Press release
Key Trend Reshaping the Road Logistics Market in 2025: Empowering Precision Medicine With Next-Generation Assays
Road Logistics Market
The surge in e-commerce is anticipated to drive the expansion of the road logistics sector. E-commerce, the buying and selling of products and services over the internet, involves an online transaction between two parties, commonly a business and a consumer, for the payment and dispatch of goods or services. As road freight transport is the primary means of transportation for e-commerce, particularly for last-mile deliveries and vendors transporting goods for dissemination, road logistics is a crucial component of the e-commerce sector. The growth of e-commerce and the resulting need for quicker delivery times offers logistics firms an opportunity to enhance their delivery speeds. For instance, in February 2024, data from the Census Bureau of the Department of Commerce, a US based government agency, indicated that e-commerce estimates for the fourth quarter of 2023 had increased by 7.5% (±1.2%) from the same quarter in 2022, whereas general retail sales had risen by 2.8% (±0.4%) in the same duration. Thus, the upswing in e-commerce is fuelling the growth of the road logistics sector.
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What is the future CAGR of the road logistics market, and how will it impact industry expansion?
In the past few years, the size of the road logistics market has seen consistent growth. From 2024 to 2025, it is estimated to expand from $803.36 billion to $839.69 billion, marking a compound annual growth rate (CAGR) of 4.5%. The substantial growth in the previous period can be linked to the emergence of platform-based logistics, improved transport infrastructure, and heightened focus on customer experience.
The size of the road logistics market is projected to witness consistent expansion in the forthcoming years. It is anticipated to surge to $952.61 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.2%. The growth during this forecast period is being driven by factors such as increasing customer expectations, infrastructure growth, the surge in e-commerce, and the demand emerging from healthcare and medical sectors. Noteworthy trends expected throughout the forecast phase encompass technological leaps, product enhancements, alliances, and capital expenditure.
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What are the most significant trends transforming the road logistics market today?
Leading firms in the road logistics market are concentrating on creating innovative solutions like smart booking processes to maintain a competitive advantage. This feature enables the system to recall particular booking flows carried out by users, thus considerably decreasing booking time and improving effectiveness. For example, in November 2023, a logistics company based in Switzerland called myKN Booking, unveiled its internet freight booking platform for road logistics in the Middle East and Africa (MEA), signifying a rising trend in digital freight solutions. This effort is part of a larger shift towards online logistics services, which have become more popular because of their efficiency and ease of use.
Which key market segments comprise the road logistics market and drive its revenue growth?
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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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.
Who are the leading players fueling growth in the road logistics market?
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.
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What Is Covered In The Road Logistics Global Market Report?
•Market Size Forecast: Examine the road logistics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the road logistics market for a structured understanding.
•Key Players Overview: Analyze major players in the road logistics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the road logistics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the road logistics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the road logistics market.
•Industry Challenges: Identify potential risks and obstacles affecting the road logistics market.
•Competitive Landscape: Review strategic developments in the road logistics market, including expansions, agreements, and new product launches.
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