Freight Trucking Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	162 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224298

Best Price Guarantee
Price	from $4,850
Length	162 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224298

Freight Trucking Market

Growth Factors of Freight Trucking Market

The freight trucking market size was valued at USD 2656.87 billion in 2023, and the market is now projected to grow from USD 2739.24 billion in 2024 to USD 3755.92 billion by 2032, exhibiting a CAGR of 4.0% during the forecast period of 2023-2030.

The COVID-19 pandemic has significantly affected the freight trucking market growth. This impact has caused disruptions in supply chains and fluctuations in demand. Lockdown measures and financial suspicions led to reduced freight volumes and delays in deliveries. However, the pandemic has shown the importance of freight trucking for maintaining the flow of goods. This has led to increased demand for carrying services. Since economies recover and trade resumes, the market is anticipated to get stable and progressively rebound.

The freight trucking market share globally has been contributed due to the upsurge in urbanization created importance for freight trucking. Since more people diverted to urban areas, there was a greater need for efficient transportation of goods, which made it easier for trucks to traverse. This will direct to widening the freight system analysis and the industry to create more business. The increasing urbanization and growing commercial and industrial activities, emission-free freight trucks offer many potential businesses opening. They have become essential for the smooth execution of goods deliveries to waste management, where freight trucking analysis is important.

The trend of increasing demand for electrified energy-efficient trucks to favor market growth. The increasing implementation of zero-emission and energy or fuel-efficient vehicles is propelling the demand for service. The obligation of stricter emission values is motivating freight service providers to move toward a new generation of clean energy vehicles, for instant fuel-cell electric vehicles and battery electric vehicles. Furthermore, rising fossil fuel prices have also enhanced demand for electric trucks due to inadequate availability.

Comprehensive Analysis of Freight Trucking Market

The freight trucking market and automotives industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the transportation & logistics industry. These segmentations are methodically segregated by types of truck type and end user. The truck types include refrigerated truck, tanker, dry Van, and flatbed. However, the end users are such as automobiles, machinery, apparel & footwear, pharmaceutical products, retail, electronics, petrochemicals, agriculture, building materials, and others.

The North American region is conducive to the global freight trucking market, leading to a recall of USD 998.84 billion owing to rising environmental concerns, green logistics solutions have been adopted in recent years. The U.S. represents one of the major contributors to the market with a highly integrated road transport network that connects producers and consumers depending on the type of cargo.

The top players in the market play a crucial role in the automotives industry assuring industrial prospectus growth and setting market standards. These players include C.H. Robinson Worldwide Inc. (U.S.), United Parcel Service, Inc. (U.S.), Deutsche Post AG (DHL) (Germany), FedEx Corporation (U.S.), Kuehne+Nagel International AG. (Switzerland), A.P. Moller - Maersk (Denmark), Schenker AG (Germany), Landstar System Holdings, Inc. (U.S.), Nippon Express Holdings, Inc. (Japan), and DSV Solutions (Denmark), these market players provide a level-playing competitive landscape.

In February 2024, Ryder acquired the dedicated fleet trucking trader Cardinal Logistics. The aim of this acquisition is to strengthen its position as a customized dedicated contract carrier in North America.

Segmentation Table

Global Freight Trucking Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.0% from 2024 to 2032

Unit Value (USD billion)

Segmentation By Truck Type

Refrigerated Truck
Tanker
Dry Van
Flatbed

By End User

Automobiles
Machinery
Apparels & Footwears
Pharmaceutical Products
Retail
Electronics
Petrochemicals
Agriculture
Building Materials
Others

