Market Overview:
The global road freight transport market is estimated to be valued at US$ 1,023.8 Bn by 2030 and is projected to register a CAGR of 5.1% during the forecast period (2018-2030). The market growth can be attributed to the increasing demand for goods and services across the globe, coupled with the rising need for efficient transportation systems. Based on type, the global road freight transport market has been segmented into full truckload and less-than-truckload. The full truckload segment is expected to account for a major share of the global market in terms of revenue in 2018. This can be attributed to its high efficiency as compared to other modes of transportation such as rail or air cargo.
Product Definition:
Road freight transport is the transportation of goods by road. Road freight transport plays a very important role in the economy of any country. It helps to move goods and commodities between different parts of the country quickly and efficiently.
Full Truckload:
Full truckload (FTL) is a term used for freight that is transported in a vehicle that can carry the load of 25-40 tons. It's primary function in road freight transport industry is to deliver bulk commodities such as food, consumer goods, and industrial products. Full truckload transportation has become an essential part of global supply chain management due to its ability to transport huge loads over long distances at lower costs than other modes.
Less-Than-Truckload:
The less-than-truckload (LTL) segment is a part of the logistics industry, which consists of the transportation of goods in a vehicle that carries fewer than 16 tons. The LTL freight transport market has been witnessing significant growth over the past few years owing to an increase in global trade and rapid economic development. Moreover, growing e-commerce activities across various countries have also contributed significantly towards market growth.
Application Insights:
The international road freight transport application segment accounted for the largest share of more than 60.0% in 2017. The growth can be attributed to the growing trade between countries, which has resulted in an increased demand for logistics services such as transportation and warehousing. Logistics companies are focusing on expanding their presence across major markets worldwide to gain a competitive edge over their rivals by offering efficient and cost-effective solutions for overseas shipment delivery.
The domestic segment is expected to register a significant CAGR of XX% from 2018 to 2030 owing to rising industrialization, population expansion, urbanization along with other factors that are increasing the need for road transportation within cities and townships across various regions worldwide including North America, Europe & Middle East & Africa, Asia Pacific and Latin America among others.
Regional Analysis:
Asia Pacific dominated the global road freight transport market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing trade activities and growing industrialization across emerging economies such as China and India. Moreover, improving economic conditions in these countries are anticipated to fuel industry growth over the coming years.
The Asia Pacific regional market accounted for a share of more than 30% of total revenue in 2017 owing to high demand from industries including manufacturing, automotive, e-commerce etc., which require efficient logistics services at low cost throughout Asia Pacific region.
Growth Factors:
- Increasing demand for goods transportation due to globalization and urbanization
- Development of multimodal transport infrastructure
- Proliferation of e-commerce and the growth of last mile delivery services
- Rising fuel prices and environmental concerns driving the adoption of alternative fuels/vehicles
- Growing demand for temperature-controlled freight transport
Scope Of The Report
Report Attributes
Report Details
Report Title
Road Freight Transport Market Research Report
By Type
Full Truckload, Less-Than-Truckload
By Application
Domestic, International
By Companies
UPS, FedEx Freight, J.B. Hunt Transport Services, YRC Worldwide, Swift Transportation, Schneider National, ArcBest, Estes Express Lines
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Road Freight Transport Market Report Segments:
The global Road Freight Transport market is segmented on the basis of:
Types
Full Truckload, Less-Than-Truckload
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Domestic, International
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- UPS
- FedEx Freight
- J.B. Hunt Transport Services
- YRC Worldwide
- Swift Transportation
- Schneider National
- ArcBest
- Estes Express Lines
Highlights of The Road Freight Transport Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Full Truckload
- Less-Than-Truckload
- By Application:
- Domestic
- International
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Road Freight Transport Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Road freight transport is the movement of goods by road. Goods are transported from one place to another using trucks, trailers, and other vehicles.
Some of the key players operating in the road freight transport market are UPS, FedEx Freight, J.B. Hunt Transport Services, YRC Worldwide, Swift Transportation, Schneider National, ArcBest, Estes Express Lines.
The road freight transport market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Road Freight Transport Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Road Freight Transport Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Road Freight Transport Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Road Freight Transport Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Road Freight Transport Market Size & Forecast, 2020-2028
4.5.1 Road Freight Transport Market Size and Y-o-Y Growth
4.5.2 Road Freight Transport Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Full Truckload
5.2.2 Less-Than-Truckload
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Domestic
6.2.2 International
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Road Freight Transport Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Road Freight Transport Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Full Truckload
9.6.2 Less-Than-Truckload
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Domestic
9.10.2 International
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Full Truckload
10.6.2 Less-Than-Truckload
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Domestic
10.10.2 International
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Full Truckload
11.6.2 Less-Than-Truckload
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Domestic
11.10.2 International
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Full Truckload
12.6.2 Less-Than-Truckload
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Domestic
12.10.2 International
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Full Truckload
13.6.2 Less-Than-Truckload
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Domestic
13.10.2 International
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Road Freight Transport Market: Competitive Dashboard
14.2 Global Road Freight Transport Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 UPS
14.3.2 FedEx Freight
14.3.3 J.B. Hunt Transport Services
14.3.4 YRC Worldwide
14.3.5 Swift Transportation
14.3.6 Schneider National
14.3.7 ArcBest
14.3.8 Estes Express Lines
