Dublin, July 13, 2023 (GLOBE NEWSWIRE) -- The "Freight Trucking: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Freight Trucking estimated at US$2.2 Trillion in the year 2022, is projected to reach a revised size of US$3.4 Trillion by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030.
Truck Trailer, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$1.1 Trillion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Lorry Tank segment is readjusted to a revised 4.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $532.7 Billion, While China is Forecast to Grow at 7.1% CAGR
The Freight Trucking market in the U.S. is estimated at US$532.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$770.8 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$683.2 Billion by the year 2030.
Select Competitors (Total 244 Featured) -
- A.P. Moller - Marsk A/S
- Canadian National Railway Company
- CEVA Logistics
- CMA CGM S.A.
- DB SCHENKER
- DHL International GmbH
- Estes Express Lines
- FedEx Corporation
- JB Hunt Transport Services Inc.
- Knight-Swift Transportation Holdings Inc.
- Kuehne + Nagel International AG
- Nippon Express Co., Ltd.
- Procet Freight cc
- R+L Carriers, Inc.
- Saia
- GEODIS
- Swift Transportation Company
- Transtech Logistics
- United Parcel Service of America, Inc.
- Werner Enterprises, Inc.
- XPO Logistics Inc.
- YRC Worldwide Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 752 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.2 Trillion |
| Forecasted Market Value (USD) by 2030 | $3.4 Trillion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Freight Trucking - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Global Trade & Retail: The Foundation for Growth in the Freight Trucking Industry
- Trade & Transport Logistics Are Mutually Reinforcing: Global Value of Export Trade (In US$ Billion) for the Years
- Year 2020 Has Been a Year of Astounding Disruption & Unbelievable Transformation
- COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
- Unemployment Spike in 2020 Challenges Growth in Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
- The First Vaccines Are Here! Will It Change the Existing Economic Realities? & Is it Really the Silver Bullet We Were Waiting For?
- How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: COVID-19 Vaccines In Millions of Annual Doses For Years 2020 Through 2025
- How Trade, Transport & Retail Industries Are Impacted by the Pandemic & What's the New Normal?
- Transportation Industry Bites the Dust
- Global Trade Plummets Impacting Freight & Logistics: Global Trade Exports & Imports Volume Growth (in %) by Region for 2018-2020
- Retailing & Merchandizing, the Key Drivers of Urban Logistics, Slumps
- Special Focus on Departmental Stores
- Global Department Stores Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- An Uncertain Recovery in Global Trade Means the Pain of the Pandemic Will Continue to Linger On for the Freight Transport Industry
- Global Merchandize Trade (In US$ Trillion) for Years 2019 to 2022
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Moving Beyond COVID-19, How Will Global Supply Chains Looks Like? The Answer Every Stakeholder in Supply Chain Logistics Should Know
- As Companies Come to Terms With the Depth of their Dependencies, Globalization Will Reduce to Regionalization
- Supply Chain 24/7 Visibility, the New Normal
- Why the Need to Modify The Pharmaceutical Supply Chain Is So Great?
- Rethinking Scale & Mix Will See the Rise of Parallel Supply Chains
- Making Data Talk: Digitization Will be the Key to Building Stronger, Smarter Supply Chains
- Focus on Road Infrastructure Development Post Pandemic to Ensure Sustained Growth in the Freight Trucking Industry
- Year 2020, a Year of Hiatus for Road Development Projects
- A Quick Rebound in 2021 is Supported by the Fact that Roads Play a Crucial Role in Enabling Seamless Movement of Goods Vital to Economic Recovery & Growth
- Growing Need to Bridge Infrastructure Gap Which is the Highest for Roadways Promises to Expand Budget Outlays for Highways and Transport Development : Global Cumulative Investments in Roadways Vs Actual Need for the Period 2016-2040 (In US$ Trillion)
- Cumulative Global Infrastructure Spending Gap 2018-2040 (In US$ Billion)
- Continuous Development of World's Highways to Expand Market Opportunities for the Trucking Industry: Length of Road Networks (In 000 Kilometers) in Top 15 Countries Worldwide for the Year 2020
- Demand for Refrigerated Trucks Grows in Parallel to the Focus Shed on Safe Transport of Perishable Temperature Sensitive Food Products & Produce
- Innovations in Refrigeration Systems for Transport Vehicles Gains Prominence
- Growing Demand for Frozen Foods Bodes Well for Refrigerated Road Transport Vehicle Demand & Trucking Services: Global Opportunity for Frozen Foods by Type (In US$ Billion) for Years 2020, 2022, 2024, 2026
- Sales of Refrigerated Vehicles (In Units) In the United States by Type for the Year 2021E
- In-Country Vaccine Transport Needs to Benefit Demand for Refrigerated Trucks & Trucking Services
- Fleet Telematics Brings in Performance Improvements in the Trucking Industry
- Cost Pressures in the Logistics Industry Spurs Market Opportunities for CV Telematics in Fleet Management
- Trucking Service Providers Step Up Spending on Telematics: Global Spending on Commercial Vehicle Telematics (In US$ Million)
- Rise of e-Commerce Comes as a Boon For Urban Logistics & the Trucking Industry in Particular
- Global e-Commerce Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Growing Focus on Enhancing Effectiveness of Last Mile Delivery Spurs Demand for Mini Electric Trucks
- Business-to-Customer (B2C) e-Commerce Pushes Last Mile Delivery Into a Multi-Billion Dollar Market: Global Last Mile Delivery Market (In US$ Billion) for Years 2020, 2022 and 2025
- Hybrid Truck-Drone Model for Last-Mile Delivery
- Autonomous Trucking: A Revolution in Making in the Trucking Industry
- Digitalization of Logistics Gains Fervor Amid the Pandemic
- Growing Number of Service Providers Leverage Data and Analytics for Smart Transportation
- The Push to Digitalize Gets Stronger: Global Digital Logistics Market Opportunity (In US$ Billion) for Years 2020, 2022, 2024 & 2027
- 3PLs Step Up Investments in Freight Management Systems. Here's Why
- Global Opportunity in Freight Management Systems Market (In US$ Million) for Years 2020, 2022 and 2024 and 2027
- Big Data Analytics Gains in Importance in Freight Management Systems
- The Move Towards Digitalization Accelerates Adoption of New Technologies & Presents New Opportunities for Growth
- Here's How IoT Will Deliver Revolution to the Trucking Industry
- Rise of Blockchain in Trucking: A Review
- Artificial Intelligence (AI) Makes Inroads in the Trucking Industry
- Global Opportunity for Artificial Intelligence (AI) in Logistics and Supply Chain (In US$ Billion) for Years 2020, 2022, 2024, 2025 and 2027
- New On-Demand Trucking Apps Take Center Stage
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/qxvi1m
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