Road Freight Transportation market will reach at US$6.45 Trillion by 2032, - key players- UPS, FedEx Freight, J.B. Hunt Transport Services, YRC Worldwide, Swift Transportation, Schneider National, ArcBest, Estes Express Lines

the global market for Road Freight Transportation estimated at US$3.8 Trillion in the year 2021, is projected to reach a revised size of US$6.45 Trillion by 2032, growing at a CAGR of 12.9% over the period 2021-2032

The Road Freight Transportation report is highly structured into a region-wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the market. The study helps understand how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR.

The Road Freight Transportation market in the U.S. is estimated at US$938.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$986 Billion by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

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The report provides a comprehensive analysis of company profiles listed below:

UPS, FedEx Freight, J.B. Hunt Transport Services, YRC Worldwide, Swift Transportation, Schneider National, ArcBest, Estes Express Lines

Road Freight Transportation Market Types:

Full Truckload, Less-Than-Truckload.

Road Freight Transportation Market Applications:

Domestic, International

The study report offers a comprehensive analysis of Road Freight Transportation Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Road Freight Transportation Market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Road Freight Transportation Market will be able to gain the upper hand as they use the report as a powerful resource.

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In terms of region, the road freight transport market can be segmented into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. Asia Pacific holds a prominent share of the global road freight transport market majorly due to surge in e-commerce and rise in population in the region. Additionally, the emerging economies in the region are witnessing expansion of transport routes and increasing volumes of materials and goods. This in turn is likely to fuel the road freight transport market during the forecast period. Upcoming infrastructure projects coupled with booming manufacturing and construction industries in Asia Pacific is another major factor that is anticipated to propel the road freight transport market in the region during the forecast period.

Prominent players operating in the global road freight transport market include Cargo Carriers Limited, DB SCHENKER, DHL Global Forwarding, KUEHNE + NAGEL, CJ Logistics Corporation, Kerry Logistics Network Limited, Nippon Express, TNT Express, CEVA Logistics, GEODIS, DSV, Overland Total Logistics Services (M) Sdn Bhd., and GEFCO.

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