Road Freight Transport Market in Colombia: 3.75% Y-O-Y Growth Rate in 2022

  • In-Scope:
    • Construction:

      The road freight transport market share growth in Colombia by the construction segment will be significant during the forecast period. The rising residential construction in the country is fuelling the demand for specialized construction equipment which is enhancing the demand for road freight transportation in the country. Furthermore, the US-Colombia Trade Promotion Agreement (TPA) allows road and construction equipment to enter Colombia duty-free, creating opportunities for road freight transportation in the construction industry in Colombia. The industry in Colombia is also the third-largest industry in Latin America. Moreover, the government initiatives for the development of the Colombian construction industry are driving the growth of the construction industry.

  • Out-of-Scope:
    • Manufacturing
    • Food & Beverages
    • Agriculture
    • Others

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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Road Freight Transport Market in Colombia includes the following core components:

  • Shippers
  • Truck operators
  • Trucking carriers
  • Consignees
  • Marketing and sales
  • Services

Highlights-

  • Segmentation- The report extensively covers market segmentation by End-user (construction, manufacturing, food and beverages, agriculture, and others) and Type (full truckload and less-than truckload)
  • Key Companies- CLM Cargo, CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA, COORDINADORA, Deutsche Post AG, DSV Panalpina AS, Logistics Plus Inc., OPL CARGA SAS, TCC INVERSIONES SA, Transportes Sanchez Polo, and TRANSPORTES VIGIA SAS among others
  • Driver- Need to increase operational efficiency to drive the market
  • Challenge– High operational costs and competitive pricing to hamper the market growth 

Download Sample: for more additional information about the Road Freight Transport Market in Colombia

Vendor Insights-

The road freight transport market in Colombia is fragmented and the vendors are deploying growth strategies such as expanding their geographical reach and realigning their product offerings to compete in the market.

  • CLM Cargo – The company offers road freight transport that provides solutions for logistics, ocean freight, air freight, ground transportation, customs broker, warehousing and storage, courier.
  • CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA – The company offers road freight transport that provides services for air transport, marine transport, ground transportation, customs services, logistics and distribution, special transport.
  • COORDINADORA – The company offers road freight transport that provides services such as request free pickup, delivery times, merchandise shipping service, sending documents, messaging and stationery filing, international deliveries, bulk load, chemical and chemical dangerous goods, online service.

Download Sample Report to find additional highlights on the vendors and their product offerings

Learn More about Key Driver & Challenge of the Market-

  • Road Freight Transport Market in Colombia Driver:
    • Need to increase operational efficiency:

      An increase in fleet operating costs because of a rise in vehicle and fuel prices has created the need for increased operational efficiency. This has affected the profit margins of logistics businesses. Companies rely more on intermodal transportation to ship automotive parts, consumer goods, and heavy vehicles. The main reasons for the increased use of intermodal transportation are improved efficiency, cost reduction, and environmental impact. It offers many advantages over other modes of transportation. Intermodal transportation is cost-effective, easy to track, and has only a few idle periods. Other benefits include door-to-door delivery, faster delivery, the safety of the cargo, and the ability to use different routes. Such beneficiary attributes are driving the market growth.

  • Road Freight Transport Market in Colombia Challenge:
    • High operational costs and competitive pricing:

      Vendors in the market are under constant pressure from customers to keep prices low. While these providers have made profits from fixed-term contracts with customers, the volatility of fuel prices has decreased profitability. Users demand additional services at the same price, making it difficult for companies to price their services. The market requires a capital-intensive infrastructure in terms of a large fleet of vehicles and containers at ports, technology-equipped warehouses that store different products, and skilled labor. Furthermore, logistics service providers must control their operational costs to compete in the market. Small-sized logistics companies, which generate low revenue from their business operations, have long breakeven periods because of high operating costs. Hence, these factors are expected to hamper the growth of the market in focus during the forecast period.

