Research Nester’s recent market research analysis on “Road Haulage Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global road haulage market in terms of market segmentation by type, vehicle type, application and by region.
Rise in e-commerce and Changes in Regulatory and Environmental Concerns Promote the Global Market Share of Road Haulage
Fast package delivery is becoming more and more necessary as the world's online retail sector flourishes. As the e-commerce sector expands, new service demands like expedited delivery have surfaced, creating a need for a new class of logistics providers. Overall, retail e-commerce sales are estimated to reach an estimated USD 5.8 trillion by 2023. Due to the e-commerce industry's bright future growth prospects and the rapidly expanding worldwide internet penetration and smartphone use, there will probably be a rise in the need for road haulage shortly. Additionally, the industry has grown significantly as a result of the expansion of the transportation and automotive industries.
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Furthermore, the road haulage market is impacted by regulatory reforms that are intended to raise safety standards, cut emissions, and encourage environmentally friendly transportation methods. It is frequently necessary to invest in fleet modernization, cleaner technology adoption, and fuel-efficient practices to comply with requirements. Also, as environmental concerns have grown, there has been a shift toward eco-friendly transportation options like electric and hybrid cars, which has spurred innovation in the road haulage industry.
Growth Drivers:
• Rising online services and deliveries.
• Increasing distribution networks & logistics.
Challenges:
Lack of skilled personnel, fuel price volatility, regulatory compliance, infrastructure congestion, and maintenance are some of the major factors anticipated to hamper the global market size of the road haulage.
By Vehicle type, the global Road Haulage market is segregated into light commercial vehicles and heavy commercial vehicles. Amongst these, heavy commercial vehicles are slated to garner the majority of the market share. The growth can be attributed to the notable rise in the transportation of a variety of goods for the long haul. Moreover, an increase in the production of trucks and large commercial vehicles is likely to further augment segment growth.
By region, Europe’s market for Road Haulage is set to attain a significant market share over the forecast period. The movement of products among member states is made easier by the European Union's (EU) and the European Single Market's economic integration, which fosters cross-border trade. Demand for road haulage services is boosted by the EU's free movement of goods and services, as businesses look for cost-effective ways to reach European supply chains and customers. Also, e-commerce growth and logistics network expansion in Europe drive road haulage service demand. Online shopping platforms and e-commerce adoption increase goods transportation volume. Road haulage companies provide critical last-mile delivery and parcel transportation services to meet consumer demand.
This report also provides the existing competitive scenario of some of the key players of the global road haulage market which includes company profiling of CONCOR, Kindersley Transport Ltd., Woodside Haulage (Holdings) Limited, Monarch Transport LTD, UK Haulier, A-M Cargo Ltd., WALTER Internationale transport organisation AG, C.A.T. INC., Manitoulin Transport Inc., Gosselin Group, and others.
Access our detailed report at:
https://www.researchnester.com/reports/road-haulage-market/6062
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