What Has Been The Evolution of the Cross-Border Road Transport Market in Recent Years?
The cross-border road transport market has seen considerable growth due to a variety of factors.
• The cross-border road transport market has seen robust growth recently. It will rise from $238.03 billion in 2024 to $253.79 billion in 2025, growing at a CAGR of 6.6%.
This growth is attributed to the increase in international trade agreements boosting demand for cross-border transport, economic growth in emerging markets demanding better logistics, rising consumer expectations for faster deliveries, e-commerce growth leading to higher cross-border shipments, and infrastructure investments improving road connectivity.
What Is the Forecasted Market Size and Growth Rate for The Cross-Border Road Transport Market Size In The Coming Years?
The cross-border road transport market is expected to maintain its strong growth trajectory in upcoming years.
• The cross-border road transport market is expected to grow significantly, reaching $324.58 billion by 2029 at a CAGR of 6.3%.
This growth is attributed to advancements in digitalization and logistics technologies, an increased focus on sustainable logistics, the use of AI and machine learning for optimization, investment in smart infrastructure, and the rise of autonomous vehicle technologies. Trends include the use of blockchain for transparent transactions, growth in electric and hybrid trucks, development of advanced vehicle communication systems, the integration of IoT for fleet management, and improvements in autonomous driving technology.
What Factors Are Driving Growth In The Cross-Border Road Transport Market?
The growth of the e-commerce sector is expected to fuel the expansion of the cross-border road transport market. E-commerce, the buying and selling of goods online, is growing due to the increasing consumer preference for online shopping and advances in digital technology. Cross-border road transport plays a vital role in delivering goods across borders, enhancing supply chain efficiency and customer satisfaction. For example, in May 2024, the US Census Bureau reported an 8.5% increase in e-commerce sales in the first quarter of 2024. This growth in e-commerce supports the cross-border road transport market.
What Are The Main Segments Of The Global Cross-Border Road Transport Market?
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
Subsegments:
1) By Freight Transport: Full Truckload (FTI) Transport, Less Than Truckload (LTD) Transport, Containerized Freight Transport, Bulk Freight Transport, Refrigerated Freight Transport
2) By Passenger Transport: International Bus Services, Coach Services, Private Car Transport (Cross-Border), Ride-Sharing And Carpooling Services, Cross-Border Taxi Services
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What Emerging Trends Are Influencing The Growth Of The Cross-Border Road Transport Market?
Companies in the cross-border road transport market are developing zero-emission logistics, such as electric truck services, to gain a competitive edge. Zero-emission logistics involves using electric or hydrogen-powered trucks to reduce environmental impact. For instance, in July 2024, Scan Global Logistics launched an electric cross-border truck service between Malaysia and Singapore, offering an eco-friendly alternative with advanced technology for real-time tracking and predictive maintenance.
Who Are the Key Players In The Cross-Border Road Transport Market?
Major companies operating in the cross-border road transport market are:
• 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
What Is The Most Dominant Region In The Cross-Border Road Transport Market?
North America was the largest region in the cross-border road transport market in 2024. The regions covered in the cross-border road transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
