Oversized Cargo Transportation Global Market Report 2024

The oversized cargo transportation market size has grown steadily in recent years. It will grow from $199.07 billion in 2023 to $208.58 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The expansion observed in the historical period can be attributed to the growth of emerging markets, the burgeoning construction industry, advancements 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 steady growth in the next few years. It will grow to $251.58 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The anticipated growth in the forecast period can be attributed to factors such as global population growth and urbanization, the expanding automotive industry, the increasing volume of international trade, and rising demand for raw materials from manufacturing industries. Key trends expected in this period include the expansion of heavy cargo transport stations, a focus on launching new cargo centers to enhance transportation services, a rise in strategic mergers and acquisitions by market players, the implementation of precision scheduled railroading to increase the efficiency of rail networks, the use of artificial intelligence (AI) for real-time analytics and integration in cargo transportation vehicles, and the integration of IoT (Internet of Things) in transportation vehicles and fleet management software to improve overall efficiencies.

The anticipated expansion of the construction industry is poised to drive the oversized cargo transportation market in the coming years. The construction industry, encompassing activities related to building, renovating, and maintaining infrastructure, relies on oversized cargo transportation for the movement of construction equipment and pre-built containers. Notably, the global construction industry experienced a 6.6% growth in 2021, according to Oxford Economics. Furthermore, a forecast suggests a substantial 35% growth in the global construction sector by 2030. This trajectory underscores the pivotal role of the construction industry in propelling the oversized cargo transportation market.

The robust growth of the automotive industry is expected to contribute significantly to the expansion of the oversized cargo transportation market. With numerous organizations involved in the design, development, and manufacture of motor vehicles, the automotive sector generates demand for oversized cargo transportation to handle large and heavy components or vehicles. In 2022, global motor vehicle production reached 85.4 million units, marking a 5.7% increase over the previous year, as reported by the European Automobile Manufacturers' Association (ACEA). The International Organization of Motor Vehicle Manufacturers further highlighted a rise in total production from 80,145,988 in 2021 to 85,016,728 in 2022. This growth in the automotive industry is a key driver for 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. Møller-Mærsk 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 August 2021, DSV Panalpina A/S, a Denmark-based provider of logistics and transport solutions, completed the acquisition of the Global Integrated Logistics (GIL) business from Agility, a Kuwait-based supply chain services firm, for $432.13 million. This acquisition solidified DSV's global position, making it the third-largest player in global transport and logistics.

Major companies operating in the oversized cargo transportation market report are Kintetsu World Express, Inc., A.P. Møller – Mærsk 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, Bayus Bali Cargo, CJ Logistics, Allcargo Logistics Ltd., Swanson Transport Ltd., ULSI Logistics Services, DMA Cargo Srl, Pastrello Autotrasporti S.r.l, DHL Supply Chain & Global Forwarding, DB Schenker, Sarens, Barrington Freight Ltd., Europages, Acirfa Shipping International S.L, Agora Freight, New Wave International Cargo Sp. z o.o. Sp, Komandytowa, 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 2023. 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 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 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 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.


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