According to Cognitive Market Research, the global road freight transport market size is USD 100258.20 million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.50% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 40103.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 30077.46 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 23059.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 5012.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 2005.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
The domestic held the highest road freight transport market revenue share in 2024.
