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The global road haulage market size is expected to reach USD 4,071.7 billion by 2025, registering a CAGR of 5.5% from 2019 to 2025 according to a study conducted by Grand View Research, Inc.
These factors are anticipated to drive the market in the coming years.The steady expansion of the automotive and transportation industries over the years has also spurred the demand for road haulage services in recent years.
Numerous technological advancements such as vehicle-to-vehicle communication, integrated supply chain, remote diagnostics, and autonomous driving are optimizing road transportation and increasing cargo throughput.Additionally, the availability of several online support services such as GPS tracking and google maps are expected to augment the adoption of road haulage services.
The rising demand for food commodities, local deliveries, agricultural goods, and wholesale product deliveries are anticipated to provide significant growth opportunities for the players present in the market.Request a Free Sample Copy of Road Haulage Market Report @ https://www.radiantinsights.com/research/road-haulage-market/request-sampleProfessional road haulage services are cost-efficient, easy to track, involve low idle period, offer doorstep deliveries and highly safe cargoes, and are capable of using different routes.
Reduction in vehicle and fuel taxes in certain countries are further boosting the adoption of road transportation.The market is highly fragmented and characterized by high competition with the presence of established local and regional players.
Key players operating in the market are focusing on enhancing their global logistics networks.