Global Road Haulage Market

Road Haulage Market Size, Share, Growth Analysis, By Application(retail, petroleum, defence, chemical), By Vehicle type(light trucks, medium trucks, heavy trucks, and other trucks), By Service(light haulage, container transport, refrigerated haulage, pallet haulage), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20V2003 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 95 | Figures: 76

Road Haulage Market Dynamics

Road Haulage Market Drivers

Growing Demand from Various End Users to Bolster Market Growth

  • Growing demand for road haulage in the manufacturing, construction, chemical, and other industries, as well as for efficient, safe, and quick road transportation. During the forecast period, these are the key aspects that are expected to drive the growth of the worldwide road haulage market. Other factors anticipated to boost the target market expansion include expanding automotive and transportation sectors, as well as an increase in the use of various transport vehicles such as trucks, vans, and lorries for the movement of products.
  • Increasing use of cutting-edge vehicles, logistical strategies, and transport and logistics procedures by road haulage service companies. There are more and more international transport service companies. The aforementioned are additional elements anticipated to spur the worldwide road haulage market's rise in the near future.

Road Haulage Market Restraints

Stringent Regulations to Hinder Market Growth

  • A number of significant issues, such as rising fuel prices, transportation strikes, and governmental regulations pertaining to logistics and transportation, are anticipated to restrain the growth of the global road haulage market.
  • Over the forecast period, factors including rising carbon emissions from the usage of diesel fuel in road transportation and an increase in traffic accidents worldwide are anticipated to restrain the market's expansion.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Road Haulage Market size was valued at USD 4295.64 billion in 2022 and is poised to grow from USD 4531.90 billion in 2023 to USD 6955.05 billion by 2031, growing at a CAGR of 5.50% during the forecast period (2024-2031).

Due to the existence of numerous well-established regional competitors, the market is extremely fragmented and is characterised by intense competition. To increase their consumer base, businesses are concentrating on integrating logistics technologies into their transportation services. Reduced delivery fees have prompted important participants in this industry to compete more fiercely on price. Businesses are concentrating on expanding their ability to transport goods, either through partnerships with third-party logistics service providers or through the introduction of cutting-edge delivery options. 'DHL International GmbH', 'FedEx Corporation', 'UPS Inc.', 'Ceva Logistics', 'DSV A/S', 'DB Schenker', 'Kuehne + Nagel International AG', 'XPO Logistics Inc.', 'Nippon Express Co. Ltd.', 'J.B. Hunt Transport Services Inc.', 'Swift Transportation Company', 'Schneider National Inc.', 'CH Robinson Worldwide Inc.', 'C.H. Guenther & Son Inc.', 'Werner Enterprises Inc.', 'YRC Worldwide Inc.', 'Penske Logistics', 'Ryder System Inc.', 'Knight Transportation Inc.', 'Old Dominion Freight Line Inc.'

Growing demand for road haulage in the manufacturing, construction, chemical, and other industries, as well as for efficient, safe, and quick road transportation. During the forecast period, these are the key aspects that are expected to drive the growth of the worldwide road haulage market. Other factors anticipated to boost the target market expansion include expanding automotive and transportation sectors, as well as an increase in the use of various transport vehicles such as trucks, vans, and lorries for the movement of products.

The market is anticipated to grow as a result of globalization. The road haulage industry is anticipated to grow as a result of new logistical techniques, innovative vehicles, and technological advancements. It is projected that the market will benefit significantly from the ongoing demand for bulk distribution, agricultural products, staple foods, and package delivery.

In terms of revenue throughout the anticipated period, the road haulage market in North America commands the market. Due to the increasing demand for container hauling, refrigerated hauling, and pallet hauling in these countries.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Road Haulage Market

Report ID: SQMIG20V2003

$5,300
BUY NOW GET FREE SAMPLE