The road logistics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Road Logistics Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The road logistics market size has grown strongly in recent years. It will grow
from $2,118.72 billion in 2023 to $2,273.24 billion in 2024 at a compound
annual growth rate (CAGR) of 7.3%. The growth in the historic period can be
attributed to rise of platform-based logistics, good quality transport
infrastructure, customer experience focus.
The road logistics market size is expected to see strong growth in the next few
years. It will grow to $2,870.35 billion in 2028 at a compound annual growth
rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to
growing consumer expectations, infrastructure development, rise of e-commerce,
demand from the medical and healthcare industry. Major trends in the forecast
period include technological advancements, product innovations, partnerships,
and investments.
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Scope Of Road Logistics Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Road Logistics Market Overview
Market Drivers -
Growth in e-commerce is expected to propel the growth of the road logistics
market going forward. Electronic commerce, or e-commerce, is the term used to
describe the purchasing and selling of goods and services via the Internet. It
entails an online transaction involving two parties, typically a business and a
customer, for the payment and delivery of goods or services. Since road freight
transit is the main mode of transportation for e-commerce, particularly for
last-mile deliveries and suppliers transferring goods for distribution, road
logistics play a critical role in the e-commerce industry. There is an
opportunity for logistics companies to improve their delivery times as a result
of the growth of e-commerce and the resulting demand for faster delivery times.
For instance, in November 2023, according to the United States Census Bureau, a
US-based government agency, e-commerce sales in the third quarter of 2023
accounted for 15.6% of total sales. On a not-adjusted basis, the estimate of
U.S. retail e-commerce sales for the third quarter of 2023 totaled $271.7
billion, an increase of 0.9% (±0.4%) from the second quarter of 2023.
Therefore, the growth in e-commerce is driving the expansion of the road
logistics market.
Market Trends -
Major companies operating in the road logistics market are focused on
introducing advanced road logistics digital solutions, to drive their revenues
in the market. An advanced road logistics digital solution encompasses the use
of digital technologies to enhance and optimize various aspects of road freight
transportation and logistics. For instance, in October 2021, DP World, a United
Arab Emirates-based logistics company, launched CARGOES Logistics, a new
digital logistics solution offering quick online cargo booking, incredibly
effective transportation, and sophisticated tracking from point of origin to
point of destination. The platform offers clients a one-window solution that
makes moving cargo easy, safe, secure, and productive. Customers may send
freight by rail, sea, or road, obtain immediate prices, expedite booking
confirmation, and select from a variety of safe payment options with CARGOES
Logistics in just three easy steps: search, choose, and book
The road logistics market covered in this report is segmented –
1) By Type: Truckload, Less Than Truckload, Parcel, Same Day
2) By Application: Domestic, International
3) By End User: Industrial And Manufacturing, Retail, Healthcare, Oil And Gas
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Regional Insights -
Asia-Pacific was the largest region in the road logistics market in 2023. The
regions covered in the road logistics market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major companies operating in the road logistics market are DHL International
GmbH, Deutsche Post AG, United Parcel Service Inc., FedEx Corp., Xiamen Xiangyu
Co. Ltd. , CEVA Logistics Inc., Kuehne Nagel Management AG, Noatum Logistics
USA LLC, Penske Corp., C H Robinson Worldwide Inc., J.B. Hunt Transport
Services Inc., Ryder System Inc., XPO Logistics Inc., Knight Swift
Transportation Holdings Inc., Schneider National Inc., ArcBest Corp., Yellow
Corp., GEFCO S.A., Saltchuk, Werner Enterprises Inc., Bennett International
Group LLC, AAA Cooper Transportation Inc., Agility Public Warehousing Co.
K.S.C.P, Quantix SCS Inc., Acme Truck Line Inc., LT Harnett Trucking Inc., RD
Logistics Inc., World Trade Logistics Inc., Cannon Logistics LLC, Sea Transport
Management WA, Just International Logistics Co. Ltd.
Table of Contents
1. Executive Summary
2. Road Logistics Market Report Structure
3. Road Logistics Market Trends And Strategies
4. Road Logistics Market – Macro Economic Scenario
5. Road Logistics Market Size And Growth
…..
27. Road Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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