According to TechSci Research report, “Road Haulage Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Road Haulage Market stood at USD 8.89 billion in 2022 and is anticipated to grow with a CAGR of 6.19% in the forecast period. Urbanization and population growth are key drivers of the global road haulage market. As more people migrate to urban areas and the global population continues to expand, there is an increasing demand for the movement of goods to support urban living and consumer needs. Here’s how these factors drive the road haulage market.
Urbanization Impact such as, Urban dwellers tend to rely more on purchased goods and services, including food, clothing, and electronics, leading to a higher volume of goods requiring transport to urban centers. Urban areas require efficient distribution networks to stock stores, restaurants, and businesses. Road haulage companies play a central role in ensuring a continuous flow of goods to meet the needs of urban populations. The concentration of consumers in urban areas intensifies the demand for last-mile delivery services, with road haulage companies delivering packages directly to homes and businesses.
Technological advancements in fleet management and transportation logistics have become significant drivers of the global road haulage market. The adoption of advanced technologies is transforming the industry and enhancing its efficiency and competitiveness. Technological Impact such as Road haulage companies are increasingly using telematics and GPS systems to track and monitor vehicles in real-time. This technology enables optimized route planning, fuel efficiency improvements, and enhanced safety. Advanced data analytics tools provide valuable insights into fleet performance, allowing companies to make data-driven decisions, predict maintenance needs, and optimize their operations.
Automation technologies, including autonomous vehicles and driver assistance systems, have the potential to improve safety and reduce labor costs in the long term, making the road haulage industry more efficient and competitive. Technology is driving the adoption of greener practices, such as electric and hybrid vehicles, reducing the environmental impact of road haulage operations..
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The Global Road Haulage Market is segmented into type, Vehicle type, end user, and region.
Based on Vehicle type, The Heavy Commercial Vehicles (HCVs) segment had the largest market share in 2022 & expected to maintain in the forecast period. Heavy Commercial Vehicles, commonly referred to as HCVs, play a pivotal role in the global road haulage market. These vehicles are the workhorses of the industry, designed to transport substantial quantities of goods over long distances. HCVs encompass a wide range of vehicles, including tractor-trailers (commonly known as semi-trucks or articulated lorries), rigid trucks, and specialized vehicles like tankers and flatbeds.
The availability of various HCV types allows road haulage companies to select the most suitable vehicle for specific cargo and route requirements, enhancing operational flexibility. HCVs are known for their substantial cargo capacity, capable of carrying large volumes of goods, both in terms of weight and volume. The high payload capacity of HCVs is essential for the cost-effective transportation of goods in bulk, such as raw materials, manufactured products, and retail merchandise. This capability is especially valuable in industries like construction, agriculture, and heavy manufacturing.
Based on end users, The Food Beverages segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. The food and beverage industry is a significant player in the global road haulage market, relying heavily on efficient transportation networks to move raw materials, ingredients, and finished products. The food and beverage industry is a significant player in the global road haulage market, relying heavily on efficient transportation networks to move raw materials, ingredients, and finished products. The food and beverage industry often necessitates temperature-controlled transport to preserve the freshness and quality of products. Refrigerated trucks, commonly known as reefer trucks, are essential for this purpose.
Reefer trucks enable the safe transportation of perishable goods such as fruits, vegetables, dairy products, and frozen foods. They play a critical role in maintaining the integrity of the supply chain and ensuring that consumers receive safe and high-quality food products. The food and beverage sector frequently relies on just-in-time (JIT) delivery to minimize inventory holding costs and reduce food waste. Road haulage companies specializing in JIT deliveries play a vital role in ensuring that food products reach retailers and restaurants on schedule, optimizing supply chain efficiency, and reducing excess inventory.
Major companies operating in the Global Road Haulage Market are:
- Deutsche Post AG
- Kuehne + Nagel International AG
- Schenker AG
- United Parcel Service, Inc.
- FedEx Corporation
- Ceva Logistics SA
- Panalpina Welttransport Holding AG
- Nippon Express Co., Ltd.
- CMA CGM Group
- Expeditors International
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“The Global Road Haulage market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. Economic growth serves as a primary driver of the Road Haulage market. As economies expand, so do the production and distribution of goods. This necessitates a robust and flexible transportation network, with road haulage playing a central role. Growing economies lead to increased manufacturing, consumer spending, and international trade, all of which generate higher demand for the movement of goods. Road haulage is pivotal in transporting raw materials to manufacturing plants, delivering finished products to retailers, and facilitating international trade by transporting goods to ports and border crossings.
Additionally, economic growth spurs construction and infrastructure development, further increasing the need for road haulage services to transport construction materials and equipment. In essence, the Road Haulage market closely mirrors the trajectory of economic growth, expanding and adapting to meet the escalating demand for the efficient movement of goods, both domestically and across borders, making it an indispensable component of the global supply chain. Therefore, the market of Road Haulage is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Road Haulage Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (International Road Haulage, Domestic Road Haulage), By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles) By End User (Mining Construction, Oil Gas, Food Beverages, Retail, Manufacturing, Healthcare, Automotive, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Road Haulage Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Road Haulage Market.
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Table of Content-Road Haulage Market
- Product Overview
- Research Methodology
- Executive Summary
- Voice of Customer
- Global Road Haulage Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (International Road Haulage, Domestic Road Haulage),
5.2.2. By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles)
5.2.3. By End User (Mining Construction, Oil Gas, Food Beverages, Retail, Manufacturing, Healthcare, Automotive, Others)
5.2.4. By Region
5.2.5. By Company (2022)
5.3. Market Map
- North America Road Haulage Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Vehicle Type
6.2.3. By End User
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Road Haulage Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By Vehicle Type
6.3.1.2.3. By End User
6.3.2. Canada Road Haulage Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By Vehicle Type
6.3.2.2.3. By End User
6.3.3. Mexico Road Haulage Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type
6.3.3.2.2. By Vehicle Type
6.3.3.2.3. By End User