The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The cross-border road transport market has grown steadily over the past few years, expanding from $223.85 billion in 2023 to $238.03 billion in 2024 at a CAGR of 6.3%. The market’s growth has been driven by increasing international trade agreements, economic development in emerging markets, rising consumer demand for faster deliveries, expansion in the e-commerce sector, and significant infrastructure investments. Moving forward, the market is expected to grow to $305.53 billion in 2028 at a CAGR of 6.4%. Growth drivers for the forecast period include advancements in digitalization and logistics technologies, increased focus on sustainability and green logistics, growing use of artificial intelligence for route optimization, more investment in smart transportation infrastructure, and the expansion of autonomous vehicle technologies. Key trends include the emergence of blockchain for secure cross-border transactions, the growth of electric and hybrid trucks, vehicle-to-everything (V2X) communication systems, and the rise of Internet of Things (IoT) devices for real-time monitoring.

The growing e-commerce sector is expected to propel the growth of the cross-border road transport market in the coming years. E-commerce, defined as the buying and selling of goods and services via the internet, has been expanding rapidly due to increasing consumer preference for the convenience of online shopping and advancements in digital technology. Cross-border road transport plays a vital role in e-commerce by ensuring efficient delivery of goods across international borders, thereby enhancing supply chain operations and enabling faster and more reliable customer service. For instance, data from the Office for National Statistics (ONS) in April 2024 indicated that internet sales as a percentage of total retail sales in the UK increased to 30.7% in 2021, up from 28.1% in 2020. Therefore, the expanding e-commerce sector is significantly driving the growth of the cross-border road transport market.

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What Are The Key Trends That Influence Cross-Border Road Transport Market Share Analysis?

Major companies in the cross-border road transport market are increasingly prioritizing zero-emission logistics, such as electric truck services, to gain a competitive edge. Zero-emission logistics refers to the transportation of goods utilizing vehicles and technologies that produce no direct emissions, including electric or hydrogen-powered trucks. This strategy aims to reduce environmental impact and lower carbon footprints throughout supply chains. For example, in July 2024, Scan Global Logistics A/S, a logistics company based in Denmark, introduced an electric cross-border truck service between Malaysia and Singapore. This service features trucks with a range of up to 200 kilometers per charge and a cargo capacity of up to 12 tons, providing an eco-friendly alternative to traditional diesel trucks. Additionally, the electric trucks are equipped with advanced technology for real-time tracking and predictive maintenance, thereby enhancing operational efficiency.

Which Market Players Are Driving Growth In The Cross-Border Road Transport Market?

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

How Is The Global Cross-Border Road Transport Market Segmented?

The cross-border road transportmarket 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

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The Cross-Border Road Transport Global Market Report 2024 provides an overview of the cross-border road transportmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cross-border road transport market forecast analyzes cross-border road transport market size, cross-border road transport market share, leading competitor and their market positions.

The Table Of Content For The Cross-Border Road Transport Market Include

1. Cross-Border Road Transport Market Executive Summary
2. Cross-Border Road Transport Market Segments
3. Cross-Border Road Transport Market Size And Template Market Growth Rate
4.  Key Cross-Border Road Transport Market Trends
5. Major Cross-Border Road Transport Market Drivers
……
25. Key Mergers And Acquisitions In The Cross-Border Road Transport Market
26. Top Cross-Border Road Transport Companies
27. Cross-Border Road Transport Market Opportunities And Strategies
28. Cross-Border Road Transport Market, Conclusions And Recommendations
29. Appendix

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