Transport Services Market
By Type;
Air Transport[Passenger Air Services, Cargo Air Services and Charter Air Services], General Transport[Freight Forwarding, Logistics Services and Courier Services], Pipeline Transport[Oil & Gas Pipeline Transport, Water Pipeline Transport and Chemical Pipeline Transport], Rail Transport[Freight Rail Services, Passenger Rail Services and High-Speed Rail Services], Transit & Ground Passenger Transport[Bus Services, Ride-Sharing Services and Taxi Services], Truck Transport[Long-Distance Trucking, Local Delivery Services and Specialized Freight Trucking], Warehousing & Storage[Public Warehousing, Private Warehousing and Cold Storage Facilities] and Water Transport[Cargo Shipping, Ferry Services and Cruise Services]By Destination;
Commuter Travel, Tourism & Leisure Travel, Business Travel, Cargo & Freight Travel and Shipping & Delivery TravelBy Service Scope;
Domestic and InternationalBy End-Use Industry;
Mining, Construction, Agriculture and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Introduction
Global Transport Services Market (USD Million), 2021 - 2031
In the year 2024, the Global Transport Services Market was valued at USD 8,596.44 million. The size of this market is expected to increase to USD 15,917.59 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.2%.
Transport Services Market
*Market size in USD million
CAGR 9.2 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 9.2 % |
| Market Size (2024) | USD 8,596.44 Million |
| Market Size (2031) | USD 15,917.59 Million |
| Market Concentration | Medium |
| Report Pages | 391 |
Major Players
- China National Railway Group
- United Parcel Service
- United States Postal Service
- Deutsche Post DHL Group
- FedEx Corporation
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Transport Services Market
Fragmented - Highly competitive market without dominant players
Transport services play a pivotal role in facilitating the movement of goods and people across various regions, contributing to economic development and global connectivity. These services encompass a wide range of activities, including freight transportation, passenger transportation, logistics, and supply chain management. Freight transportation involves the movement of goods by land, sea, and air, utilizing various modes such as trucks, ships, trains, and airplanes. Passenger transportation includes public transit systems, airlines, railways, and ride-sharing services, catering to the mobility needs of individuals and communities.
Logistics services encompass the planning, management, and execution of the flow of goods from the point of origin to the point of consumption. This includes activities such as warehousing, inventory management, distribution, and transportation coordination, optimizing supply chain efficiency and ensuring timely delivery of products. Transport services are integral to supply chain management, facilitating the seamless movement of goods throughout the entire logistics network, from manufacturers to retailers and end consumers.
The transport services market is influenced by various factors, including globalization, technological advancements, urbanization, environmental sustainability initiatives, and regulatory frameworks. Innovations such as automation, telematics, and alternative fuels are transforming the industry, enhancing efficiency, safety, and sustainability. With the increasing emphasis on environmental responsibility and supply chain resilience, there is a growing demand for sustainable transport solutions and agile logistics services. Overall, transport services play a critical role in driving economic growth, trade, and connectivity in an interconnected world.
Transport Services Market Recent Developments
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In April 2023, UPS entered a strategic collaboration with Arrival, an electric vehicle manufacturer, to integrate eco-friendly delivery vans into its logistics fleet. The initiative highlights UPS’s focus on advancing sustainable transportation and reducing emissions through the adoption of next-generation electric delivery vehicles.
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In June 2023, FedEx Corporation strengthened its logistics intelligence by acquiring FreightWaves, a prominent provider of freight market analytics. The acquisition aims to advance FedEx’s data-driven decision-making and enhance operational efficiency through deeper insights into global freight trends.
Transport Services Market Segment Analysis
In this report, the Transport Services Market has been segmented by Type, Destination, Service Scope, End-Use Industry, and Geography.
Transport Services Market, Segmentation by Type
The Transport Services Market is segmented by type into diverse modes that cater to both passenger and freight movement. Each category has its own set of technological innovations, regulatory challenges, and growth drivers shaped by trade expansion, globalization, and sustainability efforts. Increasing digitalization, automation, and the integration of smart logistics platforms have transformed operational efficiency across the transport ecosystem.
Air Transport
The Air Transport segment continues to evolve rapidly with growing demand for both passenger and cargo services. Airlines are investing in fuel-efficient fleets and digital ticketing systems to enhance customer experience. Growth in global trade and e-commerce is driving air cargo volumes, while tourism and business travel recovery post-pandemic have boosted passenger air traffic by over 15% year-on-year in several emerging markets.
