Road Freight Transportation Market in North America 2021-2025

Road Freight Transportation Market in North America 2021-2025
The analyst has been monitoring the road freight transportation market in North America and it is poised to grow by $ 103.29 bn during 2021-2025, progressing at a CAGR of 2.31% during the forecast period. Our report on the road freight transportation market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the need to increase operational efficiency, increase in freight tonnage, and growth of the automotive and auto components industry. In addition, the need to increase operational efficiency is anticipated to boost the growth of the market as well.
The road freight transportation market in North America analysis includes the type segment and geographic landscape.

The road freight transportation market in North America is segmented as below:
By Type
• Full truckload
• Less-than truckload

By Geographical Landscape
• US
• Canada
• Mexico

This study identifies the increase in m&a as one of the prime reasons driving the road freight transportation market in North America growth during the next few years. Also, the use of alternative fuels and the introduction of self-driven trucks will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on road freight transportation market in North America covers the following areas:
• Road freight transportation market sizing
• Road freight transportation market forecast
• Road freight transportation market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading road freight transportation market vendors in North America that include CMA CGM Group, 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., and Yellow Corp. Also, the road freight transportation market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.