Road Freight Transportation Market in North America 2025-2029

Description

The road freight transportation market in North America is forecasted to grow by USD 129.8 billion during 2024-2029, accelerating at a CAGR of 2.3% during the forecast period. The report on the road freight transportation market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need to increase operational efficiency, increasing cross-border trade, and growth in E-commerce industry.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	2.1%
CAGR	2.3%
Incremental Value	$129.8 bn

Technavio's road freight transportation market in North America is segmented as below:

By Type

Full truckload
Less-than truckload

By Product Type

Solid goods
Liquid goods

By Vehicle Type

Light commercial
Heavy commercial

By Service Type

Third-party logistics (3PL)
Express and parcel services
Freight forwarding

By Geographical Landscape

North America

This study identifies the use of blockchain in road transportation industry as one of the prime reasons driving the road freight transportation market in North America growth during the next few years. Also, use of alternative fuels and introduction of self-driven trucks will lead to sizable demand in the market.

The report on the road freight transportation market in North America covers the following areas:

Road Freight Transportation Market in North America sizing
Road Freight Transportation Market in North America forecast
Road Freight Transportation Market in North America industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading road freight transportation market in North America vendors that include ArcBest Corp., C H Robinson Worldwide Inc., CMA CGM Group, Estes Express Lines, FedEx Corp., Hub Group Inc., J B Hunt Transport Services Inc., Knight Swift Transportation Holdings Inc., Landstar System Inc., NFI Industries Inc., Old Dominion Freight Line Inc., Penske Corp., R L Carriers Inc., Ryder System Inc., Schneider National Inc., TransForce Inc., United Parcel Service Inc., Werner Enterprises Inc., XPO Inc., and YRC. Also, the road freight transportation market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR45013

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Market Segmentation by Service Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on Regional - Market size and forecast 2024-2029 ($ billion)
- Chart on North America: Year-over-year growth 2024-2029 (%)
- Data Table on Regional - Market size and forecast 2024-2029 ($ billion)

5 Historic Market Size

5.1 Road Freight Transportation Market in North America 2019 - 2023
- Historic Market Size - Data Table on Road Freight Transportation Market in North America 2019 - 2023 ($ billion)
5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.3 Product Type segment analysis 2019 - 2023
- Historic Market Size - Product Type Segment 2019 - 2023 ($ billion)
5.4 Vehicle Type segment analysis 2019 - 2023
- Historic Market Size - Vehicle Type Segment 2019 - 2023 ($ billion)
5.5 Service Type segment analysis 2019 - 2023
- Historic Market Size - Service Type Segment 2019 - 2023 ($ billion)
5.6 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)

6 Qualitative Analysis

6.1 Impact of AI on road freight transportation market in North America

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
8.3 Full truckload - Market size and forecast 2024-2029
- Chart on Full truckload - Market size and forecast 2024-2029 ($ billion)
- Data Table on Full truckload - Market size and forecast 2024-2029 ($ billion)
- Chart on Full truckload - Year-over-year growth 2024-2029 (%)
- Data Table on Full truckload - Year-over-year growth 2024-2029 (%)
8.4 Less-than truckload - Market size and forecast 2024-2029
- Chart on Less-than truckload - Market size and forecast 2024-2029 ($ billion)
- Data Table on Less-than truckload - Market size and forecast 2024-2029 ($ billion)
- Chart on Less-than truckload - Year-over-year growth 2024-2029 (%)
- Data Table on Less-than truckload - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

9 Market Segmentation by Product Type

9.1 Market segments
- Chart on Product Type - Market share 2024-2029 (%)
- Data Table on Product Type - Market share 2024-2029 (%)
9.2 Comparison by Product Type
- Chart on Comparison by Product Type
- Data Table on Comparison by Product Type
9.3 Solid goods - Market size and forecast 2024-2029
- Chart on Solid goods - Market size and forecast 2024-2029 ($ billion)
- Data Table on Solid goods - Market size and forecast 2024-2029 ($ billion)
- Chart on Solid goods - Year-over-year growth 2024-2029 (%)
- Data Table on Solid goods - Year-over-year growth 2024-2029 (%)
9.4 Liquid goods - Market size and forecast 2024-2029
- Chart on Liquid goods - Market size and forecast 2024-2029 ($ billion)
- Data Table on Liquid goods - Market size and forecast 2024-2029 ($ billion)
- Chart on Liquid goods - Year-over-year growth 2024-2029 (%)
- Data Table on Liquid goods - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Product Type
- Market opportunity by Product Type ($ billion)
- Data Table on Market opportunity by Product Type ($ billion)

