Transportation Aggregators Market: Global Industry Analysis and Forecast (2024-2030)

Transportation Aggregators Market Definition:

A transportation aggregator is an entity that provides a variety of transportation services as its core business, either as a stand-alone provider or through partnerships, to solve numerous cascading transportation problems.

 

Further, the Transportation Aggregators market is segmented by Mode of Transportation, Vehicle Type, Payment Mode, and geography. On the basis of Mode of Transportation, the Transportation Aggregators market is segmented under Roadways, Railways, Airways, and Seaways. Based on the Vehicle Type, the Transportation Aggregators market is segmented under Passenger, Logistic and Commercial. Based on the Payment Mode, the Transportation Aggregators market is segmented under Cash, Online Payment, and Mobile Wallets. By geography, the market covers the following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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Transportation Aggregators Market Dynamics:

Transportation Aggregators Market Covid 19 Insight: The COVID-19 pandemic has impacted negatively on the economy and society. Several firms' supply chains and value chains have been impacted by the outbreak. The market for transportation aggregators is no exception.

 

The impact of the COVID-19 pandemic will be studied across the whole industry, considering both demand and supply. The effects of the pandemic would be explored and analysed in both short and long-term scenarios. This will assist all stakeholders in the sector, including suppliers, manufacturers, vendors, distributors, and end-users, in developing business plans for both the pandemic and the post-pandemic phase.

 

Transportation Aggregators Market Drivers:

• Technological Advancements:  Technological improvements such as smartphones, combined with increasing internet penetration, are assisting transportation aggregators in reaching a huge number of consumers and allowing them to contact the aggregators from anywhere and at any time. These factors are expected to enhance market growth during the forecast period. Increasing use of internet and smartphone adoption by people has been increased in recent years.

 

• Reduction in Costs of travelling and transport of products: These aggregators offer significant reductions on the cost of services, lowering the cost of travelling and products delivery, and giving them an advantage over their competitors. These factors are expected to fuel market growth during the forecast period.

 

Transportation Aggregators Market Restraints:

Variant Regulations and Restrictions: Different countries have different modes of operation, norms, and regulations, which makes creating a business for transportation aggregators a major problem. Also, these services are not available in developing or sparsely inhabited areas. These challenges are expected to stifle market growth during the forecast period.

 

Transportation Aggregators Market Segment Analysis:

By Mode of Transportation, A Roadway Transportation is expected to grow at highest CAGR through the forecast period. The main mode of transportation is the road. The majority of organizations in the transportation aggregators market provide transportation aggregation services for roadways.

 

Motor vehicles are used to convey commodities across short and medium distances using road transportation. Several taxi-hailing companies, like as Uber and Ola, have received millions of dollars in funding to run their businesses, making roads the largest transportation aggregation market.

 

 

 

Both private and public groups provide highway transportation aggregation services. Road Freight Transportation market of valued at US$ 3500 Bn in 2021 and it will reach US$ 4800 Bn by the 2027. The Road Freight Transportation market is expected to grow at a CAGR of 4.9% through the forecast period.

 

Railways are commonly used to convey large volumes of heavy material over long distances. Within a country, railways are a more convenient and secure form of transit. In most cases, railway transportation aggregation is handled by the country's national government; however, in other places, commercial businesses, particularly for intercity transportation, conduct railway transportation aggregation.

 

Rail Transport market of valued at US$ 435.1 Bn in 2021 and it will reach US$ 468.55 Bn by the 2027. The Rail Transport market is expected to grow at a CAGR of 1.49%through the forecast period. For intra-country travel, airplanes are the most popular mode of transport. Airplanes are used for both passenger and cargo transportation. Various internet portals that combine airline services are offered for passenger transportation. For the shipping of goods, Air Transport International offers different online services.

 

The carrier, seaports, terminals, and labour involved in the transfer of merchandise and passengers by water are all referred to as seaways. Among the four modes of goods transportation, the seaways segment has the biggest percentage share in terms of value for cargo transit.

 

Air Transport market of valued at US$ 653.05 Bn in 2021 and it will reach US$ 728.61 Bn by the 2027. The Air Transport market is expected to grow at a CAGR of 11.6%through the forecast period. Air Transport service market of valued at US$ 538.48 Bn in 2021 and it will reach US$ 1332.45 Bn by the 2027. The Air Transport service market is expected to grow at a CAGR of 16.3%through the forecast period.

 

By Distribution Channel, Passenger Market segment hold largest share in the Transportation Aggregator Market. A passenger market is a securities market in which securities are required by regulation to be held in a completely separate account in the name of the beneficial owner at the country's central securities depository.

 

In contrast, in the United States, most securities are held in street name, that is, in the accounts of brokers or custodians rather than clients. Marketing logistics is concerned with the planning, delivery, and control of physical goods, marketing materials, and information from the producer to the market. The goal is to meet customer demands while still making a profit. Logistic market of valued at US$ 953.51 Bn in 2021 and it will reach US$ 1391.31 Bn by the 2027. The Logistic market is expected to grow at a CAGR of 6.5% through the forecast period.

 

Transportation Aggregators Market Regional Insights:

The Asia Pacific market is expected to grow at the fastest rate during the forecast period due to their population's preference for trending mobile solutions. Freight and logistic market of Asia Pacific Region valued at US$ 16.70 Bn in 2022 and it will reach US$ 21.13 Bn by the 2027. The Freight and logistic market of Asia Pacific is expected to grow at a CAGR of 4% through the forecast period.

 

The market in North America is expected to grow rapidly due to the highly integrated supply chain network. In North America, the transportation and logistics market is extremely competitive. Silicon Valley is witnessing the 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 highly integrated supply chain networks of countries such as the United States and Canada are paving the way for the market for transportation aggregators to grow. The market in the Middle East, Africa, and Latin America is in its early stages, and aggregators are expected to gradually expand their presence in these regions.

 

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 global market, key players in the market, particularly in North America and Europe, 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 Global Transportation Aggregators market to the stakeholders in the industry. The report provides trends that are most dominant in the Global 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 Global 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 Global 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 Global 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 Global 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 Global Transportation Aggregators market. The report also analyses if the Global 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 Global Transportation Aggregators market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Transportation Aggregators market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Transportation Aggregators market is aided by legal factors.

 

Transportation Aggregators Market Scope:

 

Transportation Aggregators Market
Market Size in 2023	USD 31.58 Bn.
Market Size in 2030	USD 55.76 Bn.
CAGR (2024-2030)	8.46 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Mode of Transportation Roadways Railways Airways Seaways
	By Type of Vehicle Passenger Logistics Commercial
	By Payment Mode Cash Online Payment Mobile Wallets
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Transportation Aggregators Market Key Players: 

• Uber Technologies (United States)
• ANI Technologies (India)
• Lyft (United States)
• Gett (United Kingdom)
• Shippr (India)
• Grab Holdings (Indonesia)
• Bla Bla (France)
• Fehr?Peers (United States)
• BlackBuck (India)
• RideScout (United States)
• Aritron (India)
• Ola (India)
• Vaahika (India)
• Meru (India)