World’s Smart Transport market to reach US$102.31bn by 2018

The Smart Transport market is forecast to rise at a CAGR (Compound Annual Growth Rate) of 23.6% to US$102.31 billion between 2013 and 2018, according to a new research report by MarketsandMarkets (M&M). The M&M report claims the still to be confirmed 2012 Smart Transport market value is around $26.7 billion. During the 2013-2018 period, the CIS + Eastern European, Middle East and African and Latin American Smart Transport markets are expected to grow at 31.4%, 39.1%, and 45.8%, respectively.
August 29, 2013 Read time: 1 min
The Smart Transport market is forecast to rise at a CAGR (Compound Annual Growth Rate) of 23.6% to US$102.31 billion between 2013 and 2018, according to a new research report by 7466 MarketsandMarkets (M&M).

The M&M report claims the still to be confirmed 2012 Smart Transport market value is around $26.7 billion. During the 2013-2018 period, the CIS + Eastern European, Middle East and African and Latin American Smart Transport markets are expected to grow at 31.4%, 39.1%, and 45.8%, respectively.

For more information on companies in this article

Related Content

  • Equipment firm Wacker Neuson posts bullish results
    March 31, 2014
    Munich-based equipment manufacturer Wacker Neuson reports an increase in Group revenue and profitability in 2013. This has been achieved in spite of tough trading conditions and having met its targets for 2013, the firm aims to remain on track in 2014. The company achieved €1.16 billion in revenue and says it managed to boost market penetration of light and compact equipment in its core European and US markets. It also developed specific new markets. Group revenue rose 6% to €1.16 billion, compared with nea
    Read More
  • ARTBA predicts a tough 2021 for construction
    December 17, 2020
    ARTBA predicts a tough 2021 for transport infrastructure construction.
    Read More
  • A new report highlights strong US demand for geomembranes
    April 2, 2013
    A new report from The Freedonia Group highlights growing US demand for geosynthetics. According to Freedonia’s report, this market is expected to grow 6.6%/year to 1.087 billion m2 in 2017. And this will have an expected trade value of some US$2.9 billion. This growth will be aided by gains in spending on the construction of structures and roads. The growth in demand for geosynthetics will also be helped by increased market penetration, as engineers become more aware of the long term cost and performance ad
    Read More
  • US asphalt demand to reach 24.3 million tonnes in 2019
    August 6, 2015
    US demand for asphalt is forecast to increase 3.3% annually to 24.3 million tonness in 2019, the vast majority of which is refined petroleum asphalt, according to a new report. Demand will be spurred by a rebound in building construction, especially for asphalt shingles. But in the much larger market of asphalt paving, gains will be supported by the efforts of state and local governments to maintain the nation’s aging road and highway network. Paving accounted for three-quarters of asphalt use in 2014
    Read More

Highlighted Content