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Road Haulage Market Trends

Report ID: GMI6732
Published Date: Sep 2023
Report Format: PDF

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Road Haulage Market Trends

Technological advancements in telematics are providing lucrative growth opportunities in the road haulage industry. Telematics innovations, such as GPS tracking, real-time data analytics, and IoT integration, are enhancing efficient route planning, vehicle maintenance, and driver management.

For instance, in March 2023, Trimble launched a groundbreaking addition to its mobility telematics portfolio, Trimble Fleet Manager. It is an inaugural back-office fleet management solution that can introduce industry-specific average dwell time metrics. This invaluable data equips fleet operators with the means to enhance their planning processes, bolster adherence to the Service Level Agreements (SLAs) and optimize the utilization of their assets & drivers for greater efficiency. As the road haulage market adopts these technologies, it will gain a competitive edge, attract new opportunities, and witness sustained growth in an increasingly digitalized & data-driven landscape.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of road haulage reached USD 3.4 trillion in 2022 and is set to register over 6% CAGR from 2023 to 2032, due to the increasing need for the efficient movement of goods, driven by rising e-commerce, manufacturers, and international trades worldwide.

The medium vehicle segment held over 48% of the market share in 2022, owing to the need for facilitating international trade flows through transportation of goods to & from ports, airports, and distribution centers.

Asia Pacific recorded more than 58% of the market share in 2022, owing to the growing number of partnerships focusing on enhancing the remote area connectivity & infrastructure in the region.

UPS Freight, FedEx Freight, DHL Freight, XPO Logistics, C.H. Robinson, J.B. Hunt Transport Services, and Schneider National are some of the major road haulage companies worldwide.