Global Transportation Industry Market reached USD 7.31 trillion in 2022 and is expected to reach USD 11.1 trillion by 2030

The Global Smart Transportation Market Report is Segmented by Application (Traffic Management, Road Safety, and Security, Parking Management, Public Transport, Automotive Telematics, Freight), Product Type (Advanced Traveler Information Systems (ATIS), Advanced Transportation Management Systems (ATMS), Advanced Transportation Pricing Systems (ATPS), Advanced Public Transportation Systems (APTS), Cooperative Vehicle Systems), Geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Rest of Europe), Asia Pacific (China, Japan, Australia, Rest of Asia Pacific), Latin America (Mexico, Brazil, Rest of Latin America), and Middle East & Africa (United Arab Emirates, South Africa, Saudi Arabia, Rest of Middle East & Africa)). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Global Smart Transportation Market size will exceed a valuation of USD 368.48 billion by 2032, to grow at a CAGR of 13.30% during the forecast period.

Global Public Transportation Market size will exceed a valuation of USD 433.34 Million by 2032, to grow at a CAGR of 7.50% during the forecast period.

Explore the Oversized Cargo Transportation Market trends! Covers key players, growth rate 5.5% CAGR, market size $264.45 Billion, and forecasts to 2034. Get insights now!

The global freight transport market is poised to increase from USD 37.08 billion in 2024 to USD 145.69 billion by 2037, reflecting a CAGR of more than 11.1% during the forecast period, from 2025 to 2037. Key industry players include CEVA Logistics, CJ Logistics Corporation, United Parcel Service of America Inc., Kuehne + Nagel International AG, among others.

The global intermodal freight transportation market size reached USD 61.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 203.2 Billion by 2033, exhibiting a growth rate (CAGR) of 13.52% during 2025-2033. The escalating demand for intermodal freight transportation across the industrial sector, continual advancements in transport infrastructure and the advent of digital freight brokerage services and autonomous trucks represent some of the key factors driving the market.

In 2016, the global transportation predictive analytics and simulation market was worth US$ 1,550.0 million, and it is predicted to be worth US$ 3,916.6 million by 2027. The market is expected to grow at a CAGR of 8.9% by 2027.

Intelligent Transportation System Market size was valued at around USD 48.88 billion in 2024 and is projected to reach USD 66.19 billion by 2030 along with a CAGR of around 6.1%.

United States Road Freight Transport Market size was valued at USD 538.16 Billion in 2024 and is projected to reach USD 742.19 Billion by 2032, growing at a CAGR of 4.1% from 2025 to 2032.

Key Market Drivers

Rising E-commerce Logistics Demand: The explosive growth of online retail is fundamentally transforming the road freight requirements across the United States. According to the U.S. Department of Transportation’s February 2024 report, e-commerce-related trucking volumes increased by 42% compared to the previous year. The surge in last-mile delivery services has created unprecedented demand for road freight transportation.

Growing Infrastructure Investment: Federal and state-level infrastructure development is strengthening the road freight sector’s operational capabilities. The Federal Highway Administration’s January 2024 data revealed a $98 billion investment in highway infrastructure improvements and expansions. Enhanced road networks and modernized infrastructure have optimized freight movement efficiency.

The Non-Emergency Medical Transportation Market Report is Segmented by Service Type (Private Pay Patient Transportation, Insurance Backed Patient Transportation, and Courier Service), Application (Dialysis, Routine Doctor Visits, Mental Health Related Appointments, and Rehabilitations), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers the Value (in USD) for the Above Segments.

The global rail transportation market is expected to grow at a CAGR of more than 4.2% from 2024 to 2030.

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Animal Transportation Market 2024-2028

The animal transportation market size is estimated to grow at a CAGR of 5.07% between 2023 and 2028. The market size is forecast to increase by USD 600.02 million. The growth of the market depends on several factors such as increased demand for animals from slaughterhouses and the dairy industry, growth in the global pet population and decline in fuel prices increasing profit margins of LSPs.

The report offers extensive research analysis on the animal transportation market with a categorization based on Application, including livestock, pets, and others. It further segments the market by Type, encompassing personal and commercial. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.

What will be the Size of the Animal Transportation Market During the Forecast Period?

Animal Transportation Market Forecast 2024-2028

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Animal Transportation Market Dynamic

Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.

Driver- Decline in fuel prices increasing profit margins of LSPs

In recent years, there has been a substantial decline in fuel prices globally due to oversupply. Jet fuel prices constitute 35%-45% of the operating cost of airlines; thus, with the reduction in fuel prices, airfares became cheaper, resulting in driving air passenger traffic and profit margins of airlines. In 2019, the net profit margin for the global airline industry was around USD 42.5 billion, which reached around USD 48.2 billion in 2020. The decline in jet fuel prices, the strong performance of the airline industry, and strong economic conditions will boost the market for animal transportation via air.

Also, the decline in fuel prices for trucks will boost the market for animal transportation via road. Since half a decade back, there has been a steady decline in gasoline and diesel fuel prices, prompting shippers and freight forwarders to reduce invoice prices. This reduction benefitted LSPs in terms of better profit margins and prompted LSPs to improve the efficiency of the animal transportation supply chain. Such factors will drive the growth of the global animal transportation market during the forecast period.

