Press release
Global Road Logistics Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Road Logistics
How Big Is the Road Logistics Market Size Expected to Be by 2034?
There has been a consistent increase in the size of the road logistics market in the previous years. It is projected to expand from $803.36 billion in 2024 to $839.69 billion the following year, indicating a 4.5% compound annual growth rate (CAGR). The past growth has been driven by the advent of platform-based logistics, improved transport infrastructure, and an emphasis on customer experience.
The size of the road logistics market is anticipated to experience consistent expansion in the forTH*Coming years, reaching $952.61 billion in 2029 with a compound annual growth rate (CAGR) of 3.2%. The escalation projected in this period can be ascribed to increasing expectations from consumers, advancements in infrastructure, the rise of e-commerce, and the surge in demand from the medical and healTH*Care sector. Dominant trends expected during the forecast period incorporate technological progress, product innovativeness, collaborations, and capital investments.
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What Are the Emerging Segments Within 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, HealTH*Care, 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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What Long-Term Drivers Are Shaping Road Logistics Market Trends?
The anticipated expansion of e-commerce is projected to drive the growth of the road logistics market. E-commerce, the process of buying and selling goods and services via the internet, involves an online transaction between two parties, typically a business and a customer. It requires payment and delivery of items, with road freight transit being the primary mode of transportation, especially for last-mile deliveries and suppliers transferring goods for distribution. Consequently, road logistics is essential to the e-commerce sector. The expanding e-commerce market presents an opportunity for logistics firms to enhance their delivery times due to the increasing demand for quicker deliveries. For example, in February 2024, the Census Bureau of the Department of Commerce, a department of the US government, noted that the e-commerce estimate for the fourth quarter of 2023 increased by 7.5% (±1.2%) from the fourth quarter of 2022. Simultaneously, total retail sales rose by 2.8% (±0.4%) during the same period. Consequently, e-commerce growth is stimulating the growth of the road logistics market.
Who Are the Top Competitors in Key Road Logistics Market Segments?
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.
What Are the Major Trends Shaping the Road Logistics Market?
Major corporations in the road logistics sector are concentrating on creating innovative solutions like smart booking processes to stay ahead of the competition. This feature enables the system to recall specific booking flows performed by users, thereby drastically cutting booking time and improving efficiency. To illustrate, in November 2023, a logistics firm based in Switzerland, myKN Booking, introduced its online freight booking platform for road logistics in the Middle East and Africa (MEA). This marked a growing tendency towards digital freight solutions. This move is a part of a larger shift towards online logistics services, which has seen a surge in uptake due to their effectiveness and ease of use.
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Which Regions Are Becoming Hubs for Road Logistics Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Road Logistics Market?
2. What is the CAGR expected in the Road Logistics Market?
3. What Are the Key Innovations Transforming the Road Logistics Industry?
4. Which Region Is Leading the Road Logistics Market?
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