North America Road Freight Transport Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The North America Road Freight Transport Market is segmented by End User ( Agriculture, Fishing And Forestry, Construction, Manufacturing, Oil And Gas, Mining And Quarrying, Wholesale And Retail Trade, Others ) , by Destination ( Domestic, International ) , by Truckload Specification ( Full Truckload, Less Than Truckload ) , by Containerization ( Containerized, Non- Containerized ) , by Distance ( Long Haul, Short Haul ) , by Product Type ( Liquid Goods, Solid Goods ) , by Temperature Control ( Controlled, Non-Controlled ) and by Country ( Canada, Mexico, United States )

Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2021
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User: Manufacturing
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country: United States
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 3.92 %

MAJOR PLAYERS

Key Players

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1. CRISP & INSIGHFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Market Overview

The North America Road Freight Transport Market stood at 636.74 billion USD in 2022 and is projected to register a CAGR of 3.92% to reach 801.99 billion USD in 2028.

  • Largest Segment by Distance - Long Haul : Long-haul trucking accounts for the highest market share in the North America road freight transport market owing to the initiatives taken by the government to increase infrastructure developments that facilitated the growth of cross-border trades.
  • Largest Segment by Product Type - Solid Goods : Solid goods dominate the product type segment over liquid goods in North America, as most of the goods transported within the solid goods segment also broadly contribute to the region's value-added output.
  • Largest Segment by End User - Manufacturing : The Manufacturing sector is the largest segment among end-user industries. The industry contributed around 11.2% towards GDP of the country.
  • Fastest Growing Segment by TruckLoad Specification - Less than Truckload : The less-than truckload segment has been growing at a faster rate due to the increased involvement of small and medium enterprises (SMEs) in the transportation of goods within North America.

Scope of the Report

Agriculture, Fishing And Forestry, Construction, Manufacturing, Oil And Gas, Mining And Quarrying, Wholesale And Retail Trade, Others are covered as segments by End User. Domestic, International are covered as segments by Destination. Full Truckload, Less Than Truckload are covered as segments by Truckload Specification. Containerized, Non- Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Liquid Goods, Solid Goods are covered as segments by Product Type. Controlled, Non-Controlled are covered as segments by Temperature Control. Canada, Mexico, United States are covered as segments by Country.
End User
Agriculture, Fishing And Forestry
Construction
Manufacturing
Oil And Gas, Mining And Quarrying
Wholesale And Retail Trade
Others
Destination
Domestic
International
Truckload Specification
Full Truckload
Less Than Truckload
Containerization
Containerized
Non- Containerized
Distance
Long Haul
Short Haul
Product Type
Liquid Goods
Solid Goods
Temperature Control
Controlled
Non-Controlled
Country
Canada
Mexico
United States
Rest Of The North America

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Key Market Trends

Manufacturing is the largest segment by End User.

  • In 2020, manufacturing sector was the largest contributing sector in road freight transport market with a contribution share of 29.45% in 2020 followed by wholesale and retail trade sector with a share of  29.10%. Also, these two sectors are major contributor in North America's GDP with a share of 12.2% for wholesale and retail trade and 11.2% for manufacturing sector in 2021.
  • The end user segment of road freight transportation experienced a decline of 2.70% YoY in 2018 followed by a decline of 0.38% YoY 2019 in volume terms due to decrease trade patterns of United States owing to the US-China trade war. Out of which, oil and gas, mining and quarrying segment witnessed the maximum decline of 5.37% YoY in 2019 owing to the decline in drilling activity related to natural gas and oil.
  • Agriculture, fishing, and forestry sector has been experiencing the highest CAGR of 6.8% from the past five years in North America, thus, the scope in this segment is anticipated to be paramount in terms of growth. 4.98 However, during the forecast period (2022-2028), within the end-user segment of the road freight transport market, oil and gas, mining and quarrying sector is expected to grow at highest CAGR of 4.98% followed by agriculture, fishing and forestry segment with CAGR of 4.45%.

United States is the largest segment by Country.

