What is Road Freight Transportation Services Market?
Road Freight is the physical process of transporting cargo by road using motor vehicles. Road freight transportation is widely used for transportation as it has cheaper than other transportation modes and is convenient due to availability in any location, especially in rural areas. Road transport vehicles such as trucks have high capability of weight and huge space, it is highly utilized for transportation of large equipment and heavy machinery, vehicles, hay, etc.
The market study is being classified by Type (Flatbed Transport, Hay Transport, Temperature-Control and Car-Carrying Services), by Application (Manufacturers, Automotive, Construction, Agriculture and Others) and major geographies with country level break-up.
AsstrA (Switzerland), Bilogistik (Spain), Nippon Express (Japan), DSV (Denmark), CJ Logistics (South Korea), GEFCO S.A. (France), DB Schenker (Germany), TNT Express (Netherlands), GEODIS (France) and DHL Global Forwarding (Germany) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Analyst at AMA have segmented the market study of Global Road Freight Transportation Services market by Type, Application and Region.
On the basis of geography, the market of Road Freight Transportation Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Automotive Manufacturing Activities Across the Globe Due to Rising Ownership of Vehicles
- Increasing Use of Road Freight Transportation Services Due to Its High Weight Capability and Convenience
- Evolution of Electric Trucks, Autonomous Vehicles, and Smart Transport Solutions
- High Transportation Cost Due to Lack of Trucks
- Increase in Shipping Large Construction Equipment, Building Section, Etc. Due to High Growth of Infrastructural Activities
- Poor Road Infrastructure and Inferior Quality Vehicles Used for Transportation
Market Leaders and some development strategies
In July 2021, Uber Freight announced the acquisition of Transplace, a leading non-asset-based third-party logistics services provider. Transplace offers logistics technology and transportation management services to various industries. The acquisition will create an industry-leading combined Freight Technology Operating System to enable a comprehensive end-to-end shipper-to-carrier solution, and unlock new levels of efficiency and service.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Road Freight Transportation Services Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Road Freight Transportation Services Market?
"Increased Automotive Manufacturing Activities Across the Globe Due to Rising Ownership of Vehicles
" is seen as one of major growth factors of Road Freight Transportation Services Market in years to come.
2. Can we have customized study for Road Freight Transportation Services Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Road Freight Transportation Services Market?
will lead Road Freight Transportation Services Market in coming years.