The global road freight transportation market is forecast to grow at a CAGR of 7.0% between 2020 and 2025

Published Date: Jun, 2020

The global road freight transportation market is forecast to grow at a CAGR of 7.0% between 2020 and 2025

The improved economic status has led the individuals to demand more throughout the globe, furthermore the tax relaxations between the countries to improve economic relationship acts as a crucial factor for the growth of the global road freight transportation market. Furthermore, with the growing economies, there is a lot of construction witnessed in the metropolitan cities due to the increase in the migration of individuals from the backward areas to the more developed areas and also with growing import and export activities.

During the forecast period, the International classification is projected to witness the fastest road freight transportation market growth, on the basis of application

On the basis of application, road freight transportation market is sub divided into domestic and international. International segment is expected to witness highest CAGR during the forecast period as road transport are considered to be most flexible optional for expanding international business. The delivery of consignment by road offers private and secure and offers efficient and quick way to cross boundaries.

Global Road Freight Transportation Market Segmentation Analysis

Segment

Categorization

Leading Category

Product Type

Less-Than-Truckload, Full Truckload Market

Full Truckload Market (Fastest)

Application

Domestic, International

International (Fastest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Europe (Largest)

Asia-Pacific (Fastest)

Discover more about this report, Download Free Sample Copy of Road Freight Transportation Market

Geography Insight

Around the globe, Europe was the largest road freight transportation market in 2019. Due to the extensive tie ups undertaken by the region for trade with the emerging countries. Additionally, the emerging economies allow the market to grow at a promising rate with increase in import and export of goods.

Asia-Pacific is expected to witness highest CAGR during the forecast period. The growth of this market in this region is attributed towards emergence of the ecommerce market has led to a great expansion in the retail segment and has greatly affected this region.

Competitive Insight

Some of the key players operating in the global road freight transportation market include FedEx Freight, Kerry Logistics Network Limited, YRC Worldwide, UPS, Schneider National, J.B. Hunt Transport Services, Estes Express Lines, DSV, DHL Global Forwarding, Swift Transportation, Cargo Carriers Limited, ArcBest, CJ Logistics Corporation, TNT Express, DB SCHENKER, Nippon Express, CEVA Logistics, Overland Total Logistics Services (M) Sdn Bhd., GEODIS, and GEFCO.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2025

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2025

Segments Covered in the Study

Product Type, Application, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

FedEx Freight, Kerry Logistics Network Limited, YRC Worldwide, UPS, Schneider National, J.B. Hunt Transport Services, Estes Express Lines, DSV, DHL Global Forwarding, Swift Transportation, Cargo Carriers Limited, ArcBest, CJ Logistics Corporation, TNT Express, DB SCHENKER, Nippon Express, CEVA Logistics, Overland Total Logistics Services (M) Sdn Bhd., GEODIS, and GEFCO.

Global Road Freight Transportation Market Coverage

Product Type Insight and Forecast 2015 – 2025

  • Less-Than-Truckload
  • Full Truckload Market

Application Insight and Forecast 2015 – 2025

  • Domestic
  • International

Geographical Segmentation

Road Freight Transportation Market by Region

North America

  • By Product Type
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Product Type
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Product Type
  • By Application
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Product Type
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

Benefits of Report Purchase from VynZ:

We provide accurate data and in-depth analysis with all-inclusive coverage. We focus on robust research methodology and data triangulation to ensure high quality report. We believe in providing 24*7 analyst support to our client – Pre and post purchase of the report as well as during the project tenure.

We also offer 20% post purchase free customization in the study to meet your needs. Due. We claim full customer satisfaction as our core values lie in building long term relationship.

Our Industry
The global road freight transportation market is forecast to grow at a CAGR of 7.0% between 2020 and 2025