Road Haulage Market Overview
As per an
Extensive Research Report by Market Research Future (MRFR), Road Haulage Market Information By Type, Vehicle
Type, End User, and Region - Forecast till 2032”,
The road haulage market might expand from USD 3340.9
Billion in 2023 to USD 5284.8 Billion by 2032, capturing a CAGR of 5.90% during
the study period (2023 - 2032)
The activity of
transporting goods by road is known as road haulage. A considerable increase in
global truck production has coincided with rising global demand for goods in
industries like manufacturing and retail. Trucks were the preferred mode of
freight transportation for distributors because they were the most flexible,
swift, and economical for moving a range of items.
Road transport
services are needed by many industries, including those in the mining and
construction, oil and gas, food and beverage, retail, manufacturing,
healthcare, and automotive sectors. Additionally, the rise of the industry has
been greatly facilitated by the growth of the automotive and transportation
sectors.
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of Road Haulage Market
Market
Competitive Landscape:
·
Manitoulin
Transport Inc.
·
Woodside
Logistics Group
·
SLH
Transport Inc.
·
Gosselin
Group
·
LKW
WALTER International Transport organization AG
·
AM
Cargo
·
Kindersley
Transport Ltd.
·
UK
Haulier
·
Monarch
Transport
·
CONCOR
Businesses
involved in road haulage put a lot of effort into integrating logistics
technology into their transportation services in order to expand their
customer. Due to the drop in freight prices, the pricing battle between the top
businesses in this sector has intensified. Companies in the road haulage
industry are putting a lot of effort into improving the client experience in
order to reduce the operational costs of road transport services.
GPS and
self-driving automobiles are examples of these technologies. A number of
technological developments, like autonomous driving, vehicle-to-vehicle
communication, and smart supply chains, are also revolutionizing the
transportation industry and driving greater demand for road haulage services
globally.
Market Drivers:
The desire for speedy,
safe, and efficient road transport is expected to cause the haulage sector to
grow quickly. The rise of the automotive and transportation industries has sped
up the growth of the haulage market. In addition, road transport businesses are
gradually using commercial vehicles, logistical systems, and distribution
techniques. In many countries, there are an increasing number of businesses
that provide transport services. Over the course of the forecast, these are a
few key factors that are projected to boost the growth of the global road
haulage market.
For the developing global
online retail business, quick parcel delivery is essential. Due to the
introduction of new service requirements, such as speedy delivery, the e-commerce
sector's growth has resulted in the emergence of a new class of logistics
providers. Due to growing smartphone use and expanded worldwide internet
penetration, it is anticipated that the e-commerce sector's exceptional future
growth potential will raise demand for road haulage during the projection
period.
Market Restraints:
Market growth shall be
impeded by the requirement to adhere to stringent emission rules, a severe
dearth of heavy-duty vehicle drivers, a rise in the price of fuel, and a high
risk of traffic accidents.
Market Segmentation
International road
haulage and domestic road haulage are two types of road haulage that are
segmented in the global market for road haulage. In 2022, the market was
dominated by domestic road haulage.
Light commercial
vehicles and heavy commercial vehicles are included in the market segmentation
for road haulage around the world.
The mining and construction, oil and gas, food and
beverage, retail, manufacturing, healthcare, automotive, and other end users
are included in the worldwide road haulage market segmentation by end user.
Road
Haulage Market Segmentation:
Road
haulage Type Outlook
- International
Road Haulage
- Domestic
Road Haulage
Road
haulage Vehicle Type Outlook
- Light
Commercial Vehicles
- Heavy
Commercial Vehicles
Road
haulage End User Outlook
- Mining
& Construction
- Oil &
Gas
- Food &
Beverages
- Retail
- Manufacturing
- Healthcare
- Automotive
- Others
Road
haulage Regional Outlook
Regional
Insights
North America is the most bankable
market, having acquired the highest in 2022 (45.80%). There are several
manufacturing facilities in both Mexico and the United States, including ones
for the aerospace, electronics, and automotive sectors. For the delivery of raw
materials, components, and completed goods to assembly lines and distribution centers,
efficient road haulage services are required.
The impressive expansion of the Asia
Pacific market can be credited to the expanding transportation network and the
surging foreign investment. Other than this, the development of effective road
transport infrastructure is being fueled by the quickly expanding e-commerce
sector in emerging economies like China and India.
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