Press release
Shaping the Road Logistics Market in 2025: Enhancing Efficiency In Road Logistics With Advanced Data Solutions
Road Logistics Market Size
The road logistics market has shown steady growth in recent years. It will grow from $803.36 billion in 2024 to $839.69 billion in 2025, at a CAGR of 4.5%. This growth is attributed to the rise of platform-based logistics, improvements in transport infrastructure, and a greater focus on customer experience.
The road logistics market is expected to grow steadily, reaching $952.61 billion by 2029 at a CAGR of 3.2%. Growth is driven by rising consumer expectations, infrastructure development, the e-commerce boom, and demand from the healthcare sector. Trends include technological advancements, product innovations, and partnerships.
What Are the Primary Growth Drivers for the Road Logistics Market?
The expansion of e-commerce is anticipated to boost the growth of the road logistics market. E-commerce, or electronic commerce, refers to the buying and selling of goods and services via the Internet, typically involving online transactions between businesses and consumers. Road freight transport serves as the primary mode of logistics for e-commerce, particularly in last-mile deliveries and supplier distribution. The increasing demand for faster delivery services presents an opportunity for logistics companies to enhance their transportation capabilities. For instance, in February 2024, the Census Bureau of the Department of Commerce, a US-based government agency, reported that e-commerce sales in Q4 2023 grew by 7.5% (±1.2%) compared to Q4 2022, while total retail sales increased by 2.8% (±0.4%) in the same period. As a result, the growth of e-commerce is propelling the expansion of the road logistics market.
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Who Are the Dominant Companies Influencing Road Logistics Market Trends?
Major companies operating in the road logistics market are DHL International GmbH, Deutsche Post AG, United Parcel Service Inc., FedEx Corp., Xiamen Xiangyu Co. Ltd., CEVA Logistics Inc., Kuehne Nagel Management AG, Noatum Logistics USA LLC, Penske Corp., C H Robinson Worldwide Inc., J.B. Hunt Transport Services Inc., Ryder System Inc., XPO Logistics Inc., Knight Swift Transportation Holdings Inc., Schneider National Inc., ArcBest Corp., Yellow Corp., GEFCO S.A., Saltchuk, Werner Enterprises Inc., Bennett International Group LLC, AAA Cooper Transportation Inc., Agility Public Warehousing Co. K.S.C.P, Quantix SCS Inc., Acme Truck Line Inc., LT Harnett Trucking Inc., RD Logistics Inc., World Trade Logistics Inc., Cannon Logistics LLC, Sea Transport Management WA, Just International Logistics Co. Ltd.
How Is the Road Logistics Market Evolving?
Key players in the road logistics market are implementing advanced solutions like intelligent booking processes to enhance efficiency. These systems remember previous booking workflows, reducing processing time. For instance, in November 2023, myKN Booking, a Switzerland-based logistics company, launched an online freight booking platform for road logistics in the Middle East and Africa (MEA). This digital freight solution aligns with the industry's growing shift towards online logistics services, offering enhanced efficiency and convenience.
What Are the Different Segmentations in the Road Logistics Market?
The road logistics market covered in this report is segmented -
1) By Type: Truckload, Less Than Truckload, Parcel, Same Day
2) By Application: Domestic, International
3) By End User: Industrial And Manufacturing, Retail, Healthcare, Oil And Gas
Subsegments:
1) By Truckload (TL): Full Truckload (FTL) Services, Dedicated Truckload Services
2) By Less Than Truckload (LTL): Consolidated Freight Services, Terminal-To-Terminal Services
3) By Parcel: Domestic Parcel Delivery, International Parcel Delivery, Same-Day Parcel Services
4) By Same Day: Same-Day Delivery Services, Same-Day Freight Services, On-Demand Delivery Solutions
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Which Region Is at the Forefront of the Road Logistics Market?
Asia-Pacific was the largest region in the road logistics market in 2024. The regions covered in the road logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Road Logistics Global Market Report?
- Market Size Analysis: Analyze the Road Logistics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Road Logistics Market 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 Logistics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Road Logistics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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