PUBLISHER: The Business Research Company | PRODUCT CODE: 1574688
PUBLISHER: The Business Research Company | PRODUCT CODE: 1574688
Cross-border road transport involves the movement of goods or passengers by road vehicles across international borders. This process requires navigating different regulations, customs procedures, and infrastructure variations between countries. It plays a vital role in international trade and economic integration, facilitating the exchange of products and services between nations.
The primary modes of cross-border road transport are freight transport and passenger transport. Freight transport encompasses the movement of goods across borders using trucks and commercial vehicles. The types of cargo can include perishable goods, non-perishable goods, and specialized items. Various end-users such as manufacturing, retail and e-commerce, automotive, agriculture, pharmaceuticals and healthcare, oil and gas, defense and military logistics, individuals, and others utilize these transport services.
The cross-border road transport market research report is one of a series of new reports from The Business Research Company that provides cross-border road transport market statistics, including cross-border road transport industry global market size, regional shares, competitors with an cross-border road transport market share, detailed cross-border road transport market segments, market trends, and opportunities, and any further data you may need to thrive in the cross-border road transport industry. This cross-border road transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cross-border road transport market size has grown strongly in recent years. It will grow from $223.85 billion in 2023 to $238.03 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth during the historical period can be attributed to several factors such as increasing international trade agreements that have boosted the demand for cross-border transport, growing economic development in emerging markets that has driven the need for improved road logistics, rising consumer demand for quicker delivery times which has led to the expansion of road transport networks, the expanding e-commerce sector contributing to higher volumes of cross-border shipments, and increased investment in infrastructure development that has enhanced road connectivity across borders.
The cross-border road transport market size is expected to see strong growth in the next few years. It will grow to $305.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The projected growth during the forecast period is driven by several factors, including advancements in digitalization and logistics technologies that enhance efficiency and tracking. The increasing focus on sustainability and green logistics is encouraging the adoption of eco-friendly transport solutions. The growing use of artificial intelligence and machine learning for route optimization and predictive maintenance is also contributing to this growth. Investments in smart transportation infrastructure are facilitating smoother cross-border operations, while the expansion of autonomous vehicle technologies is improving safety and efficiency in cross-border road transport.
The expanding e-commerce sector is projected to drive growth in the cross-border road transport market. E-commerce, which involves the buying and selling of goods and services online via digital platforms, is growing due to increasing consumer preference for the convenience of online shopping and advancements in digital technology. Efficient cross-border road transport is crucial for e-commerce, ensuring timely delivery of goods across international borders, enhancing supply chain operations, and providing faster, more reliable customer service. For example, the Office for National Statistics (ONS) reported in April 2024 that internet sales as a percentage of total retail sales in the UK rose to 30.7% in 2021 from 28.1% in 2020. Thus, the growing e-commerce sector is fueling the expansion of the cross-border road transport market.
Key players in the cross-border road transport market are focusing on zero-emission logistics to gain a competitive edge. Zero-emission logistics involves transporting goods using vehicles and technologies that produce no direct emissions, such as electric or hydrogen-powered trucks. This approach aims to reduce environmental impact and carbon footprints in supply chains. For instance, in July 2024, Scan Global Logistics A/S, a Denmark-based logistics company, launched an electric cross-border truck service between Malaysia and Singapore. These trucks offer a range of up to 200 kilometers per charge and can carry up to 12 tons of cargo, providing an eco-friendly alternative to traditional diesel-powered trucks. Additionally, the electric trucks feature advanced technology for real-time tracking and predictive maintenance, enhancing operational efficiency.
In April 2024, DASHSER, a Germany-based freight company, acquired Brummer Logistik GmbH in Germany and Brummer Logistic Solutions GmbH & Co KG in Austria for an undisclosed amount. This acquisition aims to strengthen DASHSER's network for transporting and storing temperature-controlled food in Germany, Austria, and neighboring countries, while improving service quality and reliability through synergies and the expertise of Brummer's existing management team. Brummer Logistik GmbH is a Germany-based logistics company, and Brummer Logistic Solutions GmbH & Co KG is an Austria-based provider of cross-border transport, warehousing, and contract logistics services.
Major companies operating in the cross-border road transport market are United Parcel Service Inc., Deutsche Post DHL Group, FedEx Corporation, Deutsche Bahn AG, Kuehne + Nagel International AG, DSV A/S, C.H. Robinson Worldwide Inc., Expeditors International of Washington Inc., Nippon Express Co. Ltd., Sinotrans Limited, Geodis, J.B. Hunt Transport Services Inc., Ryder System Inc., Kerry Logistics Network Limited, Dachser Group SE & Co. KG, XPO Logistics Inc., Toll Group, YRC Worldwide Inc., ArcBest Corporation, Hellmann Worldwide Logistics SE & Co. KG, Mainfreight Limited, Agility Public Warehousing Company K.S.C.P., Bollore Logistics, CEVA Logistics AG, Rhenus Logistics
North America was the largest region in the cross-border road transport market in 2023. The regions covered in the cross-border road transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cross-border road transport market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cross-border road transport market includes revenues earned by entities by providing services such as freight forwarding, cargo transportation, logistics management, customs brokerage, warehousing, and distribution. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cross-Border Road Transport Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cross-border road transport market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cross-border road transport ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cross-border road transport market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.