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Road Freight Transportation Market in North America by Type and Geography – Forecast and Analysis 2021-2025: The road freight transportation market size in North America is expected to reach a value of USD 103.29 billion at a CAGR of 2.31%, during 2021-2025. To get more exclusive research insights: Download Sample Report

Road Freight Transportation Market in Europe by Product and Geography – Forecast and Analysis 2021-2025: The road freight transportation market share in Europe is expected to increase by USD 58.43 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3%. To get more exclusive research insights: Download Sample Report

Road Freight Transport Market in Colombia Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.58%

Market growth 2022-2026

$ 1.30 billion

Market structure

Fragmented

YoY growth (%)

3.75

Regional analysis

Africa

Performing market contribution

Colombia at 100%

Key consumer countries

Afghanistan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

CLM Cargo, CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA, COORDINADORA, Deutsche Post AG, DSV Panalpina AS, Logistics Plus Inc., OPL CARGA SAS, TCC INVERSIONES SA, Transportes Sanchez Polo, and TRANSPORTES VIGIA SAS

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1. Executive Summary                           

2. Market Landscape                              

                2.1 Market ecosystem             

                                Exhibit 01: Parent market

                2.2: Market Characteristics    

                2.3 Value chain analysis           

                                Exhibit 02: Value chain analysis: Trucking (freight)

                                2.2.1 Shippers

                                2.2.2 Truck operators

                                2.2.3 Trucking carriers

                                2.2.4 Consignees

                                2.2.5 Marketing and sales

                                2.2.6 Services

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 03: Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 04: Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2020 – 2025 

                                3.4.1 Estimating growth rates for emerging and high-growth markets

                                3.4.2 Estimating growth rates for mature markets

                                Exhibit 05: Global – Market size and forecast 2021 – 2026 ($ million)

                                Exhibit 06: Global market: Year-over-year growth 2021 – 2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 07: Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                4.3 Bargaining power of suppliers       

                4.4 Threat of new entrants    

                4.5 Threat of substitutes         

                4.6 Threat of rivalry   

                4.7 Market condition

                                Exhibit 08: Market condition – Five forces 2021

5 Market Segmentation by End-user                              

                5.1 Market segments

                                The segments covered in this chapter are:

  • Construction
  • Manufacturing
  • Food and beverages
  • Agriculture
  • Others

                            Exhibit 09: End-user – Market share 2021-2026 (%)

                5.2 Comparison by End-user  

                                Exhibit 10: Comparison by End-user

                5.3 Construction – Market size and forecast 2021-2026               

                                Exhibit 11: Construction – Market size and forecast 2021-2026 ($ million)

                                Exhibit 12: Construction – Year-over-year growth 2021-2026 (%)

                5.4 Manufacturing – Market size and forecast 2021-2026           

                                Exhibit 13: Manufacturing – Market size and forecast 2021-2026 ($ million)

                                Exhibit 14: Manufacturing – Year-over-year growth 2021-2026 (%)

                5.5 Food and beverages – Market size and forecast 2021-2026 

                                Exhibit 15: Food and beverages – Market size and forecast 2021-2026 ($ million)

                                Exhibit 16: Food and beverages – Year-over-year growth 2021-2026 (%)

                5.6 Agriculture – Market size and forecast 2021-2026  

                                Exhibit 17: Agriculture – Market size and forecast 2021-2026 ($ million)

                                Exhibit 18: Agriculture – Year-over-year growth 2021-2026 (%)

                5.7 Others – Market size and forecast 2021-2026           

                                Exhibit 19: Others – Market size and forecast 2021-2026 ($ million)

                                Exhibit 20: Others – Year-over-year growth 2021-2026 (%)

                5.8 Market opportunity by End-user  

                                Exhibit 21: Market opportunity by End-user

6 Market Segmentation by Type                      

                6.1 Market segments

                                The segments covered in this chapter are:

  • Full truckload
  • Less-than truckload

                            Exhibit 22: Type – Market share 2021-2026 (%)S

                6.2 Comparison by Type          

                                Exhibit 23: Comparison by Type

                6.3 Full truckload – Market size and forecast 2021-2026              

                                Exhibit 24: Full truckload – Market size and forecast 2021-2026 ($ million)

                                Exhibit 25: Full truckload – Year-over-year growth 2021-2026 (%)

                6.4 Less-than truckload – Market size and forecast 2021-2026  

                                Exhibit 26: Less-than truckload – Market size and forecast 2021-2026 ($ million)

                                Exhibit 27: Less-than truckload – Year-over-year growth 2021-2026 (%)

