The cross-border road transport market has grown steadily over the past few years, expanding from $223.85 billion in 2023 to $238.03 billion in 2024 at a CAGR of 6.3%. The market’s growth has been driven by increasing international trade agreements, economic development in emerging markets, rising consumer demand for faster deliveries, expansion in the e-commerce sector, and significant infrastructure investments. Moving forward, the market is expected to grow to $305.53 billion in 2028 at a CAGR of 6.4%. Growth drivers for the forecast period include advancements in digitalization and logistics technologies, increased focus on sustainability and green logistics, growing use of artificial intelligence for route optimization, more investment in smart transportation infrastructure, and the expansion of autonomous vehicle technologies. Key trends include the emergence of blockchain for secure cross-border transactions, the growth of electric and hybrid trucks, vehicle-to-everything (V2X) communication systems, and the rise of Internet of Things (IoT) devices for real-time monitoring.
Global Cross Border Road Transport Market Key Driver
The growing e-commerce sector is expected to propel the growth of the cross-border road transport market in the coming years. E-commerce, defined as the buying and selling of goods and services via the internet, has been expanding rapidly due to increasing consumer preference for the convenience of online shopping and advancements in digital technology. Cross-border road transport plays a vital role in e-commerce by ensuring efficient delivery of goods across international borders, thereby enhancing supply chain operations and enabling faster and more reliable customer service. For instance, data from the Office for National Statistics (ONS) in April 2024 indicated that internet sales as a percentage of total retail sales in the UK increased to 30.7% in 2021, up from 28.1% in 2020. Therefore, the expanding e-commerce sector is significantly driving the growth of the cross-border road transport market.
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Global Cross Border Road Transport Market Segments
The cross-border road transport market covered in this report is segmented –
1) By Transportation Mode: Freight Transport, Passenger Transport
2) By Cargo Type: Perishable Goods, Non-Perishable Goods, Specialized Cargo
3) By End-user: Manufacturing, Retail And E-commerce, Automotive, Agriculture, Pharmaceuticals And Healthcare, Oil And Gas, Defense And Military Logistics, Individual, Other End-Users
By Geography:The regions covered in the cross-border road transport market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the cross-border road transport market in 2023.
Major Cross Border Road Transport Industry Players
United Parcel Service Inc., Deutsche Post DHL Group, FedEx Corporation, Deutsche Bahn AG, Kuehne + Nagel International AG, DSV A/S, C.H. Robinson Worldwide Inc., Expeditors International of Washington Inc., Nippon Express Co. Ltd., Sinotrans Limited, Geodis, J.B. Hunt Transport Services Inc., Ryder System Inc., Kerry Logistics Network Limited, Dachser Group SE & Co. KG, XPO Logistics Inc., Toll Group, YRC Worldwide Inc., ArcBest Corporation, Hellmann Worldwide Logistics SE & Co. KG, Mainfreight Limited, Agility Public Warehousing Company K.S.C.P., Bolloré Logistics, CEVA Logistics AG, Rhenus Logistics
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Cross Border Road Transport Market Overview
Cross-border road transport refers to the movement of goods or passengers by road vehicles across international boundaries. It involves navigating various regulations, customs procedures, and infrastructure differences between countries. This form of transport is crucial for international trade and economic integration, facilitating the flow of products and services between nations.
Cross Border Road Transport Global Market Report 2023 provides data on the global cross border road transport market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cross border road transport market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
