Global Ground Transportation Market Insights Forecasts to 2032
- The Global Ground Transportation Market Size was valued at USD XX Billion in 2022.
- The Market Size is Growing at a CAGR of 4.8% from 2022 to 2032
- The Worldwide Ground Transportation Market Size is Expected to Reach USD XX Billion by 2032
- North America is expected to Grow the fastest during the forecast period
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The Global Ground Transportation Market Size is Expected to Reach USD XX Billion by 2032, at a CAGR of 4.8% during the forecast period 2022 to 2032.
Ground transportation is any mode of transportation that travels on land rather than air or water. This covers a broad spectrum of transportation, including bicycles, personal vehicles, buses, trains, and even freight trucks. The increasing government spending and initiatives to establish smart transportation developments are the primary factors driving the growth of the ground transportation market. Furthermore, governments have ambitious plans to meet the needs of the future mobility market and enhance the ground transportation sector. They are working on several projects to improve infrastructure, boost safety and security, and facilitate smooth traffic flow. Moreover, the market is being propelled by the robust expansion of economies around the world. The number of people moving into urban areas and the expansion of metropolitan areas have increased dramatically in recent decades. The growth of the market can be attributed to the advancement of technology and the growth of global infrastructure for transportation. To meet the demand for ground transportation in megacities, several governments are building light rail, metro, bus rapid transit, and monorail systems. Because of this, more people are utilizing public transit, which leads to market growth in the forecast period.
Global Ground Transportation Market Report Coverage
|Market Size in 2022:
|USD XX Billion
|2032 Value Projection:
|USD XX Billion
|Historical Data for:
|No. of Pages:
|Tables, Charts & Figures:
|By Product Type, By Types of Services, By Industry Vertical, By Business Model, By Region and COVID-19 Impact
|Ryder System, Inc., XPO Logistics Penske Logistics Schneider National, Inc., J.B. Hunt Transport Services, Inc., C.H. Robinson, Rhenus Logistics, DHL Supply Chain, Geodis, CEVA Logistics, DB Schenker, DSV, Panalpina Kuehne + Nagel GEFCO Group, Dachser, SE, Ewals Cargo Care, SNCF Logistics and Other Key Players.
|Pitfalls & Challenges:
|COVID-19 Empact, Challenge, Future, Growth, & Analysis
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The ground transportation industry has improved as a result of technological advancements. Automation technologies, like robotics and artificial intelligence, have enhanced efficiency in multiple transportation-related aspects. Operations have been simplified, human error has decreased, and productivity has increased through automated systems for inventory management, cargo handling, and maintenance procedures. In addition, the ground transportation ecosystem has completely changed as a result of the increased adoption of technologies in recent years, which has improved connectivity. By providing mobility options for people with disabilities, low-income individuals, and the elderly, ground transportation also promotes social inclusion.
Furthermore, there is a great deal of promise for the ground transportation sector to be transformed by the development of autonomous vehicles, such as self-driving trucks, cars, and drones. These cars have the power to improve safety, maximize fuel economy, lessen traffic, and cut down on transportation expenses.
When compared to air, sea, and rail transportation, it is a far less structured mode. The rates may change at any time due to their erratic nature. Because of the wide range of options available to the industry, it is unstable and unpredictable. Thus, such factors are hampering the market growth in the forecast period.
By Product Type Insights
The forwarding services (Transactional) - full truckload (FTL) segment dominates the market with the largest revenue share through the projection period.
Based on product type, the global ground transportation market is segmented into network services, forwarding services (Transactional) - full truckload (FTL), forwarding services (Transactional) - less than truckload (LTL), dedicated fleet solutions, and others. Among these, the forwarding services (Transactional) - full truckload (FTL) segment is dominating the market with the largest revenue share through the projection period. FTL services can be very cost-effective for businesses because customers receive items quickly. Consumers can choose two-day delivery within certain areas, making delivery options more flexible.
By Type Of Services Insights
The full transportation management segment is witnessing significant CAGR growth through the anticipation period.
Based on the type of services, the global ground transportation market is segmented into pure asset leasing, driver leasing, and full transportation management. Among these, the full transportation management segment is witnessing significant growth through the anticipation period. It is a service for transportation that offers safety, speed, security ease of procedure and a wide coverage
By Industry Verticals Insights
The FMCG segment is anticipated to hold the largest share of the global ground transportation market during the forecast period.
Based on the Industry verticals, the global ground transportation market is classified into manufacturing, retail, e-commerce, pharmaceuticals, FMCG, and others. Among these, the FMCG segment is anticipated to hold the largest share of the ground transportation market during the forecast period. The FMCG allows for the flexible and quick transportation of low-volume products over short and medium distances. Moreover, ground transportation avoids port wait times, and goods can be delivered straight to consumers at the warehouse.
By Business Model Insights
The outsourcing segment accounted for the largest revenue share through the forecast period.
Based on the business model, the global ground transportation market is segmented into outsourcing and insourcing. Among these, the outsourcing segment dominates the market with the largest revenue share through the forecast period. Outsourcing can provide businesses with the flexibility to meet changing resourcing requirements in response to fluctuating customer or market demands. This flexibility can help your business navigate risks, support sustainable business growth and plan for peak periods where additional support may be required.
Asia Pacific dominates the market with the largest market share over the forecast period.
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Asia Pacific is dominating the market with the largest market share over the forecast period. The primary reasons are the region's growing population, the improvement of public transportation, and the expansion of cities. With an emphasis on reducing emissions and rapid development in the ground transportation sector, along with a reduction in the use of private vehicles, South America and Middle East Asia, which is included in the rest of the world, have seen amazing growth in recent years. This growth has been driven by the Asia Pacific region's growing demand for ground transportation worldwide.
North America is expected to grow the fastest during the forecast period. The rising demand for affordable public transportation solutions such factors are boosting the market growth for ground transportation. Ground transportation is affordable because of its limited accessibility. The government has undertaken various investment initiatives to address this issue to provide affordable and accessible transportation facilities.
List of Key Market Players
- Ryder System, Inc.
- XPO Logistics Penske Logistics Schneider National, Inc.
- J.B. Hunt Transport Services, Inc.
- C.H. Robinson
- Rhenus Logistics
- DHL Supply Chain
- CEVA Logistics
- DB Schenker
- Panalpina Kuehne + Nagel GEFCO Group
- Ewals Cargo Care
- SNCF Logistics
- Other Players
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global ground transportation market based on the below-mentioned segments:
Ground Transportation Market, Product Type Analysis
- Network Services
- Forwarding Services (Transactional) - Full Truckload (FTL)
- Forwarding Services (Transactional) - Less Than Truckload (LTL)
- Dedicated Fleet Solutions
Ground Transportation Market, Types of Services Analysis
- Pure Asset Leasing
- Driver Leasing
- Full Transportation Management
Ground Transportation Market, Industry Verticals Analysis
Ground Transportation Market, Business Model Analysis
Ground Transportation Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
1. What is the market size of the global Ground Transportation Market?The Global Ground Transportation Market is expected to grow from USD XX billion in 2022 to USD XX billion by 2032, at a CAGR of 4.8% during the forecast period 2022-2032.
2. Which region is dominating the Global Ground Transportation market?Asia Pacific is dominating the global ground transportation market.
3. Which are the key companies in the market?Transport for London, Kuehne + Nagel International AG, Overland Total Logistics Services (M) Sdn Bhd, First European Logistics Ltd., Deutsche Post AG (DHL Group), CEVA Logistics, Ital Logistics Ltd., Cargo Carriers Limited, DB Schenker and others.
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