Road freight transport market size is estimated to grow by USD 130.56 billion from 2022 to 2027, Historic market size is valued at USD 312.15 billion in 2017 - Technavio

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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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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