The global demand for Road Haulage Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Road haulage refers to the transport of goods by roads between suppliers and large consumer outlets, factories or warehouses. Goods are loaded into large trailers or carriages and hauled to different places. Trucks are the most flexible, responsive and economical mode of freight transport. This requires very few capital expenses and can give door to door service to all freight deliveries. They also benefit from flexibility, so the route and time can be easily altered. They have a lesser risk of damage in transit and are ideal for providing service in remote areas. This also reduces the total cost, saves packaging charges and offers higher speed.
Market Dynamics
The key factor driving the demand for the road haulage market is the increasing rate of automotive and transportation sectors. Growth in the global production of trucks is significantly contributing to the growth of this market. The rapid adoption of smartphones, increasing internet penetration and thriving global online retail industry is boosting the demand for the road haulage market. Moreover, continuous advancements in technology, including vehicle-to-vehicle communication, integrated supply chains, remote diagnostics, and autonomous, are anticipated to create new growth opportunities for this market. However, the massive shortage of heavy vehicle drivers and the high exposure of drivers to road traffic injuries can debilitate the demand for this market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of road haulage. The growth and trends of road haulage industry provide a holistic approach to this study.
Market Segmentation
This section of the road haulage market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- International Road Haulage
- Domestic Road Haulage
- Vehicle Type Outlook (Revenue, Usd Billion, 2014 - 2025)
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Application
- Mining & Construction
- Oil & Gas
- Food & Beverage
- Retail
- Manufacturing
- Healthcare
- Automotive
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Road Haulage market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Road Haulage Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the road haulage market include 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, UK Haulier. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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