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Passenger Air Services
This sub-segment benefits from strong recovery in leisure and business travel, supported by flexible booking options and low-cost carriers. Adoption of digital flight management systems has streamlined passenger operations globally.
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Cargo Air Services
The Cargo Air Services segment plays a vital role in time-sensitive logistics, driven by e-commerce and pharmaceutical shipments. Technological advancements in cold chain logistics have improved reliability and quality.
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Charter Air Services
Corporate and VIP travel demand is pushing the expansion of Charter Air Services. These services cater to niche segments with high-value clients seeking flexibility and privacy, driving steady revenue growth.
General Transport
The General Transport category encompasses logistics, freight forwarding, and courier networks that underpin global supply chains. As industries digitize, automation and real-time tracking are transforming efficiency and transparency across these sub-sectors.
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Freight Forwarding
This sub-segment supports cross-border trade by optimizing multimodal routes. The adoption of blockchain and IoT tracking ensures real-time cargo visibility and reduced administrative costs.
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Logistics Services
Growing e-commerce penetration and integrated supply chains have made Logistics Services a central growth driver. Companies are focusing on sustainability through electric vehicles and carbon-offset programs.
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Courier Services
The rise in last-mile delivery demand and digital marketplaces has accelerated courier market growth by over 20% in urban regions. Focus remains on delivery optimization and autonomous systems.
Pipeline Transport
Pipeline Transport remains crucial for continuous and cost-efficient movement of oil, gas, water, and chemicals. With increasing energy demand and industrial expansion, the segment sees consistent infrastructure investment across major economies.
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Oil & Gas Pipeline Transport
Rising demand for hydrocarbons and cross-border energy supply has encouraged new pipeline construction projects. Advanced monitoring technologies enhance safety and efficiency.
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Water Pipeline Transport
Urbanization drives demand for Water Pipeline Transport infrastructure. Smart sensors and leak detection systems are improving operational sustainability and reducing resource wastage.
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Chemical Pipeline Transport
This segment supports petrochemical industries, ensuring safe and continuous movement of hazardous materials. Companies are adopting corrosion-resistant materials for reliability.
Rail Transport
The Rail Transport market benefits from large infrastructure modernization projects and public investment in mass transit systems. Electrification and green rail initiatives are enhancing sustainability.
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Freight Rail Services
This segment remains key for bulk goods such as coal, steel, and cement. Adoption of automated signaling improves throughput and safety.
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Passenger Rail Services
Urban population growth fuels demand for Passenger Rail Services, supported by ticketing automation and improved convenience features.
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High-Speed Rail Services
Countries like China and Japan lead the High-Speed Rail sector, demonstrating remarkable technological advancement and connectivity expansion.
Transit & Ground Passenger Transport
This segment includes public and private on-ground mobility systems, driven by smart mobility trends, ride-sharing platforms, and government investments in sustainable transit systems.
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Bus Services
Modern bus networks increasingly adopt electric fleets and digital ticketing systems, contributing to emission reduction and cost optimization.
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Ride-Sharing Services
Ride-Sharing platforms such as Uber and Lyft have disrupted traditional mobility, expanding rapidly with over 30% annual growth in some regions.
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Taxi Services
Digitally integrated Taxi Services continue to adapt with app-based systems, real-time tracking, and dynamic pricing models for user convenience.
Truck Transport
Truck Transport remains the backbone of domestic logistics. Adoption of autonomous vehicles and telematics enhances efficiency in freight management and route optimization.
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Long-Distance Trucking
This sub-segment dominates intercity logistics, driven by e-commerce growth and just-in-time supply chain requirements.
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Local Delivery Services
Urbanization has led to rising demand for Local Delivery networks, supported by micro-fulfillment centers and electric fleets.
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Specialized Freight Trucking
Involves customized transport of heavy or hazardous goods, requiring specialized vehicles and adherence to safety regulations.
Warehousing & Storage
The Warehousing & Storage market underpins supply chain resilience, enabling just-in-time delivery models and e-commerce scaling. Smart warehouses use AI, robotics, and data-driven inventory systems to enhance efficiency.
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Public Warehousing
Accessible to multiple clients, this segment offers flexible storage solutions, supporting businesses with variable demand cycles.
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Private Warehousing
Operated by manufacturers or retailers, Private Warehouses ensure better inventory control and integration with proprietary logistics systems.
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Cold Storage Facilities
Crucial for the food and pharmaceutical sectors, this sub-segment shows growth exceeding 10% CAGR due to rising demand for temperature-controlled logistics.
