Road Freight Transportation Market In North America 2024-2028
The road freight transportation market in North America is forecasted to grow by USD 130.44 mn during 2023-2028, accelerating at a CAGR of 2.47% 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 a need to increase operational efficiency, increasing cross-border trade, and growth in the e-commerce industry.
Technavio's road freight transportation market in North America is segmented as below:
By Type
- Full truckload
- Less-than truckload
By Product Type
This study identifies the use of blockchain in the 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, the use of alternative fuels and the 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 SA 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 Yellow Corp.. 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 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.
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 research - both primary and secondary. 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 the accurate market growth.