Road Haulage Market
Road Haulage Market Size, Share & Trends Analysis Report by Type (Domestic Road Haulage, and International Road Haulage), by Vehicle Type (Light Commercial Vehicles and Heavy Commercial Vehicles), by Application (Mining and Construction, Oil and Gas, Food and Beverage, Retail, Manufacturing, Healthcare, Automotive) Forecast Period (2023-2030)
Road haulage market is anticipated to grow at a CAGR of 5.5% during the forecast period. A significant rise in the global production of trucks is supplementing the rising freight demand from industries such as retail and manufacturing. Additionally, trucks are the most flexible, responsive, and economical mode of freight transport preferred by distributors for the transportation of a variety of goods, which is further propelling the market growth. There are various technological advancements such as vehicle-to-vehicle communication, integrated supply chains, remote diagnostics, and autonomous driving are transforming the logistics industry, which, in turn, is fueling the global demand for road haulage services. Governments have implemented policies to support the growth of the logistics industry, including deregulation and the reduction of trade barriers. For instance, in Europe, the Single Market Act was adopted in 2011, aimed at creating a seamless and integrated European market. This initiative has led to increased cross-border trade and created opportunities for road haulage companies to expand their operations. However, factors such as a massive shortage of heavy vehicle drivers and the high exposure of drivers to road traffic injuries are limiting the market growth. Moreover, the environmental impact of internal combustion engine emissions and the need to adhere to stringent emission norms are expected to challenge market growth.
Segmental Outlook
The global road haulage market is segmented based on type, vehicle type, and application. Based on type, the market is bifurcated into domestic road haulage and international road haulage. By vehicle type, the market is bifurcated into light commercial vehicles and heavy commercial vehicles. Further, by application, the market is sub-segmented into mining and construction, oil and gas, food and beverage, retail, manufacturing, healthcare and automotive. Among these, the food & beverage sub-segment accounted for the dominant share of the market during the forecast period. This can be attributed to the rising demand for perishables such as fruits, vegetables, and other commodities around the globe.
Domestic Road Haulage Sub-Segment is Anticipated to Hold Prominent Share in the Global Road Haulage Market
The growth is attributed to the growing emphasis on ensuring that express parcels are timely delivered while enhancing operational efficiency. Also, domestic deliveries are more economical as compared to international deliveries, thereby spurring the growth of the domestic road haulage market segment. International trade among countries is expanding at a rapid rate owing to growing road infrastructure and technological advancements such as GPS tracking in the logistics industry. Furthermore, relaxation in taxation & import duties and flexible cost structures of transportation services are further fueling the international road haulage segment. Furthermore, growing trade activities due to increased consumer demand and a vast trucking network globally are further fueling the growth of the segment.
Regional Outlook
The global road haulage market is further segmented based on geography including North America (the US and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).Among these, the North American region is projected to expand at a significant CAGR during the forecast period, due to growing commercial activity in the region, as well as the extensive roadway network.
Global Road Haulage Market Growth, by Region 2023-2030
The Asia-Pacific Region is Anticipated to Hold a Significant Share of the Global Road Haulage Market
The road haulage market in the Asia-Pacific region has witnessed significant growth in recent years, driven by several factors, including government initiatives and investments, improving infrastructure, and increasing demand for goods transportation. The development of road infrastructure is one of the crucial drivers of the road haulage market in the Asia-Pacific region. Governments in the region have been investing heavily in building and upgrading highways and roads to improve connectivity and reduce transportation costs. For instance, in the union budget 2022-23 the Indian government has given a massive push to the infrastructure sector by allocating $130.5 billion to enhance the infrastructure sector. The government allocated $17.2 billion to the National Highways Authority of India (NHAI) and it also announced an outlay of $7.7 billion for the Ministry of Road Transport and Highways.
Government initiatives and policies have also played a significant role in driving the growth of the road haulage market in the Asia-Pacific region. Governments in the region have been taking measures to promote the development of the logistics industry, such as reducing transportation costs, improving customs clearance processes, and streamlining regulatory procedures. For example, in 2017, the Chinese government launched the "One Belt One Road" initiative, which aims to improve connectivity and trade between Asia and Europe by building new infrastructure, including roads, railways, and ports.
Market Players Outlook
The major companies serving the global road haulage market include Kindersley Transport Ltd., Manitoulin Transport Inc., Woodside Logistics Group and Container Corp. of India Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, funding, collaborations, and new product launches to stay competitive in the market. For instance, in February 2023, Volvo Trucks launched biogas powered truck for reducing carbon dioxide (CO2) during long-distance transportation. Moreover, the biogas-powered trucks, Volvo FM and Volvo FH will get a new power level of 500 hp engines along with key engine upgrades, thereby helping these trucks to become more fuel efficient.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global road haulage market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. A-M Cargo
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Concor (Container Corp. of India Ltd.)
