The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased cross-border trade is likely to spur innovation in road freight transport manufacturing, propelling the market during the forecast period.

The global road freight transport market is expected to grow from $92.12 billion in 2022 to $98.94 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The global road freight transport market size is expected to reach $127.27 billion in 2027 at a CAGR of 6.5%.

Get A Free Sample On The Global Road Freight Transport Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10163&type=smp

 Global Road Freight Transport Market Segments Include:

• By Type of Carrier: Full Truckload, Less-Than-Truckload
• By Vehicle Type: Light Commercial Vehicle, Medium Commercial Vehicle, Heavy Commercial Vehicle
• By Operation: Domestic, International
• By End-User: Agriculture, Fishing And Forestry, Construction, Manufacturing, Oil And Gas, Mining And Quarrying, Wholesale And Retail Trade, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global road freight transport market in 2021.

Major Market Players in the road freight transport market include Cargo Carriers Ltd., CEVA Logistics AG, CJ Logistics Corp., Deutsche Bahn AG, Deutsche Post AG, FedEx Corp., Fercam Spa, Ital Logistics Ltd., J.B. Hunt Transport Services Inc.

The primary trends gaining traction in the road freight transport sector are technological developments. To maintain their market position, major industry players are focusing their efforts on developing various technical improvements. For example, in March 2023, ArcBest Corporation, a truckload and less-than-truckload freight holding firm based in the United States, developed the VauxTM, a revolutionary freight movement technology that restructures intralogistics operations to boost efficiency and advance supply chains. This is a cutting-edge technological and software combo that modernises and revolutionises the way things are loaded, unloaded, and moved. Vaux can unload a trailer’s entire contents in less than five minutes, and the corporation provides complete visibility over the movement of goods inside warehouse facilities, on the dock, and on the road. Extreme efficiencies are achieved, and warehouse activities are precisely orchestrated.

The Road Freight Transport Global Market Report 2023  provides a road freight transport market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The road freight transport market forecast analyzes road freight transport market size, road freight transport market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Road freight transit is the moving of commodities by motor vehicles from one point to another (a point of loading and unloading). It is defined as transportation by road between two sites, regardless of where the vehicle is registered. Its primary function is to provide door-to-door service for all goods delivery.

Explore Similar Reports From The Business Research Company:

Transport Global Market Report 2023

Transport Services Global Market Report 2023

Freight Chartered Air Transport Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: