The road freight transport market is poised for substantial growth, with a projected increase of USD 130.56 billion from 2022 to 2027, as per Technavio’s latest market study, showcasing a robust Compound Annual Growth Rate (CAGR) of 6.03%. This comprehensive analysis includes historical data spanning from 2017 to 2021, with the market valued at USD 312.15 billion in 2017.
Technavio’s in-depth examination involves the scrutiny of 15 major vendors, such as AlkomTrans, Cargo Carriers Ltd., CEVA Logistics AG, CJ Logistics Corp., Deutsche Bahn AG, Deutsche Post AG, DSV AS, FedEx Corp., Fercam Spa, First European Logistics Ltd., Ital Logistics Ltd., J.B. Hunt Transport Services Inc., Kerry Logistics Network Ltd., KLG Europe, Kuehne and Nagel International AG, NGL Gondrand Group SA, Nippon Express Holdings Inc., Overland Total Logistics Services Sdn. Bhd., SNCF Group, and Yellow Corp.
The driving forces behind this market surge include the exponential growth in the e-commerce industry, an upswing in retail sales in the Asia-Pacific (APAC) region, and the escalating volumes of cross-border trade. To provide a comprehensive understanding, the report furnishes charts and data tables covering market and segment sizes for the preceding five years (2017-2021). Stakeholders can gain valuable insights by downloading the sample report, setting the stage for a transformative era in the global road freight transport market.
Technavio proudly presents its latest market research report titled “Global Road Freight Transport Market 2023-2027,” offering an in-depth exploration of the industry’s trajectory. The report reiterates the significance of 15 major vendors and underscores the transformative potential that lies ahead for the road freight transport sector on a global scale.
Advantages for Industry Participants and Stakeholders:
- Comprehensive Insight into Vendor Contributions:
- The report outlines the significance of vendor inputs, encompassing R&D, CAPEX, and technology, providing a holistic view of their critical role in the industry.
- In-Depth Examination of Market Competition:
- Detailed analyses of the competitive landscape and vendors’ product offerings offer valuable insights into market dynamics, aiding industry players in strategic decision-making.
- Qualitative and Quantitative Vendor Analysis:
- The report delivers both qualitative and quantitative analyses of vendors, enabling clients to grasp the broader business environment. It sheds light on the strengths and weaknesses of key market players, categorizing vendors based on play type (pure play, category-focused, industry-focused, and diversified) and market standing (dominant, leading, strong, tentative, and weak).
Understanding the Customer Landscape – Technavio’s Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Behavior, Adoption Rates, and Purchase Criteria
Price sensitivity is a pivotal element within the customer landscape, and a thorough analysis can empower companies to fine-tune marketing strategies, gaining a competitive edge.
Examining price sensitivity drivers, such as undifferentiated purchases, purchases as a significant cost to buyers, and scenarios where quality is not a primary consideration, reveals a spectrum ranging from LOW to HIGH.
Additionally, the report encompasses comprehensive insights into market adoption rates across all regions.
The market is categorized based on vehicle types (medium, heavy commercial vehicles, and light commercial vehicles), end-users (manufacturing, automotive, consumer goods, food and beverage, and others), and geographical regions (APAC, North America, Europe, Middle East and Africa, and South America).
Vehicle Type Segmentation (Inclusion/Exclusion)
Anticipated substantial growth is forecasted for the medium vehicle segment throughout the projected period. This segment primarily involves the transportation of goods via surface transport carriers like trucks and trailers. Notably, the use of refrigerated trucks for transporting temperature-sensitive products contributes significantly to the revenue generated within this sector.
What Key Data Does This Road Freight Transport Market Report Encompass?
- Compound Annual Growth Rate (CAGR) throughout the Forecast Period
- Detailed Insights into Factors Propelling the Road Freight Transport Market Growth from 2023 to 2027
- Precise Estimation of Market Size and its Contribution, Focusing on the Parent Market
- Accurate Predictions on Emerging Trends and Shifts in Consumer Behavior
- Industry Growth Analysis across APAC, North America, Europe, Middle East and Africa, and South America
- Thorough Examination of the Market’s Competitive Landscape with Vendor Details
- Comprehensive Analysis of Factors Posing Challenges to Road Freight Transport Market Growth
- Related Reports:a. The Less-than-Truckload (LTL) Market, projected to grow at a CAGR of 7% from 2022 to 2027, with an estimated increase of USD 103.05 billion. b. The Truck-as-a-Service Market, estimated to grow at a CAGR of 17.76% from 2022 to 2027, with a forecasted increase of USD 18,499.77 million.
Table of Contents (TOC):
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by Vehicle Type
- Market Segmentation by End-User
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Company Landscape
- Company Analysis
- Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.