PUBLISHER: TechNavio | PRODUCT CODE: 1653057
PUBLISHER: TechNavio | PRODUCT CODE: 1653057
The road freight transport market is forecasted to grow by USD 204.4 billion during 2024-2029, accelerating at a CAGR of 8.1% during the forecast period. The report on the road freight transport market 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 rapid growth in E-commerce industry, growing retail sales in APAC, and increasing cross-border trade globally.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 6.9% |
CAGR | 8.1% |
Incremental Value | $204.4 bn |
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.
Technavio's road freight transport market is segmented as below:
By Vehicle Type
By End-user
By Geographical Landscape
This study identifies the growing usage of AI and ML in freight forwarding as one of the prime reasons driving the road freight transport market growth during the next few years. Also, use of blockchain in road transport industry and introduction of self-driven trucks will lead to sizable demand in the market.
The report on the road freight transport market covers the following areas:
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 transport market vendors that include AlkomTrans, Cargo Carriers Ltd., CEVA Logistics SA, CJ Logistics Corp., Deutsche Bahn AG, Deutsche Post AG, DSV AS, FedEx Corp., Fercam Spa, First European Logistics Ltd., Ital Logistics Ltd., J B Hunt Transport Services Inc., Kerry Logistics Network Ltd., KLG Europe, Kuehne Nagel Management AG, NGL Gondrand Group SA, Nippon Express Holdings Inc., Overland Total Logistics Services SDN. Bhd., SNCF Group, and Yellow Corp.. Also, the road freight transport market 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.
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