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Global Car Carrier Market: Insights & Forecast with Potential Impact of COVID-19 (2022-2026)
The major regional markets Japan, Europe, Korea, NAFTA, ASEAN, China, and Others have been analyzed.
By: Koncept Analytics
The global car carrier market by value is anticipated to reach US$975.92 million in 2026, growing at a CAGR of 3% during the period spanning 2022-2026. The growth in the market has been driven by factors like rising urban population, higher vehicle sales, rising demand for foreign vehicles, and improvement in vessel designs. The market is expected to face certain challenges such as piracy threats, capacity fluctuations and geo-political tensions. To overcome these challenges, the market would witness some key trends like escalating technological advancements, upsurge in use of electric vehicles, and artificial intelligence.
The global car carrier market by value can be segmented as follows: Enclosed, and Open. In 2021, the dominant share of the market was being held by enclosed segment. The global car transportation market volume by region can be segmented into the following: Japan, Europe, Korea, NAFTA, ASEAN, China, and Others. In 2021, the dominant share of the market was held by Japan.
Scope of the report:
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