  • United States dominated the North America road freight transport market in 2020 and captured a market share of 84.86% followed by Mexico and Canada that captured a share of 7.30% and 5.08% respectively. Even though Canada is a larger economy as compared to Mexico, the road freight transport market in Mexico is around 3% larger than in Canada.
  • In 2018, the impact of the recession due to US-China trade war on the trucking industry in U.S. led to a decline in North America road freight transport market at a YoY of 2.70% followed by a decline of 0.38% YoY in 2019 in volume. One of the reasons for decline was a decrease in the imports and exports of goods by 1.70% YoY (USD 3349.8 billion) and 0.54% YoY (USD 2344.6 billion) respectively in North America during 2019.
  • In 2020, as the pandemic hit the World, North America road freight market witnessed a declining growth of 0.55% YoY and reached 4042.8 Billion ton-km in volume as U.S., Canada and Mexico's major industries contributing to the country's growth were disrupted massively when the lockdowns were imposed. However, North America road freight market was resilient enough to recover in 2021 with a growth rate of 4.91% YoY in volume as the internal industries recovered and import-export increased by 22.56% YoY and 22.14% YoY respectively in the region. In addition, Canada is anticipated to experience maximum growth in the forecast period with the highest CAGR growth of 4.96% from 2022 to 2028.

Competitive Landscape

The North America Road Freight Transport Market is fragmented, with the top five companies occupying 21.34%. The major players in this market are C.H. Robinson, FedEx, J.B. Hunt Transport Services Inc., Ryder System and United Parcel Service (UPS) (sorted alphabetically).

Major Players

  1. C.H. Robinson

  2. FedEx

  3. J.B. Hunt Transport Services Inc.

  4. Ryder System

  5. United Parcel Service (UPS)

*Disclaimer: Major Players are sorted alphabetically

Market Developments

  • May 2022: In September 2021, FedEx collaborated with Aurora and Paccar to test autonomous linehaul technology. Following this collaboration, in May 2022, Aurora expanded the autonomous freight pilot with FedEx in Texas.
  • May 2022: Landstar System provides Landstar Clarity™, a new freight-tracking exception-management tool. With this tool, location data from trucks can be updated every 15 minutes, and it also has many more features for problem-solving along the supply chain.
  • May 2022: Maersk completed the acquisition of Pilot Freight Services, a US-based international and domestic supply chain provider with cross-border solutions, in Canada and Mexico.

Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 GDP Distribution By Economic Activity

    2. 4.2 GDP Growth By Economic Activity

    3. 4.3 Wholesale Price Inflation

    4. 4.4 Economic Performance And Profile

    5. 4.5 Transport And Storage Sector GDP

    6. 4.6 Logistics Performance

    7. 4.7 Modal Share Of Freight Transport Sector

    8. 4.8 Length Of Roads

    9. 4.9 Export Trends

    10. 4.10 Import Trends

    11. 4.11 Fuel Pricing Trends

    12. 4.12 Trucking Operational Costs

    13. 4.13 Trucking Fleet Size By Type

    14. 4.14 Major Truck Suppliers

    15. 4.15 Road Freight Tonnage Trends

    16. 4.16 Road Freight Pricing Trends

    17. 4.17 Regulatory Framework

    18. 4.18 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 End User

      1. 5.1.1 Agriculture, Fishing And Forestry

      2. 5.1.2 Construction

      3. 5.1.3 Manufacturing

      4. 5.1.4 Oil And Gas, Mining And Quarrying

      5. 5.1.5 Wholesale And Retail Trade

      6. 5.1.6 Others

    2. 5.2 Destination

      1. 5.2.1 Domestic

      2. 5.2.2 International

    3. 5.3 Truckload Specification

      1. 5.3.1 Full Truckload

      2. 5.3.2 Less Than Truckload

    4. 5.4 Containerization

      1. 5.4.1 Containerized

      2. 5.4.2 Non- Containerized

    5. 5.5 Distance

      1. 5.5.1 Long Haul

      2. 5.5.2 Short Haul

    6. 5.6 Product Type

      1. 5.6.1 Liquid Goods

      2. 5.6.2 Solid Goods

    7. 5.7 Temperature Control

      1. 5.7.1 Controlled

      2. 5.7.2 Non-Controlled

    8. 5.8 Country

      1. 5.8.1 Canada

      2. 5.8.2 Mexico

      3. 5.8.3 United States

      4. 5.8.4 Rest Of The North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles

      1. 6.4.1 ArcBest

      2. 6.4.2 C.H. Robinson

      3. 6.4.3 Ceva Logistics

      4. 6.4.4 Deutsche Post DHL Group

      5. 6.4.5 DSV

      6. 6.4.6 FedEx

      7. 6.4.7 J.B. Hunt Transport Services Inc.

      8. 6.4.8 Knight-Swift Transportation

      9. 6.4.9 Landstar System Inc.

      10. 6.4.10 Maersk

      11. 6.4.11 Old Dominion Freight Line

      12. 6.4.12 Ryder System

      13. 6.4.13 Schneider

      14. 6.4.14 United Parcel Service (UPS)

      15. 6.4.15 Werner Enterprises Inc.

