Industry Analysis

Projected Post-Covid Market Size, Growth Rate, Estimated Number of Employees, and the Number of Companies/Businesses: Transportation

0

You may also be interested in the following reports:

Market Size and Market Growth Rate

  • According to Businesswire, the “global transport services market is expected to decline from $6,176.9 billion in 2019 to $6,079.9 billion in 2020 at a compound annual growth rate (CAGR) of -1.6%.”
  • Businesswire estimates the global transportation services market to grow by a CAGR of 8% from 2021 to 2023
  • The projected market size for the global transportation services market in 2022 is $7,091.6 billion (6,079.9 billion X (8/100 +1) ^2).
  • According to IBIS World, the United States transportation and warehousing industry market size is estimated to be $1 trillion.

Number of employees

  • According to the US Bureau of Labor Statistics, the number of employees in the transportation and warehousing industry was 5.618 million in 2019.
  • An exhaustive search through industry publications, market reports, media articles, regulatory websites, and statistical databases could not find employment projections that include impacts of the COVID-19 pandemic.
  • The US Bureau of Labor Statistics projects the US transportation and warehousing industry to reach 5.944 million jobs by 2029 at a CAGR of 0.6%.
  • Using the CAGR of 0.6% the number of employees in the US manufacturing industry is anticipated to reach 5.72 million by 2022. The projected number was calculated using a reverse CAGR calculator. The starting value is 5.944 million (2019), and the number of periods is 3 (years).

Companies/Businesses

  • IBIS World estimates the number of businesses in the United States transportation and warehousing industry to be 2,876,271 in 2020.
  • Assuming that the number of transportation and warehousing businesses in the United States will continue growing at 11.7% between 2020 and 2022, the number of transportation and warehousing businesses is anticipated to reach 3,588,691 by 2022. This projected number was calculated using a reverse CAGR calculator. The starting value is 2,876,271 (2020), and the number of periods is 2 (years).
GLENN TREVOR
Glenn is the Lead Operations Research Analyst at Simple Manifestation with experience in research, statistical data analysis and interview techniques. A holder of degree in Economics. A true specialist in quantitative and qualitative research.

Projected Post-Covid Market Size, Growth Rate, Estimated Number of Employees, and the Number of Companies/Businesses: Manufacturing

Previous article

Projected Post-Covid Market Size, Growth Rate, Estimated Number of Employees, and the Number of Companies/Businesses: Financial Services

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.