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The road freight transport market share in Colombia is expected to increase by USD 1.30 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.58%.
This road freight transport market in Colombia research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers road freight transport market in Colombia segmentation by end-user (construction, manufacturing, food and beverages, agriculture, and others) and type (full truckload and less-than truckload). The road freight transport market in Colombia report also offers information on several market vendors, including CLM Cargo, CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA, COORDINADORA, Deutsche Post AG, DSV Panalpina AS, Logistics Plus Inc., OPL CARGA SAS, TCC INVERSIONES SA, Transportes Sanchez Polo, and TRANSPORTES VIGIA SAS among others.
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The need to increase operational efficiency is notably driving the road freight transport market growth in Colombia, although factors such as high operational costs and competitive pricing may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the road freight transport industry in Colombia. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Road Freight Transport Market Driver in Colombia
The need to increase operational efficiency is one of the key drivers supporting the road freight transport market growth in Colombia. An increase in fleet operating costs because of a rise in vehicle and fuel prices has created the need for increased operational efficiency. This has affected the profit margins of logistics businesses. Companies rely more on intermodal transportation to ship automotive parts, consumer goods, and heavy vehicles. The main reasons for the increased use of intermodal transportation are improved efficiency, cost reduction, and environmental impact. It offers many advantages over other modes of transportation. Intermodal transportation is cost-effective, easy to track, and has only a few idle periods. Other benefits include door-to-door delivery, faster delivery, the safety of the cargo, and the ability to use different routes. Such beneficiary attributes are driving the market growth.
Key Road Freight Transport Market Trend in Colombia
The increasing popularity of RFID tags is one of the key trends contributing to the road freight transport market growth in Colombia. RFID tags reduce the time for companies to identify trucks at the inbound/outbound gates at different locations, such as warehouse gates or cross-border gates. It has many other applications, such as capturing a truck's arrival and departure time or by including a reader at the fueling depot. The reader will help companies track the fuel consumption of vehicles. It is estimated that there has been a significant cost reduction due to the implementation of RFID tags. Moreover, the use of RFID tags saves time. This, in turn, allows a truck to do more trips in a month, increasing the profit by 10%?20%. Hence, the growing use of RFID tags will fuel the growth of the road freight transport market in Colombia during the forecast period.
Key Road Freight Transport Market Challenge in Colombia
High operational costs and competitive pricing are some of the factors hindering the road freight transport market growth in Colombia. Vendors in the market are under constant pressure from customers to keep prices low. While these providers have made profits from fixed-term contracts with customers, the volatility of fuel prices has decreased profitability. Users demand additional services at the same price, making it difficult for companies to price their services. The market requires a capital-intensive infrastructure in terms of a large fleet of vehicles and containers at ports, technology-equipped warehouses that store different products, and skilled labor. Furthermore, logistics service providers must control their operational costs to compete in the market. Small-sized logistics companies, which generate low revenue from their business operations, have long breakeven periods because of high operating costs. Hence, these factors are expected to hamper the growth of the market in focus during the forecast period
This road freight transport market in Colombia analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the road freight transport market in Colombia as a part of the global trucking market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the road freight transport market in Colombia during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the road freight transport market in Colombia encompasses successful business strategies deployed by the key vendors. The road freight transport market in Colombia is fragmented and the vendors are deploying growth strategies such as expanding their geographical reach and realigning their product offerings to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The road freight transport market in Colombia forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the road freight transport market in Colombia, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the trucking market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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The road freight transport market share growth in Colombia by the construction segment will be significant during the forecast period. The rising residential construction in the country is fuelling the demand for specialized construction equipment which is enhancing the demand for road freight transportation in the country. Furthermore, the US-Colombia Trade Promotion Agreement (TPA) allows road and construction equipment to enter Colombia duty-free, creating opportunities for road freight transportation in the construction industry in Colombia. The industry in Colombia is also the third-largest industry in Latin America. Moreover, the government initiatives for the development of the Colombian construction industry are driving the growth of the construction industry.
This report provides an accurate prediction of the contribution of all the segments to the growth of the road freight transport market size in Colombia and actionable market insights on post COVID-19 impact on each segment.