By Geography

North America (By Truck Type and by End User)
U.S. (By End User)
Canada (By End User)
Mexico (By End User)
Europe (By Truck Type and by End User)
U.K. (By End User )
Germany (By End User )
France (By End User )
Rest of Europe (By End User )
Asia Pacific (By Truck Type and by End User)
China (By End User )
Japan (By End User )
India (By End User )
South Korea (By End User )
Rest of Asia Pacific (By End User )
Rest of the World (By Truck Type and By End User)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Industry Developments – Mergers, Acquisitions and Partnerships; 4.2. Latest Technological Trend; 4.3. Porters Five Forces Analysis; 4.4. COVID-19 Impact
5. Global Freight Trucking Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Definitions; 5.2. Market Analysis, Insights and Forecast – By Truck Type; 5.2.1. Refrigerated Truck; 5.2.2. Tanker; 5.2.3. Dry Van; 5.2.4. Flatbed; 5.3. Market Analysis, Insights and Forecast – By End User; 5.3.1. Automobiles; 5.3.2. Machinery; 5.3.3. Apparels & Footwears; 5.3.4. Pharmaceutical Products; 5.3.5. Retail; 5.3.6. Electronics; 5.3.7. Petrochemicals; 5.3.8. Agriculture; 5.3.9. Building materials; 5.3.10. Others; 5.4. Market Analysis, Insights and Forecast – By Region; 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia-pacific; 5.4.4. Rest of the world
6. North America Freight Trucking Market Analysis, Insights and Forecast, 2019-2032: 6.1. Market Analysis, Insights and Forecast – By Truck Type; 6.1.1. Refrigerated Truck; 6.1.2. Tanker; 6.1.3. Dry Van; 6.1.4. Flatbed; 6.2. Market Analysis, Insights and Forecast – By End User; 6.2.1. Automobiles; 6.2.2. Machinery; 6.2.3. Apparels & Footwears; 6.2.4. Pharmaceutical Products; 6.2.5. Retail; 6.2.6. Electronics; 6.2.7. Petrochemicals; 6.2.8. Agriculture; 6.2.9. Building materials; 6.2.10. Others; 6.3. Market Analysis – By Country; 6.3.1. U.S.; 6.3.1.1. – By End User; 6.3.2. Canada; 6.3.2.1. – By End User; 6.3.3. Mexico; 6.3.3.1. – By End User
7. Europe Freight Trucking Market Analysis, Insights and Forecast, 2019-2032: 7.1. Market Analysis, Insights and Forecast – By Truck Type; 7.1.1. Refrigerated Truck; 7.1.2. Tanker; 7.1.3. Dry Van; 7.1.4. Flatbed; 7.2. Market Analysis, Insights and Forecast – By End User; 7.2.1. Automobiles; 7.2.2. Machinery; 7.2.3. Apparels & Footwears; 7.2.4. Pharmaceutical Products; 7.2.5. Retail; 7.2.6. Electronics; 7.2.7. Petrochemicals; 7.2.8. Agriculture; 7.2.9. Building materials; 7.2.10. Others; 7.3. Market Analysis – By Country; 7.3.1. U.K.; 7.3.1.1. – By End User; 7.3.2. Germany; 7.3.2.1. – By End User; 7.3.3. France; 7.3.3.1. – By End User; 7.3.4. Rest of Europe; 7.3.4.1. – By End User
8. Asia pacific Freight Trucking Market Analysis, Insights and Forecast, 2019-2032: 8.1. Market Analysis, Insights and Forecast – By Truck Type; 8.1.1. Refrigerated Truck; 8.1.2. Tanker; 8.1.3. Dry Van; 8.1.4. Flatbed; 8.2. Market Analysis, Insights and Forecast – By End User; 8.2.1. Automobiles; 8.2.2. Machinery; 8.2.3. Apparels & Footwears; 8.2.4. Pharmaceutical Products; 8.2.5. Retail; 8.2.6. Electronics; 8.2.7. Petrochemicals; 8.2.8. Agriculture; 8.2.9. Building materials; 8.2.10. Others; 8.3. Market Analysis – By Country; 8.3.1. China; 8.3.1.1. – By End User; 8.3.2. Japan; 8.3.2.1. – By End User; 8.3.3. India; 8.3.3.1. – By End User; 8.3.4. South Korea; 8.3.4.1. – By End User; 8.3.5. Rest of Asia Pacific; 8.3.5.1. – By End User
