Oversized or overweight, or heavy cargo, is a kind of cargo with additional physical capacities or mass than the maximum permitted standards or weight in a specific region via which transportation of cargo takes place. The transportation through this heavy cargo is termed as oversized cargo transportation, which varies and is regulated according to region. Oversized cargo transportation requires special equipment, machinery, escort, cargo space, advance agreements, permits, and knowledge.
Rapid industrialization and increasing environmental issues are expected to accelerate the oversized cargo transportation market during the forecast period. Increase in trade policies across the globe and expansion of the construction industry are anticipated to accentuate the oversized cargo transportation market during the forecast period. Increase in trade regulations by governments of various countries and significant import and export are projected to boost the oversized cargo transportation market during the forecast period. However, higher capital investments and maintenance of overall oversized cargo transportation are projected to restraint the market during the forecast period.
Based on type, the oversized cargo transportation market can be classified into road transportation, rail transportation, sea transportation, and air transportation. The road transportation segment accounts for a major share of the market due to surge in transportation in construction industry via this segment. Road transportation is more cost-effective than other transportation modes for short distances, which is expected to lead to the higher share of the road transportation segment of the market during the forecast period.
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