Road Freight Transportation Market Size, Share, Growth, Trends, and Global Industry Analysis: By Destination (Domestic, International), By Product Type (Liquid Goods, Solid Goods), By End User (Agriculture, Fishing & Forestry, Construction, Manufacturing, Oil and Gas, Mining & Quarrying, Wholesale & Retail Trade, Others), By Containerization (Containerized, Non-Containerized), By Truckload Specification (Full Truckload, Less Than Truckload), By Distance (Long Haul, Short Haul), and Region Forecast 2020-2031

Road freight transportation market size was valued at US$ 4.8 trillion in 2024 and is expected to reach US$ 6.0 trillion by 2031, growing at a significant CAGR of 5.0% from 2025-2031. The transportation of products from one place to another by road network using a motor vehicle is road freight transportation. Road freight is a cost-effective mode of transportation due to its low-cost transport gear and high utilization of existing infrastructure. As the road infrastructure is allowed anytime, without a previous reservation or registration, even spontaneous requested transportation is frequently carried out using trucks.

Growing bilateral trades across the globe, growing industrialization, and Increasing demand for inland transportation for logistics is expected to drive the growth of the road freight transportation market. In addition, increasing imports and exports of goods across the globe, low cost of transportation, easy convenience, and flexibility of road transport are expected to boost the growth of the road freight transportation market over the forecast period. Furthermore, growing e-commerce businesses & entrepreneurial ventures, the rapid advancement of technology, and the growing role of e-tailing are expected to further trigger the growth of the road freight transportation market over the forecast period.

However, road conditions, weather, and traffic congestion along with long-distance transport are expected to hinder the growth of the road freight transportation market over the forecasted period. For instance, floods, snow, and rain make the roadways inaccessible. In these situations, the roads become dangerous for delivery owing to road accidents and breakdowns. Moreover, the use of blockchain in the road transport industry is an emerging trend in the road freight transportation market, Blockchain technology is a digital ledger linked to a list of blocks that stores data in a cryptographically secured and decentralized network. Geographically, the Asia Pacific region held the major market share in 2022 and is expected to dominate the global road freight transportation market in the forecasted years.

Key Developments

• In September 2021, FedEx announced its collaboration with Aurora and Paccar to test autonomous linehaul technology.