NEW YORK, May 4, 2023 /PRNewswire/ — The “Road Haulage Market by Vehicle Type, Type, and Geography – Forecast and Analysis 2023-2027” report has been added to Technavio’s offering. The road haulage market size is estimated to grow by USD 1,313.38 million between 2022 and 2027 at a CAGR of 6.99% during the forecast period. APAC will account for 35% of the market growth during the forecast period. Improvements in the economic conditions of developing countries in APAC led to a rise in the purchasing power of consumers. This has increased sales in the e-commerce industry. As a result, the demand for road logistics is increasing in countries such as China, India, and Indonesia. In addition, government initiatives focusing on trade and foreign direct investment (FDI) are strengthening cross-border e-commerce logistics between countries in the region. All these factors are driving the growth of the road haulage market in APAC. For comprehensive details on the market size of the historic period (2017-2021) and forecast period (2023-2027) – View a Sample report
Technavio has announced its latest market research report titled Global Road Haulage Market 2023-2027
Vendor Landscape
The road haulage market is fragmented due to the presence of a substantial number of international and regional road haulage service-providing vendors. The market presents several growth opportunities, especially due to the growing demand for green logistics and digital transformation in the market, primarily in countries such as Germany, the UK, the US, and China. The current competition in the market is expected to increase with the increase in environmental regulations and the demand for technological improvements and other sophisticated features. The competition in the market is expected to be more intense during the forecast period, as vendors are diversifying their asset bases with new trucks that use alternative technologies such as natural gas or fuel cells. Some of the key vendors covered in the report include:
Caterpillar Inc. – The company offers road haulage services for domestic, cross-border, and intermodal.
CEVA Logistics AG – The company offers road haulage services for the Americas, Europe, and Asia.
Container Corp. of India Ltd. – The company offers road haulage services for raw materials, in-progress inventory, and finished goods.
DSV AS – The company offers road haulage services such as 3PL and 4PL.
BG Rodwell Ltd.
DB Schenker
Fercam Spa
FM Logistic
Gosselin Group
Ital Logistics Ltd.
KLG Europe
LKW WALTER Internationale Transportorganisation AG
Manitoulin Transport Inc.
Maxi Group Ltd
Mesaroli Spa
The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now
Market Dynamics
Major Driver – The market is driven by rapid growth in the e-commerce industry. The increased availability of low-cost smartphones and the rising penetration of the internet have fostered the growth of the e-commerce industry, especially across APAC. The rapid expansion of the middle-class population and the growing pool of online shoppers in countries such as China and India have increased the demand for e-commerce services. In addition, the convenience offered by e-commerce platforms has increased consumer preference for online shopping. This has resulted in a shift in the focus toward digital marketplaces among manufacturers. Thus, road haulage service providers have been adopting new strategies to support the increasing e-commerce sales. All these factors are driving the growth of the market.
Key Trend – The use of alternative fuels is identified as the key trend in the market. Increasing manufacturing costs, stringent regulations, and growing environmental concerns have led manufacturers to opt for alternative fuels in road freight vehicles that deliver products. Some of the alternative fuels used by manufacturers include natural gas, biodiesel, and propane. Natural gas is further categorized into three types, namely compressed natural gas (CNG), liquified natural gas (LNG), and landfill gas. These gases burn efficiently and produce comparatively lesser greenhouse gases compared to fossil fuels. The use of such alternative fuels also aids in energy security and ensures significant cost reductions. This trend is expected to foster market growth during the forecast period.
Major Challenge – The shortage of heavy vehicle drivers is identified as the major challenge in the market. The market is experiencing a shortage of drivers for HCVs in the transportation industry worldwide. For instance, between October 2018 and January 2019, driver shortage across the freight transport sector was 20% to 22% in Europe. Fading interest and the lack of women and the young population opting for driving as a profession are some of the key factors resulting in the decline in the number of truck drivers. In addition, the increasing average age of drivers is expected to further impact the growth of the market during the forecast period.
