Market Overview:
The global road freight transportation 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 from 2018 to 2030. The market growth can be attributed to the increasing demand for goods and services across the globe, coupled with the rising trend of online shopping. In terms of type, the global road freight transportation market has been segmented into full truckload and less-than-truckload (LTL). The full truckload segment is expected to account for a major share in terms of revenue in 2018 and is anticipated to maintain its dominance throughout the forecast period. This can be attributed to increased demand for goods that require complete truckloads for transport as it offers economies of scale benefits over LTL shipments. In terms of application, domestic transportation accounted for a majority share in 2017.
Product Definition:
Road freight transportation is the process of transporting goods and materials by road. Road freight transportation is vital to the economy, as it allows businesses to transport goods and materials to consumers and other businesses.
Full Truckload:
Full truckload (FTL) is a term used for freight that is transported in a vehicle that can carry the load of at least eight tons. The FTL market has been growing significantly owing to its benefits such as cost efficiency, flexibility and safety. Full truckload transportation services are utilized by companies who have low or high volume requirements and need to transport their goods at regular intervals.
Less-Than-Truckload:
The less-than-truckload (LTL) segment is one of the most attractive segments in the road freight transportation market. The primary factor responsible for this attractiveness is due to low cost as compared to a truckload. Also, less than truck load offers flexibility in terms of loading and offloading at any destination, unlike a truck which has fixed beds with lengths depending upon its dimensions.
Application Insights:
The international road freight transportation market is segmented by application into domestic and international. The domestic segment held the largest share of over 70% in 2017. It can be attributed to the large number of trucks operating within a country, such as India, China and Australia. International road freight transportation involves transport of goods from one country to another through border gates across different countries. This process requires coordination among various parties including governments, railways, shipping companies and transport agencies for smooth flow of traffic on roads across borders.
The less-than-truckload (LTL) segment is anticipated to witness significant growth over the forecast period owing to its use in intra-European trade as well as cross-border trade between India and Bangladesh known as transboundary movement of LTL cargo or truckload shipment across two or more countries.
Regional Analysis:
Asia Pacific dominated the global road freight transportation market in 2017. The region is expected to maintain its lead over the forecast period as well, owing to increasing trade activities and investments between countries. Countries such as China and India are among the largest consumers of international road freight shipments, which can be attributed to their rapidly developing economies and expanding middle-class population groups.
The European market is anticipated to grow at a significant rate over the forecast period due to rising demand for intermodal transport services in Europe. Moreover, government initiatives encouraging private investment in infrastructure development are likely to boost regional growth prospects over the coming years. North America accounted for around 18% of total revenue share in 2017 on account of growing trade activities across all major economic sectors including manufacturing, energy & utilities, consumer goods & services among others since 2010s (decade).
Growth Factors:
- Increasing demand for goods transportation due to globalization and urbanization
- Development of multimodal transport systems
- Proliferation of e-commerce and the growth of last mile delivery services
- Expansion of road freight infrastructure in developing countries
- Growing demand for temperature-controlled cargo transportation
Scope Of The Report
Report Attributes
Report Details
Report Title
Road Freight Transportation 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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Road Freight Transportation Market Report Segments:
The global Road Freight Transportation 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 Transportation 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 Transportation 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.
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- 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 transportation is the movement of goods by road. Goods are transported from one point to another by truck, train, or ship.
Some of the major companies in the road freight transportation market are UPS, FedEx Freight, J.B. Hunt Transport Services, YRC Worldwide, Swift Transportation, Schneider National, ArcBest, Estes Express Lines.
The road freight transportation market is expected to grow at a compound annual growth rate of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Road Freight Transportation 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 Transportation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Road Freight Transportation 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 Transportation 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 Transportation Market Size & Forecast, 2020-2028
4.5.1 Road Freight Transportation Market Size and Y-o-Y Growth
4.5.2 Road Freight Transportation 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 Transportation 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 Transportation 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 Transportation Market: Competitive Dashboard
14.2 Global Road Freight Transportation 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
