How has the oversized cargo transportation market evolved, and where is it heading next?
The oversized cargo transportation market size has grown steadily in recent years. It will grow from $204.81 billion in 2024 to $213.62 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to emerging markets growth, the growing construction industry, growth in the renewable energy sector, increasing government support, and the growth of air cargo transportation.
The oversized cargo transportation market size is expected to see strong growth in the next few years. It will grow to $264.45 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to global population growth and urbanization, the growing automotive industry, the rising international trade, and the rising demand for raw materials from the manufacturing industries. Major trends in the forecast period include the expansion of heavy cargo transport stations, focus on the launch of new cargo centers to strengthen transportation services, rise in strategic mergers and acquisitions by market players, precision scheduled railroading to increase the efficiency of the rail network, use of artificial intelligence (AI) to provide real-time analytics and integration in cargo vehicles, IoT (Internet of things) in vehicles and fleet management software to improve efficiencies.
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What are the key drivers behind the rapid expansion of the oversized cargo transportation market?
Expansion of the construction industry is expected to propel the oversized cargo transportation market going forward. The construction industry refers to the industrial branch of manufacturing and trade related to building, repairing, renovating, and maintaining infrastructures. Oversized cargo transportation is used in the construction industry to transport building equipment and pre-built containers, thus, an increase in the construction industry will propel the market growth. For instance, in February 2024, the South Korea government plans to execute 2.7 trillion won ($2 billion) in construction spending in the first half, a 20% increase from 2023. Additionally, according to Invest India, the National Investment Promotion and Facilitation Agency that helps investors looking for investment opportunities and options in India, the Indian construction industry is projected to attain a value of $1.4 trillion by the year 2025. Therefore, the expansion of the construction industry is driving the oversized cargo transportation market.
What is the segmentation for the oversized cargo transportation market?
The oversized cargo transportation market covered in this report is segmented –
1) By Type: Road Transportation, Rail Transportation, Sea Transportation, Air Transportation
2) By End Use: Agriculture Machinery, Construction Machinery, Military Machinery, One-Piece Structure And Installations, Industrial Equipment, Aircraft And Watercraft, Other End Uses
Subsegments:
1) By Road Transportation: Flatbed Trucks, Lowboy Trailers, Specialized Heavy Haul Trucks
2) By Rail Transportation: Heavy-Duty Railcars, Flatcar Transport, Intermodal Containers
3) By Sea Transportation: Heavy Lift Vessels, Roll-On Or Roll-Off (RoRo) Ships, Flat Rack Shipping
4) By Air Transportation: Cargo Aircraft, Charter Flights For Oversized Cargo, Air Freight Services
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Who are the most influential companies in the oversized cargo transportation market?
Major companies operating in the oversized cargo transportation market include Kintetsu World Express, Inc, A.P. Møller – Mærsk A/S, Deutsche Bahn AG, DSV A/S, Landstar System, Inc, Daseke Inc., Mammoet North America, Orient Overseas Container Line Limited, Barnhart Crane & Rigging, Lynden Incorporated, Equity Logistics Australia, CJ Logistics, Allcargo Logistics Ltd, Swanson Transport Ltd, DMA Cargo Srl, Pastrello Autotrasporti S.r.l, DHL Supply Chain & Global Forwarding, DB Schenker, Sarens, Barrington Freight Ltd, Acirfa Shipping International S.L, Agora Freight, New Wave International Cargo Sp. z o.o. Sp, PANAS TRANSPORT, Black Sea Crown Logistic SRL, Watco Companies LLC, Omni Logistics, Ameritrans Freight International, Expeditors International, Sea Cargo Logistics, Schumacher Cargo Logistics, Crowley Maritime Corporation, Amerijet International Inc., Global Shipping Services LLC, Mullen Group Ltd, Latin American Cargo (LAC), Almajdouie Logistics, Jenae Logistics, Platinum Shipping & Logistics, Prime Shipping Agency LLC, Willem Steenkamp Transport, Spedag Interfreight, Tristar Transport
What are the most influential trends expected to drive the oversized cargo transportation market forward?
Major companies in the oversized cargo transportation market are focusing on using artificial intelligence (AI) to provide accurate analysis and real-time transport operations, transportation planning, and predictive operations. Artificial Intelligence in oversized cargo transportation helps to optimize operations and increase capacity. For example, in December 2022, CJ Logistics, a South Korean logistics company, launched The Unban, a freight transportation platform that directly connects senders and freight trucks through artificial intelligence and big data technology. The platform allows a freight truck owner to select a transportation bid after a bidder uploads information, such as point of departure, destination, and cargo type.
What are the major regional insights for the oversized cargo transportation market, and which region holds the top position?
The countries covered in the oversized cargo transportation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Oversized Cargo Transportation Market Report 2025 Offer?
The oversized cargo transportation market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Oversized cargo transportation refers to a cargo whose dimensions and weight exceed the size and weight of the cargo that will fit in a standard container and limit it to be transported conventionally. They are used to transport heavy and oversized freight.
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