Press release
2025-2034 Road Logistics Market Roadmap: Insights for Competitive Advantage
Road Logistics
How Large Will the Road Logistics Market Size By 2025?
In recent times, the size of the road logistics market has seen consistent growth. The market worth is projected to rise from $803.36 billion in 2024 to $839.69 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. The historical growth in this sector can be credited to the emergence of platform-based logistics, superior transport infrastructure, and an emphasis on customer experience.
How Big Is the Road Logistics Market Size Expected to Grow by 2029?
The market size of road logistics is anticipated to experience consistent growth in the upcoming years, with an estimation to reach $952.61 billion by 2029, at a compound annual growth rate (CAGR) of 3.2%. This growth during the predictive period is primarily due to heightened consumer expectations, infrastructure enhancement, e-commerce proliferation, and increased demand from the medical and healthcare sector. The dominant trends during this forecasting period encompass technological progression, product breakthroughs, strategic partnerships and investments.
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Which Key Market Drivers Powering Road Logistics Market Expansion and Growth?
The expansion of the road logistics market is anticipated to be driven by the growth in e-commerce. E-commerce refers to the buying and selling of services or products online, typically involving a digital transaction between a business and a customer for the payment and delivery of goods or services. As road freight transport is predominantly used for delivering e-commerce orders, especially for last-mile deliveries and suppliers moving goods for distribution, this sector significantly influences the e-commerce industry. As e-commerce expands and the demand for quicker delivery times rises, there exists a scope for logistics firms to expedite their delivery services. For example, the US Census Bureau of the Department of Commerce reported in February 2024 that the e-commerce estimate for the fourth quarter of 2023 rose by 7.5% (±1.2%) from the fourth quarter of 2022, while the total retail sales for the same period saw a 2.8% (±0.4%) increase. Therefore, the increasing prevalence of e-commerce is leading to the growth of the road logistics market.
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Which Fast-Growing Trends Are Poised to Disrupt the Road Logistics Market?
Key players in the road logistics market, such as intelligent booking process developers, are intensifying their competitiveness by creating superior solutions. These improvements are designed to recall particular booking flows carried out by customers, thus significantly slashing booking time and improving efficiency. A case in point is the November 2023 launch of an online freight booking platform for road logistics in the Middle East and Africa (MEA) by myKN Booking, a logisitcs company from Switzerland. This display of digital development in the freight solutions space is gaining momentum. Such developments form part of a larger shift towards online logistics services, which are being increasingly adopted for their efficency and handiness.
What Are the Emerging Segments 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Road Logistics Industry?
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.
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