Road Haulage Market Size, Share, Trends, Growth 2030

Road Haulage Industry Perspective:

The global road haulage market size was evaluated at $3,879 Billion in 2022 and is slated to hit $4,072 Billion by the end of 2030 with a CAGR of nearly 5.6% between 2023 and 2030.

The global road haulage market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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Road Haulage Market: Overview

Road haulage is the business of transportation of goods by road between suppliers and warehouses, customer outlets, depots, and factories. It helps everything that one wants to transport including foodstuffs, vegetables, clothes, coal, and ore. Road haulage also includes chemical transportation in huge sealed containers. Furthermore, a prominent increase in truck production owing to the high demand for freight transport from the manufacturing and retail sectors has expanded the scope of growth of the road haulage business. In addition to this, technological breakthroughs such as integrated supply chains, autonomous driving, vehicle-to-vehicle communications, and remote diagnostics are likely to bring a paradigm shift in the logistics industry. This, in turn, will enlarge the scope of growth for the global road haulage industry.

Key Insights

• As per the analysis shared by our research analyst, the global road haulage market is projected to expand annually at the annual growth rate of around 5.6% over the forecast timespan (2023-2030)
• In terms of revenue, the global road haulage market was evaluated at nearly $3,879 billion in 2022 and is expected to reach $4,072 billion by 2030
• The road haulage industry market is anticipated to record massive growth over the forecast period due to a prominent increase in transport activities and the rapidly expanding automotive manufacturing industry.
• Based on type, the domestic road haulage segment contributed to a major share of the global market in 2022
• Based on vehicle type, the light commercial vehicles segment contributed to a major share of the global market in 2022
• In terms of application, the food & beverages segment is set to contribute lucratively towards the overall market volume during the predicted timespan.
• Region-wise, the Asia-Pacific region is projected to be the key regional revenue driver of the global market during the projected timeframe.

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Road Haulage Market: Growth Drivers

Flourishing e-commerce industry and increasing online retail business to boost the global market expansion

Thriving e-commerce sector and surging online retail activities have translated into the emergence of new service needs including express deliveries and a class of logistics operators. This, in turn, has culminated in the humungous growth of the global road haulage market. A surge in acceptance of smartphones and iPhones coupled with growing internet use across the globe has prompted the global market demand. A prominent increase in transport activities and the rapidly expanding automotive manufacturing industry have contributed majorly to the growth of the market across the globe. Furthermore, regional and global transport of goods & services is one of the key growth factors for the global road haulage market.

In addition to this, escalating need for road haulage in military & defense, production, infrastructure, and petroleum industries will pave a way for the expansion of the road haulage market globally. Surging population and rise in the movement of people from one location to another will also drive global market trends.

Road Haulage Market: Hindrances

Growing risk of commuters prone to road collisions can decimate the industry surge globally

Rise in fuel costs, transport strikes, violence on streets, and strict laws regulating transport & logistics sectors are likely to put brakes on the road haulage industry growth. Increase in rail and flight haulage can prove to be an impediment to the global road haulage industry expansion. Apart from this, a huge shortage of heavy vehicle commuters along with the high risk of these commuters to road accidents & severe injuries can curtail the expansion of the global market.

Road Haulage Market: Opportunities

Humungous demand for transport of staple food items & consumer goods to open new growth avenues for the global market

Consistent demand for staple food products transportation, package delivery, agricultural products delivery, and bulk delivery of consumer goods is anticipated to provide new opportunities for the road haulage market growth globally. Moreover, the launching of autonomous trucks and new logistics methods will open new avenues of growth for the global market.

Road Haulage Market: Challenges

Enforcement of strict greenhouse gas emissions by various governments globally to pose a huge challenge

Surging effect of diesel engine emissions on the environment has created the biggest challenge for the growth of the global road haulage industry. Need for adhering to strict GHG emission regulations will further pose a hurdle to the expansion of the global industry.

Road Haulage Market: Segmentation

The global road haulage market is sectored into type, vehicle type, application, and region.

On basis of type, the road haulage industry is segmented into domestic road haulage and international road haulage. Furthermore, the domestic road haulage segment, which contributed over 61% of the global market share in 2022, is projected to dominate the global market over 2023-2030. The segmental expansion over the forecast timeline can be credited to the cost-effectiveness of the domestic delivery of goods in comparison to international ones. Apart from this, focusing on the timely delivery of express parcels will further boost the segmental surge.

In terms of vehicle type, the global road haulage industry is divided into heavy commercial vehicles and light commercial vehicles. Moreover, the light commercial vehicles segment is set to record the highest CAGR of over 8.1% during the assessment period. The segmental surge can be due to the growing popularity of local delivery from light vehicles for residential & business locations. Apart from this, breakthroughs in vehicle technologies and demand for improving fuel efficacy will further scale up the segmental growth.

Based on the application, the global road haulage industry is sectored into food & beverages, mining & construction, automotive, oil & gas, retail, healthcare, and manufacturing industries. Furthermore, the food & beverages segment, which accounted for the highest share of the global road haulage market in 2022, is set to establish a numero uno position even during the anticipated period. The segmental expansion can be credited to the large-scale demand for fruits and vegetables globally.

Recent Developments:

• In the second quarter of 2022, The Ministry of Road Transport and Highways of India launched a 7 national highway venture worth INR 5,569 Cr in Aurangabad. According to the Ministry of Road Transport & Highways, the launching of the new road venture will reduce the water crises in the region. The initiative will accelerate the growth of the road haulage industry in India.
• In February 2023, Volvo Trucks launched biogas powered truck for reducing carbon dioxide during long-distance transportation. Reportedly, biogas helps in contributing majorly to the green environment. Moreover, the biogas-powered trucks, Volvo FM and Volvo FH will get a new power level of 500 hp engines along with key engine upgradations, thereby helping these trucks to become more fuel efficient.

Road Haulage Market Report Scope:

Road Haulage Market: Regional Insights

Asia-Pacific Road Haulage Market To Register Fastest CAGR During The Forecast Timespan

The road haulage market in the Asia-Pacific zone is predicted to record the fastest CAGR of more than 6.1% in the ensuing years. The expansion of the regional market over 2023-2030 can be attributed to the presence of strong road infrastructure facilities in the countries such as China, India, Malaysia, Japan, Taiwan, South Korea, and Singapore. In addition to this, a surge in foreign direct investments for infrastructural development in the region will boost regional market trends. Moreover, the swiftly expanding e-commerce sector in the emerging economies of Asia-Pacific will fuel the market demand in the region.

Road Haulage Market: Competitive Landscape

The road haulage industry profiles key players such as:

• Kindersley Transport Ltd.
• Manitoulin Transport Inc.
• UK Haulier
• Container Corporation of India Limited
• LKW WALTER Internationale Transportorganisation AG
• Gosselin Group
• Monarch Transport Corporation
• AM Cargo
• SLH Transport Inc.
• Woodside Logistics Group.

The global road haulage market is segmented as follows:

By Type

• Domestic Road Haulage
• International Road haulage

By Vehicle Type

• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Application

• Mining & Construction
• Healthcare
• Oil & Gas
• Retail
• Food & Beverages
• Manufacturing
• Automotive

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa