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Road Freight Transport Market in Colombia by End-user and Type - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 120
  • SKU: IRTNTR72350
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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.

What will the Road Freight Transport Market Size in Colombia be During the Forecast Period?

Road Freight Transport Market Size

Download the Free Report Sample to Unlock the Road Freight Transport Market Size in Colombia for the Forecast Period and Other Important Statistics

 

Road Freight Transport Market in Colombia: Key Drivers, Trends, and Challenges

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.

Parent Market Analysis

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.

Who are the Major Road Freight Transport Market Vendors in Colombia?

The report analyzes the market's competitive landscape and 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
  • TRANSPORTES VIGIA SAS

 

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.

Product Insights and News

  • CLM Cargo - The company offers road freight transport that provides solutions for logistics, ocean freight, air freight, ground transportation, customs broker, warehousing and storage, courier.
  • CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA - The company offers road freight transport that provides services for air transport, marine transport, ground transportation, customs services, logistics and distribution, special transport.
  • COORDINADORA - The company offers road freight transport that provides services such as request free pickup, delivery times, merchandise shipping service, sending documents, messaging and stationery filing, international deliveries, bulk load, chemical and chemical dangerous goods, online service.

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.

Road Freight Transport Market in Colombia Value Chain Analysis

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:

  • Shippers
  • Truck operators
  • Trucking carriers
  • Consignees
  • Marketing and sales
  • Services

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

What are the Revenue-generating End-user Segments in the Road Freight Transport Market In Colombia?

Road Freight Transport Market Market segmentation by region

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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

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.58%

Market growth 2022-2026

$ 1.30 billion

Market structure

Fragmented

YoY growth (%)

3.75

Competitive landscape

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

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.

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What are the Key Data Covered in this Road Freight Transport Market in Colombia Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive road freight transport market growth in Colombia during the next five years
  • Precise estimation of the road freight transport market size in Colombia and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the road freight transport industry in Colombia 
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the road freight transport market vendors in Colombia 

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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)

                                2.2.1 Shippers

                                2.2.2 Truck operators

                                2.2.3 Trucking carriers

                                2.2.4 Consignees

                                2.2.5 Marketing and sales

                                2.2.6 Services

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:

  • Construction
  • Manufacturing
  • Food and beverages
  • Agriculture
  • Others

                            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:

  • Full truckload
  • Less-than truckload

                            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                           

                7.1 Overview

                                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

                10.5 COORDINADORA              

                                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. Appendix                            

                11.1 Scope of the report         

                                11.1.1 ????Market definition

                                11.1.2 ????Objectives

                                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

Research Framework

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Road Freight Transport Market in Colombia market growth will increase by $1.30 bn during 2022-2026.
The road freight transport market in colombia market is expected to grow at a CAGR of 4.58% during 2022-2026.
Technavio has segmented the road freight transport market in colombia market by end-user (Construction, Manufacturing , Food and beverages, Agriculture, and Others) ,type (Full truckload and Less-than truckload) , and geographic (Africa).
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, TRANSPORTES VIGIA SAS are a few of the key vendors in the road freight transport market in colombia market.
Colombia will register the highest growth rate of 100% among the other regions. Therefore, the road freight transport market in colombia market in Colombia is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the road freight transport market in colombia market growth are:
  • need to increase operational efficiency
  • increasing popularity of RFID tags
The road freight transport market in colombia market vendors should focus on grabbing business opportunities from the construction segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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