On-demand Trucking Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032

On-demand Trucking Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032

The Global On-Demand Trucking Market was valued at USD 7.1 billion in 2023 and is anticipated to grow at a CAGR of 15.7% from 2024 to 2032. A key driver of this growth is the rapid expansion of e-commerce, which has heightened the need for flexible, efficient, and scalable logistics solutions. As online businesses strive to meet consumer demands for fast deliveries, particularly for last-mile logistics, the demand for on-demand trucking services continues to rise. Urbanization and infrastructure development are also fueling market growth. As cities grow and urban areas become denser, there is an increasing need for efficient transportation, particularly for last-mile deliveries.

Furthermore, expanding urban infrastructure leads to higher freight movement, especially for construction materials, which boosts the demand for flexible trucking solutions. The market is segmented by truck type into light-duty, medium-duty, and heavy-duty trucks. In 2023, light-duty trucks held over 40% of the market share and are projected to exceed USD 11 billion by 2032. Their versatility and efficiency in urban logistics, particularly for short-distance deliveries, make them essential for the growing e-commerce sector. Light-duty trucks are favored for their ability to navigate congested areas, making them ideal for fast and frequent deliveries in metropolitan regions.

When segmented by booking platforms, mobile apps reported approximately 68% of the market share in 2023. The growing popularity of mobile platforms stems from their convenience, real-time connectivity, and widespread use of smartphones. These apps allow shippers and carriers to manage freight operations seamlessly, providing benefits such as digital payment options, real-time freight matching, and GPS tracking. By reducing reliance on traditional intermediaries, remote platforms streamline logistics and offer transparency in pricing and availability, helping businesses make faster, more informed decisions. The North American on-demand trucking market garnered 35% of the revenue in 2023, with growth expected to surpass USD 10 billion by 2032. This growth is driven by the advancement of digital freight platforms and the booming e-commerce industry.

The U.S. leads the region, supported by its established logistics infrastructure and high demand for scalable transportation solutions. Factors like rising last-mile delivery needs, real-time tracking, and the adoption of mobile platforms by shippers and carriers are propelling market expansion. Additionally, rising fuel costs and truck driver shortages are prompting companies to adopt more efficient, technology-based logistics solutions.