Global Transportation Service Market Research

Evolution in Green Transport to Boost the Growth in Global Transportation Services-Ken Research

The report titled “Transportation Services Global Market Report 2018 Including: Air Transportation; General Transportation; Pipeline Transportation; Rail Transportation; Transit And Ground Passenger Transportation; Truck Transportation; Warehousing And Storage; Water Transportatio Covering: China Railway Corporation, Russian Railways, Indian Railways, Deutsche Bahn AG, Union Pacific Railroad”, provides a comprehensive analysis of global transportation services, major modes of transport, R&D on alternative fuels, geography, various modes of transport services, leading companies in global transportation services, technological advancements, green transport and future of global transportation services.

Industry Overview: Global transportation services industry consists of the air, marine, rail, and road transportation sectors which include domestic and international transportation. The key factor affecting the transportation industry is the growth in global trade. There is a huge demand for public transportation and goods transportation all over the world. The leading mode of transportation is road transport which accounts for a major share in the transportation services globally. Road Transportation is flexible to carry various perishable and non-perishable goods nationwide. The rise in fuel prices is a major factor affecting the global truck companies. If a country is huge, rail transport is the leading mode of transportation. The rail transport is as profitable as the road transport, although there is an increase in the prices in few regions. There is an increase in air transport and marine transport but the major drawback is the cost of the fuel used, tighter regulations and over long-haul routes.

Globally, rail transportation companies are investing heavily in R&D to develop alternative energy sources to operate transportation. Various alternatives for diesel are hydrogen and LNG that can be used to power trains for transportation. The growing environmental concerns due to climate change and rising fears of energy security is boosting the use of alternative energy sources. The Netherlands’ national railway company Nederlandse Spoorwegen (NS) and electricity company Eneco is operating all its trains on wind energy from the year 2017.

Geography, Various Modes of Transport and Leading Companies in Global Transportation Services: The global transportation sector is geographically spread across Americas, Europe, Asia, Middle East and Africa. The various transportations covered under global transportation services are general transportation, truck transportation, air transportation, rail transportation, transit and ground passenger transportation, warehousing and storage, water transportation, and pipeline transportation. The leading companies covered under global transportation services are China Railway Corporation, Deutsche Post DHL Group, United Parcel Service, FedEx, American Airlines Group, Delta Air Lines, United Continental Holdings, Japan Post Holdings, Lufthansa Group and Air France – KLM.

Technological Advancements: The increasing use of smart devices across the globe has encouraged the use of transportation management systems. They use data from many technologies such as radio-frequency identification (RFID), sensors, barcodes, and the global positioning system (GPS) which help in the efficient monitoring. This trend increases the efficiency of a company and improves its business value. Almost all the nations around the globe are concerned about global warming, increasing fuel prices, and natural resource depletion. This has encouraged the nations to find sustainable transport practices such as environment-friendly transport. It was observed that large trucks and small passenger cars are the major energy users in the transportation sector due to high transport volumes and energy intensities. Almost all the green transport infrastructure comprise of electric vehicles, electric motorcycles, rail transport, and mass rapid transit.

Future of Global Transportation Services: Ever-growing population, rapid urbanization, green transport and economic boom across the globe are the key factors driving the transportation services industry. The demand for green transport will surely fuel the growth of the transportation services over the next few years.

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