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Cross border transportation refers to flow of freights across international borders. Supply and demand scenario for cross border trucking is high as there are many cross-border road transporters that provide these facilities and the number of goods moved across the border rises every year. Increase in volume of trade in goods and diversity of sources and destinations have increased importance of cross border transportation as an essential element in supporting the global economy. Customs clearance is an essential process in freight transportation across borders. Integrated logistics with customs clearance and value-added services (such as storage and packaging) is a key differentiating factor for logistics companies.
The cross-border road transport market is a vast and growing
industry. It is estimated to be worth over XX trillion per year and is expected
to grow at a compound annual growth rate (CAGR) of XX% from 2022 to 2032.
The growth of the cross-border road transport market is
being driven by a number of factors, including:
- Increased
globalization: Globalization has led to an increase in trade
between countries. This has created a need for more efficient and
cost-effective ways to transport goods across borders.
- Growing
middle class: The growth of the middle class in developing
countries is leading to an increase in demand for goods and services. This
is creating a need for more cross-border road transport services to meet
this demand.
- Advances
in technology: Advances in technology, such as GPS tracking and
telematics, are making cross-border road transport more efficient and
secure.
Despite the growth of the cross-border road transport
market, there are a number of challenges that the industry faces. These
challenges include:
- Increased
regulation: Governments around the world are increasingly
enacting regulations to improve road safety and environmental protection.
These regulations can add to the cost of cross-border road transport.
- Security
risks: Cross-border road transport is vulnerable to security
risks, such as theft and terrorism. These risks can increase the cost of
insurance and security measures.
- Inadequate
infrastructure: In some parts of the world, the infrastructure
for cross-border road transport is inadequate. This can lead to delays and
congestion, which can increase the cost of transport.
Despite the challenges, the cross-border road transport
market is expected to continue to grow in the coming years. The industry is
expected to benefit from the continued growth of globalization, the growth of
the middle class in developing countries, and advances in technology.
Here are some of the opportunities that exist in the
cross-border road transport market:
- The
growth of e-commerce: The growth of e-commerce is creating a need
for more efficient and cost-effective ways to transport goods across borders.
Cross-border road transport can play a role in this by providing a fast
and reliable way to transport goods to consumers.
- The
expansion of free trade agreements: The expansion of free trade
agreements is creating new opportunities for cross-border trade. This is
leading to an increase in demand for cross-border road transport services.
- The
development of new technologies: The development of new
technologies, such as autonomous vehicles and drones, is creating new
opportunities for cross-border road transport. These technologies can make
cross-border road transport more efficient and cost-effective.
Here are some of the challenges that the cross-border
road transport market faces:
- Increased
competition: The cross-border road transport market is becoming
increasingly competitive. This is due to the entry of new players, such as
online retailers and logistics companies.
- Changing
customer requirements: Customer requirements are changing, and
cross-border road transport companies need to adapt to these changes. For
example, customers are increasingly demanding more transparency and
traceability in their supply chains.
- Regulatory
compliance: Cross-border road transport companies need to comply
with a wide range of regulations. This can be complex and time-consuming.
The cross-border road transport market is a dynamic and
evolving industry. The opportunities and challenges that the industry faces are
constantly changing. However, the industry is expected to continue to grow in
the coming years.
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Top 10 Companies
Top 10 cross-border road transport companies in the world,
along with their market share and revenue in 2022 (in millions of USD):
|
Rank |
Company |
Country |
Market Share |
Revenue |
|
1 |
DHL |
Germany |
13.9% |
87,100 |
|
2 |
DB Schenker |
Germany |
12.3% |
78,500 |
|
3 |
Kuehne + Nagel |
Switzerland |
10.2% |
65,900 |
|
4 |
Ceva Logistics |
Switzerland |
8.0% |
52,600 |
|
5 |
DSV |
Denmark |
5.8% |
39,300 |
|
6 |
Nippon Express |
Japan |
5.2% |
35,800 |
|
7 |
Yusen Logistics |
Japan |
3.9% |
26,300 |
|
8 |
P&O Ferrymasters |
UK |
3.4% |
23,300 |
|
9 |
Hitachi Transport System |
Japan |
3.0% |
20,700 |
Here is a breakdown of the market share and revenue of these
top 10 companies by country:
|
Country |
Market Share |
Revenue (in millions of USD) |
|
Germany |
31.4% |
217,400 |
|
Switzerland |
22.4% |
145,800 |
|
Japan |
13.0% |
86,900 |
|
Denmark |
9.6% |
64,200 |
|
China |
6.8% |
45,400 |
|
Netherlands |
5.6% |
37,600 |
|
UK |
5.2% |
35,800 |
|
Italy |
4.8% |
32,800 |
|
Belgium |
4.4% |
30,400 |
As you can see, Germany is the dominant market for
cross-border road transport, with a market share of over 31%. Switzerland,
Japan, and Denmark are also major markets, with market shares of between 22%
and 9.6%. The remaining countries in the top 10 have market shares of less than
6.8%.
It is important to note that these market share and revenue
figures are estimates, and the actual figures may vary. The market for
cross-border road transport is constantly changing, and new companies are
entering the market all the time. As a result, the top 10 companies list may
change in the future.
Top impacting factors: market scenario analysis, trends,
drivers and impact analysis
- High
economic growth and increased disposable income contribute toward the
cross-border road transport market growth.
- Strict
rules and regulation of different countries hampers growth of the market.
Moreover, border ports are open for customs clearance 24 hours a day, but
for dangerous goods such as chemicals and other hazardous material customs
clearance is only carried out during business hours. This hampers the
market growth for cross border transport.
- Rapid
urbanization is expected to drive demand for consumer goods and this
growing demand provides opportunities for cross border transport companies
to expand their activities in other countries through online channels,
thereby facilitating cross-border trade of goods.
The cross border transport market trends are as
follows:
High economic growth
As transaction volume of retail products, petroleum, and
chemical products is expected to increase, demand for freight transportation by
cross border is expected to drive the market growth. However, there are many
obstacles to cross-border road transport such as rules and regulations of
different countries. Products such as vegetables & fruits, electronics,
fish, natural rubber, food, retail products, oil & chemicals, and
industrial machines are some of the main products that drive demand for cross-border
transport services. However, infrastructure of various borders such as the
India-Myanmar border post at Moreh is still inadequate. Hence, such factors
hamper growth of the market.
Key benefits of the report:
- This
study presents the analytical depiction of the cross border transport
market industry along with the current trends and future estimations to
determine the imminent investment pockets.
- The
report presents information related to key drivers, restraints, and
opportunities along with challenges of the cross border transport market.
- The
current market is quantitatively analyzed to highlight the cross
border transport market growth scenario.
- The
report provides a detailed contract logistics market analysis based on
competitive intensity and how the competition will take shape in coming
years.
Questions answered in the cross border transport
market research report:
- Which
are the leading market players active in the cross-border road transport
market?
- What
would be the detailed impact of COVID-19 on the market?
- What
current trends would influence the market in the next few years?
- What
are the driving factors, restraints, and opportunities in the cross border
transport market?
- What
are the projections for the future that would help in taking further
strategic steps?
Cross-Border Road Transport Market Report Highlights
|
Aspects |
Details |
|
By Service |
|
|
By End Use |
|
|
By Platform |
|
|
By Region |
|
|
Key Market Players |
Hitachi Transport System, DB Schenker, DHL, Nippon
Express, Kuehne + Nagel, Ceva Logistics, DSV, XPO Logistics., P&O
Ferrymasters, Yusen Logistics |
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