North America Road Freight Transport Market Size & Share Analysis - Industry Research Report - Growth Trends

 Market Analysis for Road Freight Transport in North America

The market for road freight transport in North America is anticipated to grow at a rate of 3.92 percent.

Long-haul trucking has the largest market share in North America's road freight transport industry, thanks to government initiatives to boost infrastructure development, which allowed the expansion of cross-border trading.

Solid goods are the most common product type segment in North America, predominating over liquid goods because most of the commodities transported within this sector also significantly contribute to the region's value-added output.

Largest Segment by End User: Manufacturing: Of all end-user industries, manufacturing is the largest segment. About 11.2% of the nation's GDP came from the industry.

In North America, the full truckload segment has the fastest-growing market share according to truckload specifications. One of the major factors anticipated to support the market's expansion is the growing acceptance of Radio Frequency Identification (RFID) tags.

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