Road Freight Transport Market Scope in Colombia
Growth momentum & CAGR
Accelerate at a CAGR of 4.58%
Market growth 2022-2026
$ 1.30 billion
YoY growth (%)
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
CLM Cargo, CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA, COORDINADORA, Deutsche Post AG, DSV Panalpina AS, Logistics Plus Inc., OPL CARGA SAS, TCC INVERSIONES SA, Transportes Sanchez Polo, and TRANSPORTES VIGIA SAS
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
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***1. Executive Summary
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 01: Parent market
**2.2: Market Characteristics
**2.3 Value chain analysis
*Exhibit 02: Value chain analysis: Trucking (freight)
*2.2.2 Truck operators
*2.2.3 Trucking carriers
*2.2.5 Marketing and sales
***3. Market Sizing
**3.1 Market definition
*Exhibit 03: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 04: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 05: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 06: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 07: Five forces analysis 2020 & 2025
**4.2 Bargaining power of buyers
**4.3 Bargaining power of suppliers
**4.4 Threat of new entrants
**4.5 Threat of substitutes
**4.6 Threat of rivalry
**4.7 Market condition
*Exhibit 08: Market condition - Five forces 2021
***5 Market Segmentation by End-user
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 09: End-user - Market share 2021-2026 (%)
**5.2 Comparison by End-user
*Exhibit 10: Comparison by End-user
**5.3 Construction - Market size and forecast 2021-2026
*Exhibit 11: Construction - Market size and forecast 2021-2026 ($ million)
*Exhibit 12: Construction - Year-over-year growth 2021-2026 (%)
**5.4 Manufacturing - Market size and forecast 2021-2026
*Exhibit 13: Manufacturing - Market size and forecast 2021-2026 ($ million)
*Exhibit 14: Manufacturing - Year-over-year growth 2021-2026 (%)
**5.5 Food and beverages - Market size and forecast 2021-2026
*Exhibit 15: Food and beverages - Market size and forecast 2021-2026 ($ million)
*Exhibit 16: Food and beverages - Year-over-year growth 2021-2026 (%)
**5.6 Agriculture - Market size and forecast 2021-2026
*Exhibit 17: Agriculture - Market size and forecast 2021-2026 ($ million)
*Exhibit 18: Agriculture - Year-over-year growth 2021-2026 (%)
**5.7 Others - Market size and forecast 2021-2026
*Exhibit 19: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 20: Others - Year-over-year growth 2021-2026 (%)
**5.8 Market opportunity by End-user
*Exhibit 21: Market opportunity by End-user
***6 Market Segmentation by Type
**6.1 Market segments
*The segments covered in this chapter are:
*Exhibit 22: Type - Market share 2021-2026 (%)S
**6.2 Comparison by Type
*Exhibit 23: Comparison by Type
**6.3 Full truckload - Market size and forecast 2021-2026
*Exhibit 24: Full truckload - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Full truckload - Year-over-year growth 2021-2026 (%)
**6.4 Less-than truckload - Market size and forecast 2021-2026
*Exhibit 26: Less-than truckload - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Less-than truckload - Year-over-year growth 2021-2026 (%)
**6.5 Market opportunity by Type
*Exhibit 28: Market opportunity by Type
***7 Customer landscape
*Exhibit 29: Customer landscape
***8 Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Need to increase operational efficiency
*8.1.2 Rise in freight tonnage
*8.1.3 Growing e-commerce industry
**8.2 Market challenges
*8.2.1 High operational costs and competitive pricing
*8.2.2 Shortage of qualified drivers
*8.2.3 The operational impact of new regulations
*Exhibit 30: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Increasing popularity of RFID tags
*8.3.2 Development of autonomous vehicles
*8.3.3 Rising demand for green logistics
***9. Vendor Landscape
**9.1 Competitive scenario
**9.2 Vendor landscape
*Exhibit 31: Vendor Landscape
**9.3 Landscape disruption
*Exhibit 32: Landscape disruption
**9.4 Industry risks
*Exhibit 33: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 34: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 35: Market positioning of vendors
**10.3 CLM Cargo
*Exhibit 36: CLM Cargo - Overview
*Exhibit 37: CLM Cargo - Product and service
*Exhibit 38: CLM Cargo - Key offerings
**10.4 CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA
*Exhibit 39: CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA - Overview
*Exhibit 40: CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA - Product and service
*Exhibit 41: CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA - Key offerings
*Exhibit 42: CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA - Segment focus
*Exhibit 43: COORDINADORA - Overview
*Exhibit 44: COORDINADORA - Product and service
*Exhibit 45: COORDINADORA - Key offerings
**10.6 Deutsche Post AG
*Exhibit 46: Deutsche Post AG - Overview
*Exhibit 47: Deutsche Post AG - Business segments
*Exhibit 48: Deutsche Post AG - Key offerings
*Exhibit 49: Deutsche Post AG - Segment focus
**10.7 DSV Panalpina AS
*Exhibit 50: DSV Panalpina AS - Overview
*Exhibit 51: DSV Panalpina AS - Business segments
*Exhibit 52: DSV Panalpina AS - Key offerings
*Exhibit 53: DSV Panalpina AS - Segment focus
**10.8 Logistics Plus Inc.
*Exhibit 54: Logistics Plus Inc. - Overview
*Exhibit 55: Logistics Plus Inc. - Product and service
*Exhibit 56: Logistics Plus Inc. - Key news
*Exhibit 57: Logistics Plus Inc. - Key offerings
**10.9 OPL CARGA SAS
*Exhibit 58: OPL CARGA SAS - Overview
*Exhibit 59: OPL CARGA SAS - Product and service
*Exhibit 60: OPL CARGA SAS - Key offerings
**10.10 TCC INVERSIONES SA
*Exhibit 61: TCC INVERSIONES SA - Overview
*Exhibit 62: TCC INVERSIONES SA - Product and service
*Exhibit 63: TCC INVERSIONES SA - Key offerings
**10.11 Transportes Sanchez Polo
*Exhibit 64: Transportes Sanchez Polo - Overview
*Exhibit 65: Transportes Sanchez Polo - Product and service
*Exhibit 66: Transportes Sanchez Polo - Key offerings
**10.12 TRANSPORTES VIGIA SAS
*Exhibit 67: TRANSPORTES VIGIA SAS - Overview
*Exhibit 68: TRANSPORTES VIGIA SAS - Product and service
*Exhibit 69: TRANSPORTES VIGIA SAS - Key offerings
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 70: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 71: ?Research Methodology
*Exhibit 72: ??Validation techniques employed for market sizing?
*Exhibit 73: ??Information sources
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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