$10.1bn
$XXX.Xm
38,604
7,858
$X.Xbn
Over the past five years, the Vehicle Shipping Services industry’s journey has been marked by abrupt changes. Post-2017, the booming economy and robust car sales fostered a healthy demand for vehicle transport services. Despite this, the pandemic disrupted this upward trajectory. From 2020 to early 2021, the industry struggled with a precipitous decline in new car sales and a subsequent drop in revenue. Elevated fuel prices, stemming from supply chain disruptions and geopolitical tensions such as the conflict in Ukraine, further complicated matters, curbing driving and, by extension, vehicle sales. Despite these challenges, e-commerce has emerged as a bright spot. The rise of online car sales necessitated efficient vehicle transport solutions, helping sustain some revenue streams and pushing service providers to innovate operationally. Overall, revenue for vehicle shipping companies is anticipated to plunge at a CAGR of 4.1% during the current period, reaching $10.1 billion in 2024. This includes a 4.3% drop in revenue in that year.
Industry revenue has declined at a CAGR of 4.1 % over the past five years, to reach an estimated $10.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Burlington Northern Santa Fe, Llc | 3,413.9 | 1,218.1 | 35.7 | |
Union Pacific Corp | 1,955.2 | 806.2 | 41.2 | |
Csx Corporation | 1,093.3 | 433.2 | 39.6 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Local trucking transportation services, Long-distance trucking transportation services and Rail transportation services. Local trucking transportation services is the largest segment of the Vehicle Shipping Services in the US.
Trucks transport vehicles across all distances
Vehicle shipping companies transport finished vehicles, such as cars, trucks, vans, buses, tractors and motorcycles, regionally and nationally. These companies offer various services to cater to the needs of individuals, dealerships and businesses that require moving cars, trucks, motorcycles and other types of vehicles.
Purchase this report to view all 4 major companies in this industry.
NAICS 48311 - Vehicle Shipping Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Record-high gas prices, partly due to the Ukraine conflict and supply chain issues, discouraged driving and limited demand for new cars. As the energy market stabilizes and U...
Learn about an industry's products and services, markets and trends in international trade.
Trucking's revenue share has fallen during the current period because of high gas prices. Many companies now prefer rail transport, especially for long-distance hauls, becaus...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast comprises the largest share of the nation’s population because it contains big states such as Florida and North Carolina. The high population causes many dealer...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Buyers have strong negotiating power. The sheer number of vehicle shipping service providers in the US enables new car dealers, auto wholesalers and consumers to switch suppl...
Learn about the performance of the top companies in the industry.
The industry’s major players comprise more than half of revenue. Large vehicle shipping companies take advantage of economies of scale and new technologies, which spurs eleva...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Federal Railroad Administration (FRA) was established in 1966 under the Department of Transportation Act to ensure the safe and efficient movement of people and goods. It...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Vehicle shipping companies tend to make solid profit, but it varies across different sectors. Trucking companies struggle with price competition because of market fragmentati...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Vehicle Shipping Services in the US industry in United States is $10.1bn in 2024.
There are 7,858 businesses in the Vehicle Shipping Services in the US industry in United States, which has grown at a CAGR of 8.7 % between 2019 and 2024.
The market size of the Vehicle Shipping Services in the US industry in United States has been declining at a CAGR of 4.1 % between 2019 and 2024.
Over the next five years, the Vehicle Shipping Services in the US industry in United States is expected to grow.
The biggest companies operating in the Vehicle Shipping Services market in United States are Burlington Northern Santa Fe, Llc, Union Pacific Corp and Csx Corporation
Vehicle shipping services by local trucks and Vehicle shipping services by long-distance freight trucks are part of the Vehicle Shipping Services in the US industry.
The company holding the most market share in United States is Burlington Northern Santa Fe, Llc.
The level of competition is high and steady in the Vehicle Shipping Services in the US industry in United States.