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  • Road haulage market drives by growth of e-commerce, supply chain efficiency, and economic expansion and expanded worldwide trade

    Road haulage Market Grow at CAGR of 5.90% by 2032

    Report Details:
    15 Companies Covered
    128 Pages

    The growth of e-commerce and online shopping has considerably raised the need for quick and efficient delivery of goods, supply chain efficiency, and economic expansion and expanded worldwide trade is expected to drive market expansion in the near future at a CAGR of 5.90% during the forecast period 2023 to 2032.


    Market Research Future (MRFR) has published a cooked research report on the “Global Road haulage Market that contains information from 2018 to 2032. The Road haulage market is estimated to register a CAGR of 5.90% during the forecast period of 2023 to 2032.


    MRFR recognizes the following companies as the key players in the global Road haulage market— Manitoulin Transport Inc., Woodside Logistics Group, SLH Transport Inc., Gosselin Group, LKW WALTER International Transport organization AG, AM Cargo, Kindersley Transport Ltd., UK Haulier., Monarch Transport, CONCOR and others.


    Road Haulage Highlights


    The global road haulage market growth is accounted to register a CAGR of 5.90% during the forecast period and is estimated to reach USD 5284.8 Billion by 2032.


    The road haulage market thrives as a crucial component of the logistics industry, responsible for transporting goods across land, benefitting from globalization and e-commerce growth.


    Segment Analysis


    The global road haulage market has been segmented based type, vehicle type and end user.


    On the basis of type, the market is segmented into international road haulage and domestic road haulage. The domestic road haulage segment dominated the market in 2022. Domestic road haulage enterprises are able to provide delivery services that are more timely and efficient than those offered by international road haulage companies due to the shorter distances involved and their familiarity with local road networks.  


    Based on vehicle type, the global road haulage market has been segmented into light commercial vehicles and heavy commercial vehicles. The heavy commercial vehicles segment dominated the market in 2022. Heavy commercial vehicles must occasionally be used to transport a variety of items across great distances, including food, liquids, raw materials, and finished goods.


    Based on end user, the global road haulage market has been segmented into food & beverage, retail, manufacturing, healthcare, automotive, mining & construction, oil & gas, and other industries. In 2022, the manufacturing category produced the most revenue. The interconnection of the global economy is leading to an increase in the volume of items traded globally.


    Regional Analysis


    The global Road haulage market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Road haulage market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Road haulage market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Road haulage market comprises of Middle East, Africa, and Latin America.


    The North America road haulage market dominated this market in 2022 (45.80%). The United States and Mexico both have a large number of manufacturing centers, including those for the automotive, electronics, and aerospace industries. Effective road haulage services are necessary for delivering raw materials, components, and finished items to assembly plants and distribution centers.


    Moreover, the second-largest market share belongs to the European road haulage sector. Two examples of the multiple trade blocs and agreements that exist in Europe are the European Union (EU) and the European Economic Area (EEA). By making it simpler for goods to cross international borders, these agreements promote cross-border trucking and raise the need for effective logistics and transportation services.


    Additionally, the Asia-Pacific road haulage market is expected to grow at the fastest CAGR from 2023 to 2032. As global manufacturing powerhouses, Asia-Pacific countries now produce everything from textiles to electronics. To move raw materials, intermediate goods, and finished goods around intricate manufacturing networks, effective road haulage solutions are needed.


    Furthermore, the rest of the world's road haulage market is divided into the Middle East, Africa, and Latin America. The growth of trade and e-commerce in Latin America supports the region's road haulage business, which is essential to the region's logistics system for effective products transportation.


    Key Findings of the Study



    • The global road haulage market is expected to reach USD 5284.8 Billion by 2032, at a CAGR of 5.90% during the forecast period.

    • The Asia-Pacific region accounted for the fastest-growing global market Asia-Pacific nations have developed into global manufacturing powerhouses, producing everything from textiles to electronics.

    • Based on end user, the automotive segment was attributed to holding the largest market in 2022.

    • Manitoulin Transport Inc., Woodside Logistics Group, SLH Transport Inc., Gosselin Group, LKW WALTER International Transport organization AG, AM Cargo, Kindersley Transport Ltd., UK Haulier., Monarch Transport, CONCOR and others.