TOP 25 Transportation SubIndustry Q3/2023

Intro

Did you know that the transportation industry is responsible for moving over 70% of the world's goods?

Welcome to the dynamic and ever-evolving world of transportation, a sector that is not only vital for global trade but also at the forefront of technological innovation and economic growth.

As we navigate the 21st century, the transportation industry finds itself undergoing significant transformations, driven by emerging trends and disruptive technologies. From the rise of electric vehicles to the advent of autonomous transportation, the landscape is rapidly evolving.

In this article, we'll explore the key aspects of the transportation industry, shedding light on the latest technological advancements, market dynamics, and regulatory challenges that shape its future.

Our analysis reveals that the transportation industry is poised for unprecedented growth, driven by increasing consumer demands, globalization, and the need for sustainable transportation solutions. However, to sustain this trajectory, the industry must address challenges related to sustainability and workforce management.

Ranking

#25 Air Delivery & Freight Services

Air Delivery & Freight Services

Employees: 1.5M

Revenue: 1.2T$

Description: The Air Delivery & Freight Services industry encompasses companies involved in the transportation and delivery of goods via air. Key players in this industry include global logistics and delivery giants such as FedEx, UPS, and DHL, as well as major airlines like Delta Air Lines and United Airlines. The industry is prominently active worldwide, with major hubs located in key cities such as Memphis, Tennessee (FedEx's hub), and Louisville, Kentucky (UPS's hub). Air Delivery & Freight Services became significant in the mid-20th century with the rise of air transportation and has since experienced major changes driven by technological advancements, increasing globalization, and the growing demand for e-commerce. This industry is noteworthy for future opportunities due to the continuous growth of international trade, the expanding e-commerce market, and the need for efficient and speedy delivery services in a globalized world.

#24 Building Products

Building Products

Employees: 2.3M

Revenue: 1.2T$

Description: The Building Products industry, within the broader Transportation sector, encompasses companies involved in the manufacturing and distribution of materials and products used in construction and infrastructure projects. Key players in this industry include major manufacturers and suppliers of construction materials such as cement, steel, lumber, and roofing products. The audience for building products includes contractors, architects, builders, and developers who rely on these materials for their projects. This industry is prominently active in regions with robust construction activity, such as North America, Asia-Pacific, and Europe. The Building Products industry has experienced significant growth and major changes over the years, driven by factors such as urbanization, population growth, and infrastructure development. It is a noteworthy sector for future opportunities due to the increasing demand for sustainable and energy-efficient building materials, as well as the potential for innovation in areas such as modular construction, smart buildings, and green technologies.

#23 Residential Construction

Residential Construction

Employees: 1.6M

Revenue: 1.2T$

Description: The Residential Construction industry is a vital sector within the broader Transportation industry. It encompasses the construction of residential buildings, including single-family homes, apartment complexes, and condominiums. Key players in this industry include homebuilders, general contractors, architects, and real estate developers. The primary audience for this industry includes individuals and families in need of housing, as well as investors looking for opportunities in real estate. The Residential Construction industry is prominently active in urban and suburban areas, where housing demand is high. It has experienced major changes over the years, particularly during economic booms and downturns. The industry became significant in the post-World War II era when suburbanization and the baby boom led to a surge in housing construction. It continues to be a noteworthy sector for future opportunities due to factors such as population growth, urbanization, and the increasing need for sustainable and affordable housing solutions.

#22 Marine Shipping

Marine Shipping

Employees: 2M

Revenue: 1.2T$

Description: The Marine Shipping industry is a vital component of the global transportation sector. It encompasses companies involved in the transportation of goods and commodities by sea, including shipping lines, container carriers, and bulk carriers. Key players in this industry include major shipping companies such as Maersk, Mediterranean Shipping Company (MSC), and CMA CGM Group. These companies operate fleets of container ships and provide logistics services to facilitate global trade. With a presence in major ports worldwide, the Marine Shipping industry is prominently active in regions like Asia-Pacific, Europe, and North America. This industry has experienced significant changes over time, with major milestones including the introduction of containerization in the 1950s and the development of mega-ships capable of carrying thousands of containers. The Marine Shipping industry presents noteworthy opportunities for the future, as global trade continues to grow and demand for efficient transportation solutions remains high.

