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.
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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.
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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
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Road Freight Transportation Market in North America: US to lead market growth during the forecast period
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Road Freight Transportation Market in North America: Key Highlights of the Report for 2021-2025