Water Transport
Water Transport remains vital for international trade, facilitating movement of bulk commodities and passengers. Sustainability efforts are pushing adoption of clean propulsion systems and optimized port logistics.
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Cargo Shipping
Handles around 80% of global trade volume, driven by containerization and advanced tracking technologies.
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Ferry Services
Regional connectivity and tourism have boosted ferry services, especially across archipelagic nations investing in modern fleets.
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Cruise Services
Luxury travel demand and leisure tourism are fueling cruise industry recovery, with focus on green cruising and digital guest experience.
Transport Services Market, Segmentation by Destination
The market is further divided by Destination type, catering to different travel purposes ranging from personal to commercial. Each destination mode has distinct growth opportunities shaped by economic recovery, infrastructure upgrades, and demand from business and tourism sectors.
Commuter Travel
Driven by urbanization, Commuter Travel thrives on public transport development and smart city planning. Investments in metro systems and shared mobility enhance connectivity.
Tourism & Leisure Travel
This segment is recovering strongly, supported by reopening of international borders and travel incentives. Leisure demand has surged over 25% year-on-year in key destinations.
Business Travel
Corporate travel is rebounding with hybrid meeting models and global trade missions. Airlines and hotels are optimizing services for business flexibility.
Cargo & Freight Travel
With e-commerce growth, Cargo & Freight travel shows high resilience. Increased logistics automation and demand for faster deliveries drive innovation.
Shipping & Delivery Travel
Supports end-to-end fulfillment operations in global trade. Integration of digital tracking systems and cross-border regulatory alignment improves service reliability.
Transport Services Market, Segmentation by Service Scope
The market operates under Domestic and International service scopes, reflecting different operational structures and regulatory complexities. Cross-border trade, free trade agreements, and international collaborations significantly influence growth patterns.
Domestic
Domestic Transport services dominate regional mobility, supported by government infrastructure programs and logistics digitalization. Local e-commerce and retail expansion are key demand drivers.
International
International Transport supports trade globalization, with robust containerization, international aviation, and port expansion initiatives enhancing efficiency and reducing transit time.
Transport Services Market, Segmentation by End-Use Industry
End-use segmentation highlights demand diversity across key industries. The Mining, Construction, Agriculture, and Others sectors rely on transport services for raw material movement, project execution, and product distribution.
Mining
Mining transport operations demand specialized freight solutions for heavy and hazardous materials. Investment in autonomous vehicles and safety systems is rising.
Construction
Driven by global infrastructure expansion, Construction Transport supports large equipment and material movement with high reliability and cost efficiency.
Agriculture
Agriculture Transport ensures timely delivery of perishable goods. Growth in cold chain and rural logistics networks enhances supply chain efficiency.
Others
Includes diverse sectors like manufacturing, energy, and retail, leveraging integrated logistics networks to streamline global operations.
Transport Services Market, Segmentation by Geography
In this report, the Transport Services Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America remains a mature transport market characterized by advanced logistics networks and intermodal infrastructure. Ongoing investments in autonomous freight corridors and digital freight platforms strengthen efficiency.
Europe
Europe emphasizes sustainability through green transport policies and electrified fleets. The EU’s green mobility initiatives foster growth in multimodal logistics and low-emission transportation systems.
Asia Pacific
The Asia Pacific region leads global growth due to rapid industrialization, urbanization, and e-commerce expansion. China, India, and Japan dominate regional market share with heavy infrastructure investment.
Middle East & Africa
Middle East & Africa leverage strategic trade hubs and energy exports. Ongoing port development and logistics diversification create new opportunities for transport providers.
Latin America
Latin America experiences steady growth driven by manufacturing expansion and cross-border logistics integration. Infrastructure modernization and digital tracking solutions improve reliability and speed.
Transport Services Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Transport Services Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunities Analysis
Drivers
- E-commerce Expansion
- Urbanization and Population Growth
- Infrastructure Development
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Environmental Sustainability Initiatives - The increasing awareness of environmental issues, coupled with regulatory pressure to reduce carbon emissions, is driving a significant shift towards sustainable transport solutions in the global market. As governments and regulatory bodies implement stricter emissions standards and carbon reduction targets, industries are compelled to adopt greener practices across their operations, including transportation. This shift is reshaping the landscape of the transport services market, with a growing emphasis on eco-friendly alternatives such as electric vehicles (EVs), hydrogen fuel cell vehicles, and vehicles powered by renewable energy sources. Companies operating in the transport services sector are increasingly investing in sustainable technologies and practices to align with environmental goals and meet regulatory requirements.
