Latest News - Road Logistics Market: Domestic is expected to lead the Application segment during 2025-2029

The Road Logistics Market is being driven by Growing demand for green logistics

The Road Logistics Market is expected to grow at a CAGR of 3.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 749.1 billion. In the intensely competitive same-day delivery market, logistics providers are seeking ways to enhance efficiency and profitability. Fuel, maintenance, and labor costs are escalating, putting pressure on logistics companies to innovate. Autonomous logistics, which reduces labor errors and shortens operation durations by approximately 80-85%, is gaining traction as a viable solution. Furthermore, the Internet of Things (IoT) is revolutionizing the logistics sector by enabling virtual connectivity and optimizing warehouse picking operations. These advancements are crucial for logistics players to remain competitive and deliver accurate, timely services. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Domestic
  • International
• Type
  • Truckload
  • Less than truckload
  • Parcel
  • Same day
• End-user
  • Manufacturing
  • Retail
  • Automotive
  • Healthcare
  • Others
• Geography
  • APAC
    • Australia
    • China
    • India
    • Japan
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for green logistics
• Increasing demand from medical and healthcare industry in US
• Increased outsourcing of logistics services

However, the market also witnesses some limitations, which are as follows:

• Pricing of LTL carriers
• Shortage of truck drivers
• High operational costs

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Market Scope in Road Logistics Market Research Report

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Research Analysis Overview

The Road Logistics Market encompasses various services including freight consolidation, bulk shipping, less-than-truckload (LTL) and truckload (TL), over-the-road (OTR), temperature-controlled transportation for perishable goods, and hazardous materials transportation. Additionally, it offers dedicated transportation, contract logistics, logistics outsourcing, supply chain visibility, demand forecasting, inventory management, and warehouse automation. Logistics optimization, cost optimization, delivery density, and performance are key performance indicators. Innovative solutions like logistics strategy, logistics outsourcing, and blockchain logistics are shaping the future of the industry.

Market Research Overview

The global cargo ground transportation market encompasses the revenue generated by companies offering freight transportation services via trucks, cars, campers, buses, vans, and motorbikes. According to Technavio, market expansion will be fueled by the escalating demand for logistics services and supply chain management in response to the increasing volumes of goods being transported. This trend is particularly significant in emerging economies, where the growth of last mile delivery and freight brokerage sectors is projected to be substantial. The continuous expansion of the global economy is expected to underpin the increasing demand for efficient and reliable cargo ground transportation solutions. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/