10 Market Segmentation by Vehicle Type

10.1 Market segments
- Chart on Vehicle Type - Market share 2024-2029 (%)
- Data Table on Vehicle Type - Market share 2024-2029 (%)
10.2 Comparison by Vehicle Type
- Chart on Comparison by Vehicle Type
- Data Table on Comparison by Vehicle Type
10.3 Light commercial - Market size and forecast 2024-2029
- Chart on Light commercial - Market size and forecast 2024-2029 ($ billion)
- Data Table on Light commercial - Market size and forecast 2024-2029 ($ billion)
- Chart on Light commercial - Year-over-year growth 2024-2029 (%)
- Data Table on Light commercial - Year-over-year growth 2024-2029 (%)
10.4 Heavy commercial - Market size and forecast 2024-2029
- Chart on Heavy commercial - Market size and forecast 2024-2029 ($ billion)
- Data Table on Heavy commercial - Market size and forecast 2024-2029 ($ billion)
- Chart on Heavy commercial - Year-over-year growth 2024-2029 (%)
- Data Table on Heavy commercial - Year-over-year growth 2024-2029 (%)
10.5 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ billion)
- Data Table on Market opportunity by Vehicle Type ($ billion)

11 Market Segmentation by Service Type

11.1 Market segments
- Chart on Service Type - Market share 2024-2029 (%)
- Data Table on Service Type - Market share 2024-2029 (%)
11.2 Comparison by Service Type
- Chart on Comparison by Service Type
- Data Table on Comparison by Service Type
11.3 Third-party logistics (3PL) - Market size and forecast 2024-2029
- Chart on Third-party logistics (3PL) - Market size and forecast 2024-2029 ($ billion)
- Data Table on Third-party logistics (3PL) - Market size and forecast 2024-2029 ($ billion)
- Chart on Third-party logistics (3PL) - Year-over-year growth 2024-2029 (%)
- Data Table on Third-party logistics (3PL) - Year-over-year growth 2024-2029 (%)
11.4 Express and parcel services - Market size and forecast 2024-2029
- Chart on Express and parcel services - Market size and forecast 2024-2029 ($ billion)
- Data Table on Express and parcel services - Market size and forecast 2024-2029 ($ billion)
- Chart on Express and parcel services - Year-over-year growth 2024-2029 (%)
- Data Table on Express and parcel services - Year-over-year growth 2024-2029 (%)
11.5 Freight forwarding - Market size and forecast 2024-2029
- Chart on Freight forwarding - Market size and forecast 2024-2029 ($ billion)
- Data Table on Freight forwarding - Market size and forecast 2024-2029 ($ billion)
- Chart on Freight forwarding - Year-over-year growth 2024-2029 (%)
- Data Table on Freight forwarding - Year-over-year growth 2024-2029 (%)
11.6 Market opportunity by Service Type
- Market opportunity by Service Type ($ billion)
- Data Table on Market opportunity by Service Type ($ billion)

12 Customer Landscape

12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

13 Geographic Landscape

13.1 Geographic segmentation
- Chart on Market share By Geographical Landscape - 2024-2029 (%)
- Data Table on Market share By Geographical Landscape - 2024-2029 (%)
13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
13.3 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
13.4 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
13.5 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ billion)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
13.6 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Table on Market opportunity By Geographical Landscape ($ billion)

14 Drivers, Challenges, and Opportunity/Restraints

14.1 Market drivers
14.2 Market challenges
14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
14.4 Market opportunities/restraints

15 Competitive Landscape

15.1 Overview
15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
15.3 Landscape disruption
- Overview on factors of disruption
15.4 Industry risks
- Impact of key risks on business

