Animal Transportation Market to extend by USD 600.02 million from 2023 to 2028; A decline in gasoline costs rising revenue margins of LSPs to drive the expansion

NEW YORK, Dec. 21, 2023 /PRNewswire/ — The animal transportation market is predicted to develop by USD 600.02 million from 2023 to 2028. However, the expansion momentum of the market will probably be progressing at a CAGR of 5.07% in the course of the forecast interval. The market is segmented by Application (Livestock, Pets, and Others), Type (Personal and Commercial), and Geography (North America, APAC, Europe, South America, and Middle East and Africa).

A decline in gasoline costs and rising revenue margins of LSPs are notably driving the market development. Globally, there was a major drop in gasoline costs as a result of oversupply in recent years. Jet gasoline costs represent 35%-45% of the working cost of airways; due to this fact, with the drop in gasoline costs, airfares turned extra reasonably priced, leading to driving air passenger visitors and revenue margins of airways. The discount in jet gasoline costs, the sturdy efficiency of the airline business, and powerful financial circumstances will drive the marketplace for animal transportation by air.

The report analyses the market measurement and development and gives correct predictions on the expansion of the market. View Free PDF Sample 

Key Highlights:

• The report acknowledges the next as a few of the key gamers within the animal transportation market: American Airlines Group Inc., Amerijet International Inc., Carry My Pet, Copa Airlines, Inc., Delta Air Lines Inc., Deutsche Lufthansa AG, DSV AS, EMO Trans Inc., GRADLYN Petshipping, Happy Tails Travel, Inc., HERFURTH GROUP, International Consolidated Airlines Group SA, Paws Pet Travel, Pets Transport, Southwest Airlines Co., SpiceJet Ltd, Starwood Pet Travel, United Parcel Service Inc., World Care Pet Transport, LLC, and China Eastern Airlines Corp. Ltd.

• The Animal Transportation Market is fragmented in nature.

• Market to look at 4.95% YOY development in 2024.

Market Dynamics:

Trend & Challenges

The rising adoption of the Internet of Things (IoT) within the logistics business is an rising development shaping market development. Some logistics service suppliers at the moment are utilizing the Internet of Things (IoT) to optimize asset utilization, handle fleet successfully, allow geofencing, and implement good stock administration. The use of IoT-based applied sciences helps logistics firms with massive fleets to forestall sudden breakdowns and improve the effectivity of operations. By integrating linked units like digital log units (ELD) with IoT, logistics operations can develop into much more streamlined.

Story continues

Shortage of truck drivers and mandates on ELDs is a major problem hindering the market development. The animal transportation market closely depends on the trucking business to move animals by means of roads masking a distance of 300-350 miles. However, globally, there’s a scarcity of expert truck drivers within the logistics business, and that is projected to proceed rising within the foreseeable future. This shortage of expert truck drivers can considerably disrupt the availability chain within the worldwide animal transportation market.

 The report additionally covers data on upcoming traits and challenges. Explore detailed data by purchasing a report

Keg Segments:

• The livestock phase is estimated to witness vital development in the course of the forecast interval. The livestock phase contains animals corresponding to horses, sheep, camels, pigs, goats, cattle, and poultry. Transportation of livestock is an important a part of the meat manufacturing cycle, ranging from farms to slaughterhouses.

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Related Reports:

The perishable goods transportation market measurement is estimated to develop at a CAGR of seven.75% between 2022 and 2027. The market measurement is forecast to extend by USD 7,427.89 million.

The Timber Logistics Market measurement is estimated to develop at a CAGR of 6.61% between 2022 and 2027 and the scale of the market is forecast to extend by USD 17,228.49 million.

ToC:

Excustive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application 

Market Segmentation by Type 

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

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