Transportation and Distribution
Overview of the global car rental market
Technavio’s market research analyst predicts the global car rental market to grow at a CAGR of around 16% by 2020. Car rental has become one of the most prominent services in the urban transport industry and is expected to witness huge growth during the forecast period owing to the increase in business travelers, rising demand for car-sharing, and the growth of megacities. Technology solution providers and automobile manufacturers are offering several innovative web-based solutions to facilitate the integration of devices such as smartphones with cars. The car rental companies are increasingly adding cars to their fleet that have advanced telematics solutions and navigation functionalities. The market is also witnessing the emergence of online mobility booking agencies and payment engines for hassle-free booking and car hiring. For instance, Audi is planning to offer high-speed wireless data connection in cars to provide access to services such as communication with parking garages to find open spaces with other connected cars. Additionally, the car rental companies are also introducing several innovative services to increase penetration in semi-urban and rural areas, which, in turn, is expected to boost the growth of the car rental market during the forecast period.
North America dominated the car rental market in 2015 and occupied around 39% of the total market revenue. Much of this region’s growth comes from the rise in accessibility and affordability of insurance and the growing popularity of car-sharing services. The increasing number of global tourists visiting Canada has also contributed to the rapid growth of the market. Factors such as an increase in business activities and growing awareness about
Global market outlook of rolling stock
Technavio’s market research analyst predicts the global rolling stock market to grow at a CAGR of more than 3% by 2020. The growing rail supply market is creating huge investment opportunities in the rail infrastructure projects and its aftermarket capabilities. Governments in many developing countries are heavily investing in the rail infrastructure related projects like electrifying of tracks, signaling, and urban transit systems, which has propelled the growth of the rolling stock market. Factors such as enhancements to the existing rail management system, improvement of rail tracks and building new lanes, technological development of rail control and signaling services, and the manufacture of high-speed trains and wagons are expected to increase the demand for rolling stock over the next four years.
Owing to the increasing population and rapid urbanization, several countries are expanding their high-speed rail (HSR) networks. The market in developed nations is expected to witness rapid conversion of rail lines to high-speed train lines in the coming years, which will subsequently lead to the increased demand for traction transformers. Moreover, increased mobility has surged the need for efficient public transport systems, leading to more improvements in the rail transit systems and increase in demand for passenger rail vehicles.
Segmentation by type and analysis of the rolling stock market
- Rapid transit vehicles
- Railroad cars
The rapid transit vehicles segment will continue to dominate the market during the forecast period and is expected to occupy almost 38% of the overall market share. The rapid transit vehicles
Market outlook of the global secure logistics market
Technavio’s research analyst predicts the global secure logistics market to grow at a CAGR of 9% during the forecast period. One of the primary growth drivers is a rise in cash circulation. During 2015, cash demand increased by 5% in Europe and by more than 11% in the BRICS nations. The market is expected to grow at a steady pace in established markets such as Europe and the US. The markets in APAC, MEA, and Latin America are expected to grow at a rapid pace owing to the expansion of banking and financial institutions and also because of the threat to security in these regions.
The growing affinity toward outsourcing is also expected to fuel the demand for secure logistics between 2016 and 2020. The major factor contributing to the total outsourcing of cash management and security is the rise in the number of ATMs across the world, which is projected to be around 42% by the end of 2019.
Segmentation by service type and analysis of the global secure logistics market
- Cash services
- Security services
The security services segment accounted for more than 50% of the market share during 2015 and is expected to retain its market dominance until the end of 2020. Security services include manned guarding of important locations such as airports, embassies, and public premises. The growing geopolitical tensions, terrorism, and organized crimes will lead to more stringent monitoring of high-risk locations. Both electronic and manned guarding will be in huge demand during the forecast period and will drive the growth of the market.
