North America Transportation Aggregators Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Mode of Transportation, Vehicle Type, Payment Mode, and Region

North America Transportation Aggregators Market Definition:

A transportation aggregator is a technique that offers a set of transportation services as its main business, either individually or in conjunction with others, in order to solve cascading transportation issues.

 

Further, the North America Transportation Aggregators market is segmented by Mode of Transportation, Vehicle Type, Payment Mode and Geography. On the basis of Mode of Transportation, the North America Transportation Aggregators market is segmented under Roadways, Railways, Airways, and Seaways. Based on the Vehicle Type, the market is segmented under the Passenger, Logistic and Commercial. On the basis of Payment Mode, the Asia Pacific Transportation Aggregators market is segmented under Cash, Online Payment, and Mobile Wallets. By geography, the market covers the major countries in North America i.e., US, Canada and Mexico. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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North America Transportation Aggregators COVID 19 Insights:

The COVID19 pandemic has had a negative economic and social impact. The outbreak has impacted several companies' supply chains and value chains. The market for transportation aggregators is no exception.

 

The impact of the COVID19 pandemic is now being evaluated all across the sector, taking both the demand and supply sides into account. The pandemic's consequences would be examined and investigated in both short-term and long-term scenarios.

 

This will assist all key players, including suppliers, manufacturers, sellers, distributors, and end-users, in developing pandemic and post-pandemic business strategies.

 

North America Transportation Aggregators Market Dynamics:

Increasing Technological Progress:

 

Technological advancements such as smartphones, combined with increasing internet penetration, are assisting transportation aggregators in reaching a large number of consumers and allowing them to contact the aggregators from anywhere and at any time in the North American region. These factors are expected to boost market growth during the forecast period.

 

People in the North America region have increased their use of the internet and smartphone adoption in recent years.

 

Availability of various payment options:

There are several payment options available, including online payment, cash on delivery, and mobile wallets. Customers prefer mobile wallets because of the security they offer against money theft and other forms of loss. The availability of various payment options drives the market growth during the forecast period.

 

Cost Savings on Travel and Product Delivery:

These aggregators provide significant service cost savings, lowering travel and product delivery costs and giving them a competitive advantage. This Factor is expected to drive growth during the forecast period.

 

North America Transportation Aggregators Market Restraints:

Various regulations and restrictions hinder growth:

Different countries have different modes of operation, norms, and regulations, making it difficult to start a transportation aggregator business. These services are also not available in developing or remote areas. These challenges are expected to suppress market growth during the forecast period.

 

North America Transportation Aggregators Market Segment Analysis:

By Mode of Transportation, In the North America region, the Roadways segment is expected to grow fast during the forecast period. The road is the primary route of transportation. The majority of companies in the transportation aggregator market provide road transportation aggregation services. The roadways segment in North America is dominating the market with a 39.6% share.

 

The market in North America is expected to grow rapidly due to the highly integrated supply chain network. The North America region holds a 40% share of the total Transportation aggregator market. In North America, the transportation and logistics industry is extremely competitive. Silicon Valley is witnessing the global success of taxi aggregator Uber, which is currently ranked as the world's top start up and was valued at around US$ 51 billion in 2021.

 

The road freight transportation market of valued at US$ 103.29 Bn in 2021 and it will reach US$ 118.46 Bn by 2027. The Road freight transportation market is expected to grow at a CAGR of 2.31 % through the forecast period.

 

Cars are commonly used to move goods over short and medium distances, despite the fact that road transportation is inefficient. Many taxi-hailing companies, such as Uber and Ola, have received significant money to help them grow, making highways the most important transportation aggregation industry. Route transportation aggregation services are provided by both the personal and public teams.

 

In the North America region, 76% of People used Cars, 11% of people used public transportation while 10% of people used Bikes. Rail routes are typically used to transport large amounts of heavy freight over long distances. Rail routes within a country are a more convenient and secure mode of transportation. Rail Routes of the North America region accounted for 28% market share.

 

Airplanes are the most widely used means of intra-country transportation. Airplanes are used to transport both passengers and freight. For passenger transportation, there are numerous web portals that combine airline services. Shipping International provides a variety of online services for product shipping.

 

 

By Type of Vehicle, In the North America region, the passenger segment is growing the fastest. A passenger market is a services market in which investments must be held in a wholly separate account at the country's central securities depository in the name of the beneficial owner.

 

The planning, delivery, and control of physical commodities, marketing materials, and information from the producer to the market are referred to as marketing logistics. Customers must be satisfied while still generating a profit.

 

The logistic market of the North America region is valued at US$ 1347 Bn in 2021 and it will reach US$ 1569.44 Bn by 2027. The Logistic market of the Asia Pacific region is expected to grow at a CAGR of 2.58% through the forecast period.

 

North America Transportation Aggregators Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the europemarket, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the North America Transportation Aggregators market to the stakeholders in the industry. The report provides trends that are most dominant in the North America Transportation Aggregators market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the North America Transportation Aggregators Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the North America Transportation Aggregators market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the North America Transportation Aggregators market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the North America Transportation Aggregators market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the North America Transportation Aggregators market. The report also analyses if the North America Transportation Aggregators market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the North America Transportation Aggregators market. Economic variables aid in the analysis of economic performance drivers that have an impact on the North America Transportation Aggregators market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North America Transportation Aggregators market is aided by legal factors.

 

North America Transportation Aggregators Market Scope:

North America Transportation Aggregators Market
Market Size in 2023	USD 7.79 Bn.
Market Size in 2030	USD 13.36 Bn.
CAGR (2024-2030)	8%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Mode Of Transportation Roadways Railways Airways Seaways
	By Vehicle Type Passenger Logistics Commercial
	By Payment Mode Cash Online Payment Mobile Wallets
Country Scope	United States Canada Mexico

 

North America Transportation Aggregators Market Key Players: 

• RideScout (Washington, United States)
• Fehr?Peers (California, United States)
• DHL Logistics Company In Canada (Mississauga, ON, Canada)
• UPS Logistics Service (Burlington, Ontario)
• FedEx Logistics Service (Mississauga, Canada)
• Yusen Logistics Partner (Brampton, ON, Canada)
• XPO Logistics Company (Toronto, ON, Canada)