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Canada Road Freight Transport Market Size

The Canada Road Freight Transport Market is anticipated to experience growth driven by various sectors, with the wholesale and retail trade segment benefiting significantly from the rapid expansion of e-commerce. The online food market is also contributing to the market's expansion, as a substantial portion of Canadians increasingly order food online. Additionally, the manufacturing sector's growth across provinces has led to increased domestic road freight transportation. Despite environmental concerns, the oil and gas, mining, and quarrying segments are expected to see substantial growth, further influencing the market's size.

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Market Size of canada road freight transport Industry

Canada Road Freight Transport Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 40.15 Billion
svg icon Market Size (2030) USD 51.99 Billion
svg icon Largest Share by End User Industry Wholesale and Retail Trade
svg icon CAGR (2024 - 2030) 4.40 %
svg icon Fastest Growing by End User Industry Wholesale and Retail Trade
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Canada Road Freight Transport Market Analysis

The Canada Road Freight Transport Market size is estimated at 40.15 billion USD in 2024, and is expected to reach 51.99 billion USD by 2030, growing at a CAGR of 4.40% during the forecast period (2024-2030).

40.15 Billion

Market Size in 2024 (USD)

51.99 Billion

Market Size in 2030 (USD)

3.23 %

CAGR (2017-2023)

4.40 %

CAGR (2024-2030)

Largest Market by Distance

73.18 %

value share, Long Haul, 2023

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Long-haul trucking is significant for cross-border freight transport. In Canada, exports recorded growth of 18.51% YoY, while imports recorded growth of 15.95% YoY in 2022.

Largest Market by Goods Configuration

70.74 %

value share, Solid Goods, 2023

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For domestic transportation of solid goods, the road is the preferred mode. Canada has more than a million kilometers of (two-lane equivalent) roads to support transportation.

Largest Market by End User Industry

26.66 %

value share, Wholesale and Retail Trade, 2023

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The wholesale and retail trade segment is poised for substantial growth, driven by the rapid expansion of e-commerce. The number of e-commerce users is expected to rise to 32.30 million by 2027.

Fastest Growing Market by Truckload Specification

4.93 %

Projected CAGR, Less than-Truck-Load (LTL), 2024-2030

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Less-than truckload became the fastest-growing segment in the market as e-commerce retail sales soared in Canada during the COVID-19 pandemic.

First Leading Market Player

1.99 %

market share, Mullen Group, 2022

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Mullen Group provides less-than truckload services with a network of 114 terminals. The LTL segment had 11 business units, which generated USD 778.7 million revenue in 2022.

E-commerce in Canada is expected to grow at a CAGR of 10.55% during 2023-2027, boosting the demand for road freight services

  • The wholesale and retail trade end-user segment is poised for substantial growth, primarily driven by the rapid expansion of e-commerce in Canada. In 2023, the e-commerce industry witnessed 10% YoY growth and reached USD 55 billion. Moreover, the e-commerce industry in Canada is expected to register a CAGR of 10.55% during 2023-2027. The online food market is exploding in Canada. Almost 40% of Canadians order food at retail or in food service at least once every two weeks. By 2025, 30.1% of Canadians are expected to continue to buy food online regularly.
  • In 2021, the manufacturing sector witnessed sales growth in every province, resulting in increased domestic road freight transportation of manufactured goods across Canada. Ontario experienced a sales increase of 11.3%, and Quebec saw a substantial rise of 19.5%. The growth in these provinces was largely driven by higher sales in the primary metal petroleum and coal industries. However, the transportation equipment industry saw fewer sales, which partially offset the overall growth. In Alberta, the surge in sales of 30.8% was primarily led by higher sales of petroleum and coal, as well as food products.
  • The oil and gas, mining, and quarrying segment of the market is poised for significant growth during the forecast period despite increased efforts to reduce greenhouse gas emissions. Canada is expected to maintain a strong oil and gas industry in the future. Projections suggest that Canada's total oil production will experience substantial growth, reaching six million barrels per day by 2028, a significant increase from the 4.90 million barrels per day recorded in 2019. Similarly, Canada's total natural gas production is expected to see notable growth, reaching 22.20 billion cubic feet per day by 2050.
Canada Road Freight Transport Market

Canada Road Freight Transport Industry Segmentation Canada Road Freight Transport Industry Segmentation

Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Domestic, International are covered as segments by Destination. Full-Truck-Load (FTL), Less than-Truck-Load (LTL) are covered as segments by Truckload Specification. Containerized, Non-Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Fluid Goods, Solid Goods are covered as segments by Goods Configuration. Non-Temperature Controlled, Temperature Controlled are covered as segments by Temperature Control.