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Kindersley Transport Ltd.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Manitoulin Transport Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Woodside Logistics Group
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Road Haulage Market by Type
4.1.1. Domestic Road Haulage
4.1.2. International Road Haulage
4.2. Global Road HaulageMarket by Vehicle Type
4.2.1. Light Commercial Vehicles (LCVs)
4.2.2. Heavy Commercial Vehicles (HCVs)
4.3. Global Road Haulage Market by Application
4.3.1. Mining and Construction
4.3.2. Oil and Gas
4.3.3. Food and Beverage
4.3.4. Retail
4.3.5. Manufacturing
4.3.6. Healthcare
4.3.7. Automotive
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ArcBest Corp.
6.2. DHL
6.3. Estes Express Lines
6.4. FedEx Corp.
6.5. Gosselin Group
6.6. J.B. Hunt Transport ,Inc.
6.7. Knight Swift Transportation Holdings Inc.
6.8. Landstar System, Inc.
6.9. Marten Transport, Ltd.
6.10. Monarch Transport Corp.
6.11. P.A.M. Transportation Services Inc.
6.12. Roadrunner Freight
6.13. Schneider National, Inc.
6.14. SLH Transport Inc.
6.15. Swift Transportation
6.16. UK Haulier
6.17. Werner Enterprises
6.18. XPO, Inc.
1. GLOBAL ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
2. GLOBAL DOMESTIC ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL INTERNATIONAL ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
5. GLOBAL ROAD HAULAGE FOR LIGHT COMMERCIAL VEHICLES (LCVS)MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL ROAD HAULAGE FOR HEAVY COMMERCIAL VEHICLES(HCVS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
8. GLOBAL ROAD HAULAGE IN MINING AND CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL ROAD HAULAGE IN OIL AND GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL ROAD HAULAGE IN FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL ROAD HAULAGE IN RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL ROAD HAULAGE IN MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL ROAD HAULAGE IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL ROAD HAULAGE IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL ROAD HAULAGE IN OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. NORTH AMERICAN ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
18. NORTH AMERICAN ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
19. NORTH AMERICAN ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
20. NORTH AMERICAN ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
21. EUROPEAN ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
22. EUROPEAN ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
23. EUROPEAN ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
24. EUROPEAN ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
25. ASIA-PACIFIC ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
26. ASIA-PACIFIC ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
27. ASIA-PACIFIC ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
28. ASIA-PACIFIC ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
29. REST OF THE WORLD ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
30. REST OF THE WORLD ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
31. REST OF THE WORLD ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
32. REST OF THE WORLD ROAD HAULAGE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
1. GLOBAL ROAD HAULAGE MARKET SHARE BY TYPE, 2022 VS 2030 (%)
2. GLOBAL DOMESTIC ROAD HAULAGE MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL INTERNATIONAL ROAD HAULAGE MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL ROAD HAULAGE MARKET SHARE BY VEHICLE TYPE, 2022 VS 2030 (%)
5. GLOBAL ROAD HAULAGE FOR LIGHT COMMERCIAL VEHICLES MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL ROAD HAULAGE FOR HEAVY COMMERCIAL VEHICLES MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL ROAD HAULAGE MARKET SHARE BY APPLICATION, 2022 VS 2030 (%)
8. GLOBAL ROAD HAULAGE IN MINING AND CONSTRUCTION MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL ROAD HAULAGE IN OIL AND GAS MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL ROAD HAULAGE IN FOOD AND BEVERAGE MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL ROAD HAULAGE IN RETAIL MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL ROAD HAULAGE IN MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL ROAD HAULAGE IN HEALTHCARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL ROAD HAULAGE IN AUTOMOTIVE MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL ROAD HAULAGE IN OTHER APPLICATIONS MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL ROAD HAULAGE MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. US ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
18. CANADA ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
19. UK ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
20. FRANCE ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
21. GERMANY ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
22. ITALY ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
23. SPAIN ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
24. REST OF EUROPE ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
25. INDIA ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
26. CHINA ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
27. JAPAN ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
28. SOUTH KOREA ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
29. REST OF ASIA-PACIFIC ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
30. REST OF THE WORLD ROAD HAULAGE MARKET SIZE, 2022-2030($ MILLION)
