Road Train Market 2020 Trending Technology, Global Size, Insights And Forecast Till 2027

Road train is term used for a large truck or lorry that pulls one or more trailers in order to transport goods, primarily in remote and rural areas of Australia and the U.S. Road trains are usually categorized as vehicles with large tires having open, deep treads, and a flexible unit for a suspension. These vehicles are extensively employed for freight transportation in rural and remote areas.

The transition and evolution of global transportation are primarily due to booming manufacturing and agriculture industries, which fuel the utilization of road trains via fleet management in order to transport goods and material from one place to another. These factors are expected to propel the global road train market during the forecast period. Developing and major emerging economies, where transportation of products and goods is carried out by means of roadways, play an integral role in expansion of the global road train market. Expansion of the online shopping market, owing to increase in speedy internet access, has led to a rise in preference toward e-tailing among consumers. Furthermore, convenience and easy access, in terms of home delivery services, are projected to boost the road train market during the forecast period. Road trains are bigger, heavier, and bulkier vehicles, which makes road freight transportation comparatively slower and hence, hampers the road train market. Additionally, massive backlog in proper maintenance is also a major factor that is likely to hinder the road train market during the forecast period. Furthermore, tolls on road leads to massive time loss, which results in slow transportation of freight. Improper road infrastructure coupled with a lack of intent to improve transport facilities is expected to restraint the road train market during the forecast period.

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The global road train market can be segmented based on trailer arrangement, type of goods transported, distance travelled, and region.

In terms of trailer arrangement, the road train market can be divided into A-double, B-double, B-triple, AB-triple, and others. A-double comprises a prime mover pulling a standard lead trailer with a ball hitch attached to its rear end.

Based on type of goods transported, the global road train market can be classified into oil and gas, industrial and manufacturing, defense, energy and mining, chemicals, pharmaceutical & healthcare, food and beverage, and others.

Based on distance travelled, the global road train market can be bifurcated into 100 miles or less, 101 to 250 miles, 251-500 miles, 501-1000 miles, and above 1001 miles. Increase in preference for online shopping among consumers is projected to boost the 100 miles or less segment during forecast period.

In terms of region, the global road train market can be segmented into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Australia is a leading market for road train globally. Australia is followed by the U.S. These countries are major markets primarily due to their larger geographical areas.

Global players operating in road train market include Volvo Trucks, Road Trains of Australia, Western Star, and Kenworth.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

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Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?