Analysis on Impact of COVID-19- Oversized Cargo Transportation Market 2020-2024 | Evolving Opportunities with BOHNET GmbH and CMA CGM Group | Technavio

The global oversized cargo transportation market is expected to grow by USD 39.83 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 3%.

Request challenges and opportunities that influence COVID-19 pandemic - Request Free Sample Report on COVID-19 Impacts

Read the 120-page report with TOC on "Oversized Cargo Transportation Market Analysis Report by Transportation Type (Road, Rail, Sea, and Air), Geography (North America, APAC, Europe, South America, and MEA), and the Segment Forecasts, 2020-2024".

https://www.technavio.com/report/oversized-cargo-transportation-market-industry-analysis

The market is driven by increasing investments in the oversized cargo industry. In addition, the increased capacity of trailers and shipping vessels is anticipated to boost the growth of the oversized cargo transportation market.

Factors such as the rise in population, rapid urbanization, and high demand for food have significantly contributed to the growth of the construction, agriculture, and mining industries. This is leading to the increased procurement of equipment such as cranes, clamshells, grid rollers, bulldozers, and others that require careful handling during transportation. Such types of oversized cargo transportation require proper infrastructure. Besides, many governments across the world are taking various initiatives to boost infrastructure and transportation. For instance, in February 2020, the Government of India announced its plans to invest USD 23 billion to improve transport and logistics infrastructure and facilitate international trade for exporters and importers. Such investments are fueling the growth of the global oversized cargo transportation market.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Oversized Cargo Transportation Companies:

BOHNET GmbH

BOHNET GmbH operates its business through a unified segment. The company offers a superlative transport solution for the transportation of oversize shipment and heavy loads by using a state-of-the-art vehicle fleet of 12 tractors and 160 combinable axle lines.

CMA CGM Group

CMA CGM Group operates its business through segments such as Container shipping, Logistics activities, and Other activities. The company offers transportation services for special, heavy and oversized cargos such as military tanks, road-building machinery, and oil drilling equipment that cannot be containerized. The company also uses Out of Gauge (OOG) and special cargo handling facilities and equipment to offer such services.

Crowley Maritime Corp.

Crowley Maritime Corp. operates its business through a unified segment. The company offers complex, high-value, heavy-lift and over-dimensional project cargo services and global logistics and international freight forwarding services to energy, engineering, procurement and construction management (EPCM), mining, and government sectors.

Deutsche Post DHL Group

Deutsche Post DHL Group operates its business through segments such as Post & Parcel Germany, Express, Global Forwarding, Freight, Supply chain, and eCommerce Parcel. The company offers logistics and full-service management for oversized cargo to industries such as oil and gas, renewables, mining, engineering, procurement and construction (EPC), and engineering and manufacturing.

DSV Panalpina A/S

DSV Panalpina A/S operates its business through segments such as Air & Sea, Road, and Solutions. The company offers tailor-made global transport and logistic solutions that include loading, transshipment, and discharging services for oversized cargo.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Oversized Cargo Transportation Market Transportation Type Outlook (Revenue, USD Billion, 2020-2024)

• Road
• Rail
• Sea
• Air

Oversized Cargo Transportation Market Geography Outlook (Revenue, USD Billion, 2020-2024)

• North America
• APAC
• Europe
• South America
• MEA

Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Request a free sample report

Related Reports on Industrials Include:

Global Rail Logistics Market ? Global rail logistics market by type (intermodals, tank wagons, and freight cars), and geography (APAC, Europe, MEA, North America, and South America).

Global Railcar Movers Market ? Global railcar movers market by application (metal and mineral, oil and gas, and CCC) and geography (APAC, North America, Europe, MEA, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.