Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3,879 Billion | USD 4,072 Billion | 5.6% | 2022 |
FrequentlyAsked Questions
Road haulage is a 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.
The global road haulage market is projected to expand over 2023-2030 owing to the thriving e-commerce sector and surging online retail activities. Apart from this, a surge in acceptance of smartphones and iPhones coupled with growing internet use globally has provided the impetus to the global market demand.
According to study, the global road haulage market size was $3,879 billion in 2022 and is projected to reach $4,072 billion by the end of 2030.
The global road haulage market is anticipated to record a CAGR of nearly 5.6% from 2023 to 2030.
The Asia-Pacific Road haulage market is anticipated to register the fastest growth over the upcoming years owing to the presence of strong road infrastructure facilities in the countries such as China, India, Malaysia, Japan, Taiwan, South Korea, and Singapore.
The global road haulage market is led by players like Manitoulin Transport Inc., Container Corporation of India Limited, Gosselin Group, Monarch Transport Corporation, Kindersley Transport Ltd., LKW WALTER Internationale Transportorganisation AG, AM Cargo, SLH Transport Inc., UK Haulier, and Woodside Logistics Group.
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