Global Road Haulage Market 2024-2028
Technavio has been monitoring the road haulage market and is forecast to grow by USD 1341.4 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. Our report on the road haulage 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 rising freight demand from retail and manufacturing industries, rapid growth in e-commerce industry, and increase in cross-border trades.
Technavio's road haulage market is segmented as below:
By Vehicle Type
- Heavy commercial vehicles
- Light commercial vehicles
By Type
- Domestic road haulage
- International road haulage
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the rapid adoption of smartphones and growing internet penetration as one of the prime reasons driving the road haulage market growth during the next few years. Also, use of alternative fuels and use of blockchain in road haulage industry will lead to sizable demand in the market.
Technavio 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. Our report on the road haulage market covers the following areas:
- Road haulage market sizing
- Road haulage market forecast
- Road haulage market industry analysis
Technavio's 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 haulage market vendors that include AM Cargo Ltd., Leicester Heavy Haulage, Caterpillar Inc., CEVA Logistics, Container Corp. of India Ltd., DB Schenker, DSV AS, Fercam Spa, FM Logistic, Gosselin Group, Ital Logistics Ltd., KLG Europe, WALTER LEASING GmbH, Manitoulin Transport Inc., Maxi Group Ltd., Mesaroli Spa, Monarch Transport Ltd., Siemens AG, SLH Transport Inc., and Woodside Haulage Holdings Ltd.. Also, the road haulage 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 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 and vendor landscape in addition to an analysis of the key vendors.
Technavio 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 research - both primary and secondary. Technavio's 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.