7/21/2021 Laser Dust Monitoring Market – Innovations & Competitive Analysis – Forecast – Facts and Trends

Laser Dust Monitoring Market – Innovations &

Competitive Analysis – Forecast
JULY 21, 2021 BY SURENDRA CHOUDHARY  ♥

Cargo Transportation Market: Introduction

Cargo transportation is freight or shipment transportation that is used to transport cargo from
one place to another. Cargo transportation includes transport of goods, raw material, finished
products, and other such material between manufacturers, distributors, retailers, and end-users.
Budding bilateral trade coupled with revised trade policies are key factors that are anticipated to
drive the global cargo transportation market.
Cargo transportation includes various modes of transportation and requires special equipment,
escort, cargo space, permits, machinery, advance agreements, and knowledge. Cargo
transportation for roadways includes various types of vehicles such as pick-up trucks, lorry
tanks, dry van trucks, flatbed trucks, truck trailers, and refrigerated trucks.

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Key Drivers of Cargo Transportation Market

The efficient movement of cargo transportation is essential to any economy and to the quality of
life. Therefore, several players in the cargo transportation market are introducing a cost-effective
cargo transportation management system that supports not only large players but also small and
local players to compete proficiently at the global arena. This, in turn, is expected to boost the
global cargo transportation market.
Rise in industrialization and expansion of the construction industry are key factors that are
estimated to propel the cargo transportation market during the forecast period. Moreover, rapid
expansion of transport facilities across the globe, owing to urbanization and technological
reforms during the past decade, have fueled the demand for transport of goods and
commodities. This, in turn, is expected to propel the cargo transportation market during the
forecast period.
Increased demand for rail transportation is attributed to its advantage over other modes of
transportation such as performance, energy consumption, and safety. Advancements in a wide
range of rail cargo transportation management solutions designed for small cargo trains,
intermodal lines, among others owing to a rise in rail cargo transportation, are anticipated to
boost the global cargo transportation market during the forecast period. Major players including
DXC Technology and Goal Systems are offering rail cargo transportation management products
in order to cater to the expansion of the cargo transportation market.
Rise in trade among countries around the world and noteworthy import and export owing to
globalization are driving the global cargo transportation market, in terms of all means of
transport, during the forecast period. However, higher initial capital investments and
maintenance of entire cargo transportation and process are projected to hamper the cargo
transportation market during the forecast period.
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Global Cargo Transportation Market: COVID 19 Impact

The coronavirus pandemic resulted in forced lockdown of manufacturing and production

facilities globally. Therefore, the demand for cargo transportation from construction, automotive
industries declined; however, coronavirus pandemic outbreak has prompted consumers across
globe to opt for online shopping trends owing to safety concerns. This has increased the demand
for cargo transportation from food & beverage and pharmaceutical industries, thereby boosting
the market in 2020. The trends towards e-commerce is likely to increase and consequently drive
the cargo transportation market globally during the forecast period.

North America to Account for Prominent Share of global Cargo

Transportation Market

In terms of region, the global cargo transportation market can be segmented into North America,
Europe, Latin America, Asia Pacific, and Middle East & Africa
North America is anticipated to dominate the global cargo transportation market. The U.S. is
estimated to account for a significant share of the market in North America. This major share is
attributed to expansion of the retail sector due to majority firms adopting digital business
practices and adopting online business channels. Advancements of technology in IT and cloud
computing sectors is boosting the cargo transportation market in the U.S.

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Key Players Operating in Cargo Transportation Market

The global cargo transportation market is concentrated owing to the presence of prominent
transportation service providers. A few key players operating in the global cargo transportation
market are:

Amerijet International
APL
Crowley Maritime Corporation
DB Schenker
Dextra Group.
DSV
Expeditors International
Global Shipping Services, LLC
IB Cargo
ISDB Logistik GmbH
Lynden STA Logistic
Orient Overseas Container Line Limited.
PANALPINA WORLD TRANSPORT (HOLDING) LTD.
R Group
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Schumacher Cargo Logistics.

Spedition Bohnet GmbH
TAD Group
Zoey Logistics
Other Key players

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