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.
To download the sample PDF of “Global Road Haulage Market” please click here: https://www.millioninsights.com/industry-reports/global-road-haulage-market/request-sample
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.
To browse report summary & detailed TOC, please click the link below:
Further key findings from the report suggest:
• Heavy-duty commercial vehicles segment dominated the global market with share exceeding 80% across the global market.
• 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.
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
Road Haulage Regional Outlook (Revenue, USD Billion, 2014 – 2025)
• North America
• Asia Pacific
• Latin America
• Middle East &Africa
Read the Latest Press Releases available with Million Insights:
1. Electronic Design Automation Software Market – The global electronic design automation (EDA) software market size is projected to reach USD 14.54 billion by 2025 with a CAGR of 8.9%, according to a new report by Million insights.
2. Plant Genotyping Equipment Market – The global plant genotyping equipment market size is anticipated to value USD 895.45 million until 2025. It is also expected to register a CAGR of 9.6% over the forecasted years, 2018 to 2025.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar