Road Haulage Trends and Forecast
The future of the global road haulage market looks promising with opportunities in the mining & construction, oil & gas, food & beverage, retail, manufacturing, healthcare, and automotive markets. The global road haulage market is expected to reach an estimated $8.2 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are increasing demand for efficient and reliable transportation of goods, growing demand for fast and convenient delivery options require efficient last-mile delivery solutions, and rising demand for specialized transportation services, such as temperature-controlled transportation for perishable goods or oversized cargo transportation.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Road Haulage by Segment
The study includes a forecast for the global road haulage by type, vehicle type, application, and region.
Road Haulage Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• International Road Haulage
• Domestic Road Haulage
Road Haulage Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Road Haulage Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Mining & Construction
• Oil & Gas
• Food & Beverage
• Retail
• Manufacturing
• Healthcare
• Automotive
• Others
Road Haulage Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Road Haulage Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies road haulage companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the road haulage companies profiled in this report include-
• CONCOR
• Kindersley Transport
• Gosselin Group
• LKW WALTER International Transport organization
• Monarch Transport
• AM Cargo
• Manitoulin Transport
• SLH Transport
• Woodside Logistics Group
• UK Haulier
Road Haulage Market Insights
Lucintel forecasts that domestic road haulage will remain the larger segment over the forecast period due to the rising focus on improving operational efficiency and guaranteeing prompt delivery of express goods.
Within this market, food & beverage will remain the largest segment due to growing consumer demand for goods that are perishable, such fruits and vegetables around the globe.
APAC will remain the largest region over the forecast period due to the enhanced regional road networks and an increase in foreign investment, as well as, rapidly expanding e-commerce market in emerging nations like China and India.
Features of the Global Road Haulage Market
Market Size Estimates: Road haulage market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Road haulage market size by type, vehicle type, application, and region in terms of value ($B).
Regional Analysis: Road haulage market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, vehicle type, application, and regions for the road haulage market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the road haulage market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the road haulage market size?
Answer: The global road haulage market is expected to reach an estimated $8.2 billion by 2030.
Q2. What is the growth forecast for road haulage market?
Answer: The global road haulage market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the road haulage market?
Answer: The major drivers for this market are increasing demand for efficient and reliable transportation of goods, growing demand for fast and convenient delivery options require efficient last-mile delivery solutions, and rising demand for specialized transportation services, such as temperature-controlled transportation for perishable goods or oversized cargo transportation.
Q4. What are the major segments for road haulage market?
Answer: The future of the global road haulage market looks promising with opportunities in the mining & construction, oil & gas, food & beverage, retail, manufacturing, healthcare, and automotive markets.
Q5. Who are the key road haulage market companies?
Answer: Some of the key road haulage companies are as follows:
• CONCOR
• Kindersley Transport
• Gosselin Group
• LKW WALTER International Transport organization
• Monarch Transport
• AM Cargo
• Manitoulin Transport
• SLH Transport
• Woodside Logistics Group
• UK Haulier
Q6. Which road haulage market segment will be the largest in future?
Answer: Lucintel forecasts that domestic road haulage will remain the larger segment over the forecast period due to the rising focus on improving operational efficiency and guaranteeing prompt delivery of express goods.
Q7. In road haulage market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the enhanced regional road networks and an increase in foreign investment, as well as, rapidly expanding e-commerce market in emerging nations like China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the road haulage market by type (international road haulage and domestic road haulage), vehicle type (light commercial vehicles and heavy commercial vehicles), application (mining & construction, oil & gas, food & beverage, retail, manufacturing, healthcare, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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