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Road Logistics Market: 2023 to 2027 Analysis of Major Players as well as the Global Market and Key Countries such as Germany - Technavio

PR Newswire
·17 min read

NEW YORK, Feb. 6, 2023 /PRNewswire/ -- Germany's machinery and equipment industry has the highest productivity for engineering and technical personnel in the European Region.  Germany boasts unparalleled world-leading manufacturers and suppliers of industrial equipment and the trucking industry. .  Demand for road logistics, will continue to grow in Germany in the future as current market developments demonstrate a significant increase in demand for technology-based advanced machinery.  To know more, buy the report!

Technavio has announced its latest market research report titled Global Road Logistics Market 2023-2027
Technavio has announced its latest market research report titled Global Road Logistics Market 2023-2027

Vendors across Germany and globally are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, Acme Truck Line Inc., Agility Public Warehousing Co. K.S.C.P, ArcBest Corp, Bennett International Group LLC, C H Robinson Worldwide Inc., Deutsche Post AG, FedEx Corp., J.B. Hunt Transport Services Inc., Knight Swift Transportation Holdings Inc., Kuehne Nagel Management AG, Penske Corp., Quantix SCS Inc., RD Logistics, Ryder System Inc, Saltchuk, Schneider National Inc., United Parcel Service Inc., Werner Enterprises Inc., XPO Logistics Inc., and Yellow Corp.

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The global road logistics market is estimated to grow at a CAGR of 3.59% between 2022 and 2027. The size of the market is forecast to increase by USD 782.97 billion.  The market is segmented by application (domestic and international), type (truckload, less than truckload, parcel, and same day), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The increased outsourcing of logistics services is notably driving the market growth, although factors such as the shortage of truck drivers may impede the market growth.

The COVID-19 outbreak caused a significant impact on the trucking industry. 70 percent of the freight tonnage goes on trucks, including essential items such as food, cleaning products, medical supplies, etc. The lockdown imposed by the government led to a surge in demand for many of these products, negatively impacting the trucking industry. Medical supplies and COVID-19 vaccines rely on truck transportation for distribution across the nation. The constant increase in the demand for such products led to the surge in the demand for the trucks on road, which has widely contributed to the growth of the trucking industry.

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Related Reports:

  • The less-than-truckload (LTL) market is estimated to grow at a CAGR of 7% between 2022 and 2027. The size of the market is forecast to increase by USD 103.05 billion. The growth of the market depends on serval factors, including advances in e-commerce in the retail sector, increased outsourcing of logistics services, and a tightening truckload market.

  • The road freight transport market is estimated to grow at a CAGR of 6.03% between 2022 and 2027. The size of the market is forecast to increase by USD 130.56 billion. The growth of the market depends on serval factors, including the rapid growth in the e-commerce industry, the growing retail sales in APAC, and the increasing cross-border trade.

Technavio's analysis of the road logistics market also includes:

  • CAGR of the market during the forecast period 2023-2027

  • Detailed information on factors that will drive road logistics market growth during the next five years

  • Precise estimation of the road logistics market size and its contribution to the parent market

  • Accurate predictions on upcoming trends and changes in consumer behavior

  • The growth of the road logistics market industry across

  • A thorough analysis of the market's competitive landscape

  • Comprehensive details of factors that will challenge the growth of road logistics market

Road Logistics Market Scope

Report Coverage

Details

Page number

168

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.59%

Market growth 2023-2027

$ 782.97 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

2.53

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 45%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Acme Truck Line Inc., Agility Public Warehousing Co. K.S.C.P, ArcBest Corp, Bennett International Group LLC, C H Robinson Worldwide Inc., Deutsche Post AG, FedEx Corp., J.B. Hunt Transport Services Inc., Knight Swift Transportation Holdings Inc., Kuehne Nagel Management AG, Penske Corp., Quantix SCS Inc., RD Logistics, Ryder System Inc, Saltchuk, Schneider National Inc., United Parcel Service Inc., Werner Enterprises Inc., XPO Logistics Inc., and Yellow Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

 Table of Content :

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2022

  • 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

  • 4.1 Global road freight transport market 2017 - 2021

  • 4.2 Vehicle type Segment Analysis 2017 - 2021

  • 4.3 End-user Segment Analysis 2017 - 2021

  • 4.4 Geography Segment Analysis 2017 - 2021

  • 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

  • 5.1 Five forces summary

  • 5.2 Bargaining power of buyers

  • 5.3 Bargaining power of suppliers

  • 5.4 Threat of new entrants

  • 5.5 Threat of substitutes

  • 5.6 Threat of rivalry

  • 5.7 Market condition

6 Market Segmentation by Vehicle Type

  • 6.1 Market segments

  • 6.2 Comparison by Vehicle Type

  • 6.3 Medium and heavy commercial vehicle - Market size and forecast 2022-2027

  • 6.4 Light commercial vehicle - Market size and forecast 2022-2027

  • 6.5 Market opportunity by Vehicle Type

7 Market Segmentation by End-user

  • 7.1 Market segments

  • 7.2 Comparison by End-user

  • 7.3 Manufacturing - Market size and forecast 2022-2027

  • 7.4 Automotive - Market size and forecast 2022-2027

  • 7.5 Consumer goods - Market size and forecast 2022-2027

  • 7.6 Food and beverage - Market size and forecast 2022-2027

  • 7.7 Others - Market size and forecast 2022-2027

  • 7.8 Market opportunity by End-user

8 Customer Landscape

  • 8.1 Customer landscape overview

9 Geographic Landscape

  • 9.1 Geographic segmentation

  • 9.2 Geographic comparison

  • 9.3 APAC - Market size and forecast 2022-2027

  • 9.4 North America - Market size and forecast 2022-2027

  • 9.5 Europe - Market size and forecast 2022-2027

  • 9.6 Middle East and Africa - Market size and forecast 2022-2027

  • 9.7 South America - Market size and forecast 2022-2027

  • 9.8 US - Market size and forecast 2022-2027

  • 9.9 China - Market size and forecast 2022-2027

  • 9.10 Japan - Market size and forecast 2022-2027

  • 9.11 Germany - Market size and forecast 2022-2027

  • 9.12 France - Market size and forecast 2022-2027

  • 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers

  • 10.2 Market challenges

  • 10.3 Impact of drivers and challenges

  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview

  • 11.2 Vendor landscape

  • 11.3 Landscape disruption

  • 11.4 Industry risks

12 Vendor Analysis

  • 12.1 Vendors covered

  • 12.2 Market positioning of vendors

  • 12.3 AlkomTrans

  • 12.4 Cargo Carriers Ltd.

  • 12.5 CEVA Logistics AG

  • 12.6 CJ Logistics Corp.

  • 12.7 Deutsche Bahn AG

  • 12.8 Deutsche Post AG

  • 12.9 DSV AS

  • 12.10 FedEx Corp.

  • 12.11 Fercam Spa

  • 12.12 First European Logistics Ltd.

  • 12.13 Kerry Logistics Network Ltd.

  • 12.14 Kuehne and Nagel International AG

  • 12.15 Nippon Express Holdings Inc.

  • 12.16 Overland Total Logistics Services Sdn. Bhd.

  • 12.17 SNCF Group

13 Appendix

  • 13.1 Scope of the report

  • 13.2 Inclusions and exclusions checklist

  • 13.3 Currency conversion rates for US$

  • 13.4 Research methodology

  • 13.5 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com

Global Road Logistics Market 2023-2027
Global Road Logistics Market 2023-2027
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SOURCE Technavio

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