Global Road Haulage Market Size is estimated to expand rapidly in coming years, at a CAGR of xx.xx % from 2018 to 2025. In 2017, the global market valuation was USD xx.xx billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The increasing supply for freight from sectors such as retail and manufacturing supplements a substantial increase in worldwide truck production. In addition, trucks are chosen by retailers for carrying a range from products as versatile, reactive and economical method of freight transport, which drives the development in the industry further. In addition, numerous advances, such as automotive communication, embedded supply chains; remote diagnostics and self-sufficient riding transform the logistics industry that, in turn, fuel the worldwide requirement for road transport facilities. This brings about the development of logistics industry.
The prosperous worldwide internet retail industry needs fast delivery shipments. New services demands such as direct shipments and a fresh category of logistics providers are emerging due to the development of the e-commerce sector. Thanks to the fast implementation of smart-phones and the increasing global Internet usage, the hopeful potential development opportunities for the e-commerce sector will probably contribute to enhanced highway freight supply in the close future. Moreover, development in the automotive and transport industries has mainly led to the market growth. Many e-commerce retail businesses invest heavily in constructing their logistics networks and in enhancing customer experience. In addition, increased industrialization and increased investment in package service optimization provide further opportunities for business development. In relation to these assets, increasing people are also pushing requirement for road transport over the forecast period and changes in housing preferential conditions.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global road haulage market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global road haulage market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Type Insights: On the basis of type, global road haulage market has been segmented into international road haulage, domestic road haulage. In 2018, the domestic road transportation sector dominated the market and represented the largest share. This may be ascribed to the increasing emphasis placed on securing the timely delivery of express parcels while improving operational efficiency. In comparison with global supplies, national supply is also more economical and therefore stimulates national transport market growth.
By Vehicle Type Insights: On the basis of vehicle type, global road haulage market has been segmented into light commercial vehicles, heavy commercial vehicles. During the forecast period, the section of light commercial vehicles is projected to record the CAGR. This is because the supply for local delivery facilities has risen, which require spreading housing and commercial areas that must be passed through by light-duty cars. Additionally, the operational efficiency of road haulage businesses is considerably enhanced by the improvements in-car technology such as enhanced fuel efficiency and better light truck reliability.
The global Asia Pacific competition represented the main impact on the global economy in 2018, and the greatest CAGR over the forecast period is also anticipated. The development of the highway infrastructure is certified and international investment is increasing in the region. In addition, in emerging nations such as India and China, the quickly increasing ecommerce sector continues to fuel requirement for efficient road transport facilities. The second-largest proportion of the general income distribution in 2018 was the domestic North American industry. At the close of the forecast period, the national markets are experiencing good development and will probably maintain a important market share. The national market's development opportunities are due to the growing amount and range of commercial operations together with the region's huge road network.
The road haulage market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
Global Road Haulage Market Size, Share Analysis by Region 2018
Global Road Haulage Market Study Objective
1. To forecast the market size of road haulage market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of road haulage market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of road haulage market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of road haulage market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the road haulage market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
CONCOR, Kindersley Transport Ltd., Gosselin Group, LKW WALTER International Transport organization AG, Monarch Transport, AM Cargo, Manitoulin Transport Inc., SLH Transport Inc., Woodside Logistics Group, and UK Haulier are some of the key players in the market of road haulage. Companies focus on incorporating technology in their transport facilities in order to improve their client base. Reduced shipping costs led to higher price competition among the main participants in this area.
Global Road Haulage Market Study Report Offer You!
The global road haulage market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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