Road Freight Transportation in North America: Top Drivers that will Enable COVID-19 Recovery

Synopsis of Growth Drivers with Market Forecast 2021-2025

Technavio’s Road Freight Transportation Market In North America is set to grow by $ 103.29 billion, and the market will progressing at a CAGR of 2.31% till 2025. This research report identifies and analyses the growth drivers that will boost market growth. It also provides a thorough understanding of all the segments, trends and challenges that are likely to have an impact on the future prospects fo the market in focus.

Request for our free sample report to get a glimpse into our exhaustive research and analysis: Download FREE Sample Report

Road Freight Transportation Market In North America: Top Drivers for Growth

A detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. One of the key drivers that will boost this market is need to increase operational efficiency. Other factors such as the increasing production capacity of industries that require the transportation of freight are accelerating the road freight transportation market growth in North America. 

Road Freight Transportation Market In North America: Segment List

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Road Freight Transportation Market In North America is segmented by Type (Full truckload and Less-than truckload) and Geography (US, Canada, and Mexico). Growth by the full truckload segment will be significant during the forecast period. The growing manufacturing industry is expected to drive the growth of the full truckload market segment over the forecast period. For more insights on the impact of this and all the other segments: Request our Free Sample Report

Road Freight Transportation Market In North America: CMA CGM Group, FedEx Corp., J.B. Hunt Transport Services Inc., Knight-Swift Transportation Holdings Inc., Old Dominion Freight Line Inc., Ryder System Inc., Schneider National Inc., United Parcel Service Inc., XPO Logistics Inc., and Yellow Corp. are some of the leading competitors

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market.  CMA CGM Group, FedEx Corp., J.B. Hunt Transport Services Inc., Knight-Swift Transportation Holdings Inc., Old Dominion Freight Line Inc., Ryder System Inc., Schneider National Inc., United Parcel Service Inc., XPO Logistics Inc., and Yellow Corp. are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of 2.31%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 103.29 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Need to increase operational efficiency will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   US, Canada, and Mexico are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   86% growth will originate from US
    
6. Who are the leading market vendors?
   The leading vendors in this market are CMA CGM Group, FedEx Corp., J.B. Hunt Transport Services Inc., Knight-Swift Transportation Holdings Inc., Old Dominion Freight Line Inc., Ryder System Inc., Schneider National Inc., United Parcel Service Inc., XPO Logistics Inc., and Yellow Corp.
    
7. What are the market segments covered in this report?
   The market is segmented by Type (Full truckload and Less-than truckload) and Geography (US, Canada, and Mexico)

Road Freight Transportation Market in North America Size to Grow by $ 103.29 Billion During 2021-2025

Technavio has been monitoring the road freight transportation market in North America and it is expected to grow by $ 103.29 billion, accelerating at a CAGR of almost 2.31% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Road Freight Transportation Market in North America: Receive Free Sample Report

Road Freight Transportation Market in North America: US to lead market growth during the forecast period

• 86% of the market growth will originate from US during the forecast period.
• Increase in M&As will be a key trend that will influence market growth significantly.
• Need to increase operational efficiency will be a significant factor in driving the growth of the road freight transportation market in North America.

For more insights on this market: Download a Free Sample Report

Road Freight Transportation Market in North America: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive road freight transportation market in North America growth during the next five years
• Precise estimation of the road freight transportation market in North America size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the road freight transportation market in North America industry across US, Canada, and Mexico
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of road freight transportation market in North America vendors