Sector analysis: Transport
The global transport services market was roughly $6.63 trillion by the end of 2018, according to consultancy Business Research Company (BRC) and was estimated to have grown at a compound annual growth rate of 7.1% since 2014.
BRC’s Transport Services Global Market report notes that the main driver behind this growth was the confluence of favourable factors such as the rise of e-commerce platforms, economic growth in emerging markets and oil prices. It also cites weak wage growth in developed…
