Press release
Truck Transport Global Market Revenue – Growth Analysis, Industry Size, Overview, Opportunity And Outlook Report 2020-30: Covid 19 Impact And Recovery
The global truck transport market is expected to decline from $1609.2 billion in 2019 to $1591.8 billion in 2020 at a compound annual growth rate (CAGR) of -1.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $1984.9 billion in 2023.
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The truck transport market consists of sales of truck transportation services by entities (organizations, sole traders and partnerships) that provide over-the-road transportation of cargo using motor vehicles, such as trucks and tractor trailers. This market does not include household and office goods transportation services, which is a specialized industry.
Truck transportation companies are widely using robotics solutions to reduce delivery time and costs. It enables truck transportation companies move boxes and containers in and out of semitrailers and ocean freight containers, irrespective of its shape and size.
Truck Transport Market Segmentation: -
By Type
1. General Freight Trucking
2. Specialized Freight Trucking
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Truck Transport Market Characteristics
4. Truck Transport Market Product Analysis
5. Truck Transport Market Supply Chain
……………
20. Truck Transport Market Competitive Landscape
21. Key Mergers And Acquisitions In The Truck Transport Market
22. Market Background: Transport Services Market
23. Recommendations
24. Appendix
The report covers the trends and market dynamics of the truck transport market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the truck transport market are C.H. Robinson; J.B. Hunt Transport Services; YRC Freight; Swift Transportation; Landstar
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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