Road Haulage Market Size Worth $4,071.7 Billion By 2025

The global road haulage market size is anticipated to generate revenue of USD 4,071.7 billion by 2025. It is also expected to register a 5.5% CAGR during the forecasted period, 2019 to 2025. The rising need for cargo transport and the emergence of e-commerce industry is projected to boost the market growth in the upcoming years.

In 2018, the Heavy-duty commercial vehicles segment accounted for a share exceeding 80.0% across the globe due to rising need for transportation of heavy goods over a long haul. On the other hand, light commercial vehicles segment is projected to register 8.0% CAGR in the upcoming years on account of rising demand for delivery services at the local level.

The food and beverage segment dominated the global market, in 2018 due to the surging demand for perishable food items like vegetables, fruits, and other commodities. While, the segments of retail, mining & construction and oil & gas accounted for an overall share of 37% across the market.

In 2018, the Asia Pacific held the largest share across the global market due to increasing foreign investments coupled with enhanced road infrastructure across countries like India and China. While North America is also expected to hold a significant share on account of rising trade activities coupled with the huge highway network across this region.

The road haulage market includes key players such as CONCOR, Kindersley Transport Ltd., Gosselin Group, Monarch Transport, and SLH Transport Inc. These players are engaged in implementing strategies like partnerships to widen their global reach. Moreover, rapid technological advances are being carried out by these players to reduce their operational costs.

 To request a sample copy or view summary of this report, "please" click the link below:

 https://www.millioninsights.com/industry-reports/global-road-haulage-market

Further key findings from the report suggest:

• Heavy-duty commercial vehicles segment dominated the global market with share exceeding 80% across the global market.

• The application segment of food and beverage is anticipated to register a CAGR of 6.0% during the forecasted years, 2019 to 2025.

• Asia Pacific held the largest share across the global market in 2018.

• The key players in this market are CONCOR, Kindersley Transport Ltd., Gosselin Group, Monarch Transport, and SLH Transport Inc.

Million Insights has segmented the global road haulage market on the basis of type, vehicle type, application, and region:

Road Haulage Type Outlook (Revenue, USD Billion, 2014 - 2025)
    • International Road Haulage
    • Domestic Road Haulage

Road Haulage Vehicle Type Outlook (Revenue, USD Billion, 2014 - 2025)
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles

Road Haulage Application Outlook (Revenue, USD Billion, 2014 - 2025)
    • Mining & Construction
    • Oil & Gas
    • Food & Beverage
    • Retail
    • Manufacturing
    • Healthcare
    • Automotive
    • Others

Road Haulage Regional Outlook (Revenue, USD Billion, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
        • Italy
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East &Africa