Market Research Report
Road Freight Transportation
|Road Freight Transportation|
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 142 Pages
Delivery time: 1-2 business days
Global Road Freight Transportation Market to Reach $4.8 Trillion by 2027
Amid the COVID-19 crisis, the global market for Road Freight Transportation estimated at US$3.5 Trillion in the year 2020, is projected to reach a revised size of US$4.8 Trillion by 2027, growing at a CAGR of 4.9% over the period 2020-2027.
The U.S. Market is Estimated at $938.2 Billion, While China is Forecast to Grow at 7.5% CAGR
The Road Freight Transportation market in the U.S. is estimated at US$938.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$986 Billion by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
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