Road Freight Transportation Market: By Destination, By Product Type, By End User, By Containerization, By Truckload Specification, By Distance, and Geography
Road Freight Transportation Market: By Destination, By Product Type, By End User, By Containerization, By Truckload Specification, By Distance, and Geography
Road freight transportation market size was valued at US$ 45,926.9 million in 2022 and is expected to grow at 11.2% CAGR from 2023 to 2029. The transportation of products from one place to another by road network using a motor vehicle is road freight transportation. Road freight is a cost-effective mode of transportation due to its low-cost transport gear and high utilization of existing infrastructure. As the road infrastructure is allowed anytime, without a previous reservation or registration, even spontaneous requested transportation is frequently carried out using trucks.
Growing bilateral trades across the globe, growing industrialization, and Increasing demand for inland transportation for logistics is expected to drive the growth of the road freight transportation market. In addition, increasing imports and exports of goods across the globe, low cost of transportation, easy convenience, and flexibility of road transport are expected to boost the growth of the road freight transportation market over the forecast period. Furthermore, growing e-commerce businesses & entrepreneurial ventures, the rapid advancement of technology, and the growing role of e-tailing are expected to further trigger the growth of the road freight transportation market over the forecast period.
However, road conditions, weather, and traffic congestion along with long-distance transport are expected to hinder the growth of the road freight transportation market over the forecasted period. For instance, floods, snow, and rain make the roadways inaccessible. In these situations, the roads become dangerous for delivery owing to road accidents and breakdowns. Moreover, the use of blockchain in the road transport industry is an emerging trend in the road freight transportation market, Blockchain technology is a digital ledger linked to a list of blocks that stores data in a cryptographically secured and decentralized network. Geographically, the Asia Pacific region held the major market share in 2022 and is expected to dominate the global road freight transportation market in the forecasted years.
Study Period
2024-2030Base Year
2023CAGR
11.2%Largest Market
Asia PacificFastest Growing Market
North America
The road freight transportation market is expected to grow over the forecasted period due to growing industrialization, increasing imports and exports across the globe, and growing e-commerce businesses. The increasing industrialization is expected to increase the demand for inland transportation logistics. Road transport is cost-effective, flexible, and more convenient when compared to other modes of transport. Thus, surging the demand for road freight transportation. The pre-booking and reservation can be avoided, and spontaneous freights can be done on road freight transportation when compared to other modes.
The road freight transportation market is segmented based on regions into North America, Asia-pacific, Europe, Latin America, and the Middle East and Africa. Asia Pacific’s market is likely to hold a significant revenue share, and in the forecasted years, it is predicted to increase rapidly due to the huge population base and emerging economies in this region. In addition, favorable government regulations in countries like China and India regarding e-commerce and other businesses are expected to boost market growth in this region over the forecasted period. The North America road freight market is expected to have significant growth over the forecasted period due to growing businesses and industries in USA & Canada.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 45,926.9 million |
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Market CAGR |
11.2% |
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By Destination |
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By Product Type |
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By Containerization |
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By Truckload Specification |
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By Distance |
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By Region |
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The Road Freight Transportation market was valued at US$ 45,926.9 million in 2022.
The Road Freight Transportation market is segmented based on the destination, product type, end-user, containerization, truckload specification, distance, and geography.
The leading players in the global Road Freight Transportation market are Alkom-Trans SIA, Ital Logistics Ltd., DB Schenker, Kuehne & Nagel Inc, Fercam S.p.A., Gondrand Group, FedEx, Deutsche Post AG, FM Logistic, KLG Europe, First European Logistics Ltd, Maersk.
| 1. Executive Summary |
| 2. Global Road Freight Transportation Market Introduction |
| 2.1.Global Road Freight Transportation Market - Taxonomy |
| 2.2.Global Road Freight Transportation Market - Definitions |
| 2.2.1.Destination |
| 2.2.2.Product Type |
| 2.2.3.Containerization |
| 2.2.4.Truckload Specification |
| 2.2.5.Region |
| 3. Global Road Freight Transportation Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Road Freight Transportation Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Road Freight Transportation Market By Destination, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Domestic |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. International |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Road Freight Transportation Market By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Liquid Goods |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Solid Goods |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Road Freight Transportation Market By Containerization, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. Containerized |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Non- Containerized |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Road Freight Transportation Market By Truckload Specification, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Full Truckload |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Less Than Truckload |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9.Global Road Freight Transportation Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10. North America Road Freight Transportation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Destination Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Domestic |
| 10.1.2.International |
| 10.2. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Liquid Goods |
| 10.2.2.Solid Goods |
| 10.3. Containerization Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Containerized |
| 10.3.2.Non- Containerized |
| 10.4. Truckload Specification Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Full Truckload |
| 10.4.2.Less Than Truckload |
| 10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11. Europe Road Freight Transportation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Destination Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Domestic |
| 11.1.2.International |
| 11.2. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Liquid Goods |
| 11.2.2.Solid Goods |
| 11.3. Containerization Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Containerized |
| 11.3.2.Non- Containerized |
| 11.4. Truckload Specification Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Full Truckload |
| 11.4.2.Less Than Truckload |
| 11.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12. Asia Pacific (APAC) Road Freight Transportation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Destination Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Domestic |
| 12.1.2.International |
| 12.2. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Liquid Goods |
| 12.2.2.Solid Goods |
| 12.3. Containerization Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Containerized |
| 12.3.2.Non- Containerized |
| 12.4. Truckload Specification Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Full Truckload |
| 12.4.2.Less Than Truckload |
| 12.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13. Middle East and Africa (MEA) Road Freight Transportation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Destination Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Domestic |
| 13.1.2.International |
| 13.2. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Liquid Goods |
| 13.2.2.Solid Goods |
| 13.3. Containerization Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Containerized |
| 13.3.2.Non- Containerized |
| 13.4. Truckload Specification Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Full Truckload |
| 13.4.2.Less Than Truckload |
| 13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14. Latin America Road Freight Transportation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 14.1. Destination Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Domestic |
| 14.1.2.International |
| 14.2. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Liquid Goods |
| 14.2.2.Solid Goods |
| 14.3. Containerization Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Containerized |
| 14.3.2.Non- Containerized |
| 14.4. Truckload Specification Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Full Truckload |
| 14.4.2.Less Than Truckload |
| 14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Alkom-Trans SIA |
| 15.2.2.Ital Logistics Ltd. |
| 15.2.3.DB Schenker |
| 15.2.4.Kuehne & Nagel, Inc |
| 15.2.5.Fercam S.p.A. |
| 15.2.6.Gondrand Group |
| 15.2.7.FedEx |
| 15.2.8.Deutsche Post AG |
| 15.2.9.FM Logistic |
| 15.2.10.KLG Europe |
| 15.2.11.First European Logistics Ltd. |
| 15.2.12.Maersk |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
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