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Freight Trucking Trends and Forecast
The freight trucking market looks promising with opportunities in the retail and e-commerce, industrial and manufacturing, healthcare, and automotive markets. The global freight trucking market is expected to reach an estimated $4.0 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rising adoption of telematics in the automotive sector, global expansion of the e-commerce industry, and surge in urban population growth.
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Freight Trucking by Segment
The study includes a forecast for the global freight trucking by truck type, cargo type, distance, end use, and region.
Freight Trucking Market by Truck Type [Shipment Analysis by Value from 2018 to 2030]:
• Dry Van & Box Truck
• Refrigerated Truck
• Tanker Truck
• Flatbed Truck
• Others
Freight Trucking Market by Cargo Type [Shipment Analysis by Value from 2018 to 2030]:
• Dry Bulk Goods
• Liquids
• Temperature Controlled Goods
• Others
Freight Trucking Market by Distance [Shipment Analysis by Value from 2018 to 2030]:
• Less Than 50 Miles
• 51 To 100 Miles
• 101 To 200 Miles
• 201 To 500 Miles
• Above 500 Miles
Freight Trucking Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Retail And E-Commerce
• Industrial And Manufacturing
• Healthcare
• Automotive
• Others
Freight Trucking Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Freight Trucking Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies freight trucking companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the freight trucking companies profiled in this report include-
• Deutsche Post
• Fedex
• United Parcel Service Of America
• Schneider National
• Old Dominion Freight Line
• XPO Logistics
• J.B. Hunt Transport Services
• Yellow Roadway
• Saia
• Estes Express Lines
Freight Trucking Market Insights
Lucintel forecasts that dry bulk good will remain the largest segment over the forecast period due to expansion of manufacturing industry, growing demand for safe and efficient transport of combustible fluids such as, oil and diesel.
North America will remain the largest region over the forecast period due to high volume of trade between the United States and Canada, and the well-developed transportation infrastructure in the region.
Features of the Global Freight Trucking Market
Market Size Estimates: Freight trucking market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Freight trucking market size by various segments, such as by truck type, cargo type, distance, end use, and region in terms of value ($B).
Regional Analysis: Freight trucking market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different truck type, cargo type, distance, end use, and regions for the freight trucking market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the freight trucking market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the freight trucking market size?
Answer: The global freight trucking market is expected to reach an estimated $4.0 billion by 2030.
Q.2 What is the growth forecast for freight trucking market?
Answer: The global freight trucking market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the freight trucking market?
Answer: The major drivers for this market are rising adoption of telematics in the automotive sector, global expansion of the e-commerce industry, and surge in urban population growth.
Q4. What are the major segments for freight trucking market?
Answer: The freight trucking market looks promising with opportunities in the retail and e-commerce, industrial and manufacturing, healthcare, and automotive markets.
Q5. Who are the key freight trucking market companies?
Answer: Some of the key freight trucking companies are as follows:
• Deutsche Post
• Fedex
• United Parcel Service Of America
• Schneider National
• Old Dominion Freight Line
• XPO Logistics
• J.B. Hunt Transport Services
• Yellow Roadway
• Saia
• Estes Express Lines
Q6. Which freight trucking market segment will be the largest in future?
Answer: Lucintel forecasts that dry bulk good will remain the largest segment over the forecast period due to expansion of manufacturing industry, growing demand for safe and efficient transport of combustible fluids such as, oil and diesel.
Q7. In freight trucking market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to high volume of trade between the United States and Canada, and the well-developed transportation infrastructure in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the freight trucking market by truck type (dry van & box truck, refrigerated truck, tanker truck, flatbed truck, and others), cargo type (dry bulk goods, liquids, temperature controlled goods, and others), distance (less than 50 miles, 51 to 100 miles, 101 to 200 miles, 201 to 500 miles, and above 500 miles), end use (retail and E-commerce, industrial and manufacturing, healthcare, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Freight Trucking Market, Freight Trucking Market Size, Freight Trucking Market Growth, Freight Trucking Market Analysis, Freight Trucking Market Report, Freight Trucking Market Share, Freight Trucking Market Trends, Freight Trucking Market Forecast, Freight Trucking Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Freight Trucking Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Freight Trucking Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Freight Trucking Market by Truck Type
3.3.1: Dry van & box truck
3.3.2: Refrigerated truck
3.3.3: Tanker truck
3.3.4: Flatbed truck
3.3.5: Others
3.4: Global Freight Trucking Market by Cargo Type
3.4.1: Dry bulk goods
3.4.2: Liquids
3.4.3: Temperature Controlled Goods
3.4.4: Others
3.5: Global Freight Trucking Market by Distance
3.5.1: less than 50 Miles
3.5.2: 51 to 100 Miles
3.5.3: 101 to 200 Miles
3.5.4: 201 to 500 Miles
3.5.5: Above 500 Miles
3.6: Global Freight Trucking Market by End Use
3.6.1: Retail and E-Commerce
3.6.2: Industrial and Manufacturing
3.6.3: Healthcare
3.6.4: Automotive
3.6.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Freight Trucking Market by Region
4.2: North American Freight Trucking Market
4.2.1: North American Freight Trucking Market by Cargo Type: Dry bulk goods, Liquids, Temperature Controlled Goods, and Others
4.2.2: North American Freight Trucking Market by End Use: Retail and E-Commerce, Industrial and Manufacturing, Healthcare, Automotive, and Others
4.3: European Freight Trucking Market
4.3.1: European Freight Trucking Market by Cargo Type: Dry bulk goods, Liquids, Temperature Controlled Goods, and Others
4.3.2: European Freight Trucking Market by End Use: Retail and E-Commerce, Industrial and Manufacturing, Healthcare, Automotive, and Others
4.4: APAC Freight Trucking Market
4.4.1: APAC Freight Trucking Market by Cargo Type: Dry bulk goods, Liquids, Temperature Controlled Goods, and Others
4.4.2: APAC Freight Trucking Market by End Use: Retail and E-Commerce, Industrial and Manufacturing, Healthcare, Automotive, and Others
4.5: ROW Freight Trucking Market
4.5.1: ROW Freight Trucking Market by Cargo Type: Dry bulk goods, Liquids, Temperature Controlled Goods, and Others
4.5.2: ROW Freight Trucking Market by End Use: Retail and E-Commerce, Industrial and Manufacturing, Healthcare, Automotive, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Freight Trucking Market by Truck Type
6.1.2: Growth Opportunities for the Global Freight Trucking Market by Cargo Type
6.1.3: Growth Opportunities for the Global Freight Trucking Market by Distance
6.1.4: Growth Opportunities for the Global Freight Trucking Market by End Use
6.1.5: Growth Opportunities for the Global Freight Trucking Market by Region
6.2: Emerging Trends in the Global Freight Trucking Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Freight Trucking Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Freight Trucking Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Deutsche Post
7.2: FedEx
7.3: United Parcel Service of America
7.4: Schneider National
7.5: Old Dominion Freight Line
7.6: XPO Logistics
7.7: J.B. Hunt Transport Services
7.8: Yellow Roadway
7.9: Saia
7.10: Estes Express Lines
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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