NEW YORK, Feb. 24, 2023 /PRNewswire/ — According to Technavio, the global road freight transport market size is estimated to grow by USD 130.56 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 6.03% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 47% of the market’s growth. The report also includes historic market data from 2017 to 2021. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the historic (2017 to 2021) and forecast market size (2022 to 2027) – Request a sample report
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E-scooter market- Segmentation Assessment
Segment Overview
Technavio has segmented the market based on vehicle type (medium, heavy commercial vehicle, and light commercial vehicle), and end-user (manufacturing, automotive, consumer goods, food and beverage, and others)
The medium segment will grow at the highest rate during the forecast period. Medium and heavy commercial vehicle transportation involves the movement of goods by surface transport carriers, such as trucks and trailers. Medium and heavy commercial vehicles are a mode of freight that is primarily used for larger shipments. Besides providing logistics services, road freight transport providers also provide value-added services, such as loading and unloading, documentation, door-to-door delivery, and packaging. Vendors in the market are also adopting intermodal transportation to provide better services to their customers. Such factors fuel the growth of the medium and heavy commercial vehicle segment during the forecast period.
Geography Overview
By geography, the global road freight transport market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global e-scooter market.
APAC is estimated to account for 47% of the growth of the global market during the forecast period. The road freight transport market in APAC is expected to grow due to the presence of a large consumer base for both food and beverage and consumer goods. With the rise in disposable incomes and the growing aging population the expenditure on healthcare in this region is witnessing strong growth rates. This has resulted in an increase in the demand for temperature-controlled transport of healthcare products. Moreover, the increased demand for organic food products due to the availability of certified organic dairy products and rising health consciousness among consumers in countries are fueling the demand for related logistics. Moreover, the availability of low-cost labor and resources in developing economies, such as India, Indonesia, Bangladesh, and Vietnam, has attracted many global automotive OEMs to establish their manufacturing plants in the region. Thus, the aforementioned factors will drive the growth of the market in focus during the forecast period.
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E-scooter market– Market Dynamics Key factor driving market growth
The rapid growth in the e-commerce industry is notably driving the market growth.
The global e-commerce industry is growing rapidly due to the increasing global penetration of the internet and the increasing availability of low-cost smartphones.
Consumers are spending less time visiting offline stores as they prefer to shop online.
Consumers buy various products from online shopping sites such as food and beverages, electronic products, personal care products, health products, and others.
Vendors in the global road transport market have adopted new strategies to support the growing e-commerce sales. Therefore, these factors will help in the growth of the market during the forecast period.
Leading trends influencing the market
The use of blockchain in the road transport industry is an emerging trend in the market.
Blockchain technology is a digital ledger linked to a list of blocks that stores data in a cryptographically secured and decentralized network.
In the transportation industry, the use of blockchain technology increases the visibility of operations and offers stakeholders throughout the supply chain the ability to effectively track products throughout the logistics process.
Blockchain technology also improves security because independent third-party records and verifies every transaction.
Hence, owning to the many benefits of blockchain technology, road transport providers are collaborating with blockchain technology providers to develop platforms that increase security and transparency in the logistics industry, which in turn, will drive the growth of the global market during the forecast period.
Major challenges hindering the market growth
High operational costs and competitive pricing are major challenges impeding market growth.
Operating costs are rising due to the instability of world fuel prices
Market sellers are under constant pressure from customers to keep trucking prices low. Although these suppliers make a profit from fixed-term contracts with customers, fluctuations in global fuel prices reduce their profit share.
The market requires a very capital-intensive infrastructure with a large fleet of vehicles and containers, warehouses equipped with special technology for storing various products, and a skilled workforce.
In addition, with the growing market demand for additional services and professional supply chain solutions, trucking companies are becoming very competitive in pricing their services. Thus, such factors will restrain the growth of the market during the forecast period.
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What are the key data covered in this road freight transport market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the road freight transport market between 2023 and 2027
Precise estimation of the size of the road freight transport market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the e-scooter industry across APAC, North America, Europe, Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of road freight transport market vendors
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Related Reports:
The freight brokerage market is estimated to grow at a CAGR of 5.45% between 2022 and 2027. The size of the market is forecasted to increase by USD 15.95 billion. This report extensively covers market segmentation by service (LTL, FTL, temperature-controlled freight, and others), mode of transportation (road, inland waterways and coastal shipping, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America).
