Overview and Scope
Road logistics refers to the process of planning, coordinating, and executing the transportation of goods, materials, or people via road networks. It involves activities such as route optimization, vehicle scheduling, load management, and transportation tracking.
Sizing and Forecast
The road logistics market size has grown strongly in recent years. It will grow from $2,118.72 billion in 2023 to $2,273.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to rise of platform-based logistics, good quality transport infrastructure, customer experience focus.
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Segmentation & Regional Insights
The road logistics market covered in this report is segmented –
1) By Type: Truckload, Less Than Truckload, Parcel, Same Day
2) By Application: Domestic, International
3) By End User: Industrial And Manufacturing, Retail, Healthcare, Oil And Gas
Asia-Pacific was the largest region in the road logistics market in 2023. The regions covered in the road logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growth in e-commerce is expected to propel the growth of the road logistics market going forward. Electronic commerce, or e-commerce, is the term used to describe the purchasing and selling of goods and services via the Internet. It entails an online transaction involving two parties, typically a business and a customer, for the payment and delivery of goods or services. Since road freight transit is the main mode of transportation for e-commerce, particularly for last-mile deliveries and suppliers transferring goods for distribution, road logistics play a critical role in the e-commerce industry. There is an opportunity for logistics companies to improve their delivery times as a result of the growth of e-commerce and the resulting demand for faster delivery times. For instance, in November 2023, according to the United States Census Bureau, a US-based government agency, e-commerce sales in the third quarter of 2023 accounted for 15.6% of total sales. On a not-adjusted basis, the estimate of U.S. retail e-commerce sales for the third quarter of 2023 totaled $271.7 billion, an increase of 0.9% (±0.4%) from the second quarter of 2023. Therefore, the growth in e-commerce is driving the expansion of the road logistics market.
Key Industry Players
Major companies operating in the road logistics market are DHL International GmbH, Deutsche Post AG, United Parcel Service Inc., FedEx Corp., Xiamen Xiangyu Co. Ltd. , CEVA Logistics Inc., Kuehne Nagel Management AG, Noatum Logistics USA LLC, Penske Corp., C H Robinson Worldwide Inc., J.B. Hunt Transport Services Inc., Ryder System Inc., XPO Logistics Inc., Knight Swift Transportation Holdings Inc., Schneider National Inc., ArcBest Corp., Yellow Corp., GEFCO S.A., Saltchuk, Werner Enterprises Inc., Bennett International Group LLC, AAA Cooper Transportation Inc., Agility Public Warehousing Co. K.S.C.P, Quantix SCS Inc., Acme Truck Line Inc., LT Harnett Trucking Inc., RD Logistics Inc., World Trade Logistics Inc., Cannon Logistics LLC, Sea Transport Management WA, Just International Logistics Co. Ltd.
The road logistics market report table of contents includes:
1. Executive Summary
2. Road Logistics Market Characteristics
3. Road Logistics Market Trends And Strategies
4. Road Logistics Market – Macro Economic Scenario
5. Global Road Logistics Market Size and Growth
…..
32. Global Road Logistics Market Competitive Benchmarking
33. Global Road Logistics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Road Logistics Market
35. Road Logistics Market Future Outlook and Potential Analysis
36. Appendix
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