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Road Freight Transport Global Market Report 2025: Market Size, Key Players, and Emerging Trends
Road Freight Transport Global Market Size Report 2025
What Is The Projected Market Size Of The Global Road Freight Transport Global Market Report 2025 And Its Growth Rate?
The road freight transport market has experienced robust growth in recent years and this trend is expected to continue. Here are some key figures to illustrate this:
•The market will rise from $104.08 billion in 2024 to $110.75 billion in 2025, a compound annual growth rate (CAGR) of 6.4%.
•The growth is attributed to factors such as economic growth, infrastructure development, regulatory environment, globalization, fuel prices, and consumer behavior.
•Looking ahead, the market is expected to surge to $146.97 billion in 2029 with a CAGR of 7.3%.
•This predicted growth can be attributed to sustainability initiatives, infrastructure investments, urbanization trends, supply chain resilience, and regulatory changes.
What Is Driving The Growth In The Road Freight Transport Global Market Report 2025?
The increasing cross-border trade is a major factor propelling the growth of the road freight transport market. Cross-border trade, selling of a product from one country to the buyer of another, has been greatly facilitated by road transport, promoting economic growth and increasing connectivity. For example, in 2022, U.S.-international trade totaled $6.5 trillion, with Canada and Mexico accounting for 24%, or $1.57 trillion, covering 654 million tons in freight. This trend is expected to boost the growth of the road freight transport market.
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Who Are the Key Players Driving Road Freight Transport Global Market Report 2025 Growth?
•Cargo Carriers Ltd.
•CEVA Logistics AG
•CJ Logistics Corp.
•Deutsche Bahn AG
•FedEx Corp.
•Fercam Spa
•Ital Logistics Ltd.
•J.B. Hunt Transport Services Inc.
•Kerry Logistics Network Ltd.
•KLG Europe
•Kuehne and Nagel International AG
•Nippon Express Holdings Inc
•United Parcel Service Inc.
•Yellow Corporation
•First European Logistics Ltd.
•Alkom-Trans SIA
•DHL Supply Chain
•C.H. Robinson Worldwide Inc.
•XPO Logistics Inc.
•Schneider National Inc.
•Old Dominion Freight Line Inc.
•Knight-Swift Transportation
•Landstar System Inc.
•Werner Enterprises Inc.
•Saia Inc.
•Estes Express Lines
•ArcBest Corporation
•Ryder System Inc.
•Southeastern Freight Lines
•ABF Freight System Inc.
•Roadrunner Transportation Systems Inc.
•Averitt Express Inc.
•Dayton Freight Lines Inc.
•Holland Inc.
•Pitt Ohio Express
•R+L Carriers
•Crete Carrier Corporation
•CRST International Inc.
•Heartland Express Inc.
•Bison Transport Inc.
•Wilson Logistics Limited
What Are The Key Trends In The Road Freight Transport Global Market Report 2025?
The forecasted growth in the market will be powered by these key trends:
•Digitalization and automation in freight transportation
•Green initiatives and sustainability measures
•The e-commerce boom and its impact on freight transport
•Resilience and supply chain visibility
•Collaborative logistics
What Are The Segments Of The Global Road Freight Transport Global Market Report 2025?
The road freight transport market can be segmented as follows:
•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
Which Region Leads The Road Freight Transport Global Market Report 2025?
In 2024, North America was the largest region for the road freight transport market. However, within the next decade, Asia-Pacific is predicted to be the fastest-growing region in the global market. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Road Freight Transport Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Road Freight Transport Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Road Freight Transport Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Road Freight Transport Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Road Freight Transport Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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