Road Haulage Market Analysis through 2023-2027 | APAC to Dominate Market Landscape Worldwide
Rising freight demand from retail and manufacturing industries, rapid growth in the e-commerce industry, and an increase in cross-border trades are transforming the market dynamics of the Road Haulage Market around the world. It is forecasted the Global Road Haulage Market forecasted to witness staggering revenue growth of USD 1,313.38 million between 2022 and 2027 followed by a market growth at a CAGR of 6.99%.
Technavio has been monitoring the Road Haulage Market's growth trajectory the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
APAC ~ The fastest-growing topography in the Global Road Haulage Market
APAC to Dominate Global Road Haulage Market
35% of the growth of the global market will be generated from the APAC region as per the forecast period owing to demand for road logistics, which is expected to increase in developing economies such as China, India, and Indonesia. Economic growth in APAC drastically increased the per capita income with a rise in the purchasing power of consumers followed by sales growth in the e-commerce industry
Government initiatives focusing on trade and foreign direct investment (FDI) are strengthening the cross-border e-commerce logistics market in APAC. Therefore, such elements will boost the regional market growth during the forecast period.
Leading companies comprise names like BG Rodwell Ltd., Caterpillar Inc., CEVA Logistics AG, Container Corp. of India Ltd., DB Schenker, DSV AS, Fercam Spa, FM Logistic, Gosselin Group, Ital Logistics Ltd., KLG Europe, etc that comes with a wide range of its services and products.
For example, Organizations like AM Cargo Ltd. offer professional services to cargo and goods. The key offerings of the company include road haulage services for shipping containers and LCL goods. Our report includes qualitative and quantitative analyses of market leaders with a wider understanding of the business ecosystem.
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Road Haulage Market: Key Highlights of the Report for 2023-2027