Road Haulage Market Outlook 2030 -
Road haulage refers to business of transporting goods by road. Significant increase in global truck production has complemented growing demand for freight in industries such as retail and manufacturing. Trucks are most flexible, responsive, and economical freight transportation preferred by distributors for transportation of a variety of goods. Road transportation services are used in multiple applications in different industries, such as mining and construction, oil & gas, food & beverages, retail, manufacturing, healthcare, and automobiles. In addition, growth of automotive and transportation sectors has largely contributed toward expansion of the market. Road haulage companies focus on integrating logistics technology into their transportation services to expand their customer base. Reduction in freight rates has led to intensified price competition among major players in this field. Companies operating in the road haulage market are also emphasizing on improving the customer experience by using technologies such as autonomous vehicles and GPS to reduce the operating costs of road transportation services. In addition, many technological developments such as smart supply chains, vehicle-to-vehicle communication, and autonomous driving are changing the transport industry, which, in turn, propel global demand for road haulage services.
COVID-19 Scenario Analysis:
Economic factors affecting the market, such as purchasing power, directly influences the market growth, as there is no demand during COVID-19 and road haulage companies are suffering heavy loss. With restricted movement of population around the world, as well as complete lockdown in several countries including India, the manufacturing sector is also affected by economic fallout from the pandemic and it directly affects road haulage companies. Road haulage companies have faced tremendous losses due to complete lockdown as there was shortage of truck drivers and workforce. Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted supply chain of numerous industries across the globe, which affected road haulage companies, however, distribution of vaccine and emergency medical supplies has helped the sector survive during the pandemic.
Top impacting factor
- Growth in the global online retail industry, improved road infrastructure, and growth in foreign investments drive growth of the market.
- Need to adhere to stringent emission norms, massive shortage of heavy-duty vehicle drivers, rise in diesel prices, and high risk of road traffic injuries is expected to hamper growth of the market.
- Introduction of self-driven trucks and introduction of new logistics methods offer new growth opportunities to the road haulage market.
The automotive road haulage market trends are as follows:
Rise in global online retail industry
Global online retail industry has created a demand for fast package delivery. Growth of the e-commerce industry has led to emergence of new service requirements such as express deliveries. Rapid popularity of smart phones and continuous increase in global internet penetration and future growth prospects of the e-commerce industry may soon increase demand for road transportation. Numerous e-commerce retail companies are making large investments in building their supply chain networks and capabilities to enhance customer experience. In addition, continuous development of industrialization and increased investment in optimizing package delivery process further provides a way for market expansion.
Key benefits of the report:
- This study presents the analytical depiction of the road haulage industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the road haulage market.
- The current market is quantitatively analyzed to highlight the road haulage market growth scenario.
- The report provides a detailed road haulage market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the road haulage market research report:
- Which are the leading market players active in the road haulage market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the road haulage market?
- What are the projections for the future that would help in taking further strategic steps?
Road Haulage Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Vehicle Type |
|
 By End User |
|
 By Region |
|
 Key Market Players | UK Haulier., LKW WALTER International Transport organization AG, Kindersley Transport Ltd., AM Cargo, SLH Transport Inc., Woodside Logistics Group, Gosselin Group, CONCOR, Monarch Transport, Manitoulin Transport Inc. |
Loading Table Of Content...