#21 Marine Ports & Services

Marine Ports & Services

Employees: 3.5M

Revenue: 1.2T$

Description: Marine Ports & Services is a vital sector within the transportation industry that encompasses the management and operation of ports and related services. Key players in this industry include major port operators, shipping companies, logistics providers, and marine service providers. The primary audience for this industry includes importers, exporters, manufacturers, and consumers who rely on efficient and reliable port services for the transportation of goods and commodities. Marine Ports & Services are prominently active in coastal regions, major waterways, and strategic locations around the world, facilitating global trade and connecting economies. This sector experienced significant growth and transformation over the years, with major advancements in containerization, automation, and digital technologies. With the increasing globalization and trade volumes, the Marine Ports & Services sector presents noteworthy opportunities for future growth and innovation, driving economic development and fostering international trade relations.

#20 Auto Parts

Auto Parts

Employees: 1.6M

Revenue: 1.5T$

Description: The Auto Parts industry is a vital sector within the Transportation industry. It encompasses a wide range of businesses involved in the production, distribution, and retail of automotive components and accessories. Key players in this industry include major manufacturers such as Bosch, Denso, and Continental, as well as leading retailers like AutoZone and Advance Auto Parts. The industry has a global presence, with prominent activity in regions such as North America, Europe, and Asia. The Auto Parts industry has experienced significant growth and transformation over the years, with major changes driven by advancements in technology, increasing demand for electric and autonomous vehicles, and evolving consumer preferences. This sector presents noteworthy opportunities for future growth, driven by the ongoing expansion of the automotive market, the need for replacement parts, and the emergence of new technologies in the transportation sector.

#19 Automotive Manufacturers

Automotive Manufacturers

Employees: 10M

Revenue: 1.5T$

Description: The Automotive Manufacturers industry is a global sector that designs, manufactures, and sells motor vehicles. Key players in this industry include leading companies such as General Motors, Toyota, Volkswagen, Ford, and Honda. These companies employ millions of workers worldwide and generate trillions of dollars in revenue annually. The industry is prominent in countries like the United States, Germany, Japan, China, and South Korea, where major automotive manufacturing hubs are located. The Automotive Manufacturers industry became significant in the early 20th century with the advent of mass production techniques and the popularization of automobiles. Since then, it has experienced major changes with advancements in technology, electric vehicle development, and the rise of autonomous driving. This sector is noteworthy for future opportunities due to the increasing demand for electric and autonomous vehicles, the growth of emerging markets, and the ongoing innovation and collaboration within the industry.

#18 Engineering & Construction

Engineering & Construction

Employees: 2.5M

Revenue: 1.8T$

Description: The Engineering & Construction industry, within the Transportation sector, is a vital sector that encompasses the design, development, and construction of infrastructure projects such as highways, railways, bridges, airports, and buildings. This industry plays a crucial role in shaping the modern world by creating essential structures for transportation, commerce, and daily life. Key players in this industry include major engineering and construction firms, architectural companies, and government agencies responsible for infrastructure development. Prominent audiences of this sector include private investors, government bodies, transportation authorities, and the general public. The Engineering & Construction industry is actively involved globally, with notable activities in regions like North America, Europe, Asia-Pacific, and the Middle East. This sector has experienced significant growth and transformation over the years, with major advancements in construction techniques, materials, and sustainability practices. The industry has seen a surge in demand due to population growth, urbanization, and the need for modernizing existing infrastructure. With an ever-increasing focus on sustainability and smart infrastructure, the Engineering & Construction industry presents noteworthy opportunities for innovation, technological advancements, and global economic development in the future.

#17 Aerospace & Defense

Aerospace & Defense

Employees: 2.5M

Revenue: 1.8T$

Description: The Aerospace & Defense industry encompasses companies involved in the design, development, manufacturing, and maintenance of aircraft, spacecraft, weapons, and defense systems. Key players in this sector include global giants like Boeing, Lockheed Martin, Airbus, Northrop Grumman, and Raytheon. The industry caters to a wide range of audiences including government defense agencies, commercial airlines, private space exploration companies, and military organizations. Prominently active in countries like the United States, Russia, China, and European nations, the Aerospace & Defense industry has experienced significant growth and major changes over the years. It became particularly significant during World War II when the demand for military aircraft and defense systems surged. Today, the industry remains a noteworthy sector for future opportunities due to increased global security concerns, technological advancements, and the growing demand for commercial air travel and space exploration.

#16 Shipping Containers

Shipping Containers

Employees: 1.5M

Revenue: 3.2T$

Description: Shipping Containers is a crucial subsector of the Transportation industry, specializing in the manufacturing, leasing, and transportation of standardized containers used for the shipment of goods. The key players in this industry include major container manufacturers like China International Marine Containers (CIMC), Singamas Container Holdings, and Maersk Container Industry. Other significant players are shipping lines such as Maersk Line, Mediterranean Shipping Company, and CMA CGM Group. With its global reach and impact, the Shipping Containers industry is prominently active in major ports and trade hubs worldwide, including Shanghai, Singapore, Rotterdam, and Los Angeles. The industry experienced significant growth and major changes in the 1950s when the standardized container system was introduced, revolutionizing global trade and logistics. As international trade continues to thrive and e-commerce expands, the Shipping Containers industry remains a noteworthy sector for future opportunities, offering immense potential for innovation, efficiency improvements, and sustainable practices.

