Over the past five years, the Vehicle Shipping Services industry has steadily improved. As a result, industry revenue is expected to increase during the five-year period. Early in the five-year period, consumers continued to release pent-up demand for vehicles that they put off during the economic downturn. High vehicle sales continued into the latter half of the period, which bolstered demand for industry services. Over the five years to 2022, industry revenue is forecast to climb. Improving economic conditions and consumer income will boost demand for automobiles, leading to higher vehicle freight volumes and stronger revenue growth. Moreover, rising US auto exports are anticipated to increase the need to transport vehicles to ports, bolstering demand for industry services. However, rising interest rates will make it more expensive for consumers to purchase vehicles, which is expected to taper the growth of car sales and demand for industry services.
Operators in this industry transport finished vehicles, such as cars, trucks, vans, buses, tractors and motorcycles, regionally and nationally. This industry includes operators that transport vehicles individually or part of a fleet but excludes operators that perform automobile towing services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.