Road Transport Logistics Market to Reach USD 6.9 trillion, Globally, by 2034 at 5.7% CAGR : Allied Market Research
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๐๐ซ๐ข๐ฆ๐ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐๐ง๐ญ๐ฌ ๐จ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The growth of the global road transport logistics market is primarily driven by rising e-commerce activity, growing international and domestic trade, and the increasing demand for faster and more efficient delivery services. Advancements in vehicle technology, including telematics and fleet management systems, have improved operational efficiency and route optimization. Infrastructure development and government initiatives to enhance road connectivity further support market expansion. Additionally, the growing need for temperature-controlled transportation for pharmaceuticals and perishable goods boosts demand. The shift toward sustainable logistics and the integration of electric and alternative-fuel vehicles are also shaping the future of the road transport logistics market.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/A325751
๐๐ก๐ ๐๐ข๐ ๐ก๐ญ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
On the basis of vehicle type, the light commercial vehicles segment held the highest market share in 2024, accounting for more than two-fifths of the global road transport logistics market revenue.โฏThis dominance is attributed to the growing demand for last-mile delivery services, particularly driven by the expansion of the e-commerce sector. LCVs offer flexibility, cost-effectiveness, and easy navigation through urban and semi-urban areas, making them ideal for transporting goods over short distances. Their lower fuel consumption and maintenance costs compared to heavy-duty vehicles also contribute to their widespread adoption.โฏHowever, the heavy commercial vehicles segment is projected to manifest the fastest CAGR of 7.4% from 2024 to 2034, This is due to increase in demand for long-haul freight transport, infrastructure development, and advancements in vehicle technology. The expansion of e-commerce and global trade necessitates robust logistics solutions, further propelling the HCV market.
๐๐ก๐ ๐ฐ๐ก๐จ๐ฅ๐๐ฌ๐๐ฅ๐ ๐๐ง๐ ๐ซ๐๐ญ๐๐ข๐ฅ ๐ญ๐ซ๐๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
On the basis of end user, the wholesale and retail trade held the highest market share in 2024, accounting for more than one-fourth of the global road transport logistics market revenue.โฏThis isโฏdue to the surge in consumer demand and the rapid expansion of organized retail and e-commerce channels worldwide. Retailers and wholesalers rely heavily on road transport logistics to ensure timely and efficient delivery of goods across distribution centers, stores, and customers. The need for flexible, responsive supply chains and real-time inventory management has also driven investment in advanced logistics solutions within this segment, further reinforcing its dominant role in the market.โฏHowever, the oil and gas segment is projected to manifest the fastest CAGR of 10.6% from 2024 to 2034, This is due to the increase in demand for energy resources, particularly natural gas and refined petroleum products, which require efficient and reliable transportation networks.
๐๐ก๐โฏ๐๐ซ๐๐ข๐ ๐ก๐ญ ๐๐จ๐ซ๐ฐ๐๐๐ข๐ง๐ โฏ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
On the basis of service type, the freight forwading segment held the highest market share in 2024, accounting for more than two-fifths of the global road transport logistics market revenue.โฏThis dominance is driven by its critical role in coordinating shipments, managing documentation, and offering multimodal transport solutions, helping businesses streamline supply chains and reduce operational complexities and costs.โฏHowever, the third party logistics segment is projected to manifest the fastest CAGR of 7.7% from 2024 to 2034, This is due to the surge in e-commerce, globalization of supply chains, and the need for cost-effective logistics solutions. By outsourcing logistics functions, companies can focus on core competencies while leveraging 3PL providers' expertise in transportation, warehousing, and distribution.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/road-transport-logistics-market/purchase-options
๐๐ก๐ ๐๐จ๐ฆ๐๐ฌ๐ญ๐ข๐โฏ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
On the basis of destination, the domestic segment held the highest market share in 2024, accounting for more than two-thirds of the global road transport logistics market revenue.โฏThis is primarilyโฏdue to the robust demand for regional transportation services, facilitated by increased local production, consumer demand, and the need for efficient delivery within national borders.โฏHowever, the international segment is projected to manifest the fastest CAGR of 8.6% from 2023 to 2033, This is due to increase in cross-border trade, globalization, and advancements in transportation infrastructure. Enhanced connectivity and trade agreements facilitate smoother and more efficient movement of goods across borders, boosting demand for international logistics services.
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐โฏ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ฒ ๐๐๐๐
On the basis of region, Asia-pacific held the highest market share in terms of revenue in 2024, accounting more than two-fifths of the global road transport logistics market revenue.โฏThis dominance is driven by robust economic growth, substantial infrastructure investments, and the expansion of e-commerce across key markets such as China, India, and Southeast Asia. The region's extensive manufacturing base and increasing consumer demand further bolster the need for efficient logistics solutions.
However, Europe is expected to witness the fastest CAGR of 8.1% from 2024 to 2034, this is driven by factors such as increasing cross-border trade, advancements in transportation infrastructure, and the rise of e-commerce.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ : -
DHL GROUP
United Parcel Service of America, Inc.
FedEx
Kuehne+Nagel
DSV
CEVA Logistics
DB Schenker
C.H. Robinson Worldwide, Inc.
J.B. Hunt Transport Services, Inc.
Geodis SA
๐๐๐ญ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A325751
The report provides a detailed analysis of these key players of the global Road transport logistics market. These players have adopted different strategies such as expansion and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
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๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
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