Exclusive Report on Global Road Freight Market Growth Opportunity- Cargo Carriers Limited, DB SCHENKER, DHL global forwarding, KUEHNE + NAGEL

According to the report, the global Road Freight market size was valued at $3.25 trillion in 2020 and is expected to reach $4.17 trillion by 2028 growing at the CAGR of 2.89% from 2021 to 2028. The major drivers for the growth of the Global Road Freight Market are increasing e-commerce in the emerging economies, the growing freight traffic due to the growth of retail sales in the emerging economies, increasing freight volumes in emerging economies, growth of warehousing facilities in the emerging economies, the provision of subsidized freight rates by the government to boost exports & imports, increase in the share of refrigerated container shipments in total container shipments.

The market is hampered by the high fuel rate and shortage of drivers.

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The recently published research report on Global Road Freight Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Road Freight market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Road Freight market report also includes the following data points:
• COVID19 Impact on Road Freight market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Road Freight market

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Key Players
Some of the major Road Freight players holding high market share include Cargo Carriers Limited, DB SCHENKER, DHL global forwarding, KUEHNE + NAGEL. These players use partnership and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Cargo Carriers Limited
• DB SCHENKER
• DHL global forwarding
• KUEHNE + NAGEL
• CJ logistics corporation
• Kerry Logistics Network Limited
• Nippon Express
• TNT Express
• CEVA Logistics
• GEODIS

Segmental Analysis
Market Segment By Deployment with focus on market share, consumption trend, and growth rate of Road Freight Market:
o Cloud
o On-Premise

Market Segment By Component with focus on market share, consumption trend, and growth rate of Road Freight Market:
o Freight Transportation Cost Management
o Freight Security and Monitoring System
o Freight Mobility Solution
o Warehouse Management System
o Freight 3PL Solutions
o Other Solutions

Market Segment By End-use with a focus on market share, consumption trend, and growth rate of Road Freight Market:
o Aerospace and Defense
o Automotive
o Oil and Gas
o Consumer and Retail
o Energy and Power
o Other End Users

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Global Road Freight Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

Asia-Pacific holds the larger share in the market owing to the increase in e-commerce and global trade

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