Road Freight Transportation Market in North America by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR45013
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 Road Freight Transportation Market in North America - 2021-2025

The road freight transportation market size in North America is expected to reach a value of USD 103.29 billion at a CAGR of 2.31%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the need to increase operational efficiency are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Road Freight Transportation Market in North America Size

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Road Freight Transportation Market in North America Segments

Navigate through market segmentation by type (full truckload and less-than truckload) and geography (US, Canada, and Mexico) in this road freight transportation market in North America report to pursue growth opportunities.

Get actionable insights on the road freight transportation market in North America segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic road freight transportation market in North America predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Road Freight Transportation Market in North America Vendors and Competitive Analysis

The road freight transportation market in North America is fragmented and the vendors are deploying growth strategies such as introducing innovative SCM to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full road freight transportation market in North America forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Road Freight Transportation Market in North America Vendors

Road Freight Transportation Market in North America - Region Opportunities 2021-2025

86% of the road freight transportation market growth in North America will originate from the US during the forecast period. The US and Canada are the key markets for road freight transportation market in North America. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Road Freight Transportation Market in North America Share by Geography

The US has been exhibiting a significant growth rate for road freight transportation market vendors in North America. Factors such as the increasing production capacity of industries that require the transportation of freight are accelerating the road freight transportation market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The road freight transportation market in North America's share growth in the US will be faster than the growth of the market in Canada and Mexico. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Road Freight Transportation Market in North America Insights by Type

Road Freight Transportation Market in North America Share by Type

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The road freight transportation market in North America share growth by the full truckload segment will be significant during the forecast period. The growing manufacturing industry is expected to drive the growth of the full truckload market segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the road freight transportation market size in North America.

From the road freight transportation market in North America segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Road Freight Transportation Market in North America Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding the road freight transportation market growth in North America is the operational impact of new regulations. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The road freight transportation market in the US is dependent on the level of economic activity in the country. The overall freight volume is expected to witness steady growth during the forecast period. With the recovery of the US economy, procurement, production, and sales activities will increase. The increase in productivity will lead to a high demand for material transporting activities, which will likely drive the market for trucks and trailers. The US economic recovery is expected to benefit many industries such as manufacturing, FMCG, IT and electronics, and food and retail. These industries use different kinds of road transportation services for their business operations. The growth in these customer segments will drive the road freight transportation market in North America during 2021-2025.

This road freight transportation market in North America analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

 

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Road Freight Transportation Market in North America Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive road freight transportation market growth in North America during the next five years
  • Precise estimation of the road freight transportation market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the road freight transportation market in North America across US, Canada, and Mexico
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of road freight transportation market vendors in North America 

Buy the Road Freight Transportation Market In North America report now to reimage your business strategies!

 

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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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The road freight transportation market growth will increase by $59.20 billion during 2019-2024.
The road freight transportation market is expected to grow at a CAGR of 1.18% during 2019-2024.
Technavio has segmented the road freight transportation market by other1 (Full truckload and Less-than truckload) and geographic (US, Canada, and Mexico).
APL Logistics Ltd., FedEx Corp., J.B. Hunt Transport Services Inc., Knight-Swift Transportation Holdings Inc., Old Dominion Freight Line Inc., Ryder System Inc., Schneider National Inc., United Parcel Service Inc., XPO Logistics Inc., YRC Worldwide Inc. are a few of the key vendors in the road freight transportation market.
US will register the highest growth rate of 67.48% among the other regions. Therefore, the road freight transportation market in US is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the road freight transportation market growth are:
  • Need to increase operational efficiency
  • Increase in M&A
The road freight transportation market vendors should focus on grabbing business opportunities from the full truckload segment as it accounted for the largest market share in the base year.
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