                6.5 Market opportunity by Type          

                                Exhibit 28: Market opportunity by Type

7 Customer landscape                           

                7.1 Overview

                                Exhibit 29: Customer landscape

8 Drivers, Challenges, and Trends                    

                8.1 Market drivers     

                                8.1.1 Need to increase operational efficiency

                                8.1.2 Rise in freight tonnage

                                8.1.3 Growing e-commerce industry

                8.2 Market challenges              

                                8.2.1 High operational costs and competitive pricing

                                8.2.2 Shortage of qualified drivers

                                8.2.3    The operational impact of new regulations

                                Exhibit 30: Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1 Increasing popularity of RFID tags

                                8.3.2 Development of autonomous vehicles

                                8.3.3 Rising demand for green logistics

9. Vendor Landscape                             

                9.1     Competitive scenario    

                9.2     Vendor landscape           

                                Exhibit 31: Vendor Landscape

                9.3     Landscape disruption    

                                Exhibit 32: Landscape disruption

                9.4     Industry risks    

                                Exhibit 33: Industry risks

10.  Vendor Analysis                              

                10.1 Vendors covered            

                                Exhibit 34: Vendors covered

                10.2 Market positioning of vendors  

                                Exhibit 35: Market positioning of vendors

                10.3 CLM Cargo           

                                Exhibit 36: CLM Cargo – Overview

                                Exhibit 37: CLM Cargo – Product and service

                                Exhibit 38: CLM Cargo – Key offerings

                10.4 CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA      

                                Exhibit 39: CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA – Overview

                                Exhibit 40: CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA – Product and service

                                Exhibit 41: CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA – Key offerings

                                Exhibit 42: CONSIGNACIONES TRANSITOS Y TRANSPORTES INTERNACIONALES SA – Segment focus

                10.5 COORDINADORA              

                                Exhibit 43: COORDINADORA – Overview

                                Exhibit 44: COORDINADORA – Product and service

                                Exhibit 45: COORDINADORA – Key offerings

                10.6 Deutsche Post AG            

                                Exhibit 46: Deutsche Post AG – Overview

                                Exhibit 47: Deutsche Post AG – Business segments

                                Exhibit 48: Deutsche Post AG – Key offerings

                                Exhibit 49: Deutsche Post AG – Segment focus

                10.7 DSV Panalpina AS             

                                Exhibit 50: DSV Panalpina AS – Overview

                                Exhibit 51: DSV Panalpina AS – Business segments

                                Exhibit 52: DSV Panalpina AS – Key offerings

                                Exhibit 53: DSV Panalpina AS – Segment focus

                10.8 Logistics Plus Inc.              

                                Exhibit 54: Logistics Plus Inc. – Overview

                                Exhibit 55: Logistics Plus Inc. – Product and service

                                Exhibit 56: Logistics Plus Inc. – Key news

                                Exhibit 57: Logistics Plus Inc. – Key offerings

                10.9 OPL CARGA SAS

                                Exhibit 58: OPL CARGA SAS – Overview

                                Exhibit 59: OPL CARGA SAS – Product and service

                                Exhibit 60: OPL CARGA SAS – Key offerings

                10.10 TCC INVERSIONES SA   

                                Exhibit 61: TCC INVERSIONES SA – Overview

                                Exhibit 62: TCC INVERSIONES SA – Product and service

                                Exhibit 63: TCC INVERSIONES SA – Key offerings

                10.11 Transportes Sanchez Polo          

                                Exhibit 64: Transportes Sanchez Polo – Overview

                                Exhibit 65: Transportes Sanchez Polo – Product and service

                                Exhibit 66: Transportes Sanchez Polo – Key offerings

                10.12 TRANSPORTES VIGIA SAS           

                                Exhibit 67: TRANSPORTES VIGIA SAS – Overview

                                Exhibit 68: TRANSPORTES VIGIA SAS – Product and service

                                Exhibit 69: TRANSPORTES VIGIA SAS – Key offerings

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market definition

                                11.1.2 Objectives

                                11.1.3 Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 70: Currency conversion rates for US$

                11.3 Research Methodology 

                                Exhibit 71: Research Methodology

                                Exhibit 72: Validation techniques employed for market sizing

                                Exhibit 73: Information sources

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