Press release
Cross-Border Road Transport Market Size Forecasted To Achieve $324.58 Billion By 2029 With Steady Growth
Cross-Border Road Transport
What Is the Cross-Border Road Transport Market Size and Projected Growth Rate?
The cross-border road transport market has experienced strong growth in recent years. It will grow from $238.03 billion in 2024 to $253.79 billion in 2025, at a CAGR of 6.6%. This growth is driven by international trade agreements, economic development in emerging markets, rising consumer demand for faster delivery, expanding e-commerce, and increased infrastructure investment enhancing cross-border road connectivity.
The cross-border road transport market is projected to reach $324.58 billion by 2029, at a CAGR of 6.3%. Growth is driven by digitalization in logistics, sustainability and green logistics, AI and machine learning for route optimization, smart transportation infrastructure investment, and autonomous vehicle technologies. Key trends include blockchain for secure transactions, electric/hybrid trucks, advanced vehicle-to-everything communication, IoT for real-time monitoring, and autonomous driving advancements.
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What Are the Major Segments in the Cross-Border Road Transport Market?
The cross-border road transport market covered in this report is segmented -
1) By Transportation Mode: Freight Transport, Passenger Transport
2) By Cargo Type: Perishable Goods, Non-Perishable Goods, Specialized Cargo
3) By End-user: Manufacturing, Retail And E-commerce, Automotive, Agriculture, Pharmaceuticals And Healthcare, Oil And Gas, Defense And Military Logistics, Individual, Other End-Users
Subsegments:
1) By Freight Transport: Full Truckload (FTI) Transport, Less Than Truckload (LTD) Transport, Containerized Freight Transport, Bulk Freight Transport, Refrigerated Freight Transport
2) By Passenger Transport: International Bus Services, Coach Services, Private Car Transport (Cross-Border), Ride-Sharing And Carpooling Services, Cross-Border Taxi Services
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What Are The Driving Cross-Border Road Transport Market Evolution?
The expansion of e-commerce is expected to drive the growth of the cross-border road transport market. E-commerce has surged due to consumer demand for the convenience of online shopping and technological advancements. Cross-border road transport is essential for ensuring efficient delivery across borders, improving supply chains, and ensuring faster service. The U.S. Census Bureau reported in May 2024 that e-commerce sales grew by 8.5% in the first quarter of 2024, contributing to overall retail growth. This increasing e-commerce activity will support the growth of cross-border road transport.
Which Firms Dominate The Cross-Border Road Transport Market Segments?
Major companies operating in the cross-border road transport market are United Parcel Service Inc., Deutsche Post DHL Group, FedEx Corporation, Deutsche Bahn AG, Kuehne + Nagel International AG, DSV A/S, C.H. Robinson Worldwide Inc., Expeditors International of Washington Inc., Nippon Express Co. Ltd., Sinotrans Limited, Geodis, J.B. Hunt Transport Services Inc., Ryder System Inc., Kerry Logistics Network Limited, Dachser Group SE & Co. KG, XPO Logistics Inc., Toll Group, YRC Worldwide Inc., ArcBest Corporation, Hellmann Worldwide Logistics SE & Co. KG, Mainfreight Limited, Agility Public Warehousing Company K.S.C.P., Bolloré Logistics, CEVA Logistics AG, Rhenus Logistics
What Are the Major Trends Shaping the Cross-Border Road Transport Market?
Companies in the cross-border road transport market are focusing on zero-emission logistics, such as electric truck services, to minimize environmental impact. Zero-emission logistics use vehicles that produce no direct emissions, such as electric or hydrogen-powered trucks. For example, in July 2024, Scan Global Logistics launched an electric truck service between Malaysia and Singapore, featuring trucks that can travel up to 200 kilometers per charge and carry 12 tons of cargo. These trucks also include real-time tracking and predictive maintenance for better operational efficiency.
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Which Is The Largest Region In The Cross-Border Road Transport Market?
North America was the largest region in the cross-border road transport market in 2024. The regions covered in the cross-border road transport 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 Cross-Border Road Transport Market?
2. What is the CAGR expected in the Cross-Border Road Transport Market?
3. What Are the Key Innovations Transforming the Cross-Border Road Transport Industry?
4. Which Region Is Leading the Cross-Border Road Transport Market?
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