  • The wholesale and retail trade end-user segment is poised for substantial growth, primarily driven by the rapid expansion of e-commerce in Canada. In 2023, the e-commerce industry witnessed 10% YoY growth and reached USD 55 billion. Moreover, the e-commerce industry in Canada is expected to register a CAGR of 10.55% during 2023-2027. The online food market is exploding in Canada. Almost 40% of Canadians order food at retail or in food service at least once every two weeks. By 2025, 30.1% of Canadians are expected to continue to buy food online regularly.
  • In 2021, the manufacturing sector witnessed sales growth in every province, resulting in increased domestic road freight transportation of manufactured goods across Canada. Ontario experienced a sales increase of 11.3%, and Quebec saw a substantial rise of 19.5%. The growth in these provinces was largely driven by higher sales in the primary metal petroleum and coal industries. However, the transportation equipment industry saw fewer sales, which partially offset the overall growth. In Alberta, the surge in sales of 30.8% was primarily led by higher sales of petroleum and coal, as well as food products.
  • The oil and gas, mining, and quarrying segment of the market is poised for significant growth during the forecast period despite increased efforts to reduce greenhouse gas emissions. Canada is expected to maintain a strong oil and gas industry in the future. Projections suggest that Canada's total oil production will experience substantial growth, reaching six million barrels per day by 2028, a significant increase from the 4.90 million barrels per day recorded in 2019. Similarly, Canada's total natural gas production is expected to see notable growth, reaching 22.20 billion cubic feet per day by 2050.
End User Industry
Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Destination
Domestic
International
Truckload Specification
Full-Truck-Load (FTL)
Less than-Truck-Load (LTL)
Containerization
Containerized
Non-Containerized
Distance
Long Haul
Short Haul
Goods Configuration
Fluid Goods
Solid Goods
Temperature Control
Non-Temperature Controlled
Temperature Controlled
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Canada Road Freight Transport Market Size Summary

The Canada Road Freight Transport Market is experiencing a dynamic phase of growth, driven by several key factors. The expansion of e-commerce is a significant contributor, with the wholesale and retail trade sectors poised for substantial growth. This surge in online shopping is complemented by the booming online food market, where a significant portion of Canadians regularly orders food online. The manufacturing sector's robust performance across provinces, particularly in Ontario and Quebec, has further fueled the demand for road freight transportation of goods. Despite challenges in the transportation equipment industry, the oil and gas, mining, and quarrying segments are expected to see significant growth, supported by Canada's strong oil and gas industry. The government's investment in transportation infrastructure, including enhancements to roads, rail, and shipping routes, is aimed at bolstering the efficiency and resilience of the transportation network, which is crucial for connecting Canada's dispersed population and supporting economic activities.

The market landscape is characterized by a fragmented structure, with major players like C.H. Robinson, Day & Ross, Mullen Group, Ryder System, Inc., and Yellow Corporation holding a small share of the market. These companies are actively pursuing strategic initiatives to enhance their operational capabilities and expand their service offerings. For instance, C.H. Robinson has developed technology to streamline freight shipping processes, while Mullen Group is expanding its logistics and warehousing segment through acquisitions. Ryder System is also enhancing its supply chain services by acquiring companies that offer a range of logistics solutions. However, rising fuel prices, influenced by global crude oil price fluctuations and geopolitical events, are increasing operational costs for trucking companies, posing challenges to profitability. Despite these challenges, the market is expected to continue its growth trajectory, supported by ongoing investments and strategic developments.

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Canada Road Freight Transport Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Agriculture, Fishing, and Forestry

      2. 1.1.2 Construction

      3. 1.1.3 Manufacturing

      4. 1.1.4 Oil and Gas, Mining and Quarrying

      5. 1.1.5 Wholesale and Retail Trade

      6. 1.1.6 Others

    2. 1.2 Destination

      1. 1.2.1 Domestic

      2. 1.2.2 International

    3. 1.3 Truckload Specification

      1. 1.3.1 Full-Truck-Load (FTL)

      2. 1.3.2 Less than-Truck-Load (LTL)

    4. 1.4 Containerization

      1. 1.4.1 Containerized

      2. 1.4.2 Non-Containerized

    5. 1.5 Distance

      1. 1.5.1 Long Haul

      2. 1.5.2 Short Haul

    6. 1.6 Goods Configuration

      1. 1.6.1 Fluid Goods

      2. 1.6.2 Solid Goods

    7. 1.7 Temperature Control

      1. 1.7.1 Non-Temperature Controlled

      2. 1.7.2 Temperature Controlled

Canada Road Freight Transport Market Size FAQs

The Canada Road Freight Transport Market size is expected to reach USD 40.15 billion in 2024 and grow at a CAGR of 4.40% to reach USD 51.99 billion by 2030.

In 2024, the Canada Road Freight Transport Market size is expected to reach USD 40.15 billion.

Canada Road Freight Transport Market Report Snapshots

Canada Road Freight Transport Market Size & Share Analysis - Growth Trends & Forecasts UP TO 2029