The global road freight services market is expected to grow from $2.2 trillion in 2024 to $3.42 trillion by 2034, driven by improved infrastructure and rising e-commerce demand. Investments in highways, logistics hubs, and bypasses are streamlining supply chains and reducing costs.

Heavy-duty trucks, which held a 50% market share in 2024, will see 5% CAGR through 2034, essential for long-haul freight. Light and medium-duty trucks remain vital for urban deliveries. Domestic freight dominates with 83% share, fueled by regional deliveries and last-mile needs.

The Asia-Pacific region, especially China, leads with 45% market share, backed by strong manufacturing, growing consumption, and robust government infrastructure initiatives.