Freight Trucking Market Size, Industry Analysis Report By Cargo Type (Dry/Bulk Goods, Hazardous/Dangerous Goods, and Temperature Controlled Goods), By Type (Closed Box & Refrigerated, Flatbed Truck,Curtain Side.), By Product (Low to Medium Truck Load (LTL), Full Truck Load (FTL).) & Region – Forecast

  • 06/12/2022
  • 229
  • Automotive & Transportation
Freight Trucking Market: Overview
The global Freight Trucking market size was valued at USD 9.25 billion in 2022 and is expected to expand at a CAGR of 14.5% over the forecast period. Over the past few years, the freight trucking sector has undergone substantial changes due to changes in the way freight trucks are operated, the adoption of cutting-edge technologies, advancements in vehicle designs, and other reasons. Freight vehicle manufacturing is still rising internationally as a result of logistical requirements from numerous end-use industries, including food and beverage, oil and gas, energy and mining, chemicals, and more. A few of the factors that are projected to affect the expansion of the freight trucking business are the rise in automation, the explosive growth of e-Commerce, and the focus on industrialization by administrations throughout the Asia Pacific.

Freight Trucking Market - Growth Factors
In order to optimize their product fulfillment operations, market players in the food and beverage sector are primarily focused on streamlining logistics and satisfying the low-volume, high-frequency requirements of the industry. Due to the intense competition in the food and beverage business, many food companies are also focusing on cost reduction and adaptation to shifting transportation networks. Trucking is one of the most popular and often utilized methods of moving freight, and this pattern is anticipated to continue during the projected period.

Freight Trucking Market – Market Trends
1. Increased transportation volumes would also be a result of swift urbanization, industrialization, and construction industry expansion, propelling the global freight trucking market forward.
2. The market for freight trucking is anticipated to grow during the forecasted period due to ongoing technological advancements.
3. During the predicted timeframe, it is anticipated that the marketing of the freight trucking business would increase due to the incorporation of new technologies into freight trucks and the tremendous growth of several industries around the world.
4. Trillions of dollars worth of goods are transported annually by the global freight industry to every region of the globe. Trucks are omnipresent in the freight ecosystem because practically every item or container, regardless of its country of origin, must be delivered by vehicle.

The Freight Trucking Market – Segmentation
on the basis of Cargo Type is segregated into
• Dry/Bulk Goods
• Hazardous/Dangerous Goods
• Temperature Controlled Goods

On the basis of Type, the market is categorized into
• Closed Box & Refrigerated
• Flatbed Truck
• Curtain Side.

On the basis of Product, the market is bifurcated into
• Low to Medium Truck Load (LTL)
• Full Truck Load (FTL).

The Freight Trucking Market –Regional Analysis
A geographical analysis predicts that the North American market would register a significant revenue CAGR throughout the forecast period. The increased use of freight trucks in industrialised countries like the U.S. and Canada is to blame for this expansion. On the other side, the e-commerce sector in developing nations like China, Japan, and India is expected to grow quickly, causing major development in the Asia Pacific region.

The Freight Trucking Market – Key Market players

The major players in the market are:
• A.P. Møller - Mærsk A/S
• Canadian National Railway Company
• CEVA Logistics
• DHL International GmbH
• Estes Express Lines
• FedEx Corporation
• JB Hunt Transport Services Inc.
• Knight-Swift Transportation Holdings Inc.
• Kuehne + Nagel International AG
• Nippon Express Co., Ltd.
• Procet Freight cc
• R+L Carriers, Inc.
• Saia
• Swift Transportation Company
• Transtech Logistics
• United Parcel Service of America, Inc.
• Werner Enterprises, Inc.
• XPO Logistics Inc.
• YRC Worldwide Inc.

Report scope
Global Freight Trucking Market: Historical Years- 2018-2021
Global Freight Trucking Market: Forecast Years- 2022-2030
Global Freight Trucking Market 2022- USD 9.25 billion
Global Freight Trucking Market CAGR- 14.5%

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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


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Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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