One of the key areas of innovation within the transport services market is the development of electric vehicles (EVs) and their integration into transportation fleets. EVs offer a cleaner and more sustainable alternative to traditional gasoline and diesel-powered vehicles, reducing carbon emissions and dependence on fossil fuels. Additionally, advancements in battery technology are improving the range and performance of EVs, making them increasingly viable for a wide range of transportation applications. Alongside EVs, the adoption of alternative fuels such as biofuels, natural gas, and hydrogen is gaining momentum, providing additional options for reducing greenhouse gas emissions in the transport sector. Overall, the push towards sustainable transport solutions is driving innovation and reshaping the future of the transport services market towards a more environmentally friendly and sustainable direction.
Restraints
- Regulatory Compliance and Standards
- Infrastructure Limitations
- Rising Fuel Costs
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Technological Disruptions - Rapid advancements in technology, including the emergence of autonomous vehicles, electric propulsion systems, and digital platforms, have the potential to significantly disrupt traditional transport service models. Autonomous vehicles, for example, offer the promise of increased safety, efficiency, and cost-effectiveness by reducing the need for human drivers and enabling round-the-clock operations. However, the widespread adoption of autonomous technology requires substantial investments in research, development, and infrastructure to ensure regulatory compliance, address safety concerns, and integrate autonomous vehicles into existing transport networks seamlessly. Similarly, the shift towards electric propulsion systems in transportation aims to reduce carbon emissions and dependence on fossil fuels, offering environmental benefits and long-term cost savings. Transport service providers must adapt to these technological advancements by investing in electric vehicle fleets, charging infrastructure, and sustainable business practices to meet evolving customer expectations and regulatory requirements.
Furthermore, the proliferation of digital platforms and technologies, such as cloud-based logistics solutions, Internet of Things (IoT) sensors, and artificial intelligence (AI) algorithms, is reshaping how transport services are managed, monitored, and optimized. These digital tools enable real-time tracking, route optimization, predictive maintenance, and data-driven decision-making, enhancing operational efficiency, transparency, and customer service. However, the adoption of digital platforms requires investment in technology infrastructure, cybersecurity measures, and workforce training to harness the full potential of digitalization and remain competitive in a rapidly evolving market. Transport service providers must embrace these technological disruptions, adapt their business models, and collaborate with technology partners to leverage the benefits of automation, electrification, and digitalization in order to thrive in the future of transport services.
Opportunities
- Infrastructure Limitations
- Regulatory Challenges
- Rising Fuel Prices
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Environmental Concerns - The growing concerns about environmental sustainability and climate change have spurred a global movement towards adopting greener transportation solutions. As governments, businesses, and consumers increasingly recognize the urgent need to reduce carbon emissions and mitigate the impacts of climate change, there is mounting pressure on the transport services industry to transition to cleaner technologies and alternative fuels. This shift is particularly evident in sectors heavily reliant on fossil fuels, such as road freight, aviation, and maritime transport. However, while the transition to greener transportation solutions holds promise for reducing greenhouse gas emissions and improving air quality, it also presents significant challenges for transport service providers.
One of the primary challenges is the substantial upfront investment costs associated with adopting cleaner technologies and alternative fuels. For example, transitioning from diesel-powered vehicles to electric or hydrogen fuel cell vehicles requires substantial capital investment in upgrading vehicle fleets, installing charging infrastructure, and retraining personnel. Similarly, retrofitting existing infrastructure, such as ports and airports, to accommodate cleaner fuels and technologies involves significant financial commitments. Moreover, the operational challenges associated with greener transportation solutions, such as limited range and infrastructure availability for electric vehicles, as well as the storage and handling requirements of alternative fuels, further complicate the transition process for transport service providers. Despite these challenges, however, the imperative to address environmental sustainability and climate change is driving momentum towards greener transportation solutions, prompting industry stakeholders to explore innovative strategies and collaborative partnerships to overcome barriers and accelerate the transition towards a more sustainable transport sector.
Transport Services Market Competitive Landscape Analysis
Transport Services Market is witnessing significant transformation driven by rising demand for efficient logistics and mobility solutions. Key players are engaging in collaboration, merger initiatives, and strategic partnerships to enhance service offerings. Continuous innovation and adoption of advanced technological advancements are facilitating growth and shaping the market’s future outlook.
