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

  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
    Read More
  • Good 2022 start for Italian machinery sector
    June 6, 2022
    The surge in performance indicates possible sales for the full year of around €418.5 million, according to SaMoTer-Veronafiere.
    Read More
  • Caution not catastrophe in European market, says Volvo CE EMEA sales boss
    July 3, 2012
    There is caution but no catastrophe in the European construction equipment sales market, according to Volvo Construction Equipment (CE) EMEA sales president Tomas Kuta. Speaking at a press conference to launch Volvo CE’s PL3005D pipelayer, and ahead of the in-port race of the Volvo Ocean Race in Lorient, France, Kuta said: “Europe is not a catastrophe. Our Quarter 1 (2012) results were very much driven by Europe, but it’s the outlook that is so uncertain. “We (Volvo CE) have seen good development in the no
    Read More
  • Global excavator demand set to grow according to report
    September 5, 2017
    Global excavator demand will exceed $50 billion in 2021, according to a new market report by the US-based consultancy Freedonia.
    Read More

Highlighted Content