#15 Transportation Infrastructure

Transportation Infrastructure

Employees: 10.5M

Revenue: 3.8T$

Description: The Transportation Infrastructure industry encompasses the construction, maintenance, and operation of transportation systems and networks, including roads, bridges, railways, airports, and ports. Key players in this industry include construction companies, engineering firms, transportation authorities, and government agencies. The industry is prominently active and relevant worldwide, with infrastructure projects taking place in both developed and developing countries. Transportation Infrastructure became significant during the Industrial Revolution in the 18th century when the construction of canals and railways revolutionized transportation. Since then, the industry has experienced major changes such as the development of modern highways, high-speed rail networks, and the integration of smart technologies. This sector is noteworthy for future opportunities due to the increasing global demand for efficient and sustainable transportation systems, urbanization, and the need for infrastructure upgrades and expansion to support economic growth.

#14 Heavy Construction

Heavy Construction

Employees: 1.5M

Revenue: 4.2T$

Description: Heavy Construction is a prominent sector within the Transportation industry. It involves the development and construction of large-scale infrastructure projects such as highways, bridges, airports, and tunnels. The key players in this industry include major construction companies like Bechtel Corporation, China Communications Construction Company, and Vinci SA. The primary audience for this sector includes government agencies, private developers, and transportation authorities. Heavy Construction is prominently active in various regions globally, with significant projects taking place in North America, Europe, Asia, and the Middle East. This industry has experienced major changes and significant growth in recent decades due to urbanization, population growth, and the need to modernize existing infrastructure. It is a noteworthy sector for future opportunities due to the increasing demand for infrastructure development, particularly in emerging economies, as well as the potential for large-scale public-private partnerships and investments in sustainable infrastructure.

#13 Air Freight & Logistics

Air Freight & Logistics

Employees: 2.3M

Revenue: 5.8T$

Description: The Air Freight & Logistics industry is a vital sector within the Transportation industry. It encompasses companies involved in the transportation, distribution, and logistics of goods and cargo through air transportation. Key players in this industry include global freight forwarding companies, airlines, air cargo carriers, and logistics providers. The industry is prominently active worldwide, with major hubs and airports in cities like Hong Kong, Memphis, Dubai, and Frankfurt. Air Freight & Logistics became significant in the mid-20th century, with the advent of commercial air travel and the growing need for speedy transportation of goods across long distances. Today, it continues to experience major changes due to advancements in technology, such as automation, digitalization, and the use of drones. This industry is noteworthy for future opportunities due to the increasing globalization of trade, e-commerce growth, and the need for efficient supply chain management. It plays a crucial role in enabling global trade and facilitating the movement of goods across borders, making it an essential sector for economic development and international commerce.

#12 Motorcycle Manufacturers

Motorcycle Manufacturers

Employees: 100K

Revenue: 20B$

Description: The Motorcycle Manufacturers industry is a prominent sector within the Transportation industry. It includes companies that design, produce, and sell motorcycles and related accessories. Key players in this industry include companies like Honda, Yamaha, Harley-Davidson, BMW, and Kawasaki. The primary audience for these motorcycles are motorcycle enthusiasts and riders who seek high-performance, innovative designs, and reliable transportation. The industry is prominently active in regions like Asia, particularly in countries like Japan, India, and China, where motorcycles are widely used as a mode of transportation. The Motorcycle Manufacturers industry became significant in the early 20th century when motorcycles gained popularity as a practical and affordable means of transportation. It has since experienced major changes in terms of technological advancements, environmental concerns, and shifting consumer preferences. This industry is noteworthy for future opportunities due to the growing demand for electric motorcycles, increasing focus on sustainability, and the potential for market expansion in emerging economies.

#11 Railcar & Locomotive

Railcar & Locomotive

Employees: 250K

Revenue: 45B$

Description: The Railcar & Locomotive industry is a vital sector within the Transportation industry, responsible for the manufacturing and maintenance of railcars and locomotives. Key players in this industry include companies such as General Electric (GE), Siemens, Bombardier, and Alstom. The primary audience for these companies includes railway operators, government transportation agencies, and freight companies. This industry is prominently active in regions with well-developed railway networks, such as North America, Europe, and Asia. The Railcar & Locomotive industry became significant during the industrial revolution in the 19th century when railways became a major mode of transportation. In recent years, this sector has experienced major changes with the introduction of advanced technologies like electric and autonomous locomotives. The Railcar & Locomotive industry is noteworthy for future opportunities due to the increasing demand for sustainable transportation solutions and the potential for growth in emerging markets.