The intermodal freight transportation market is expected to increase by USD 50.45 million units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.38%. This report extensively covers market segmentation by product (minerals and ores, food and farm products, equipment and instruments, chemicals, and others) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
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Road Freight Transport Market Scope |
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Report Coverage |
Details |
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Page number |
161 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.03% |
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Market growth 2023-2027 |
USD 130.56 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
5.67 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 47% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AlkomTrans, Cargo Carriers Ltd., CEVA Logistics AG, CJ Logistics Corp., Deutsche Bahn AG, Deutsche Post AG, DSV AS, FedEx Corp., Fercam Spa, First European Logistics Ltd., Ital Logistics Ltd., J.B. Hunt Transport Services Inc., Kerry Logistics Network Ltd., KLG Europe, Kuehne and Nagel International AG, NGL Gondrand Group SA, Nippon Express Holdings Inc., Overland Total Logistics Services Sdn. Bhd., SNCF Group, and Yellow Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global road freight transport market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global road freight transport market 2017 – 2021 ($ billion)
4.2 Vehicle type Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Vehicle type Segment 2017 – 2021 ($ billion)
4.3 End-user Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 ($ billion)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Vehicle Type
6.1 Market segments
Exhibit 30: Chart on Vehicle Type – Market share 2022-2027 (%)
Exhibit 31: Data Table on Vehicle Type – Market share 2022-2027 (%)
6.2 Comparison by Vehicle Type
Exhibit 32: Chart on Comparison by Vehicle Type
Exhibit 33: Data Table on Comparison by Vehicle Type
6.3 Medium and heavy commercial vehicle – Market size and forecast 2022-2027
Exhibit 34: Chart on Medium and heavy commercial vehicle – Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Medium and heavy commercial vehicle – Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Medium and heavy commercial vehicle – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Medium and heavy commercial vehicle – Year-over-year growth 2022-2027 (%)
6.4 Light commercial vehicle – Market size and forecast 2022-2027
Exhibit 38: Chart on Light commercial vehicle – Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Light commercial vehicle – Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Light commercial vehicle – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Light commercial vehicle – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Vehicle Type
Exhibit 42: Market opportunity by Vehicle Type ($ billion)
7 Market Segmentation by End-user
7.1 Market segments
Exhibit 43: Chart on End-user – Market share 2022-2027 (%)
Exhibit 44: Data Table on End-user – Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 45: Chart on Comparison by End-user
Exhibit 46: Data Table on Comparison by End-user
7.3 Manufacturing – Market size and forecast 2022-2027
Exhibit 47: Chart on Manufacturing – Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Data Table on Manufacturing – Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Chart on Manufacturing – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Manufacturing – Year-over-year growth 2022-2027 (%)
7.4 Automotive – Market size and forecast 2022-2027
Exhibit 51: Chart on Automotive – Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Data Table on Automotive – Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Chart on Automotive – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Automotive – Year-over-year growth 2022-2027 (%)
7.5 Consumer goods – Market size and forecast 2022-2027
Exhibit 55: Chart on Consumer goods – Market size and forecast 2022-2027 ($ billion)
Exhibit 56: Data Table on Consumer goods – Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Chart on Consumer goods – Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Consumer goods – Year-over-year growth 2022-2027 (%)
7.6 Food and beverage – Market size and forecast 2022-2027
Exhibit 59: Chart on Food and beverage – Market size and forecast 2022-2027 ($ billion)
Exhibit 60: Data Table on Food and beverage – Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Chart on Food and beverage – Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Food and beverage – Year-over-year growth 2022-2027 (%)
7.7 Others – Market size and forecast 2022-2027
Exhibit 63: Chart on Others – Market size and forecast 2022-2027 ($ billion)
Exhibit 64: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Chart on Others – Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Others – Year-over-year growth 2022-2027 (%)
7.8 Market opportunity by End-user
Exhibit 67: Market opportunity by End-user ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 69: Chart on Market share by geography 2022-2027 (%)
Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 71: Chart on Geographic comparison
Exhibit 72: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 North America – Market size and forecast 2022-2027
Exhibit 77: Chart on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.5 Europe – Market size and forecast 2022-2027
Exhibit 81: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 85: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.7 South America – Market size and forecast 2022-2027
Exhibit 89: Chart on South America – Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 China – Market size and forecast 2022-2027
Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)
9.10 Japan – Market size and forecast 2022-2027
Exhibit 101: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
Exhibit 102: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
Exhibit 103: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.11 Germany – Market size and forecast 2022-2027
Exhibit 105: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
Exhibit 106: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
Exhibit 107: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.12 France – Market size and forecast 2022-2027
Exhibit 109: Chart on France – Market size and forecast 2022-2027 ($ billion)
Exhibit 110: Data Table on France – Market size and forecast 2022-2027 ($ billion)
Exhibit 111: Chart on France – Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on France – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 113: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 114: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 116: Overview on factors of disruption
11.4 Industry risks
Exhibit 117: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 118: Vendors covered