Company Profiles
The road haulage market report includes information on the product launches, sustainability, and prospects of leading vendors, including AM Cargo Ltd., BG Rodwell Ltd., Caterpillar Inc., CEVA Logistics AG, Container Corp. of India Ltd., DB Schenker, DSV AS, Fercam Spa, FM Logistic, Gosselin Group, Ital Logistics Ltd., KLG Europe, LKW WALTER Internationale Transportorganisation AG, Manitoulin Transport Inc., Maxi Group Ltd, Mesaroli Spa, Monarch Transport Ltd., Siemens AG, SLH Transport Inc., and Woodside Haulage Holdings Ltd.
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Competitive Analysis
The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.
Market Segmentation
By vehicle type, the market is classified into heavy commercial vehicles and light commercial vehicles.
By type, the market is classified into domestic road haulage and international road haulage.
By geography, the market is classified into APAC, North America, Europe, South America, and Middle East and Africa.
Related Reports:
The road freight transport market is estimated to grow at a CAGR of 6.03% between 2022 and 2027. The size of the market is forecasted to increase by USD 130.56 billion. The market is segmented by vehicle type (medium, heavy commercial vehicle, and light commercial vehicle), end-user (manufacturing, automotive, consumer goods, food and beverage, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The freight logistics market is estimated to grow at a CAGR of 5.74% between 2022 and 2027. The size of the market is forecasted to increase by USD 319.65 million. The market is segmented by type (road, maritime, rail, and air), end-user (manufacturing, automotive, consumer goods, food and beverage, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
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Road Haulage Market Scope |
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Report Coverage |
Details |
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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 6.99% |
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Market growth 2023-2027 |
USD 1,313.38 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
5.77 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 35% |
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Key countries |
US, Canada, China, India, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AM Cargo Ltd., BG Rodwell Ltd., Caterpillar Inc., CEVA Logistics AG, Container Corp. of India Ltd., DB Schenker, DSV AS, Fercam Spa, FM Logistic, Gosselin Group, Ital Logistics Ltd., KLG Europe, LKW WALTER Internationale Transportorganisation AG, Manitoulin Transport Inc., Maxi Group Ltd, Mesaroli Spa, Monarch Transport Ltd., Siemens AG, SLH Transport Inc., and Woodside Haulage Holdings Ltd. |
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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 Type
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 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
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 haulage market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global road haulage market 2017 – 2021 ($ million)
4.2 Vehicle type Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Vehicle type Segment 2017 – 2021 ($ million)
4.3 Type Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
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 Heavy commercial vehicles – Market size and forecast 2022-2027
Exhibit 34: Chart on Heavy commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Heavy commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Heavy commercial vehicles – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Heavy commercial vehicles – Year-over-year growth 2022-2027 (%)
6.4 Light commercial vehicles – Market size and forecast 2022-2027
Exhibit 38: Chart on Light commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Light commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Light commercial vehicles – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Light commercial vehicles – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Vehicle Type
Exhibit 42: Market opportunity by Vehicle Type ($ million)
Exhibit 43: Data Table on Market opportunity by Vehicle Type ($ million)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 44: Chart on Type – Market share 2022-2027 (%)
Exhibit 45: Data Table on Type – Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 Domestic road haulage – Market size and forecast 2022-2027
Exhibit 48: Chart on Domestic road haulage – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Domestic road haulage – Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Domestic road haulage – Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Domestic road haulage – Year-over-year growth 2022-2027 (%)
7.4 International road haulage – Market size and forecast 2022-2027
Exhibit 52: Chart on International road haulage – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on International road haulage – Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on International road haulage – Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on International road haulage – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 56: Market opportunity by Type ($ million)
Exhibit 57: Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 59: Chart on Market share by geography 2022-2027 (%)
Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 63: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 North America – Market size and forecast 2022-2027
Exhibit 67: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.5 Europe – Market size and forecast 2022-2027
Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 75: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 79: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 83: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 China – Market size and forecast 2022-2027
Exhibit 87: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on China – Year-over-year growth 2022-2027 (%)
9.10 UK – Market size and forecast 2022-2027
Exhibit 91: Chart on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.11 India – Market size and forecast 2022-2027
Exhibit 95: Chart on India – Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on India – Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on India – Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on India – Year-over-year growth 2022-2027 (%)
9.12 Canada – Market size and forecast 2022-2027
Exhibit 99: Chart on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Canada – Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Canada – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 103: Market opportunity by geography ($ million)
Exhibit 104: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 AM Cargo Ltd.
