Freight Trucking Market Report Overview:
The Freight Trucking Market research emphasizes key factors like market share, distributor networks, primary suppliers, evolving price trends, and the raw material supply chain. Anticipated to exhibit notable growth during the forecast timeframe, the global Freight Trucking market experienced steady development in 2020. With prominent players implementing diverse strategies, the market is poised to witness continued growth throughout the projected period. The Freight Trucking Market report provides comprehensive insights to companies, offering a deep understanding of the dynamics within the global industry.
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Freight Trucking Market Growth Estimate:
Freight Trucking Market size was valued at US$ 2.29 Tr. in 2022 and the total revenue is expected to grow at 4.7 % through 2023 to 2029, Freight Trucking Market is reaching nearly US$ 3.16 Tr. by 2029.
Dynamics of the goods trucking market:
The logistics and transportation sectors have continuously advanced. Technological advancements are anticipated to fuel the expansion of the freight trucking industry as truck manufacturers continue to release new vehicle models with improved cargo capacity and technologies. Many truck manufacturers rely heavily on cutting-edge technology to enhance the functioning and performance of their vehicles. The need for order tracking has increased, forcing the goods transportation industry to implement new tracking technologies. Self-driving goods trucks will soon be on the road, especially in industrialised countries of North America and Europe, as technology continues to evolve at a rapid pace.
Freight Trucking Market Segmentation:
by Application
Oil and Gas
Industrial and Manufacturing
Defence
Energy and Mining
Chemicals
Pharmaceuticals and Healthcare
Food and Beverages
The market is divided into submarkets based on application, including Oil and Gas, Chemicals, Pharmaceuticals and Healthcare, Food and Beverages, Industrial and Manufacturing, Defence, Energy and Mining, and Oil and Gas. The need for goods trucking services is rising as long-distance cargo transportation gains traction in both industrialised and developing nations. Another factor propelling market expansion is the rising demand for cold storage trucks for the transportation of perishable goods, especially food and beverages. There are many different kinds of goods vehicles on the market, including flatbed trucks, truck trailers, lorry tanks and refrigerated trucks. The refrigerated truck is anticipated to expand at the fastest CAGR throughout the forecast period.
by Distance
Short distance
Long distance
The market is divided into short- and long-distance segments based on distance. the market leader for short distance within the projected period. In 2022, trucks accounted for 77% of road transport volume, or 1800 billion tonne-kilometers, and this number continued to rise. Long-distance or long-haul freight transit by truck on the road offers some substantial advantages over other modes, even though it is not ecologically friendly. One of the main reasons for this is the fast growing e-commerce sector, which places a high demand on freight transportation
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Freight Trucking Market Key Players:
1. Cargo Carriers
2. UPS
3. FedEx
4. Ceva Holdings
5. Tuma Transport
6. Swift Transport
7. Interlogix
8. Kuhne+Nagel
9. Transtech Logistics
10. Procet Freight
11. Concargo
12. JandJ Global
13. United Parcel Service.
14. Union Pacific Corp
15. NYK Group
16. SF Express
17. XPO Logistics
18. A.P. Moller Maersk
19. Canadian National
20. CMA CGM
21. DB SCHENKER
22. Deutsche Post
Table of content for the Freight Trucking Market includes:
Part 01: Executive Summary
Part 02: Scope of the Freight Trucking Market Report
Part 03: Global Freight Trucking Market Landscape
Part 04: Global Freight Trucking Market Sizing
Part 05: Global Freight Trucking Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Freight Trucking Market Regional Analysis:
Geographically, Freight Trucking market report is segmented into key regions, such as North America, Asia Pacific, Europe, Middle East and Africa, and South America. Furthermore, the report includes market size, growth rate, import and export, as well as country-level analysis, integrating the demand and supply forces of the Freight Trucking market in these countries, which are impacting the market growth.
Key Questions answered in the Freight Trucking Market Report are:
- What are the market segments?
- Which production technology is utilized for Freight Trucking?
- What trends are driving the market growth?
- Who are the global key players in the Freight Trucking market?
- What is the global market status of the Freight Trucking market?
- What was volume, manufacture value, price, and revenue of Freight Trucking market?
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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