The global demand for Freight Trucking Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
A freight truck is a vehicle used for transporting goods. The three common types of freight trucks include the automobile-sized pickup truck, very tall off-road mining trucks, and massive highway semi-trailers. This industry has operators that provide freight truckload trucking. The general freight truckload carriers offer a full-truck movement of freight from source to destination. The freight shipment on a truck is characterized as a single full load not combined with other shipments.
The increasing manufacturing activity and more lavish retail spending globally are the major factors driving the freight trucking market over the forecast time frame. In addition to that, augmented global trade, need to control time-in-transit, growth in freight visibility solutions, and technological advancements in freight security, safety, and transportation solutions, are other factors that contribute to the development of the freight trucking market. Also, expansion in communications technologies and the high adoption of IoT globally are positively impacting the market growth. Moreover, the increasing trade volumes in the coming next five years are expected to raise shipments to and from US ports, thus need more trucking companies to move goods across the countries. It can be viewed as a lucrative opportunity in freight trucking the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of freight trucking.
The entire freight trucking market has been sub-categorized into type, end user, distance and cargo type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End User
- Lorry Tank
- Truck Trailer
- Refrigerated Truck
- Flat Bed Truck
- Oil & Gas
- Industrial & Manufacturing
- Energy & Mining
- Pharmaceuticals & Healthcare
- Food & Beverages
By Cargo Type
- 50 Miles or Less
- 51 Miles to 100 Miles
- 101-200 Miles
- 201-500 Miles
- Above 501 Miles
- Dry Bulk Goods
- Oil & Diesel
This section covers regional segmentation which accentuates on current and future demand for freight trucking market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Freight Trucking Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the freight trucking market include Procet Freight, Transtech Logistics, Kuhne+Nagel Inc., Interlogix Pty. Ltd., Swift Transport, Tuma Transport, Ceva Holdings LLC, FedEx Corporation, United Parcel Service Inc., Cargo Carriers Limited, A.P.Moller Maersk, Canadian National, CMA CGM, Deutsche Post, XPO Logistics, Yamato Holdings Co., Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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