The analysts forecast oversized cargo transportation market in the Americas to grow at a CAGR of 4.46% during the period 2018-2022. The latest trend gaining momentum in the market is Developments in construction equipment industry.
The growth in manufacturing facilities and developments in the construction equipment industry are positively impacting the oversized cargo transportation market in Americas.
Construction equipment consists of heavy equipment such as loaders and excavators; road construction equipment such as rollers and dozers; and other concrete equipment such as mixers.
Major key players in the oversized cargo transportation market in the Americas: Amerijet International, BDP International, Crowley Maritime Corporation, DB Schenker, DSV, and Expeditors International.
According to the oversized cargo transportation market report, one of the major drivers for this market is Growing investments in heavy equipment and mining industries. The oversized cargo transportation market in Americas is experiencing growth due to the rise in investments in the heavy equipment and mining industries.
In the US, Georgia and Michigan are the major hubs for industrial equipment manufacturing. The global construction equipment manufacturing industry is expected to grow at a rate of more than 5%, and the mining equipment market is expected to grow more than 6% during the forecast period.
The US and Canada are considered as developed markets in construction equipment, as both countries have a sound market position on a global scale. As of 2016, the construction sector worldwide was contributing more than 10% to the global GDP, whereas the US alone accounted for more than 3% contribution to the global GDP.
Further, the oversized cargo transportation market report states that one of the major factors hindering the growth of this market is Country-specific regulations and delivery route challenges. The selection of an optimal delivery route is the key challenge involved in the transportation of oversized cargo.
Such cargoes have odd shapes and parameters that need to be considered primarily while determining the route or developing the project plan. Route planning is a crucial task in such type of cargo transportation not only to ensure that time limits and safety aspects are met but also to be prepared and aware of infrastructural challenges in advance, such as road deterioration and weather changes.
Route planning includes identification of permissible routes for oversized cargo in accordance with cargo parameters and related legal restrictions. The next step in route planning is identification of cost factors to decide an economical route.
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Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
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What is driving this market?
What are the challenges to market growth?
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Few Points from List of Exhibits:
Exhibit 1: Dimensions of Containers As Standardized In Iso 668
Exhibit 2: Maximum Authorized Dimensions As Per The European Commission 2017
Exhibit 3: Maximum Authorized Weight and Axle Load As Per The European Commission 2017
Exhibit 4: List of Standard Documents Required In Oversized Cargo Transportation
Exhibit 5: Parent Market
Exhibit 6: Global Oversized Cargo Transportation Market
Exhibit 7: Market Characteristics
Exhibit 8: Market Segments
Exhibit 9: Market Definition - Inclusions and Exclusions Checklist
Exhibit 10: Market Size 2017
Exhibit 11: Validation Techniques Employed For Market Sizing 2017
Exhibit 12: Market Size and Forecast 2017-2022 ($ Bn)
Exhibit 13: Year-Over-Year Growth 2018-2022 (%)
Exhibit 14: Five Forces Analysis 2017
Exhibit 15: Five Forces Analysis 2022
Exhibit 16: Bargaining Power of Buyers
Exhibit 17: Bargaining Power of Suppliers
Exhibit 18: Threat of New Entrants
Exhibit 19: Threat of Substitutes
Exhibit 20: Threat of Rivalry