Global Road Freight Transportation Market Is Forecast To Grow At a CAGR of 7.4% Between 2021 and 2027, TNT Express, DB SCHENKER.

The improved economic status has led the individuals to demand more throughout the globe, furthermore the tax relaxations between the countries to improve economic relationship acts as a crucial factor for the growth of the global road freight transportation market. Furthermore, with the growing economies, there is a lot of construction witnessed in the metropolitan cities due to the increase in the migration of individuals from the backward areas to the more developed areas and also with growing import and export activities.

On the basis of application, road freight transportation market is sub divided into domestic and international. International segment is expected to witness highest CAGR during the forecast period as road transport are considered to be most flexible optional for expanding international business. The delivery of consignment by road offers private and secure and offers efficient and quick way to cross boundaries.

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Around the globe, Europe was the largest road freight transportation market in 2019. Due to the extensive tie ups undertaken by the region for trade with the emerging countries. Additionally, the emerging economies allow the market to grow at a promising rate with increase in import and export of goods.

Asia-Pacific is expected to witness highest CAGR during the forecast period. The growth of this market in this region is attributed towards emergence of the ecommerce market has led to a great expansion in the retail segment and has greatly affected this region.

Some of the key players operating in the global road freight transportation market include FedEx Freight, Kerry Logistics Network Limited, YRC Worldwide, UPS, Schneider National, J.B. Hunt Transport Services, Estes Express Lines, DSV, DHL Global Forwarding, Swift Transportation, Cargo Carriers Limited, ArcBest, CJ Logistics Corporation, TNT Express, DB SCHENKER, Nippon Express, CEVA Logistics, Overland Total Logistics Services (M) Sdn Bhd., GEODIS, and GEFCO.

FedEx Freight, Kerry Logistics Network Limited, YRC Worldwide, UPS, Schneider National, J.B. Hunt Transport Services, Estes Express Lines, DSV, DHL Global Forwarding, Swift Transportation, Cargo Carriers Limited, ArcBest, CJ Logistics Corporation, TNT Express, DB SCHENKER, Nippon Express, CEVA Logistics, Overland Total Logistics Services (M) Sdn Bhd., GEODIS, and GEFCO.

Global Road Freight Transportation Market Coverage

Product Type Insight and Forecast 2015 – 2027

Less-Than-Truckload

Full Truckload Market

Application Insight and Forecast 2015 – 2027

Domestic

International

Geographical Segmentation

Road Freight Transportation Market by Region

North America

By Product Type

By Application

By Country – U.S., Canada, and Mexico

Europe

By Product Type

By Application

By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

By Product Type

By Application

By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

By Product Type

By Application

By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

Source: VynZ Research