Dublin, April 15, 2024 (GLOBE NEWSWIRE) -- The "Freight Trucking - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Freight Trucking Market to Reach $3.4 Trillion by 2030
The global market for Freight Trucking estimated at US$2.3 Trillion in the year 2023, is projected to reach a revised size of US$3.4 Trillion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030.
The report highlights the pivotal role of global trade and retail in driving growth within the Freight Trucking industry, emphasizing the interconnected nature of trade and transport logistics.
It discusses the profound impact of the pandemic on trade, transport, and retail industries, ushering in a new normal characterized by uncertainty and evolving market dynamics. Insights into transportation industry trends reveal challenges faced, while focusing on urban logistics and the departmental stores market reset.
Truck Trailer, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$1.1 Trillion by the end of the analysis period. Growth in the Lorry Tank segment is estimated at 3.8% CAGR for the next 8-year period. Despite an uncertain recovery in global trade, recent market activity indicates ongoing innovations within the Freight Trucking sector, showcasing efforts to adapt and thrive in the face of adversity.
The U.S. Market is Estimated at $555.3 Billion, While China is Forecast to Grow at 6.3% CAGR
The Freight Trucking market in the U.S. is estimated at US$555.3 Billion in the year 2023. 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 6.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 752 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $2.3 Trillion |
| Forecasted Market Value (USD) by 2030 | $3.4 Trillion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Freight Trucking - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Trade & Retail: The Foundation for Growth in the Freight Trucking Industry
- Trade & Transport Logistics Are Mutually Reinforcing: Global Value of Export Trade (In US$ Billion) for the Years
- How Trade, Transport & Retail Industries Are Impacted by the Pandemic & What's the New Normal?
- Transportation Industry Bites the Dust
- 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
- Recent Market Activity
- Innovations
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)
- 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
- 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
FOCUS ON SELECT PLAYERS(Total 244 Featured)
- DHL International GmbH
- Catom Trucking, Inc.
- A.P. Moller-Maersk A/S
- Americold
- Canadian National Railway Company
- CEVA Logistics
- CMA Cgm S.A
- Coyote Logistics LLC
- Expeditors International of Washington, Inc.
- Agro Merchants Group
- Burris Logistics
- Alliance Shippers Inc.
- Estes Express Lines
- Congebec
- Cargomatic, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/fwvcbp
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