Road Freight Transportation Market Size, Future Scope, Growth, Share, Trend Analysis, Outlook, Key Players, Business Demand and Forecast 2029
Road freight is the transportation of products from one place to another (a loading and unloading point) over a road network using motor vehicles. Commercial road freight transport is the commercial transportation of products by logistics companies or forwarders. Thus, in-house transfers organized by the organizations themselves, such as between separate corporate sites within the context of internal manufacturing processes, are not regarded as commercial freight transport.
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Road Freight Transportation Market Overview:
Extensive Road Freight Transportation market analysis is carried out by attentively monitoring important product positioning and the market framework's top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the Road Freight Transportation market.
Road Freight Transportation Market size was valued at USD 3.68 Trillion in 2021 and the total Road Freight Transportation revenue is expected to grow by 5.0% from 2022 to 2029, reaching nearly USD 5.44 Trillion.
Road Freight Transportation Market Scope:
This research on the Road Freight Transportation industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of Road Freight Transportation utilizing internal and external private information, as well as relevant patent and regulatory sources.
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Road Freight Transportation Market Segmentation:
By Vehicle Type, the Light Commercial Vehicles segment is expected to grow rapidly during the forecast period for the Road Freight Transportation market. People, products, and services are transported in light commercial vehicles. North America is the key region responsible for light commercial vehicle production. The light commercial vehicle is composed of several tiny systems such as interior and exterior systems, steering systems, chassis systems, and so on. Because of the great development in commerce and transportation in the Asia-Oceania area, the manufacturing of light commercial vehicles in this region has increased. The rising demand for light commercial vehicles in the European area is expected to increase the market for more modern light commercial vehicles with lower emissions and total vehicle weight during the forecast period.
Road Freight Transportation Market Key Players:
• Cargo Carriers Limited
• Schenker AG
• Kuehne + Nagel International AG
• CJ Logistics Corporation
• DHL Global Forwarding
• Kerry Logistics Network Limited
• TNT Express
• CEVA Logistics
• GEODIS SA
• DSV Panalpina A/S
• Overland Total Logistics Services (M) Sdn Bhd
• Nippon Express, and GEFCO S.A.
• Alkom-Trans SIA
• DB Schenker
• Deutsche Post AG (DHL Group)
• Fercam S.p.A.
• First European Logistics Ltd.
• FM Logistic
• Gondrand Group
• Ital Logistics Ltd.
• KLG Europe
• Kuehne + Nagel, Inc.
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A team of research professionals updates and amends our data regularly to reflect the most recent trends and facts. To fulfill the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff uses proprietary data sources as well as a range of additional approaches. The key players in the Road Freight Transportation business are...
Regional Analysis:
The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.
COVID-19 Impact Analysis on Road Freight Transportation Market:
The spread of the COVID-19 pandemic has had a wide-ranging influence on people's lives all around the world. Markets have been forced to adopt new norms, trends, and tactics as a result. Essentially, the study report tries to paint a picture of the market's initial and future projections.
Key Questions Answered in the Road Freight Transportation Market Report are:
What will be the CAGR of the Road Freight Transportation market during the forecast period?
Which segment emerged as the leading segment in the Road Freight Transportation market?
Which are the prominent players in the Road Freight Transportation market?
What will be the Road Freight Transportation market size by 2027?
Which company held the largest share in the Road Freight Transportation market?
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