The logistics sector is changing as a result of numerous technological developments like vehicle-to-vehicle communication, integrated supply chains, remote diagnostics, and autonomous driving, which is in turn boosting demand for road haulage services around the world. The rising freight demand from sectors like manufacturing and retail is being supplemented by a significant increase in truck production globally. Additionally, distributors prefer trucks as the most adaptable, quick, and affordable mode of freight transport for the transportation of a variety of goods, which is further fueling market expansion.

According to Marketlook Consulting’s research report “Global Road Haulage Market Analysis, 2021”, the Global Road Haulage market is anticipated to grow at a CAGR of 6.2% during 2022-29. The market would reach USD 15.9 Bn by 2029.

Based on the Application Type, there are Mining & Construction, Oil & Gas, Food & Beverage, Healthcare, and Others. The segment of food and beverages held the largest market share in 2021 and is anticipated to post a promising CAGR over the course of the forecast period. This is a result of an increase in global demand for perishable goods like fresh produce and other goods.

Based on Vehicle Types, there are Light Commercial Vehicles and Heavy Commercial Vehicles. Over the forecast period, it is predicted that the light commercial vehicle segment will experience significant CAGR during the forthcoming years. This can be attributed to the rising demand for local delivery services, which require light vehicles to travel through more dispersed residential and commercial locations.

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“Global Road Haulage Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Road Haulage providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Asia Pacific Dominated the Market

The dominant portion of the global market was accounted for by the Asia Pacific region, which is also anticipated to experience the highest CAGR during the forecast period. The expansion is attributed to the region's expanding foreign investments and better road infrastructure. Furthermore, the demand for efficient road haulage services is being further fueled by the rapidly expanding e-commerce sector in developing nations like China and India as stated in the Marketlook Consulting research report “Global Road Haulage Market Analysis, 2021”.

According to Marketlook Consulting’, the key players with a considerable market share in the global Road Haulage market are CONCOR, Kindersley Transport Ltd., Gosselin Group, LKW WALTER International Transport organization AG, Monarch Transport, AM Cargo, Manitoulin Transport Inc., SLH Transport Inc., Woodside Logistics Group, UK Haulier.

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Market Segmentation:

1. By Application Type (Mining & Construction, Oil & Gas, Food & Beverage, Healthcare, Others)
2. By Type (International Road Haulage, Domestic Road Haulage)
3. By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles)
4. By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)
5. By Company (CONCOR, Kindersley Transport Ltd., Gosselin Group, LKW WALTER International Transport organization AG, Monarch Transport, AM Cargo, Manitoulin Transport Inc., SLH Transport Inc., Woodside Logistics Group, UK Haulier)

Key questions answered in the study:

1. What are the current and future trends in the Road Haulage industry?
2. How the industry has been evolving in terms of type, vehicle outlook, and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Road Haulage industry?
5. What is the customer orientation, purchase behavior, and expectations from the Road Haulage firms across various regions?

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