1. Market Research
  2. > Automotive Market Trends
  3. > Road Transport

The Sector of Road Transportation: Latest Industry Trends and Statistics

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
8 votes

Topics under Road Transport

Global Road Transport Industry

The road transport industry plays a vital role in the automotive industry and 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. The road transport industry analysis shows that 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. Road 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.

Read more ยป

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 2 000 reports

Global Road Transport Forecast Statistics

  • December 2015
    6 pages
  • India  

    World  

View report >

Road Transport Industry in Romania and Europe

  • January 2015
    73 pages
  • Romania  

    Europe  

    World  

View report >

Road Transport Industry in China and Asia Forecast

  • December 2015
    15 pages
  • China  

    Asia  

    Singapore  

View report >

Road Transport Industry in the UK Forecast

  • April 2016
    259 pages
  • United Kingdom  

View report >

Road Transport Industry in Canada and Egypt Forecast

  • March 2016
    23 pages
  • Canada  

    Egypt  

    Estonia  

View report >

Road Transport Industry in India Forecast

  • November 2015
    20 pages
  • Road Transport  

  • India  

    United States  

View report >

The future of the Road Transport Industry in China

  • November 2014
    22 pages
  • Road Transport  

  • China  

    Asia  

View report >

Road Transport Markets in Australia

  • May 2016
    11 pages
  • Australia  

    Oceania  

View report >

Search in Road Transport Industry (About 2 000 reports)
Parent industry: Automotive
Related markets: Taxi Service, Public Transport, Freight, Travel, Bus, Highway, Road Infrastructure, Coach Transport

About 400 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 4 650)

Vehicle Security System Market by Type, Technology, Vehicle Type, and by Region - Industry Trends and Forecast to 2021

Vehicle Security System Market by Type, Technology, Vehicle Type, and by Region - Industry Trends and Forecast to 2021

  • $ 4 650
  • Industry report
  • May 2016
  • by MarketsandMarkets

The vehicle security system market, in terms of value, is projected to grow at a CAGR of 7.2% from 2016 to 2021. The market is estimated to be USD 7.57 billion in 2016, and is projected to reach 10.75 ...

Taxi Services World Report

May 2016 $ 3 047

Highway & Street Construction World Report

May 2016 $ 3 047

Highway, Street & Bridge Construction World Report

May 2016 $ 3 047

Miscellaneous Support Activities For Road Transportatio ...

May 2016 $ 3 047

Interurban & Rural Bus Transportation Lines World Repor ...

May 2016 $ 3 047

Interurban & Rural Bus Transportation World Report

May 2016 $ 3 047

Support Activities For Road Transportation Miscellaneou ...

May 2016 $ 3 047

School & Employee Bus Transportation Lines World Report

May 2016 $ 3 047

Taxi Service Lines World Report

May 2016 $ 3 047

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.