Market Size of brazil road freight transport Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2028 |
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Base Year For Estimation | 2021 |
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CAGR | 5.10 % |
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Largest Share by End User | Manufacturing |
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Fastest Growing by End User | Agriculture, Fishing and Forestry |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Brazil Road Freight Transport Market Analysis
The Brazil Road Freight Transport Market is projected to register a CAGR of 5.10%
- Largest Segment by Distance - Short Haul : The Brazilian government has started restructuring the investment process in the highway sector, helping to promote better risk sharing and a stronger incentive framework, thus strengthening short-haul trucking services and making it the dominant segment.
- Largest Segment by Product Type - Solid Goods : Owing to the substantial investment in consumer and industrial products, solid goods account for the maximum market share in the Brazilian road freight transport market. The industries included in this category account for the majority of the goods transported.
- Largest Segment by End User - Manufacturing : The manufacturing sector, which accounts for a share of more than 11% of the country's gross domestic product, is the largest segment among end users in the Brazilian road freight transport market.
- Fastest Growing Segment by TruckLoad Specification - Less than Truckload : The fastest-growing specification is the LTL service supported by registrations of new trucks that amounted to approximately 128.7 thousand units in 2021, an increase of 43% from 2020.