Segmentation by geography and analysis of the global secure logistics market
- Latin America
Overview of the global intelligent transport system market
The intelligent transport system (ITS) is an application which is designed to provide customized solutions on issues related to transportation and traffic related issues. Some of the issues addressed by the system are optimizing quality and reducing costs of implementing traffic management systems. There are several solutions available to governments and city authorities to ease and smoothen traffic in multiple areas such as freight, commercial, and toll roads. Such a system can be deployed to help prevent accidents, vehicle location detection, easing congestion and also monitoring vehicle emissions. Technavio’s market research analyst predicts the global ITS market to grow at a moderate CAGR of just over 8% during the forecast period.
With more people migrating to urban areas, intelligent transport systems are a must along with more infrastructure like roads, highways, and public transport options. Governments around the world are trying to find ways to reduce not only traffic snarls but also accident rates. Congestion also leads to higher emissions and implementing systems which have proper signal timing can help with streamlined traffic. One more way to reduce congestion to set a road use charge which can be collected electronically.
Product based segmentation and analysis of the intelligent transport system market
- Network management
- Freight and commercial ITS
- Public transport its
- Security and crime reduction ITS
- Automotive and infotainment telematics
- Road safety systems
- ITS communications
The network management segment accounted for a market share of around 42% during 2015 and is expected to retain
Outlook of the global refrigerated transportation market
Technavio’s market research analyst predicts that the global refrigerated transportation market will grow at an impressive CAGR of close to 7% during the forecast period. This industry report covers the present scenario and the primary drivers influencing growth prospects of this market. The growing demand for convenience food is impelling the demand for frozen food globally. Frozen foods require an efficient cold storage system to ensure that the chemical composition of the food items remains unchanged even after several months. This need for an effective cooling system has led to the refrigerated transport service providers to improve their supply chain efficiency and technology used in cold storage facilities to deliver high-quality foods. Therefore, technological advancements like cryogenics and growing demand for frozen foods are contributing to the high demand for refrigerated transport systems. Thus, growth in the frozen foods segment will positively affect the market for refrigerated transportation until the end of 2020.
Factors like the increased provision of end-to-end integrated services will bolster the growth of this market during the forecast period. Numerous transport service providers offer end-to-end cold chain management services including inventory management, order scheduling, warehousing, and delivery management to their customers. Such vendors also provide disaster recovery services that allow the customers to track consignments and communicate with the entire supply chain efficiently. This recent increase in end-to-end integrated services is expected to propel the global refrigerated transportation market during the forecast period.
Segmentation by product and analysis of the refrigerated transportation market
Outlook of the express delivery market in Brazil
Technavio’s market research analyst predicts the express delivery market in Brazil to grow moderately at a CAGR of more than 3% until 2020. The developing landscape of the e-commerce industry in Brazil will bolster the demand for express delivery services in this region. With the increase in e-commerce trade and rapid economic growth in the country, the revenue generated from domestic shipments and B2C e-commerce trade will witness a significant increase. This increase in the revenue will spur the prospects for growth in this market during the forecast period.
The recent rise in international cross-border trade will fuel the opportunities for market growth during the estimated period. Recently, it has been observed that the express delivery market in Brazil has witnessed an increase in international trade, which includes the exchange of business letters and documents. This increase in international trade has compelled vendors to expand their geographical presence to cater to the needs of their customers. The expansion of the vendors’ geographical presence will lead to the steady growth of the express delivery market in Brazil during the forecast period.
Customer-based segmentation of the express delivery market in Brazil
This market analysis identifies the business-to-consumer (B2C) segment to witness the highest market growth rate during the forecast period. Factors such as growing e-commerce activities in this region will propel the demand for express delivery services in the B2C segment during the forecast period.
Segmentation by service type and analysis of the express delivery market in Brazil
- Same day
Technavio’s market research into the transportation and distribution industry incorporates multiple segments, including air and express delivery services, freight rail services, maritime services, seaports, terminals, and labor involved in the movement of cargo and passengers by water, pipeline services, trucking and taxi services, and barge services.
This sector is increasingly making use of advanced information systems and strategies such as intermodal containers.
Technavio’s transportation and distribution portfolio includes market reports on TMS, contract logistics, freight forwarding, refrigerated transportation, and intermodal transportation.