16 Competitive Analysis

16.1 Companies profiled
- Companies covered
16.2 Company ranking index
- Company ranking index
16.3 Market positioning of companies
- Matrix on companies position and classification
16.4 ArcBest Corp.
- ArcBest Corp. - Overview
- ArcBest Corp. - Business segments
- ArcBest Corp. - Key offerings
- ArcBest Corp. - Segment focus
- SWOT
16.5 C H Robinson Worldwide Inc.
- C H Robinson Worldwide Inc. - Overview
- C H Robinson Worldwide Inc. - Business segments
- C H Robinson Worldwide Inc. - Key news
- C H Robinson Worldwide Inc. - Key offerings
- C H Robinson Worldwide Inc. - Segment focus
- SWOT
16.6 CMA CGM Group
- CMA CGM Group - Overview
- CMA CGM Group - Product / Service
- CMA CGM Group - Key news
- CMA CGM Group - Key offerings
- SWOT
16.7 FedEx Corp.
- FedEx Corp. - Overview
- FedEx Corp. - Business segments
- FedEx Corp. - Key news
- FedEx Corp. - Key offerings
- FedEx Corp. - Segment focus
- SWOT
16.8 Hub Group Inc.
- Hub Group Inc. - Overview
- Hub Group Inc. - Product / Service
- Hub Group Inc. - Key offerings
- SWOT
16.9 J B Hunt Transport Services Inc.
- J B Hunt Transport Services Inc. - Overview
- J B Hunt Transport Services Inc. - Business segments
- J B Hunt Transport Services Inc. - Key offerings
- J B Hunt Transport Services Inc. - Segment focus
- SWOT
16.10 Knight Swift Transportation Holdings Inc.
- Knight Swift Transportation Holdings Inc. - Overview
- Knight Swift Transportation Holdings Inc. - Business segments
- Knight Swift Transportation Holdings Inc. - Key offerings
- Knight Swift Transportation Holdings Inc. - Segment focus
- SWOT
16.11 Landstar System Inc.
- Landstar System Inc. - Overview
- Landstar System Inc. - Product / Service
- Landstar System Inc. - Key offerings
- SWOT
16.12 NFI Industries Inc.
- NFI Industries Inc. - Overview
- NFI Industries Inc. - Product / Service
- NFI Industries Inc. - Key offerings
- SWOT
16.13 Old Dominion Freight Line Inc.
- Old Dominion Freight Line Inc. - Overview
- Old Dominion Freight Line Inc. - Product / Service
- Old Dominion Freight Line Inc. - Key news
- Old Dominion Freight Line Inc. - Key offerings
- SWOT
16.14 Ryder System Inc.
- Ryder System Inc. - Overview
- Ryder System Inc. - Business segments
- Ryder System Inc. - Key offerings
- Ryder System Inc. - Segment focus
- SWOT
16.15 Schneider National Inc.
- Schneider National Inc. - Overview
- Schneider National Inc. - Business segments
- Schneider National Inc. - Key news
- Schneider National Inc. - Key offerings
- Schneider National Inc. - Segment focus
- SWOT
16.16 United Parcel Service Inc.
- United Parcel Service Inc. - Overview
- United Parcel Service Inc. - Business segments
- United Parcel Service Inc. - Key news
- United Parcel Service Inc. - Key offerings
- United Parcel Service Inc. - Segment focus
- SWOT
16.17 XPO Inc.
- XPO Inc. - Overview
- XPO Inc. - Business segments
- XPO Inc. - Key news
- XPO Inc. - Key offerings
- XPO Inc. - Segment focus
- SWOT
16.18 YRC
- YRC - Overview
- YRC - Product / Service
- YRC - Key offerings
- SWOT

17 Appendix

17.1 Scope of the report
17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
17.3 Currency conversion rates for US$
- Currency conversion rates for US$
17.4 Research methodology
- Research methodology
17.5 Data procurement
- Information sources
17.6 Data validation
- Data validation
17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
17.8 Data synthesis
- Data synthesis
17.9 360 degree market analysis
- 360 degree market analysis
17.10 List of abbreviations
- List of abbreviations