      16. 6.4.16 XPO Logistics Inc.

      17. 6.4.17 Yellow Corporation

  7. 7. KEY STRATEGIC QUESTIONS FOR ROAD FREIGHT CEOS

  8. 8. APPENDIX

    1. 8.1 Global Logistics Market Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (Market Drivers, Restraints & Opportunities)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

    7. 8.7 Currency Exchange Rate

List of Tables & Figures

    Figure 1:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, DISTRIBUTION OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, SHARE %, 2021

    Figure 2:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, GROWTH OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, CAGR %, 2016 – 2021

    Figure 3:  

    CANADA MARKET, WHOLESALE PRICE INFLATION RATE, PERCENTAGE (%), 2016 – 2021

    Figure 4:  

    MEXICO MARKET, WHOLESALE PRICE INFLATION RATE, PERCENTAGE (%), 2016 – 2021

    Figure 5:  

    UNITED STATES MARKET, WHOLESALE PRICE INFLATION RATE, PERCENTAGE (%), 2016 – 2021

    Figure 6:  

    NORTH AMERICA MARKET, E-COMMERCE , VALUE, USD, 2016 – 2021

    Figure 7:  

    NORTH AMERICA MARKET, E-COMMERCE BY SECTOR, SHARE %, 2021

    Figure 8:  

    NORTH AMERICA MARKET, MANUFACTURING , VALUE, USD, 2016 – 2021

    Figure 9:  

    NORTH AMERICA MARKET, MANUFACTURING BY SECTOR, SHARE %, 2021

    Figure 10:  

    NORTH AMERICA MARKET, TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT, VALUE, USD, 2016 – 2021

    Figure 11:  

    NORTH AMERICA MARKET, TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT, SHARE %, 2016 – 2021

    Figure 12:  

    CANADA MARKET, LOGISTICS PERFORMANCE, RANK, 2010 – 2018

    Figure 13:  

    MEXICO MARKET, LOGISTICS PERFORMANCE, RANK, 2010 – 2018

    Figure 14:  

    UNITED STATES MARKET, LOGISTICS PERFORMANCE, RANK, 2010 – 2018

    Figure 15:  

    NORTH AMERICA MARKET, MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE %, BY VOLUME (TONS), SHARE%, 2021

    Figure 16:  

    NORTH AMERICA MARKET, LENGTH OF ROADS BY TYPE OF SURFACE, SHARE %, 2021

    Figure 17:  

    NORTH AMERICA MARKET, LENGTH OF ROADS BY TYPE OF ROAD, SHARE %, 2021

    Figure 18:  

    NORTH AMERICA MARKET, VALUE OF EXPORTS, USD, 2016-2021

    Figure 19:  

    NORTH AMERICA MARKET, VALUE OF IMPORTS, USD, 2016-2021

    Figure 20:  

    NORTH AMERICA MARKET, FUEL PRICE BY TYPE OF FUEL, USD PER LITRE, 2016-2021

    Figure 21:  

    NORTH AMERICA MARKET, TRUCKING OPERATIONAL COSTS, SHARE %, 2021

    Figure 22:  

    NORTH AMERICA MARKET, TRUCKING FLEET SIZE BY TYPE, SHARE %, 2021

    Figure 23:  

    NORTH AMERICA MARKET, MAJOR TRUCK SUPPLIER BRANDS, SHARE %, 2021

    Figure 24:  

    NORTH AMERICA MARKET, ROAD FREIGHT TRANSPORT LOAD PICKED, TONS, 2016-2028

    Figure 25:  

    NORTH AMERICA MARKET, ROAD FREIGHT TRANSPORT RATES, USD/TON-KM, 2016-2021

    Figure 26:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, VOLUME, TON-KM, 2016 - 2028

    Figure 27:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, VALUE, USD, 2016 - 2028

    Figure 28:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VOLUME, TON-KM, 2016 - 2028

    Figure 29:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VALUE, USD, 2016 - 2028

    Figure 30:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY END USER, 2016 - 2028

    Figure 31:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VOLUME, TON-KM, 2016 - 2028

    Figure 32:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VALUE, USD, 2016 - 2028

    Figure 33:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028

    Figure 34:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VOLUME, TON-KM, 2016 - 2028

    Figure 35:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VALUE, USD, 2016 - 2028

    Figure 36:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028

    Figure 37:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VOLUME, TON-KM, 2016 - 2028

    Figure 38:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VALUE, USD, 2016 - 2028

    Figure 39:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028

    Figure 40:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VOLUME, TON-KM, 2016 - 2028

    Figure 41:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VALUE, USD, 2016 - 2028

