Global Market Size of Road Freight – 10 Year Market Forecast

Logistics

Road Freights Market Size Forecast 2022-2029

The global market for Road Freight transportation, which was estimated to be worth US$2013.65 billion in 2022, is expected to grow at a CAGR of 1% from 2022 to 2029, to US$2156.57 billion. The market for international (intra-EU) freight services in the road transport sector has been completely opened to competition, but domestic transport remains largely protected. Cabotage, or domestic transportation by foreign haulers, is restricted in the freight sector. As a result, operators are having difficulty optimizing their operations, and one out of every two vehicles operating domestic transportation outside of their country of registration is empty.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• The Road Freight vertical is studied by Global Market Database to provide relevant market information to industry players.
• What are the types of freight?

• ground (road), rail, ocean, and air are the types of fright.
• What are the main types of Road Freight transport?

• primary transport and secondary transport are the 2 main types.
• What are the 4 types of transportation?

• truck, ship, train and plane are the 4 main types each representing one mode of transport.
• What is the CAGR of this market.

• 1% is the CAGR of this market.

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