Press release
Road Freight Transport Global Market 2023 - Key Drivers, Growth Factors, Technological Development And Forecast To 2032
Road Freight Transport Market
The Business Research Company's Road Freight Transport Global Market Report 2023 identifies increasing cross-border trade as the major driver for the Road Freight Transport market's growth in the forecast period. Cross-border trade refers to the act of selling a product from one country to the buyer of another via B2C that involves the import, export, or transit of capacity or power as permitted by the conditions of this license. Road transport is a crucial part of cross-border trade since it makes it easier for commodities to move around, increases connectivity, and promotes economic growth.
The global road freight transport market size is expected to grow from $92.12 billion in 2022 to $98.94 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global road freight transport market size is expected to reach $127.27 billion in 2027 at a CAGR of 6.5%.
Download Free Sample Of Road Freight Transport Market Report - https://www.thebusinessresearchcompany.com/sample_request?id=10163&type=smp
Major competitors in the Road Freight Transport market are Cargo Carriers Ltd., CEVA Logistics AG, CJ Logistics Corp., Deutsche Bahn AG, Deutsche Post AG, FedEx Corp., Fercam Spa, Ital Logistics Ltd.
A key trend in the Road Freight Transport market includes technological advancements. Major market players are concentrating their efforts on innovating different technological advancements to sustain their position in the market. For instance, in March 2023, ArcBest Corporation, a US-based holding company for truckload and less-than-truckload freight, launched the Vaux™, a revolutionary freight movement technology that restructures intralogistics procedures to increase efficiency and advance supply chains. This is a cutting-edge combination of technology and software that modernizes and revolutionizes the way goods are loaded, unloaded and moved. With Vaux, a trailer's full contents may be unloaded in less than five minutes, and the company provides total insight into the movement of goods inside warehouse facilities, on the dock, and the road. Extreme efficiencies are produced, and operations in the warehouse are orchestrated flawlessly.
Read More On The Global Road Freight Transport Market Report Here:
https://www.thebusinessresearchcompany.com/report/road-freight-transport-global-market-report
The Road Freight Transport market is segmented -
• By Type of Carrier: Full Truckload, Less-Than-Truckload
• By Vehicle Type: Light Commercial Vehicle, Medium Commercial Vehicle, Heavy Commercial Vehicle
• By Operation: Domestic, International
• By End-User: Agriculture, Fishing And Forestry, Construction, Manufacturing, Oil And Gas, Mining And Quarrying, Wholesale And Retail Trade, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Road Freight Transport market.
The Business Research Company's "Global Road Freight Transport Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
Explore Buying Options For The Road Freight Transport Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10163
The Table Of Content For The Road Freight Transport Market Include:
1. Executive Summary
2. Road Freight Transport Market Characteristics
3. Road Freight Transport Market Trends And Strategies
4. Road Freight Transport Market - Macro Economic Scenario
5. Road Freight Transport Market Size And Growth
……………………………….
26. Africa Road Freight Transport Market
27. Road Freight Transport Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Road Freight Transport Market
29. Road Freight Transport Market Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Road Freight Transport Global Market 2023 - Key Drivers, Growth Factors, Technological Development And Forecast To 2032 here
News-ID: 3294685 • Views: …
More Releases from The Business research company
Key Growth Factors, Market Segmentation, and Competitive Approaches Influencing …
The AC electric motor market is poised for substantial growth in the coming years, driven by advancements in technology and evolving industrial needs. As industries adapt to modern demands like smart manufacturing and electric mobility, this sector is expected to expand significantly. Let's explore the market's size, key players, emerging trends, and the main segments shaping its future.
Forecasted Growth of the AC Electric Motor Market Size Through 2029
The…
Segment Evaluation and Major Growth Areas in the Semiconductor Capital Equipment …
The semiconductor capital equipment sector is set for substantial growth in the coming years, driven by technological advancements and increasing demand across various industries. This market reflects the dynamic nature of semiconductor manufacturing, where innovations and shifting industry needs play a pivotal role. Let's explore the current market valuation, key players, emerging trends, and segment-specific insights shaping the future of this industry.
Projected Market Growth of the Semiconductor Capital Equipment Market…
Worldwide Trends Review: The Fast-Paced Development of the Hollow Fiber Filtrati …
The hollow fiber filtration market is poised for impressive expansion over the coming years, driven by evolving healthcare needs and technological advancements. This sector is set to experience significant shifts that will shape its future landscape, fueled by innovation and changing consumer preferences. Let's explore the current market valuation, key players, emerging trends, and segment breakdowns that define this growing industry.
Forecasted Market Valuation and Growth Trajectory of the Hollow Fiber…
Emerging Sub-Segments Transforming the Stud Welding Machine Market Landscape
The stud welding machine market is positioned for steady growth over the coming years, driven by evolving industrial demands and technological advancements. As industries such as renewable energy, shipbuilding, and aerospace expand, the need for efficient and precise welding solutions is becoming increasingly critical. This overview delves into the market's valuation, key players, emerging trends, and segment insights shaping its trajectory.
Stud Welding Machine Market Valuation and Growth Outlook
The…
More Releases for Road
Road Marking Equipment Market Driving Innovation in Road Construction and Mainte …
The worldwide Road Marking Equipment market was valued at US$ 1.21 Bn in 2022 and is expected to grow by a CAGR of 6.0% by 2033 due to increased investments in road infrastructure developments. Road markings are an important aspect of road safety and maintenance because they assist cars and pedestrians travel more safely. As a result, the growing need for road safety and maintenance is likely to boost the…
The Best Road Tripper Cars: Road Performance, Durability, and Comfort
Traveling in a car comes with a freedom that cannot be beat, with a chance to go anywhere at your will. For a weekend trip, a cross-country drive, or even a daily commute, having the proper car can make a significant difference. For long trips, comfort, efficiency, reliability, and enough cargo room make for an ideal car. In this article, we will go over the best cars for long trips…
GWM Off-Road Family: Off-road Tech Dominating the Desert
October 4, 2024 -Great Wall Motor (GWM) once again showcases its prowess in the off-road realm at the Alxa Hero Festival, joining forces with off-road enthusiasts worldwide for an exhilarating celebration of technology and culture.
This year, the highlight of the Dream Desert Park's T3 track is undeniably the GWM Off-Road Team, featuring a total of 108 vehicles across 36 groups, ready to take on the challenge. As a leader in…
Off-Road Adventures : Exploring the Off-Road Vehicle Market 2021-2030
According to a recent report published by Allied Market Research, titled, "Off-Road Vehicle Market Size, Share, Competitive Landscape and Trend Analysis Report by Displacement, Vehicle Type, End Use Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2030." The global off-road vehicle market was valued at $12,365.18 million in 2020, and is projected to reach $22,618.45 million by 2030, registering a CAGR of 7.3%. North America was the highest revenue contributor,…
Vehicle Road Sign Assist Market Trends 2024: Enhancing Road Safety with AI
The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.
The Business Research Company presents an extensive market research report on the Vehicle Road Sign Assist Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges,…
Road Roller Market by Product Type (Static Road Roller, Tire Road Roller, Single …
A road roller, also known as roller-compactor or roller is a compactor type engineering vehicle, which is used to compact soil, gravel, concrete, or asphalt in construction of roads and foundations. In addition, road rollers are also used at landfills and in agriculture. The rolling process ensures that foundations are compacted thoroughly so the materials are compact, and do not come loose. Rollers are equipped with basic features such as…