Market Structure and Concentration
The market exhibits a moderately concentrated structure, with top players accounting for a substantial share. Intensified competition is prompting companies to refine their strategies and foster partnerships. Rising focus on digital platforms and integrated service solutions contributes to sustained growth and enables continuous market expansion.
Brand and Channel Strategies
Leading transport service providers are leveraging multi-channel strategies to enhance customer engagement and brand visibility. Adoption of strategic collaboration and technology-driven distribution channels is increasing service reach. Partnerships and network optimization are driving growth, while brand differentiation through innovation is becoming critical for competitive positioning.
Innovation Drivers and Technological Advancements
Rapid technological advancements are reshaping operational efficiency in the transport services market. Companies are focusing on innovation in fleet management, route optimization, and digital tracking solutions. Enhanced automation and adoption of AI-powered platforms are accelerating growth and fostering strategic collaboration across the market.
Regional Momentum and Expansion
Market expansion is driven by strategic partnerships and targeted regional penetration. Strong growth is observed in regions with increasing urbanization and logistics demands. Companies are emphasizing technological advancements and collaborative strategies to strengthen regional networks and support sustainable market expansion.
Future Outlook
The transport services market is poised for continued growth through strategic mergers, partnerships, and technological innovation. Emphasis on integrated service solutions and digital platforms is shaping the future outlook. Collaborative strategies and continuous market expansion are expected to redefine competitive dynamics in the coming years.
Key players in Transport Services Market include:
- UPS (United Parcel Service, Inc.)
- FedEx Corporation
- DHL International GmbH
- Deutsche Post AG
- XPO Logistics, Inc.
- Kuehne + Nagel International AG
- DB Schenker
- C.H. Robinson Worldwide, Inc.
- Nippon Express Co., Ltd.
- J.B. Hunt Transport Services, Inc.
- SF Express
- Expeditors International of Washington, Inc.
- YRC Worldwide Inc.
- Toll Group
- Sinotrans Limited
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Destination
- Market Snapshot, By Service Scope
- Market Snapshot, By End-Use
- Market Snapshot, By Region
- Transport Services Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- E-commerce Expansion
- Urbanization and Population Growth
- Infrastructure Development
- Environmental Sustainability Initiatives
- Restraints
- Regulatory Compliance and Standards
- Infrastructure Limitations
- Rising Fuel Costs
- Technological Disruptions
- Opportunities
- Infrastructure Limitations
- Regulatory Challenges
- Rising Fuel Prices
- Environmental Concerns
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competative Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Transport Services Market, By Type, 2021 - 2031 (USD Million)
- Air Transport
- Passenger Air Services
- Cargo Air Services
- Charter Air Services
- General Transport
- Freight Forwarding
- Logistics Services
- Courier Services
- Pipeline Transport
- Oil & Gas Pipeline Transport
- Water Pipeline Transport
- Chemical Pipeline Transport
- Rail Transport
- Freight Rail Services
- Passenger Rail Services
- High-Speed Rail Services
- Transit & Ground Passenger Transport
- Bus Services
- Ride-Sharing Services
- Taxi Services
- Truck Transport
- Long-Distance Trucking
- Local Delivery Services
- Specialized Freight Trucking
- Warehousing & Storage
- Public Warehousing
- Private Warehousing
- Cold Storage Facilities
- Water Transport
- Cargo Shipping
- Ferry Services
- Cruise Services
- Air Transport
- Transport Services Market, By Destination, 2021 - 2031 (USD Million)
- Commuter Travel
- Tourism & Leisure Travel
- Business Travel
- Cargo & Freight Travel
- Shipping & Delivery Travel
- Transport Services Market, By Service Scope, 2021 - 2031 (USD Million)
- Domestic
- International
- Transport Services Market, By End-Use Industry, 2021 - 2031 (USD Million)
- Mining
- Construction
- Agriculture
- Others
- Transport Services Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Transport Services Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- UPS (United Parcel Service, Inc.)
- FedEx Corporation
- DHL International GmbH
- Deutsche Post AG
- XPO Logistics, Inc.
- Kuehne + Nagel International AG
- DB Schenker
- C.H. Robinson Worldwide, Inc.
- Nippon Express Co., Ltd.
- J.B. Hunt Transport Services, Inc.
- SF Express
- Expeditors International of Washington, Inc.
- YRC Worldwide Inc.
- Toll Group
- Sinotrans Limited
- Company Profiles
- Analyst Views
- Future Outlook of the Market

