The Global Transportation Industry Market reached USD 7.31 trillion in 2022 and is expected to reach USD 11.1 trillion by 2030, growing with  a CAGR of 5.4% during the forecast period 2023-2030, mainly driven by factors such as urbanisation and population growth. Asia-Pacific holds a significant share of the global transportation industry market, and countries like China and India have more than two-thirds at the regional level.

The mobility landscape is undergoing significant transformation due to increasing urbanisation, technological advancements, and evolving consumer preferences. Asia is leading the world in unlocking new innovations to drive value from this shift, with China at the forefront of electric vehicle adoption, Thailand investing in logistics infrastructure, and Singapore’s 2030 Green Plan redefining urban development and public-private partnerships.

Autonomous vehicles, cleaner fuels, and increasing digitalisation promise to revolutionise how our economies function. The changing economic outlook, coupled with new priorities around energy security and decarbonisation, is leading to new strategies which promote growth and sustainable mobility.

A connected, sustainable, and inclusive clean mobility and smart transportation ecosystem that enhances quality of life, economic productivity, and environmental stewardship is possible.