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.
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COVID-19 scenario Analysis:
The outbreak of COVID-19 has resulted in flight cancellations, travel bans, and quarantines, which led to massive slowdown of cross border transport activities across the globe. Due to closure of national and international borders, movement of freight carriers has ceased and the cross-border transportation industry has reported a decline in business. The most common reasons for decline in growth are movement restrictions, border controls and closures, and health checks These closures of national and international borders have led to decline in business of the cross border transport industry, which has caused flow of freight carriers to stop.
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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.
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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 | Cross-border Freight Transport International Transportation Management & Freight Forwarding International Warehousing & Logistics |
| By End Use | Manufacturing & Automotive Oil & Gas Chemicals Agriculture Fishing & Forestry Construction Distributive Trade Pharmaceutical & healthcare Other End-users |
| By Platform | Specialized & Generic Marketplaces Crowd Shipping Platform Digital Freight Exchange Tender Platform |
| By Region | North America (U.S., Canada, Mexico) Europe (Germany, France, UK, Italy, Rest of Europe) Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific) LAMEA (Latin America, Middle East, Africa) |
| Key Market Players | XPO Logistics., DHL, DB Schenker, Ceva Logistics, Hitachi Transport System, DSV, Kuehne + Nagel, P&O Ferrymasters, Nippon Express, Yusen Logistics |
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