Global Road Haulage Market Report and Forecast 2024-2032

Global Road Haulage Market Outlook

The global road haulage market is expected to grow at a CAGR of 5.80% between 2024 and 2032, reaching a value of USD 5.98 billion by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Trends in the Market

Road haulage is the transportation of goods by means of roadways, typically through large trucks or specialised larger vehicles. It can be used to transport goods from manufacturers to retailers, raw goods suppliers to manufacturers, or any other end-users requiring long distance transport of bulk items. Haulage typically involves long distance travel to pre-planned locations for large as well as small deliveries. 

• Increase in the production and manufacturing of cost-efficient trucks has increased the preference of various industries to ship by road, thereby helping in the growth of the road haulage market.

• The growing popularity of electric trucks and vehicles is supporting the market for road haulage as such vehicles are not dependent on fluctuating prices. With greater efficiency, electric vehicles are a key trend in road haulage.

• As numerous industries such as oil and gas, food and beverages, automobile, mining and construction, and healthcare increase their distribution and shipments to nearby regions, road haulage is increasing in demand.

• Improvements in roadways worldwide, supported by investments by various governments, are encouraging the use of roads for long-distance transportation and road haulage. Dedicated times and lanes for transport are also bolstering the demand for road haulage.

Market Analysis

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on type, the market can be divided into domestic, and international, among others. On the basis of vehicle type, the market is bifurcated into light commercial vehicle and heavy commercial vehicle. By application, the market is categorised into automotive, mining and construction, healthcare, oil and gas, retail, food and beverage, and others. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global road haulage market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

• J.B. Hunt Transport, Inc.

• Knight-Swift Transportation Holdings Inc.

• Yellow Corporation

• Schenker AG

• Landstar System Holdings, Inc.

• Kuehne + Nagel International AG

• Seino Holdings Co., Ltd.

• Old Dominion Freight Lie, Inc.

• Kindersley Transport Ltd.

• Gosselin Group

• Others

Market Share by Type

The domestic type has held the largest share in the road haulage market owing to its demand in larger nations, and minimal barriers such as border crossing protocols. Domestic road haulage is more economical as compared to the international deliveries and is useful for larger companies with multiple locations within a country. As various countries push for increased domestic production, road haulage demand domestically will increase further. International segment is also expected to observe growth in the forecast period, supported by trade agreements and relaxations in import duty and tax. 

Market Share by Vehicle Type

Heavy commercial vehicles are expected to heave a leading position in the road haulage market, due to larger companies and manufacturers shipping high volumes of products. Transportation of heavy goods across long distances typically requires heavy commercial vehicles, increasing their production. With rising fuel prices and labour costs, its often more cost-effective to send larger rather than smaller shipments.

Light commercial vehicles are observed to witness growth in the market because of the increasing demand for niche deliveries across long distances. With the growth of small and medium enterprises and manufacturers involved in low-volume production, the demand for light commercial vehicles is on the rise. Such vehicles tend to be faster and easier to drive, increasing their suitability for urgent deliveries. 

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape

J.B. Hunt Transport, Inc. was established in 1961 and is headquartered in Arkansas, United States. It is a transportation and logistics company that deals with technology-based freight shipping for both small and large businesses. 

Knight-Swift Transportation Holdings Inc. founded in 1990 is based out of Arizona, United States. It is a motor carrier holding company that provides various truckload services to its customers across various industries. 

Yellow Corporation was founded in 1929 and has its headquarter in Kansas, United States. It is a transportation holding company that is known for providing heavy weight shipments and supply chain solutions to its customers. 

Other market players include Schenker AG, Landstar System Holdings, Inc., Kuehne + Nagel International AG, Seino Holdings Co., Ltd., Old Dominion Freight Lie, Inc., Kindersley Transport Ltd., and Gosselin Group, among others.

Key Highlights of the Report