The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreJan 2018
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With revenue of USD2.9 trillion, Asia Pacific has the world’s largest transportation industry. Road transport, cargo handling, warehousing and air transport are the key categories of transportation in Asia Pacific. Over the forecast period, transportation industry revenue is expected to sustain its growth momentum. Growing consumption, manufacturing and construction industries are expected to benefit providers of passenger and freight transportation services..
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Asia Pacific has the largest transportation industry globally in nominal terms although per capita revenue lags behind North America and Western Europe, indicating future growth potential. Over the period 2016-2025, the transportation industry is forecast to sustain revenue growth, expanding at a CAGR of 5%. Growing domestic incomes and consumption, improving supply chains and expanding manufacturing industries in Asia Pacific are expected to benefit providers of passenger and freight transportation services.
China is the key transportation market in Asia Pacific, accounting for 55% of transportation industry revenue. China is set to remain the key transportation market over the forecast period, due to the rising logistics, road transport and air transport industries. The Chinese transportation industry is forecast a CAGR of 6% over 2016-2025, totalling USD2.7 trillion in the latter year.
Road transportation is the dominant mode of transport in Asia Pacific, with the category being one of the key growth drivers in the coming years. Road transport industry revenue in Asia Pacific is forecast a CAGR of 6% over 2016-2025, totalling USD1.8 trillion in the latter year. Bangladesh, India and the Philippines are forecast to have the fastest growing road transport industries over the forecast period.
India, China and Indonesia have the most fragmented transportation industries and offer most growth opportunities for new entrants. India and Indonesia have fragmented air transport industries, while China is home to the most fragmented water transport industry.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.