#10 Car Rental & Leasing

Car Rental & Leasing

Employees: 1.2M

Revenue: 50B$

Description: The Car Rental & Leasing industry is a vital sector within the broader Transportation industry. It encompasses companies that provide short-term and long-term vehicle rentals and leases to individuals, businesses, and government entities. Key players in this industry include major rental car companies like Avis Budget Group, Enterprise Holdings, and Hertz Global Holdings, as well as leasing companies such as LeasePlan and ALD Automotive. The industry is prominently active in various countries worldwide, with significant presence in the United States, Europe, and Asia. Car rental and leasing companies have experienced major changes over the years, including the rise of online platforms and the introduction of innovative mobility solutions. This sector is noteworthy for future opportunities due to the growing demand for flexible transportation options, the emergence of electric and autonomous vehicles, and the increasing focus on sustainability and shared mobility.

#9 Public Transportation

Public Transportation

Employees: 1.2M

Revenue: 100B$

Description: The Public Transportation industry encompasses various modes of transportation that are available for use by the general public, such as buses, trains, trams, and ferries. Key players in this industry include transportation authorities, government agencies, and private companies that operate and manage public transportation systems. The primary audience for public transportation services are commuters and travelers who rely on these modes of transportation for their daily commutes or to reach their destinations. Public transportation is prominently active in urban areas and major cities around the world, where it provides a convenient and cost-effective alternative to private vehicles. The industry has experienced significant growth and major changes over the years, particularly with the introduction of modern technologies, such as contactless payment systems, real-time tracking, and electric-powered vehicles. Public transportation is a noteworthy sector for future opportunities due to the increasing focus on sustainable transportation solutions, growing urbanization, and the need for efficient mobility options in congested cities.

#8 Couriers & Messengers

Couriers & Messengers

Employees: 1.5M

Revenue: 120B$

Description: Couriers & Messengers is a vital sector within the Transportation industry. It primarily involves the transportation and delivery of packages, documents, and other items on behalf of individuals, businesses, and organizations. Key players in this industry include major courier and delivery companies such as UPS, FedEx, DHL, and Amazon Logistics. These companies employ a massive workforce of approximately 1.5 million employees globally. Couriers & Messengers operate on a global scale, with prominent activity in urban and suburban areas across the world. The industry has experienced significant growth and changes in recent years due to the rise of e-commerce and the increasing demand for efficient and timely deliveries. This sector is noteworthy for future opportunities due to the ongoing expansion of online shopping, the need for last-mile delivery solutions, and the potential for technological advancements such as drone deliveries and autonomous vehicles.

#7 Taxi Service

Taxi Service

Employees: 2.5M

Revenue: 150B$

Description: The Taxi Service industry provides transportation services to individuals and groups using taxis or ride-hailing platforms. Key players in this industry include traditional taxi companies, such as Yellow Cab and Checker Cab, as well as ride-hailing services like Uber, Lyft, and Didi Chuxing. The primary audience for taxi services is the general public, including commuters, tourists, and individuals in need of transportation. The industry is prominently active in urban areas around the world, with major markets in cities like New York, London, Tokyo, and Beijing. The Taxi Service industry experienced major changes with the advent of ride-hailing platforms, which disrupted the traditional taxi model and introduced new business models and technologies. This sector is noteworthy for future opportunities due to the ongoing innovation and expansion of ride-hailing platforms, as well as the potential for autonomous vehicles to revolutionize the taxi industry.

#6 Commercial Printing

Commercial Printing

Employees: 1.2M

Revenue: 180B$

Description: The Commercial Printing industry is a vital sector within the Transportation industry, encompassing companies that specialize in the printing and production of various commercial materials. This includes items such as brochures, catalogs, magazines, newspapers, packaging, and promotional materials. Key players in this industry include large printing and publishing companies, as well as smaller local printing shops. The primary audience for commercial printing services consists of businesses across various sectors, including retail, advertising, publishing, and manufacturing. The industry is prominently active worldwide, with significant operations in North America, Europe, and Asia. Commercial printing became significant during the early 20th century with advancements in printing technology, and it continues to evolve with the digital age. As businesses continue to rely on printed materials for marketing and communication, the commercial printing industry remains a noteworthy sector for future opportunities in both traditional and digital printing services.

