Report cover image

Freight Trucking Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 162 Pages
SKU # FOB19224298

Description

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)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.

Table of Contents

162 Pages
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)

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us