Road Freight Services Market Intelligence

Road Freight Services Market Description

Regions such as Western Europe, North America, and Australia have a higher buyer and supplier maturity due to advanced adoption of technology. An increase in e-commerce and global trade is also expected to spur parts of Africa and Africa to become the future growth-driving markets for road freight services. Factors such as increasing retail sales, efficient transport sector, growth in GDP, and an improved global trade activity are the major drivers of the road freight industry.

The buyers of road freight products are increasingly looking for end-to-end supply chain solutions from service providers. Suppliers are also enhancing themselves to meet the buyers’ demands by providing them with value-added services in addition to transportation services. The report also provides a regional market outlook on regions such as North America, Europe, and the Asia Pacific, followed by Porter’s five forces analysis on developed and emerging markets. The report also provides a detailed market outlook on various supply trends and insights, followed by detailed profiles on key suppliers such as UPS Freight, FedEx Freight, Schneider National, C.H. Robinson, DHL Freight, Rhenus Logistics, Werner Enterprises, DB Schenker Logistics, Ceva Logistics, Kuehne+Nagel, XPO Logistics, Toll Group, etc.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Market Trends
Technology & Innovation Trends
Global Supplier List and Capabilities
Mergers and Acquisitions

Road Freight Services Market Trend, Analysis & Forecast

Category Intelligence on Road Freight Services covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

Global Road Freight Industry Outlook

The global road freight market valued at $2.4 trillion in 2017, and it is forecast to grow at a CAGR of 4–5 percent in 2018, as the demand from end-user industries surges Y-o-Y
Regions such as Western Europe, North America, and Australia have a high buyer and supplier maturity due to advanced technology adoption
Due to the increase in e-commerce and global trade, APAC and parts of Africa are expected to be the future growth-driving markets for road freight services

road-freight-services-market-size

Global Road Freight Industry Trends

Buyers are increasingly looking for end-to-end supply chain solutions from service providers
Suppliers are enhancing themselves to meet the demands of the buyers by them giving value-added services in addition to transportation services

Global Road Freight Drivers and Constraints

Drivers

Retail Sales:

Retail sales will increase by 5–6 percent, which will in turn drive the demand for trucking
Retail e-commerce is growing at 14–15 percent per annum, which will create new demand for logistics, particularly in metropolitan areas

Transport Infrastructure:

An efficient transport sector with advanced infrastructure is an important element of any economy, helping to stimulate development, thus cutting the lead time and costs of trucking

Global Trade Activity:

During the last decade, increased production of high-value and light-weight goods and expanded trade among the member countries results in increased road freight transportation

GDP:

Because growth in GDP implies increased economic activity, there is a positive correlation between the development of freight transport and GDP, where any increase in GDP is directly related to the increase in road freight services in that region

Constraints

Fuel Rate

Fuel prices account for nearly 30–35 percent of trucking freight rates, thus having a major impact on pricing. Fuel prices, which have been low, are forecasted to increase in the second half of the year

Shortage of Drivers:

Driver wages account for nearly 30–35 percent of carriers’ operating costs. Driver wages are expected to increase due to the prevalent shortages in the industry, coupled with a strong demand for qualified drivers and the same trend is expected to continue in countries such as the US,UK and Western Europe.