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Road Haulage Market to Raise Expressively with Revenue $4,071.7 Billion By 2025

The global road haulage market size is anticipated to generate revenue of USD 4,071.7 billion by 2025. It is also expected to register a 5.5% CAGR during the forecasted period, 2019 to 2025.

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Road Haulage Market to Raise Expressively with Revenue $4,071.7 Billion By 2025

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  1. Road Haulage Market to Raise Expressively with Revenue $4,071.7 Billion By 2025 “The global road haulage market size is anticipated to generate revenue of USD 4,071.7 billion by 2025. It is also expected to register a 5.5% CAGR during the forecasted period, 2019 to 2025. The rising need for cargo transport and the emergence of e-commerce industry is projected to boost the market growth in the upcoming years.” The global road haulage market size is anticipated to generate revenue of USD 4,071.7 billion by 2025. It is also expected to register a 5.5% CAGR during the forecasted period, 2019 to 2025. The rising need for cargo transport and the emergence of e-commerce industry is projected to boost the market growth in the upcoming years. In 2018, the Heavy-duty commercial vehicles segment accounted for a share exceeding 80.0% across the globe due to rising need for transportation of heavy goods over a long haul. On the other hand, light commercial vehicles segment is projected to register 8.0% CAGR in the upcoming years on account of rising demand for delivery services at the local level. The food and beverage segment dominated the global market, in 2018 due to the surging demand for perishable food items like vegetables, fruits, and other commodities. While, the segments of retail, mining & construction and oil & gas accounted for an overall share of 37% across the market. In 2018, the Asia Pacific held the largest share across the global market due to increasing foreign investments coupled with enhanced road infrastructure across countries like India and China. While North America is also expected to hold a significant share on account of rising trade activities coupled with the huge highway network across this region. The road haulage market includes key players such as CONCOR, Kindersley Transport Ltd., Gosselin Group, Monarch Transport, and SLH Transport Inc. These players are engaged in implementing strategies like partnerships to widen their global reach. Moreover, rapid technological advances are being carried out by these players to reduce their operational costs. Further key findings from the report suggest: • Heavy-duty commercial vehicles segment dominated the global market with share exceeding 80% across the global market.

  2. • The application segment of food and beverage is anticipated to register a CAGR of 6.0% during the forecasted years, 2019 to 2025. • Asia Pacific held the largest share across the global market in 2018. • The key players in this market are CONCOR, Kindersley Transport Ltd., Gosselin Group, Monarch Transport, and SLH Transport Inc. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-road-haulage-market Million Insights has segmented the global road haulage market on the basis of type, vehicle type, application, and region: Road Haulage Type Outlook (Revenue, USD Billion, 2014 - 2025) • International Road Haulage • Domestic Road Haulage Road Haulage Vehicle Type Outlook (Revenue, USD Billion, 2014 - 2025) • Light Commercial Vehicles • Heavy Commercial Vehicles Road Haulage Application Outlook (Revenue, USD Billion, 2014 - 2025) • Mining & Construction • Oil & Gas • Food & Beverage • Retail • Manufacturing • Healthcare • Automotive • Others

  3. Road Haulage Regional Outlook (Revenue, USD Billion, 2014 - 2025) • North America • U.S. • Canada • Europe • U.K. • Germany • France • Italy • Asia Pacific • China • India • Japan • Latin America • Brazil • Mexico • Middle East &Africa See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/automotive-and-transport

  4. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184

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