PUBLISHER: The Business Research Company | PRODUCT CODE: 1672548
PUBLISHER: The Business Research Company | PRODUCT CODE: 1672548
Oversized cargo transportation pertains to the movement of cargo that exceeds the dimensions and weight limits of standard containers, preventing it from being transported through conventional means. This method is employed for the transportation of heavy and oversized freight.
The primary modes of oversized cargo transportation include road transportation, rail transportation, sea transportation, and air transportation. Road transport involves the movement of goods and passengers between locations using roadways, with the delivery of goods influenced by the volume of traffic on roads. This mode is particularly utilized for transporting cargo weighing more than 20 tons and finds application in various end-users, including agriculture machinery, construction machinery, military machinery, one-piece structures and installations, industrial equipment, aircraft and watercraft, among others.
The oversized cargo transportation market research report is one of a series of new reports from The Business Research Company that provides oversized cargo transportation market statistics, including oversized cargo transportation industry global market size, regional shares, competitors with an oversized cargo transportation market share, detailed oversized cargo transportation market segments, market trends and opportunities, and any further data you may need to thrive in the oversized cargo transportation industry. This oversized cargo transportation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The oversized cargo transportation market size has grown steadily in recent years. It will grow from $204.81 billion in 2024 to $213.62 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to emerging markets growth, the growing construction industry, growth in the renewable energy sector, increasing government support, and the growth of air cargo transportation.
The oversized cargo transportation market size is expected to see strong growth in the next few years. It will grow to $264.45 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to global population growth and urbanization, the growing automotive industry, the rising international trade, and the rising demand for raw materials from the manufacturing industries. Major trends in the forecast period include the expansion of heavy cargo transport stations, focus on the launch of new cargo centers to strengthen transportation services, rise in strategic mergers and acquisitions by market players, precision scheduled railroading to increase the efficiency of the rail network, use of artificial intelligence (AI) to provide real-time analytics and integration in cargo vehicles, IoT (Internet of things) in vehicles and fleet management software to improve efficiencies.
The expansion of the construction industry is anticipated to significantly boost the oversized cargo transportation market in the future. The construction industry encompasses the manufacturing and trade sectors involved in building, repairing, renovating, and maintaining infrastructure. Oversized cargo transportation is essential for moving building equipment and pre-constructed containers, meaning that growth in the construction sector will directly enhance market demand. For instance, in February 2024, the South Korean government announced plans to invest 2.7 trillion won ($2 billion) in construction during the first half of the year, marking a 20% increase from 2023. Additionally, according to Invest India, the National Investment Promotion and Facilitation Agency, the Indian construction industry is projected to reach a value of $1.4 trillion by 2025. Therefore, the ongoing expansion of the construction industry is a key driver of growth in the oversized cargo transportation market.
The expanding automotive industry is anticipated to boost the oversized cargo transportation market in the coming years. This sector includes various organizations and companies involved in the design, development, manufacturing, marketing, sale, and maintenance of motor vehicles. The automotive industry plays a significant role in facilitating oversized cargo transportation, especially in shipping large and heavy components or vehicles. For example, according to *Mexico Now*, a leading international business magazine based in Mexico, car production in Mexico increased by 13.54% year-on-year during the first three quarters of 2023. Furthermore, as reported by *Autovista24*, a prominent source of automotive analysis, videos, and podcasts for decision-makers in Europe, Germany recorded 177,771 diesel registrations in the first four months of 2024, marking a 9.5% increase. Thus, the growth of the automotive sector is driving the expansion of the oversized cargo transportation market.
Major players in the oversized cargo transportation market are strategically leveraging artificial intelligence (AI) to enhance their operations. AI is utilized for accurate analysis, real-time transport operations, transportation planning, and predictive operations. An example of this is CJ Logistics, a South Korean logistics company, which introduced The Unban, a freight transportation platform integrating artificial intelligence and big data technology. The platform facilitates direct connections between senders and freight trucks, allowing for efficient bid selection based on various parameters.
Mergers and acquisitions have become a focal point for companies operating in the oversized cargo transportation market, aiming to enhance financial strength and service capabilities. Ascent Global Logistics, a US-based provider of supply chain and transportation services, acquired Central Minnesota Logistics Inc. in April 2022 for $5.5 billion. This strategic move is expected to bolster Minnesota's heavy-haul brokerage market through increased investment, improved logistics, and enhanced positioning. In January 2023, A.P. Moller-Maersk A/S, a Denmark-based shipping and logistics company, acquired Martin Bencher Group, a Danish freight forwarder specializing in oversized cargo. The acquisition is part of Maersk's strategy to enhance its project logistics capabilities, particularly in handling large and complex cargo.
In September 2024, DP World, a logistics company based in the UAE, acquired Cargo Services Far East Ltd for an undisclosed sum. This acquisition is intended to strengthen DP World's capabilities in retail and fashion logistics while also expanding its airfreight operations. Cargo Services Far East Ltd is a logistics solutions provider located in China.
Major companies operating in the oversized cargo transportation market include Kintetsu World Express, Inc, A.P. Moller - Maersk A/S, Deutsche Bahn AG, DSV A/S, Landstar System, Inc, Daseke Inc., Mammoet North America, Orient Overseas Container Line Limited, Barnhart Crane & Rigging, Lynden Incorporated, Equity Logistics Australia, CJ Logistics, Allcargo Logistics Ltd, Swanson Transport Ltd, DMA Cargo Srl, Pastrello Autotrasporti S.r.l, DHL Supply Chain & Global Forwarding, DB Schenker, Sarens, Barrington Freight Ltd, Acirfa Shipping International S.L, Agora Freight, New Wave International Cargo Sp. z o.o. Sp, PANAS TRANSPORT, Black Sea Crown Logistic SRL, Watco Companies LLC, Omni Logistics, Ameritrans Freight International, Expeditors International, Sea Cargo Logistics, Schumacher Cargo Logistics, Crowley Maritime Corporation, Amerijet International Inc., Global Shipping Services LLC, Mullen Group Ltd, Latin American Cargo (LAC), Almajdouie Logistics, Jenae Logistics, Platinum Shipping & Logistics, Prime Shipping Agency LLC, Willem Steenkamp Transport, Spedag Interfreight, Tristar Transport
North America was the largest region in the oversized cargo transportation market in 2024. The regions covered in the oversized cargo transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the oversized cargo transportation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The oversized cargo transportation market includes revenues earned by entities by providing services such as break bulk, neo bulk, and containerized shipping through roadways and waterways. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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.
Oversized Cargo Transportation Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on oversized cargo transportation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for oversized cargo transportation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The oversized cargo transportation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.