Transportation is a business sector that is rapidly growing no matter where you are in the world. As each country and state struggles to produce the goods they need, they buy from other locations instead. And this means the transportation business can continue to thrive.
But there is more than one type of transportation business to choose from, so which sector is doing the best?
1. Ambulance Services
Ambulance services are always in demand due to their ability to save someone from a life or death situation. These medical transportation businesses deal with the transport of emergency and non-emergency patients as well as the transport of vital organs.
In 2021, the US healthcare transportation service market was valued at USD 15,295.6 million.
2. Air Cargo Transportation
Air cargo is considered the most popular form of product transportation, as you can ship proctors long distances quickly. However, understanding state law changes, country laws for products, and the aviation industry is a must if you want to enter this sector.
The air cargo industry is projected to reach USD 111,810 million by the year 2027.
3. Auto-Body Stores
Instead of focusing on transportation itself, you may be considering the parts of the vehicle. This means finding or creating rare and commonly used mechanical parts for vehicles. As more people are repairing instead of buying new cars, this means the automotive industry needs to re-think its selling strategies.
You can already see the change in production as the global auto repair industry reached USD 185.95 billion in 2020.
4. Aircraft Maintenance
Just as cars need maintenance, so do aircrafts. However, this sector deals in more than just public airplanes. It deals with air force planes too.
This hands-on industry requires knowledge about plane maintenance, and information security to ensure that the air force can trust your business.
In 2021 the global aircraft maintenance industry was worth around USD 68.4 billion.
5. Auto Dealing
Selling cars and other automobiles can be easily done by an entrepreneur with little experience. Finding cheap cars and fixing them up is one method you can use, or you can barter a seller to lower their price and sell the car for its true value instead.
Even though this approach is more accessible than some of the others, it can be hard to push your wares, so don’t overbuy.
In total, the US automobile industry is currently worth USD 82.6 billion.
6. Charter Bus Transportation Service
Charter buses are buses that are used by a community to take people from one place to another. For example, a school may hire a charter bus service to take children to and from school.
In 2016, this sector was worth USD 3.1 billion in the US.
7. Courier Service
For a courier service to do well, it either needs a tight community or a big brand. You don’t need to compete with Amazon to get your courier service up and running. Instead, focus on the businesses in your area and the issues they are facing. Maybe very few companies travel to a specific location. Target that location, and you will be making profits.
The courier service industry is expected to grow by USD 23.18 million by 2025.
8. Car Parks
Owning a car park is another idea which is low cost and instantly gains a reward. Simply find an unused piece of land in a busy area, buy it, and hire a singular person to manage the plot. Low cost, high profits.
By 2024, the US revenue from parking lots and garages is expected to grow to USD 11.3 billion.
9. Car Rentals
Car rental companies are at their most popular in cities where people don’t often need to drive and so don’t own a car, or in vacation destinations.
In 2019, the US car rental industry was worth USD 31.73 billion.
10. Transport blogging
For an extremely low cost you can start up a transport website that can go into detail about old and new vehicles, can explain transporting rules in different locations, and can test out or explain new accessories.
The more specialized you are, the more likely you will stand out from the other blogs you would be competing against.
In 2021 the content marketing industry was worth USD 412.88 billion.
The best sector for you should be measured by your knowledge and your financial capabilities. The cheapest industry to start off with is blogging, however, car parks and auto dealings are also low-cost investments with high turnarounds.