Trends- Increasing adoption of the Internet of Things (IoT) in the logistics industry

Some logistics service providers have started adopting the loT for optimal asset utilization, geofencing, fleet management, and smart inventory management. IoT-based technologies help logistics companies with a large fleet in preventing sudden breakdowns. The integration of connected devices, such as electronic log devices (ELD), with the loT, enhances the efficiency of logistics operations. Furthermore, the companies that offer freight and logistics services are increasingly using the IoT in fleet management systems to perform a wide range of functions, such as aircraft maintenance, licensing and compliance, supply chain management, asset transfer, safety management, and fuel management.

Moreover, the next generation of successful supply chain management, known as logistics 4.0, will leverage edge computing and the IoT to yield real-time, automated sense-and-respond feedback mechanisms. In the coming years, there will be an increase in the implementation of the loT in the global animal transportation market, thereby propelling the growth of the global animal transportation market during the forecast period.

Challenge- Shortage of truck drivers and mandates on ELDs

The animal transportation market is highly dependent on the trucking industry for transportation via road for 300-350 miles. At a global level, there is a shortage of skilled truck drivers in the logistics industry, which is expected to grow steadily during the forecast period. A shortage of skilled truck drivers in the global animal transportation market can disrupt the supply chain. Livestock haulers are responsible for driving the truck safely with live load and play a critical role in animal husbandry. ELD implementation requires haulers to stop their vehicles after fixed service hours and unload animals at the nearest facility, as animals or livestock cannot stay in vehicles during rest hours. This poses a challenge for livestock haulers, as it increases the operational cost of animal transportation. European countries such as the UK a

The North America Freight And Logistics Market is segmented by End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others), by Logistics Function (Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage) and by Country (Canada, Mexico, United States). Market Value (USD) and Market Volume (ton-km, number of parcels, warehousing & storage space in square feet) are both presented. Key Data Points observed include Freight Transport Volume (ton-km) by Mode of Transport; Production Trends (Manufacturing, E-Commerce etc. in USD); Import and Export trends (in USD); and Freight Pricing Trends (USD per ton-km).

Global Intermodal Freight Transportation Market reached US$ 51.56 billion in 2023 and is expected to reach US$ 155.89 billion by 2031

The size and share of the market is categorized based on Type (Software, Service) and Application (Highway, Railway, Water Transport, Air Transport, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Logistics Market size was valued at USD 4.87 Billion in 2024 and is projected to reach USD 6.52 Billion by 2031, growing at a CAGR of 3.70% during the forecasted period 2024 to 2031.

Logistics Market: Definition/ Overview

Logistics encompasses the strategic coordination and movement of resources, including people, materials, inventory, and equipment, from one location to another, ensuring efficient transfer to the desired location or storage. This complex process involves multiple stages, from purchasing and delivering raw materials to packaging, shipment, and transportation to end distributors. Key components within logistics include inbound and outbound transportation, fleet management, and warehousing, all of which are essential for the seamless flow of goods.

Effective logistics management is crucial for business success, directly influencing operational efficiency and profitability. By streamlining the procurement, transportation, and storage of raw materials, businesses can reduce costs, improve productivity, and optimize resource use. Moreover, the timely delivery of products not only meets but often exceeds customer expectations, which enhances customer satisfaction and loyalty. This efficient logistics chain ultimately strengthens customer retention, positioning the business favorably in a competitive market. The importance of logistics extends beyond individual processes, serving as a backbone for smooth business operations and reinforcing the company’s overall service quality.

Transportation Analytics Market size was valued at USD 15.21 Billion in 2024 and is projected to reach USD 53.56 Billion by 2031, growing at a CAGR of 18.80% from 2024 to 2031.

Global Transportation Analytics Market Drivers

Urbanization and Congestion: The increasing population in urban areas leads to traffic congestion, necessitating efficient transportation management solutions.
Government Initiatives: Government support for smart cities and intelligent transportation systems is driving the adoption of transportation analytics.
Rising Fuel Costs: The need to optimize routes and reduce fuel consumption is increasing the demand for analytics solutions.

Global Transportation Analytics Market Restraints

Data Privacy Concerns: Handling and analyzing large amounts of passenger data raises concerns about privacy and security.
High Implementation Costs: Implementing transportation analytics solutions can be expensive, especially for smaller cities or organizations.
Lack of Skilled Professionals: There is a shortage of professionals with expertise in data analytics and transportation systems.

The Animal Transportation Market Report is Segmented by Type (Livestock, Pets, Other), and by Geography (North America, Latin America, Asia-Pacific (APAC), Europe, and the Middle East and Africa (MEA)). The Report Offers Market Size and Forecasts for the Animal Transportation Market in Value (USD) for all the Above Segments.

Global Transport Market to hit USD 9968.7B by 2029 growing at 7.3% CAGR. Explore trends, drivers, and competition for strategic insights with The Business Research Company.