    Figure 42:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028

    Figure 43:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VOLUME, TON-KM, 2016 - 2028

    Figure 44:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VALUE, USD, 2016 - 2028

    Figure 45:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028

    Figure 46:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VOLUME, TON-KM, 2016 - 2028

    Figure 47:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY END USER, VALUE, USD, 2016 - 2028

    Figure 48:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028

    Figure 49:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY DESTINATION, VOLUME, TON-KM, 2016 - 2028

    Figure 50:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY DESTINATION, VALUE, USD, 2016 - 2028

    Figure 51:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY DESTINATION, 2016 - 2028

    Figure 52:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY DESTINATION, VOLUME, TON-KM, 2016 - 2028

    Figure 53:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY DESTINATION, VALUE, USD, 2016 - 2028

    Figure 54:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY END USER, 2021 - 2028

    Figure 55:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY DESTINATION, VOLUME, TON-KM, 2016 - 2028

    Figure 56:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY DESTINATION, VALUE, USD, 2016 - 2028

    Figure 57:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY END USER, 2021 - 2028

    Figure 58:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY TRUCKLOAD SPECIFICATION, VALUE, USD, 2016 - 2028

    Figure 59:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY TRUCKLOAD SPECIFICATION, 2016 - 2028

    Figure 60:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY TRUCKLOAD SPECIFICATION, VALUE, USD, 2016 - 2028

    Figure 61:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY TRUCKLOAD SPECIFICATION, VALUE, USD, 2016 - 2028

    Figure 62:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY CONTAINERIZATION, VALUE, USD, 2016 - 2028

    Figure 63:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY CONTAINERIZATION, 2016 - 2028

    Figure 64:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY CONTAINERIZATION, VALUE, USD, 2016 - 2028

    Figure 65:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY CONTAINERIZATION, VALUE, USD, 2016 - 2028

    Figure 66:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY DISTANCE, VALUE, USD, 2016 - 2028

    Figure 67:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY DISTANCE, 2016 - 2028

    Figure 68:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY DISTANCE, VALUE, USD, 2016 - 2028

    Figure 69:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY DISTANCE, VALUE, USD, 2016 - 2028

    Figure 70:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY PRODUCT TYPE, VALUE, USD, 2016 - 2028

    Figure 71:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY PRODUCT TYPE, 2016 - 2028

    Figure 72:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY PRODUCT TYPE, VALUE, USD, 2016 - 2028

    Figure 73:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY PRODUCT TYPE, VALUE, USD, 2016 - 2028

    Figure 74:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY TEMPERATURE CONTROL, VALUE, USD, 2016 - 2028

    Figure 75:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY TEMPERATURE CONTROL, 2016 - 2028

    Figure 76:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY TEMPERATURE CONTROL, VALUE, USD, 2016 - 2028

    Figure 77:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY TEMPERATURE CONTROL, VALUE, USD, 2016 - 2028

    Figure 78:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 79:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY COUNTRY, 2016 - 2028

    Figure 80:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 81:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 82:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 83:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 84:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 85:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 86:  

    NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Market Definition

  • Vehicle Types - Passenger Vehicles, Commercial Vehicles and Motorcycles are the vehicle types considered under the automotive lubricants market.
  • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission oils, greases and hydraulic fluids are taken into consideration.
  • Service Refill - Service refill is the primary factor considered while accounting the lubricant consumption for each of the vehicle segments, under the study.
  • Factory Fill - First lubricant fill-ups for newly produced vehicles are considered.

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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Frequently Asked Questions

The North America Road Freight Transport Market market is studied from 2016 - 2028.

The North America Road Freight Transport Market stood at 636.74 billion USD in 2022 and is projected to register a CAGR of 3.92% to reach 801.99 billion USD in 2028.

Long-haul trucking accounts for the highest market share in the North America road freight transport market owing to the initiatives taken by the government to increase infrastructure developments that facilitated the growth of cross-border trades.

Solid goods dominate the product type segment over liquid goods in North America, as most of the goods transported within the solid goods segment also broadly contribute to the region's value-added output.

The Manufacturing sector is the largest segment among end-user industries. The industry contributed around 11.2% towards GDP of the country.

The less-than truckload segment has been growing at a faster rate due to the increased involvement of small and medium enterprises (SMEs) in the transportation of goods within North America.

C.H. Robinson,FedEx,J.B. Hunt Transport Services Inc.,Ryder System and United Parcel Service (UPS). are the major companies operating in North America Road Freight Transport Market.