9. Rest of the World Freight Trucking Market Analysis, Insights and Forecast, 2019-2032: 9.1. Market Analysis, Insights and Forecast – By Truck Type; 9.1.1. Refrigerated Truck; 9.1.2. Tanker; 9.1.3. Dry Van; 9.1.4. Flatbed; 9.2. Market Analysis, Insights and Forecast – By End User; 9.2.1. Automobiles; 9.2.2. Machinery; 9.2.3. Apparels & Footwears; 9.2.4. Pharmaceutical Products; 9.2.5. Retail; 9.2.6. Electronics; 9.2.7. Petrochemicals; 9.2.8. Agriculture; 9.2.9. Building materials; 9.2.10. Others
10. Competitive Analysis: 10.1. Key Industry Development; 10.2. Global Market Ranking Analysis (2023); 10.3. Competition Dashboard; 10.4. Comparative Analysis – Major Players; 10.5. Company Profiles; 10.5.1. C.H. Robinson Worldwide Inc. (U.S.); 10.5.1.1. Overview; 10.5.1.2. Products & Services; 10.5.1.3. SWOT Analysis; 10.5.1.4. Recent Developments; 10.5.1.5. Strategies; 10.5.1.6. Financials (Based on Availability); 10.5.2. United Parcel Service, Inc. (U.S.); 10.5.2.1. Overview; 10.5.2.2. Products & Services; 10.5.2.3. SWOT Analysis; 10.5.2.4. Recent Developments; 10.5.2.5. Strategies; 10.5.2.6. Financials (Based on Availability); 10.5.3. FedEx Corporation (U.S.); 10.5.3.1. Overview; 10.5.3.2. Products & Services; 10.5.3.3. SWOT Analysis; 10.5.3.4. Recent Developments; 10.5.3.5. Strategies; 10.5.3.6. Financials (Based on Availability); 10.5.4. Deutsche Post AG (DHL) (Germany); 10.5.4.1. Overview; 10.5.4.2. Products & Services; 10.5.4.3. SWOT Analysis; 10.5.4.4. Recent Developments; 10.5.4.5. Strategies; 10.5.4.6. Financials (Based on Availability); 10.5.5. Kuehne+Nagel International AG. (Switzerland); 10.5.5.1. Overview; 10.5.5.2. Products & Services; 10.5.5.3. SWOT Analysis; 10.5.5.4. Recent Developments; 10.5.5.5. Strategies; 10.5.5.6. Financials (Based on Availability); 10.5.6. A.P. Moller - Maersk (Denmark); 10.5.6.1. Overview; 10.5.6.2. Products & Services; 10.5.6.3. SWOT Analysis; 10.5.6.4. Recent Developments; 10.5.6.5. Strategies; 10.5.6.6. Financials (Based on Availability); 10.5.7. Schenker AG (Germany); 10.5.7.1. Overview; 10.5.7.2. Products & Services; 10.5.7.3. SWOT Analysis; 10.5.7.4. Recent Developments; 10.5.7.5. Strategies; 10.5.7.6. Financials (Based on Availability); 10.5.8. Nippon Express Holdings, Inc. (Japan); 10.5.8.1. Overview; 10.5.8.2. Products & Services; 10.5.8.3. SWOT Analysis; 10.5.8.4. Recent Developments; 10.5.8.5. Strategies; 10.5.8.6. Financials (Based on Availability); 10.5.9. Landstar System Holdings, Inc. (U.S.); 10.5.9.1. Overview; 10.5.9.2. Products & Services; 10.5.9.3. SWOT Analysis; 10.5.9.4. Recent Developments; 10.5.9.5. Strategies; 10.5.9.6. Financials (Based on Availability); 10.5.10. DSV Solutions (Denmark); 10.5.10.1. Overview; 10.5.10.2. Products & Services; 10.5.10.3. SWOT Analysis; 10.5.10.4. Recent Developments; 10.5.10.5. Strategies; 10.5.10.6. Financials (Based on Availability)