Road Transport Industry Market Research & Statistics

 
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Global Road Transport Industry

 

The road transport industry plays a vital role in the wider economy, providing for the transport of goods and passengers. Road infrastructure is vital to the smooth running of the global road transport industry, which is also reliant on high-technology vehicles. Road transport industry players are increasingly focused on using energy-friendly vehicles to comply with changing requirements linked to environmental concerns.

 

The health of the world economy dictates growth in the road freight transport sector, rising and falling in tandem with demand for goods and services. Passenger transport involves buses, taxis and car rentals, providing efficient ways to get passengers to their destinations. Demand for environmentally friendly vehicles continues to rise as passengers become more aware of the need to protect the environment. Hybrid or electric buses and taxis, in particular, continue to witness rising demand.

 

Key Market Segments

 

  • Public transportation continues to become more important as cities across the world encounter traffic-related problems due to the fast pace of globalization. Urban transport developers worldwide are choosing bus rapid transport (BRT) for advantages such as speed and affordability. Apart from a high level of efficiency, BRT systems also offer sustainable results with minimal operational subsidy, reports Frost & Sullivan. As budgets remain tight following the economic recession, BRT is becoming an increasingly attractive option for city developers eager to combat urban congestion and offer city dwellers a cheap, reliable way to travel.

 

 

Regional Market Share

 

  • China’s passenger vehicle sector dominates the global market and holds strong growth potential, according to research from RNCOS. Growing transport infrastructure, a significant production base and economic growth are all factors fuelling industry performance. State initiatives have also been responsible for driving market growth. Mini buses and mid-heavy buses are two segments expected to boost China’s passenger vehicle market in coming years. Dongfeng Motor Group is one leading player currently operating in the passenger vehicle market in China.

 

  • India’s taxi service market has witnessed a growing number of small and large radio taxi operators, according to TechSci Research. The Indian radio taxi market has recorded almost 42% yearly growth since 2009 based on market revenue. Factors fuelling industry performance include rising levels of disposable income and a poor existing public transport system.

 

  • Brazil’s economy ranks sixth in the world, forecast to climb to fifth place before 2013, with a vast automobile manufacturing market. Bus production in Brazil is benefiting from rising demand in other countries. RNCOS predicts Brazil’s bus production will witness yearly growth in excess of 15% between 2012 and 2015. Buses are the top long-distance transportation method for most Brazilians and tourists, apart from in the Amazon Basin. The country’s bus services are mostly of very high quality. Municipal buses remain the principle mode of transport for people making the daily trip to work. Buses run frequently, and follow an extensive network of routes to cater to Brazilian passengers going to work and foreign travelers visiting the country. There is a high number of new vehicle registrations in the southeast of Brazil. The flex-fuel vehicle market segment is most popular among Brazilians according to current trends. This is thanks to its multi-choice refueling system. Flex-fuel vehicle sales have been soaring over recent years in Brazil, mainly due to favorable state regulations regarding biofuel usage.

 

 

Market Outlook

 

Over the coming years, leading players in the global road transport industry will continue to concentrate their efforts on minimizing traffic congestion to keep mobility fluid. Transportation networks worldwide will also evolve to cater to environmental requirements, aided by changing government legislation put in place to encourage greener modes of transport.

 

Apart from making important changes in road transport requirements to protect the environment, governments will also focus on bringing road and highway networks up to date and opening new networks to ease existing congestion. Safety will also play an important role in government initiatives in the context of road transport to foster economic growth.

 

 

Leading Industry Associations

 

ReportLinker.com offers immediate download access to top market reports & statistics on the Road Transport Industry from trusted sources.
1-10 of about 1 800 reports

Road Transport Industry in the US

  • January 2015
    19 pages
  • Road Passenger  

    Bus Service  

  • United States  

View report >

Road Transport Industry in Asia

  • December 2014
    31 pages
  • Myanmar  

    Asia  

    India  

View report >

Road Transport Industry in the UK Forecast

  • January 2015
    15 pages
  • Road Passenger  

    Taxi  

    Taxi Service  

  • United Kingdom  

    Europe  

View report >

The future of the Road Transport Industry in Canada

  • January 2015
    21 pages
  • Road Transport  

  • Canada  

View report >

Road Transport market shares in India

  • April 2014
    8 pages
  • Road Transport  

  • India  

View report >

Road Transport Industry in Australia Forecast

  • January 2015
    24 pages
  • Road Transport  

  • Australia  

View report >

The future of the Road Transport Industry in New Zealand

  • December 2014
    7 pages
  • Road Transport  

  • New Zealand  

View report >

The future of the Road Transport Industry in New Zealand

  • October 2014
    17 pages
  • Road Passenger  

    Motorway  

  • New Zealand  

View report >

Road Transport Industry in South Africa

  • January 2014
    10 pages
  • Passenger Trans  

    Public Transpor  

  • South Africa  

View report >

Road Transport Markets in New Zealand

  • January 2014
    16 pages
  • Road Transport  

  • New Zealand  

View report >

Search in Road Transport Industry (About 1 800 reports)
Topics under Road Transport

Parent industry:  Transportation

Related markets: Highway, Taxi, Bus Service, Bus, Coach, Toll Road, Taxi Service, Tollway, Car Rental, Taxicab, Hire Car, Motorway

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