Practice provides marketing, planning and strategy departments with a wider range of market, business, customer and competitor intelligence services across different segments of the transportation services industry. The transportation services market research services and solutions The Business Research Company provides are as follows —
- Transportation Services Market Sizing, Forecast and Trend Analysis
- Transportation Services Market Competitor Analysis
- Transportation Services Market Supply Chain Analysis
- Transportation Services Market Customer Research
- Transportation Services Market Partner or Distribution Research
- Transportation Services Market Entry Strategy Research Study
- Transportation Services Industry Analysis and Profiling
- Transportation Services Market Regulations
