The oversized cargo transportation market in the Americas is expected to grow at a CAGR of more than 4% from 2018-2022, according to a new market research report by Technavio.
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Technavio has published a new market research report on the oversized cargo transportation market in the Americas 2018-2022 under their transportation and logistics library. (Graphic: Business Wire)
Oversized cargo transportation market in the Americas segmentation by type and geography
Technavio’s report on the oversized cargo transportation market in Americas analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by product type, which includes oversized cargo transportation market in the Americas by type of transportation such as road, rail, sea, and air. The rising developments in construction equipment industry is one of the key factors driving the growth of the oversized cargo transportation market in the Americas.
Based on end-user, the oversized cargo transportation market in the Americas has been segmented into based on countries — i.e., the US, Canada, and other countries. As of 2017, 48% of the market share came from the US.
“The oversized cargo transportation market in Americas can be segmented into the US, Canada, and other countries. The other countries include Mexico, Brazil, Argentina, Colombia, Uruguay, Peru, and Chile. Strong countries like the US and Canada are contributing more to the oversized cargo transportation market when compared with other South American countries. In 2017, the US accounted for the highest share of around 48% in the oversized cargo transportation market in Americas. This share is likely to exceed 50% during the forecast period,” says a lead analyst at Technavio fortransportation and distribution research.
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Other topics covered in the report:
Market driver:
- Growing investments in heavy equipment and mining industries
Market challenge:
- Country-specific regulations and delivery route challenges
Market trend:
- Developments in construction equipment industry
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