12.2 Market positioning of vendors
Exhibit 119: Matrix on vendor position and classification
12.3 AlkomTrans
Exhibit 120: AlkomTrans – Overview
Exhibit 121: AlkomTrans – Product / Service
Exhibit 122: AlkomTrans – Key offerings
12.4 Cargo Carriers Ltd.
Exhibit 123: Cargo Carriers Ltd. – Overview
Exhibit 124: Cargo Carriers Ltd. – Product / Service
Exhibit 125: Cargo Carriers Ltd. – Key offerings
12.5 CEVA Logistics AG
Exhibit 126: CEVA Logistics AG – Overview
Exhibit 127: CEVA Logistics AG – Business segments
Exhibit 128: CEVA Logistics AG – Key news
Exhibit 129: CEVA Logistics AG – Key offerings
Exhibit 130: CEVA Logistics AG – Segment focus
12.6 CJ Logistics Corp.
Exhibit 131: CJ Logistics Corp. – Overview
Exhibit 132: CJ Logistics Corp. – Product / Service
Exhibit 133: CJ Logistics Corp. – Key offerings
12.7 Deutsche Bahn AG
Exhibit 134: Deutsche Bahn AG – Overview
Exhibit 135: Deutsche Bahn AG – Business segments
Exhibit 136: Deutsche Bahn AG – Key offerings
Exhibit 137: Deutsche Bahn AG – Segment focus
12.8 Deutsche Post AG
Exhibit 138: Deutsche Post AG – Overview
Exhibit 139: Deutsche Post AG – Business segments
Exhibit 140: Deutsche Post AG – Key news
Exhibit 141: Deutsche Post AG – Key offerings
Exhibit 142: Deutsche Post AG – Segment focus
12.9 DSV AS
Exhibit 143: DSV AS – Overview
Exhibit 144: DSV AS – Business segments
Exhibit 145: DSV AS – Key offerings
Exhibit 146: DSV AS – Segment focus
12.10 FedEx Corp.
Exhibit 147: FedEx Corp. – Overview
Exhibit 148: FedEx Corp. – Business segments
Exhibit 149: FedEx Corp. – Key offerings
Exhibit 150: FedEx Corp. – Segment focus
12.11 Fercam Spa
Exhibit 151: Fercam Spa – Overview
Exhibit 152: Fercam Spa – Product / Service
Exhibit 153: Fercam Spa – Key offerings
12.12 First European Logistics Ltd.
Exhibit 154: First European Logistics Ltd. – Overview
Exhibit 155: First European Logistics Ltd. – Product / Service
Exhibit 156: First European Logistics Ltd. – Key offerings
12.13 Kerry Logistics Network Ltd.
Exhibit 157: Kerry Logistics Network Ltd. – Overview
Exhibit 158: Kerry Logistics Network Ltd. – Business segments
Exhibit 159: Kerry Logistics Network Ltd. – Key news
Exhibit 160: Kerry Logistics Network Ltd. – Key offerings
Exhibit 161: Kerry Logistics Network Ltd. – Segment focus
12.14 Kuehne and Nagel International AG
Exhibit 162: Kuehne and Nagel International AG – Overview
Exhibit 163: Kuehne and Nagel International AG – Business segments
Exhibit 164: Kuehne and Nagel International AG – Key offerings
Exhibit 165: Kuehne and Nagel International AG – Segment focus
12.15 Nippon Express Holdings Inc.
Exhibit 166: Nippon Express Holdings Inc. – Overview
Exhibit 167: Nippon Express Holdings Inc. – Business segments
Exhibit 168: Nippon Express Holdings Inc. – Key offerings
Exhibit 169: Nippon Express Holdings Inc. – Segment focus
12.16 Overland Total Logistics Services Sdn. Bhd.
Exhibit 170: Overland Total Logistics Services Sdn. Bhd. – Overview
Exhibit 171: Overland Total Logistics Services Sdn. Bhd. – Product / Service
Exhibit 172: Overland Total Logistics Services Sdn. Bhd. – Key offerings
12.17 SNCF Group
Exhibit 173: SNCF Group – Overview
Exhibit 174: SNCF Group – Business segments
Exhibit 175: SNCF Group – Key offerings
Exhibit 176: SNCF Group – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 177: Inclusions checklist
Exhibit 178: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 179: Currency conversion rates for US$
13.4 Research methodology
Exhibit 180: Research methodology
Exhibit 181: Validation techniques employed for market sizing
Exhibit 182: Information sources
13.5 List of abbreviations
Exhibit 183: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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