China Full Truckload Road Freight Transport Market Size & Share Analysis - Industry Research Report - Growth Trends

 Market Analysis of China's Full Truckload Road Freight Transport

The CAGR for the China Full Truckload Road Freight Transport Market is anticipated to be 5.98%.

Largest Segment by Destination - Domestic: The domestic destination segment attracted the largest market share thanks to significant investments in infrastructure development and government-backed programmes like the Road and Belt Initiative, which includes innovations like new trade routes and modes.

Manufacturing is the largest end-user category in the Chinese full-truckload market and contributes more than 25% of the nation's GDP, making it the largest end-user segment overall. China is regarded as a global leader in manufacturing.

Oil and gas, mining, and quarrying are the end user segments that are predicted to grow at the fastest rate, as China's national oil companies are anticipated to spend more than USD 120 billion on drilling and well services between 2021 and 2025 to meet the nation's expanding oil and gas demand.
International segment with the fastest growth rate: The international segment of the market is anticipated to grow at the fastest rate because China's overseas commerce is anticipated to increase significantly by 2025 and the country anticipates expanding its trade with Asian, African, and Latin American nations under its 14th Five-Year Plan.

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