Exhibit 111: AM Cargo Ltd. – Overview
Exhibit 112: AM Cargo Ltd. – Product / Service
Exhibit 113: AM Cargo Ltd. – Key offerings
12.4 BG Rodwell Ltd.
Exhibit 114: BG Rodwell Ltd. – Overview
Exhibit 115: BG Rodwell Ltd. – Product / Service
Exhibit 116: BG Rodwell Ltd. – Key offerings
12.5 Caterpillar Inc.
Exhibit 117: Caterpillar Inc. – Overview
Exhibit 118: Caterpillar Inc. – Business segments
Exhibit 119: Caterpillar Inc. – Key offerings
Exhibit 120: Caterpillar Inc. – Segment focus
12.6 CEVA Logistics AG
Exhibit 121: CEVA Logistics AG – Overview
Exhibit 122: CEVA Logistics AG – Business segments
Exhibit 123: CEVA Logistics AG – Key news
Exhibit 124: CEVA Logistics AG – Key offerings
Exhibit 125: CEVA Logistics AG – Segment focus
12.7 Container Corp. of India Ltd.
Exhibit 126: Container Corp. of India Ltd. – Overview
Exhibit 127: Container Corp. of India Ltd. – Business segments
Exhibit 128: Container Corp. of India Ltd. – Key news
Exhibit 129: Container Corp. of India Ltd. – Key offerings
Exhibit 130: Container Corp. of India Ltd. – Segment focus
12.8 DSV AS
Exhibit 131: DSV AS – Overview
Exhibit 132: DSV AS – Business segments
Exhibit 133: DSV AS – Key offerings
Exhibit 134: DSV AS – Segment focus
12.9 Fercam Spa
Exhibit 135: Fercam Spa – Overview
Exhibit 136: Fercam Spa – Product / Service
Exhibit 137: Fercam Spa – Key offerings
12.10 FM Logistic
Exhibit 138: FM Logistic – Overview
Exhibit 139: FM Logistic – Product / Service
Exhibit 140: FM Logistic – Key offerings
12.11 Gosselin Group
Exhibit 141: Gosselin Group – Overview
Exhibit 142: Gosselin Group – Product / Service
Exhibit 143: Gosselin Group – Key news
Exhibit 144: Gosselin Group – Key offerings
12.12 LKW WALTER Internationale Transportorganisation AG
Exhibit 145: LKW WALTER Internationale Transportorganisation AG – Overview
Exhibit 146: LKW WALTER Internationale Transportorganisation AG – Product / Service
Exhibit 147: LKW WALTER Internationale Transportorganisation AG – Key offerings
12.13 Manitoulin Transport Inc.
Exhibit 148: Manitoulin Transport Inc. – Overview
Exhibit 149: Manitoulin Transport Inc. – Product / Service
Exhibit 150: Manitoulin Transport Inc. – Key offerings
12.14 Monarch Transport Ltd.
Exhibit 151: Monarch Transport Ltd. – Overview
Exhibit 152: Monarch Transport Ltd. – Product / Service
Exhibit 153: Monarch Transport Ltd. – Key offerings
12.15 Siemens AG
Exhibit 154: Siemens AG – Overview
Exhibit 155: Siemens AG – Business segments
Exhibit 156: Siemens AG – Key news
Exhibit 157: Siemens AG – Key offerings
Exhibit 158: Siemens AG – Segment focus
12.16 SLH Transport Inc.
Exhibit 159: SLH Transport Inc. – Overview
Exhibit 160: SLH Transport Inc. – Product / Service
Exhibit 161: SLH Transport Inc. – Key offerings
12.17 Woodside Haulage Holdings Ltd.
Exhibit 162: Woodside Haulage Holdings Ltd. – Overview
Exhibit 163: Woodside Haulage Holdings Ltd. – Product / Service
Exhibit 164: Woodside Haulage Holdings Ltd. – Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 165: Inclusions checklist
Exhibit 166: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 167: Currency conversion rates for US$
13.4 Research methodology
Exhibit 168: Research methodology
Exhibit 169: Validation techniques employed for market sizing
Exhibit 170: Information sources
13.5 List of abbreviations
Exhibit 171: List of abbreviations
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