Road Freight Transport Market to Grow by USD 204.4 Billion (2025-2029), Vendor Strategies Boost Growth, AI-Powered Market Evolution Report - Technavio

The road freight transport market is expected to grow by USD 204.4 billion at a CAGR of 8.1% between 2024 and 2029. This expansion is fueled by the rise of the trucking industry, advancements in freight forwarding, and growing investments in supply chain management solutions. Key trends such as the adoption of electric trucks and autonomous vehicles are transforming the sector. Additionally, the truck driver shortage and fluctuating freight rates are driving innovation in logistics and last-mile delivery services. Companies are prioritizing green logistics and sustainable freight practices to mitigate the environmental impact of transportation.Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Market Segmentation

By Vehicle Type

• Light Commercial Vehicles (LCV)
• Medium & Heavy Commercial Vehicles (MCV & HCV)

By End-User

• Manufacturing
• Automotive
• Consumer Goods
• Food & Beverage
• Others

By Destination

• Domestic
• International

By Truckload Specification

• Full-Truck-Load (FTL)
• Less-Than-Truck-Load (LTL)

Regional Market

• APAC – China, India, Japan, South Korea
• North America – US, Canada
• Europe – Germany, UK, France
• Middle East & Africa
• South America

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Market Dynamics

Drivers

• E-commerce Growth: Rising online sales are increasing demand for efficient road freight transport solutions.
• AI & ML in Logistics: Advanced technologies are optimizing route planning, freight monitoring, and fuel efficiency.

Trends

• Automation in Freight Services: The industry is witnessing a surge in autonomous vehicles and AI-driven logistics.
• Eco-friendly Initiatives: Sustainable practices such as hydrogen fuel adoption and carbon reduction strategies are gaining traction.

Challenges

• High Fuel & Transport Costs: Rising fuel prices are pressuring companies to optimize operations and enhance fuel safety.

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Key Players

• AlkomTrans
• Cargo Carriers Ltd.
• CEVA Logistics SA
• CJ Logistics Corp.
• Deutsche Bahn AG
• Deutsche Post AG
• DSV AS
• FedEx Corp.
• Fercam Spa
• First European Logistics Ltd.
• Ital Logistics Ltd.
• J B Hunt Transport Services Inc.
• Kerry Logistics Network Ltd.
• KLG Europe
• Kuehne Nagel Management AG
• NGL Gondrand Group SA
• Nippon Express Holdings Inc.
• Overland Total Logistics Services Sdn. Bhd.
• SNCF Group
• Yellow Corp.

Future Insights

The market will continue to evolve with investments in fuel maintenance, sustainable fuel systems, and next-generation freight solutions. As companies adapt to digital transformation, innovations in fuel monitoring and eco-friendly transport will redefine the industry landscape.