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Bharat Book Bureau Provides the Trending Market Research Report on “Japan Road Freight Transport Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) “ under Automotive Market Research Reports Category.
Because of the lockdown in the country, many customers preferred to order food and groceries online.The road is the primary method of freight in Japan.
As for transport tonnage volume in fiscal 2018, motor vehicle transport accounted for more than 90 percent of the total.Over 90% of truck carriers are Small and Medium-sized Enterprises (SMEs).
Despite increasing cash income and a growing Labor force, as drivers age rapidly, the supply of labor needed to maintain e-commerce and the overall low-price domestic market is still under threat.Key Market Trends Driver Shortage Hampering the Growth of Japan’s Road Freight MarketThe aging workforce and strong growth in online shopping have exacerbated the shortage of truck drivers.
The driver shortage is a widespread problem faced by global logistics companies, especially Japan, which is one of the most severely affected countries because of an aging population.
This situation has caused delays in the withdrawal of import and export cargo from major ports such as Tokyo and Kobe.
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The global road haulage market size is expected to reach USD 4,071.7 billion by 2025, registering a CAGR of 5.5% from 2019 to 2025 according to a study conducted by Grand View Research, Inc.
These factors are anticipated to drive the market in the coming years.The steady expansion of the automotive and transportation industries over the years has also spurred the demand for road haulage services in recent years.
Numerous technological advancements such as vehicle-to-vehicle communication, integrated supply chain, remote diagnostics, and autonomous driving are optimizing road transportation and increasing cargo throughput.Additionally, the availability of several online support services such as GPS tracking and google maps are expected to augment the adoption of road haulage services.
The rising demand for food commodities, local deliveries, agricultural goods, and wholesale product deliveries are anticipated to provide significant growth opportunities for the players present in the market.Request a Free Sample Copy of Road Haulage Market Report @ https://www.radiantinsights.com/research/road-haulage-market/request-sampleProfessional road haulage services are cost-efficient, easy to track, involve low idle period, offer doorstep deliveries and highly safe cargoes, and are capable of using different routes.
Reduction in vehicle and fuel taxes in certain countries are further boosting the adoption of road transportation.The market is highly fragmented and characterized by high competition with the presence of established local and regional players.
Key players operating in the market are focusing on enhancing their global logistics networks.