Road Haulage Market To 2022- Industry Trends, Forecast: Grand View Research, Inc.
New Market Research Reports Title “Road Haulage Market Analysis Size and Segment Forecasts to 2022” Has Been Added to GrandViewResearch.com Report Database
The global road haulage market is estimated to witness high growth on account of technological proliferation and innovative techniques for transport and logistics. This market anticipates several opportunities in the field of agriculture and local delivery owing to the increase in supply chain activities. Growth in transport sector has contributed greatly to the augmentation of road haulage market. The market is poised to gain traction owing to the emergence of fully-integrated and seamless supply chains.
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Road haulage market can be segmented on the basis of haulage types. It comprises international and domestic road haulage. The market finds applications across several industrial verticals. Major applications are in construction, petroleum, defense, retail, and manufacturing sectors. Furthermore, the market can be categorized on the basis of transport vehicles used. Vehicles segment consists of lorries, trucks, and vans. The market can be segmented on the basis of services offered. The road haulage market provides services such as container transport, refrigerated haulage, pallet delivery, heavy haulage, and light haulage services. Refrigerated haulage is generally preferred for transport of perishable goods such as food products to keep them from disintegrating. Pallet delivery is used in transporting consumer goods by metal or wooden pallets. Light haulage is used in transportation of lightweight objects that weigh less than 3.5 tons. Heavy haulage is preferred in transportation of heavy weight objects that weigh more than 150 tons.
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The delays and downtime incurred in transport are poised to hinder the market expansion. E-commerce sites pose as major threat to the market. Online shopping sites bypass conventional supply chains. This adversely impacts the profit margins in business services. Adoption of innovative techniques in order to provide competitive products requires hefty expenses. Rising fuel prices and fuel taxes have hampered the market growth. Moreover, road and transport taxes have decelerated the market augmentation. Increasing compliance workloads, changing regulatory scenario, and associated costs have confined the market growth. Rail is considered to be a highly competitive substitute for road haulage. Use of railways and other alternative means of haulage has deterred the market growth.
Emerging economies possess abundant opportunities for market growth. Presence of developing countries such as China and India is expected to impel market growth in the Asia Pacific region. Rapidly increasing population in these countries is expected to bolster the growth of the market in the Asia Pacific region. The market is expected to gain traction in the European region owing to flexible international transport policies. In addition, governmental initiatives for efficient road transport are expected to drive the growth of market in this region. The global road haulage market is anticipated to experience significant growth in the North American region. Countries such as Canada and the U.S. have excellent connectivity and superior roadways infrastructure. Escalated demand for perishable goods such as vegetables and fruits has incited market growth in the refrigerated haulage segment.
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Key vendors dominating the global road haulage market are Kindersly Transport Ltd., Gosselin Transport Services, AM Cargo Logistic SL, LKW Walter, SLH Transport Company, Monarch Transport Ltd., UK Haulier, Manitoulin Transport, and Woodside Road Haulage.
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