(MENAFNEditorial) iCrowdNewswire - Nov 14, 2017
research report presents actionable intelligence on various factors which will help buyer in identifying major parameters impacting the market; analyzing the market performance of key companies; understanding the market dynamics of the key segments; outlining the market performance across regions.
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.
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Oversized Cargo Transportation Market Drivers, Challenges and Trends: –
Market Driver: – 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.
Market Challenge: – 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.
Market trend: – The latest trend gaining momentum in the market is growing developments in construction equipment industry. The developments in construction equipment are positively influencing the global oversized cargo transportation market. This is because construction equipment consists of heavy earthmoving equipment such as loaders and excavators; road construction equipment such as rollers and dozers; and concrete equipment such as mixers. In the construction equipment industry, it is estimated that more than 40% of the overall revenue is generated from heavy wheel loaders and excavators. Furthermore, it is found that the Americas and Europe has a well-established rental market for heavy earthmoving equipment
Market segmentation by transportation type:- by transportation type, segmentation by road, by rail, segmentation by sea, by air ; Geographic Segmentation: – Americas, APAC, EMEA
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To determine the Oversized Cargo Transportation 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 report covers the market landscape and its growth prospects over the coming years. Report contains vendor landscape in addition to a SWOT analysis of the key vendors operating in Oversized Cargo Transportation market space like DSV, Orient Overseas Container Line (OOCL), Bohnet GmbH, STA Logistic, DB Schenker and many more.
Some key points of Oversized Cargo Transportation Market research report: –
What is status of Oversized Cargo Transportation Market? This Overview Includes Analysis of Market trends, Prospect, Growth trend, Key buying criteria, Product offerings, Key takeaways. What will the market size be in 2021 and what will the growth rate be?
What Is Oversized Cargo Transportation Competitive landscape considering Manufacturers, Types, Application; their business segmentation by revenue?
Market Effect Factors Analysis: What Are Drivers, Challenges and their impact? What are the crucial market trends?
Decision framework of Oversized Cargo Transportation Industry; Consumer Needs or What Change Is Observed in Preference of Customer of Oversized Cargo Transportation Market
What is Oversized Cargo Transportation Market forecast Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types and Applications?
This report provides new business dimensions with an eye on growth opportunities and contribution of upcoming market segments.
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