Transport Market Report 2026

The transport market size has grown strongly in recent years. It will grow from $6.72 trillion in 2025 to $7.14 trillion in 2026 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to expansion of global trade and logistics, growth of automotive and rail manufacturing, increasing urbanization, rising demand for transport services, investments in transport infrastructure.

The transport market size is expected to see strong growth in the next few years. It will grow to $9.44 trillion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing focus on sustainable mobility, rising adoption of connected transport systems, expansion of electric vehicle production, growing investments in smart transport infrastructure, increasing integration of digital transport platforms. Major trends in the forecast period include increasing adoption of electric and hybrid transport equipment, rising integration of smart mobility solutions, growing demand for multimodal transport systems, expansion of autonomous transport technologies, enhanced focus on transport efficiency and safety.

The rising international trade is expected to drive the growth of the transport market going forward. International trade involves the exchange of goods and services across borders whenever products or services are required or demanded. Transport plays a critical role in international trade, as most goods and services are moved between countries via freight-carrying vessels such as barges. For instance, in April 2023, according to the World Trade Organization, a Switzerland-based intergovernmental organization, global merchandise trade volume was projected to grow by 1.7% in 2023 and accelerate to 3.2% in 2024. Therefore, the growth in international trade is driving the transport market.

Major companies operating in the transport market are adopting innovative technologies, such as AI-driven logistics solutions, to maintain a competitive edge. AI-driven logistics solutions leverage artificial intelligence to optimize logistics and supply chain management processes. For instance, in March 2023, Alibaba Cloud, a Singapore-based cloud computing provider, launched EasyDispatch, an AI-driven logistics platform. The solution offers AI-powered real-time service dispatch, enhancing supply chain efficiency while reducing logistics costs. It features high-accuracy address processing and field service dispatch capabilities, providing stable, high-performance, and fast access from any location.

In April 2025, DSV A/S, a Denmark-based provider of transport, freight forwarding, warehousing, and end-to-end logistics services, acquired Schenker for approximately USD 15.4 billion. This acquisition enables DSV to expand its global network, strengthen end-to-end logistics capabilities, and enhance long-term scale efficiency across major transport segments. Schenker is a Germany-based provider of international freight forwarding, contract logistics, and integrated supply-chain solutions serving industrial and commercial customers worldwide.

Major companies operating in the transport market report include Toyota Motor Corp, Volkswagen AG, Daimler AG, Ford Motor Co, General Motors Co, SAIC Motor Co. Ltd., Fiat Chrysler Automobiles NV, Peugeot, EXOR Group, Siemens Mobility, Alstom SA, Union Pacific Corporation, Canadian National Railway, BNSF Railway, Delta Air Lines, American Airlines Group, United Airlines Holdings, Atlas Air Worldwide Holdings, Matson Inc., Crowley Maritime Corporation, Hyundai Motor Company, Honda Motor Co. Ltd., Boeing Company, Airbus SE, Bombardier Inc.

Western Europe was the largest region in the transport market in 2025. Asia-Pacific was the second largest region in the inland water transport market. The regions covered in the transport market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the transport market report include China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The transport consists of sales of motor vehicle body, stamped metal & other parts, motor vehicle engine, power train & parts, motor vehicle electrical & electronic equipment, steering suspension, & interiors, motorcycle and bicycle, passenger car, commercial vehicle, locomotives, wagons, & other rolling stock, parts & accessories for railway vehicles, dry vans, refrigerated trailers, tank trailers, flatbed trailers, lowboy trailers, self-contained motor homes assembling, van and minivan conversions, travel trailer, camper, shipbuilding and repairing, boat building and repairing and other transport. The market includes only the sales of manufactured transport equipment not transport services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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