#5 Railroads

Railroads

Employees: 1.4M

Revenue: 180B$

Description: Railroads, a key sector in the Transportation industry, play a crucial role in the movement of goods and people over land. The industry encompasses companies involved in the construction, operation, and maintenance of rail networks and infrastructure. Key players in this industry include major railroad companies such as Union Pacific, Norfolk Southern, and CSX Corporation. These companies provide freight transportation services, transporting a wide range of commodities including coal, chemicals, agricultural products, and manufactured goods. The railroads industry is prominently active in North America, Europe, and Asia, with extensive networks that connect major cities and industrial hubs. The industry has experienced major changes throughout history, with significant milestones including the construction of transcontinental railroads in the 19th century and the development of high-speed rail systems in recent years. With the growing demand for efficient and sustainable transportation, the railroads industry presents noteworthy opportunities for future growth and innovation.

#4 Airport Services

Airport Services

Employees: 1.2M

Revenue: 300B$

Description: The Airport Services industry encompasses a wide range of services provided at airports to ensure smooth operations and enhance the travel experience. Key players in this industry include airport management companies, ground handling companies, and airport security providers. The primary audience for these services includes airlines, passengers, and other stakeholders in the aviation industry. This industry is prominently active in major airports around the world, with significant operations in countries like the United States, China, United Kingdom, Germany, and the United Arab Emirates. The Airport Services industry became significant with the rapid growth of air travel in the mid-20th century and has experienced major changes in recent years due to advancements in technology, increasing security concerns, and the emergence of new business models. With the continuous growth of global air travel and the need for efficient and secure airport operations, the Airport Services industry presents noteworthy opportunities for future growth, innovation, and investment.

#3 Trucking Services

Trucking Services

Employees: 3.5M

Revenue: 700B$

Description: The Trucking Services industry is a vital component of the Transportation sector, responsible for the transportation of goods across various distances. Key players in this industry include large trucking companies like UPS, FedEx, and Schneider National, as well as smaller regional carriers and independent owner-operators. The industry operates both domestically and internationally, with a significant presence in countries like the United States, China, and Germany. Trucking services have been prominent for many decades, but experienced major changes with the advent of advanced technologies like GPS tracking, electronic logging devices, and autonomous vehicles. This sector is noteworthy for future opportunities due to its essential role in global supply chains, the increasing demand for e-commerce logistics, and the potential for further automation and efficiency improvements.

#2 Airlines

Airlines

Employees: 2.5M

Revenue: 700B$

Description: The Airlines industry is a vital sector within the Transportation industry, encompassing companies that provide air travel services for passengers and cargo. Key players in the industry include major airlines such as Delta Air Lines, American Airlines, and United Airlines, as well as low-cost carriers like Southwest Airlines and Ryanair. The primary audience of the Airlines industry consists of travelers seeking domestic and international air transportation, as well as businesses requiring efficient cargo shipping. The industry is prominently active worldwide, with major hubs and routes spanning across continents. Airlines have experienced significant changes and milestones throughout history, including the advent of commercial aviation in the early 20th century and the rise of budget airlines in recent decades. With the continuous growth of global travel and increasing demand for air transportation, the Airlines industry presents noteworthy opportunities for future development and innovation.

#1 Trucking

Trucking

Employees: 8.7M

Revenue: 900B$

Description: The Trucking industry plays a vital role in the Transportation sector, facilitating the movement of goods across various regions. With a staggering 8.7 million employees, this industry encompasses a wide range of key players including trucking companies, logistics providers, freight brokers, and truck manufacturers. The primary audience of this industry includes businesses in sectors such as retail, manufacturing, and agriculture, which heavily rely on trucking services for the transportation of their goods. Prominently active throughout North America, Europe, and Asia, the Trucking industry operates globally, connecting supply chains and enabling international trade. It became significant in the early 20th century with the development of highways and the rise of consumerism. The industry experienced major changes with the advent of technology, including the integration of GPS systems, telematics, and autonomous trucking. With its immense scale, economic impact, and potential for innovation, the Trucking industry presents noteworthy opportunities for future growth and optimization.

Summary

The transportation industry is experiencing a surge in automation adoption and the rise of sustainability as a key concern.

These trends have important implications for companies in this sector, presenting opportunities for innovation and a growing need for sustainable practices.

Looking ahead, the transportation industry is expected to continue expanding, with increased investments in technology and a strong emphasis on environmentally responsible practices.

It is crucial for readers to stay informed about industry trends, consider investment opportunities, and explore ways to contribute to sustainable growth in this dynamic industry.

In this ever-evolving landscape, the transportation industry must embrace innovation, sustainability, and responsible leadership to thrive.