Global Oversized Cargo Transportation Market to grow at a CAGR of 4.41% during the period 2017 - 2021; Finds New Report

Report forecast the global Oversized Cargo Transportation market to grow at a CAGR of 4.41% during the period 2017-2021.

An oversized cargo is a load that exceeds the dimensions and weight limits of a normal transport. It requires extensive expertise and handling. There are certain factors that are considered as the determinants for an oversized cargo such as cargo dimensions, cargo weight, available cargo space, and acceptable pressure and stress on the loading surface. The market is segmented based on transportation type (road, rail, sea, and air) and geography (the Americas, EMEA, and APAC). The definition of an oversized cargo varies for every mode of transportation based on the dimensions and weights allowed for its transport.

The report covers the present scenario and the growth prospects of the global oversized cargo transportation market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of oversized cargo transportation services through various modes, which includes road, rail, sea, and air. The sea market includes inland waterways and maritime shipping.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one of the major drivers for this market is increasing investments in oversized cargo industry. The global oversized cargo transportation market is driven by increasing investments in the machinery and equipment industries for the developments of heavy equipment and machineries. The global construction equipment industry is expected to grow at a rate of nearly 6% and the agriculture machinery and mining equipment market at more than 8% during the forecast period. Major equipment involves a crane, clamshell, grid roller, and bulldozer among others, which require a careful handling during transportation.

Further, the report states that one of the major factors hindering the growth of this market is loss of containers during sea transportation. It is observed that nearly 10,000 containers fall from ships every year, which amounts to almost 41,000 tons' weight annually. Similarly, it is estimated that the lost merchant freight at sea amounts to nearly 1.1 million tons every year, which includes break-bulk cargo and bulk goods other than containers. In addition, there is no centralized data maintained for such losses, and the damages reports are rarely shared with line operators, and such cases are not made public to avoid legal circumstances.

Global Oversized Cargo Transportation Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global oversized cargo transportation market: DSV, Orient Overseas Container Line (OOCL), Bohnet GmbH, STA Logistic, and DB Schenker.

Other Prominent Vendors in the market are: Amerijet, APL, Dextra Industry & Transport, Global Shipping Services, IB Cargo, ISDB Logistik, Lynden, Panalpina, SNcargo, TAD Logistics, UAB Eivora, and Zoey Logistics.

Market driver

• Increasing investments in oversized cargo industry
• For a full, detailed list, view our report

Market challenge

• Loss of containers during sea transportation
• For a full, detailed list, view our report

Market trend

• Growing developments in construction equipment industry
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages “Global Oversized Cargo Transportation Market 2017 - 2021” report covers Executive summary, Scope of the report, Research Methodology, Introduction, Market landscape, Market segmentation by transportation type, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Appendix.

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