Press release
Road Haulage Market to Witness Robust Expansion by 2029
The global road haulage market is anticipated to grow at a CAGR of 5.5% during the forecast period (2023-2030). Among the various factors that drive the road haulage market, fuel efficiency has emerged as the most critical one. The more efficient a vehicle is, the less fuel it consumes, which translates into lower costs for the haulage company and a reduced carbon footprint. Fuel costs can account for up to 30.0% of the total operating expenses of a road haulage company. Therefore, even a small improvement in fuel efficiency can result in significant cost savings. One of the most prominent examples of fuel efficiency driving the road haulage market is the adoption of hybrid and electric vehicles. In recent years, there has been a surge in the demand for electric and hybrid trucks, driven by increasing environmental concerns and the need to reduce fuel costs. For instance, the largest supermarket chain in the UK, Tesco, has pledged to switch its entire fleet of delivery trucks to electric by 2028. Similarly, companies like UPS and FedEx have also invested in electric and hybrid vehicles, with UPS planning to have 25.0% of its fleet running on alternative fuels by 2025.The road haulage market is the introduction of emission regulations. Governments across the world have introduced emission standards to reduce air pollution. For instance, in March 2020, the European Union's Euro 6 emissions standards impose strict limits on nitrogen oxide and particulate emissions from heavy-duty vehicles. To meet these standards, haulage companies have had to invest in more fuel-efficient vehicles or retrofit their existing fleet with emission-reducing technology.Furthermore, haulage companies are increasingly using telematics systems to monitor and optimize fuel efficiency.
To Request a Sample of our Report on Road Haulage Market: https://www.omrglobal.com/request-sample/road-haulage-market
Market Coverage
• The market number available for - 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
Segment Covered-
· By Type
· By Vehicle Type
· By Application
Regions Covered-
• North America
• Europe
• Asia-Pacific
• Rest of the World
Competitive Landscape- including Container Corp. of India Ltd,, Kindersley Transport Ltd., Manitoulin Transport Inc.,Woodside Logistics Group, and others.
Road Haulage Market Report Segment
By Type
• Domestic Road Haulage
• International Road Haulage
By Vehicle Type
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)
By Application
• Mining and Construction
• Oil and Gas
• Food and Beverage
• Retail
• Manufacturing
• Healthcare
• Automotive
A full Report of Road Haulage Market is Available @ https://www.omrglobal.com/industry-reports/road-haulage-market
Road Haulage Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
• ArcBest Corp.
• DHL
• Estes Express Lines
• FedEx Corp.
• Gosselin Group
• J.B. Hunt Transport ,Inc.
• Knight Swift Transportation Holdings Inc.
• Landstar System, Inc.
• Marten Transport, Ltd.
• Monarch Transport Corp.
• P.A.M. Transportation Services Inc.
• Roadrunner Freight
• Schneider National, Inc.
• SLH Transport Inc.
• Swift Transportation
• UK Haulier
• Werner Enterprises
• XPO, Inc.
Reasons to buy from us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/road-haulage-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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