Road haulage market is anticipated to grow at a CAGR of 5.5% during the forecast period. A significant rise in the global production of trucks is supplementing the rising freight demand from industries such as retail and manufacturing. Additionally, trucks are the most flexible, responsive, and economical mode of freight transport preferred by distributors for the transportation of a variety of goods, which is further propelling the market growth. There are various technological advancements such as vehicle-to-vehicle communication, integrated supply chains, remote diagnostics, and autonomous driving are transforming the logistics industry, which, in turn, is fueling the global demand for road haulage services. Governments have implemented policies to support the growth of the logistics industry, including deregulation and the reduction of trade barriers. For instance, in Europe, the Single Market Act was adopted in 2011, aimed at creating a seamless and integrated European market. This initiative has led to increased cross-border trade and created opportunities for road haulage companies to expand their operations. However, factors such as a massive shortage of heavy vehicle drivers and the high exposure of drivers to road traffic injuries are limiting the market growth. Moreover, the environmental impact of internal combustion engine emissions and the need to adhere to stringent emission norms are expected to challenge market growth.
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With the help of apparent insights depicted here into a wide range of product and service releases by key competitors in the market, novice players are able to position themselves in the vast market. It is an indispensable need to get detailed idea to track future business growth and this Road Haulage Market research report is the best medium to get that vision. It also aims at providing market environment along with covering complete market information. Road Haulage Market research report also enables business owners to have firm grasp over what consumers exactly expect, their future demands, wants and preferences by offering detailed customer related data. It further discusses about key market players and ongoing latest trends.
This informative yet easy to understand Road Haulage Market study report covers wide-ranging product launch wise latest trends, regulatory shifts and other important factors, which are expected to affect the overall industry growth for the approaching time span 2022-2028. It aims at providing detailed knowledge about what customers exactly want from which key players can make sound decision making for the growth of business. It also aims at measuring marketing effectiveness. SWOT Analysis technique is also employed to form the market research report to cover helpful opportunities, possible challenges and threats. Impact of new corona virus on the global economy is also shared in this Road Haulage Market report. Collaborations, mergers and acquisitions like strategies are also covered in this market study report.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Road Haulage Market by Type
- Domestic Road Haulage
- International Road Haulage
Global Road HaulageMarket by Vehicle Type
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
Global Road Haulage Market by Application
- Mining and Construction
- Oil and Gas
- Food and Beverage
- Retail
- Manufacturing
- Healthcare
- Automotive
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ArcBest Corp.
- DHL
- Estes Express Lines
- FedEx Corp.
- Gosselin Group
- B. Hunt Transport ,Inc.
- Knight Swift Transportation Holdings Inc.
- Landstar System, Inc.
- Marten Transport, Ltd.
- Monarch Transport Corp.
- A.M. Transportation Services Inc.
- Roadrunner Freight
- Schneider National, Inc.
- SLH Transport Inc.
- Swift Transportation
- UK Haulier
- Werner Enterprises
- XPO, Inc.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global road haulage market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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