Road Haulage Market size is set to grow by USD 1,313.38 million from 2022 to 2027; the use of alternative fuels to be a significant market trend - Technavio

NEW YORK, June 20, 2023 /PRNewswire/ -- The global road haulage market size is estimated to grow by USD 1,313.38 million from 2022 to 2027 at a CAGR of 6.99% during the forecast period. APAC is estimated to account for 35% of the market growth. 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 more insights on the historic period (2017 to 2021), and forecast market size (2023 to 2027) - Request a sample report

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Road Haulage Market - Segmentation Assessment
Segment Overview
This road haulage market report extensively covers market segmentation by vehicle type (heavy commercial vehicles and light commercial vehicles), type (domestic road haulage and international road haulage), and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

• The road haulage market share growth by the heavy commercial vehicle segment will be significant during the forecast period. Larger shipments, especially the ones that occupy more than half and up to the full capacity of a 48-foot or 53-foot trailer typically use HCVs. HCV like full truckload freight transportation, involves the movement of goods by surface transport carriers, such as trucks and trailers. They also include refrigerated trucks that are used for the transportation of temperature-sensitive products. Along with providing logistics services, road freight service providers also provide value-added services, such as loading and unloading, documentation, door-to-door delivery, and packaging. Hence, such developments regarding electrification will positively impact the growth of the global market through the HCVs segment during the forecast period.

Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Road Haulage Market – Market Dynamics
Key factor driving market growth
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.

Leading trends influencing the market 

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 challenges hindering the market growth

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.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this road haulage market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the road haulage market between 2023 and 2027
• Precise estimation of the size of the road haulage market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the road haulage market across APAC, North America, Europe, South America, and Middle East and Africa
• 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 haulage 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 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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