What is Travel Transportation Market Scope?
Travel is defined as the movement of people between distant geographical locations and done by various mode of transportation such as railway, bus, boat, among others. Various benefits of traveling among people such as improves social and communication skills, ensure peace of mind, enhances your tolerance for uncertainty, creates memories for a lifetime, among others. In the last few years, there is an increase in the travel & tourism industry. For instance, according to a data obtained by the World Travel and Tourism Council, the global industry has grown from USD 6.03 trillion in 2006 and reached more than USD 8.27 trillion by 2017, which is growing at CAGR of 2.9%. In addition, there is also an increase in international traveler passenger across the world. For instance, as per an article published by World Bank, the number of international travel departures increased from 633.4 million in 1995 to 1.57 billion in 2017 increasing at a CAGR of 4.2% from 1995 till 2017. Hence, the rising number of travel & tourism industry across the world and an increase in globalization of businesses are likely to be a major driver for the global travel transportation market over the forecast period.
The Travel Transportation market study is being classified, by Application (Leisure spending and Business spending) and major geographies with country level break-up.
The market appears to be highly fragmented and with the presence of several companies including Botswana Railways (Botswana), Caminhos de Ferro de Mocambique (Mozambique), TransNamib Limited (Namibia), among others Research Analyst at AMA predicts that Manufacturers from South Africa will contribute to the maximum growth of Global Travel Transportation market throughout the predicted period.
Botswana Railways (Botswana), Caminhos de Ferro de Mocambique (Mozambique), TransNamib Limited (Namibia), Swaziland Railway (South Africa), Tanzania-Zambia Railway Authority (Tanzania), Zambia Railways Limited (Zambia), National Railways of Zimbabwe (Zimbabwe), Central East African Railway (Malawi), Beitbridge Bulawayo Railway (South Africa) and Metrorail (South Africa) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Spoornet(South-Africa), América Latina Logística (Brazil), CCR S.A. (Brazil) and EBX Group (Brazil).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Travel Transportation market by Type, Application and Region.
On the basis of geography, the market of Travel Transportation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In August 2018, the Botswana Railways (Botswana) company has launched three five-car DMUs, which have a maximum design speed of 110km/h for operation at 100km/h. Hence, this launched will affect the growth of the market in the future.
Influencing Market Trend
- Rising Number of Online Travel Agencies (OTA) Operating in Various Region Such as India
Market Drivers
- Rise in Travel & Tourism across the World, Upsurge in Disposable Income and Rise in Middle-Class Segment,
- An upsurge in Infrastructural Investments By Regional Governments And Rapid Growth In Travel Retail
Opportunities
- Government’s initiative to Spending in Infrastructural Development, which is Suitable for Tourism
- Growing Demand from the Emerging Market such as China, India, Brazil, among others
Restraints
- Issue related to Outdated Tourism Infrastructures in Many Locations and Government Taxation to Travel and Tourism Industry
- Stringent Regulatory Frameworks Regarding Sales on Airports may act as restrain for Market
Challenges
- Major Concern regarding the Establishment of Better Security Infrastructure for Tourists and Travelers
- Major Problem regarding the Extreme Weather Events Damaging the Destinations
Key Target Audience
Travel Transportation Companies, Research Institutions, Government bodies, Distributors and End users
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research & Media features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.