Press release
Specialized Freight Trucking Market to See Huge Growth by 2030 | UPS, Fedex, Schneider National
The global specialized freight trucking market is expected to decline from $860.5 billion in 2019 to $849.8 billion in 2020 at a compound annual growth rate (CAGR) of -1.3%. 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 8% from 2021 and reach $1050.7 billion in 2023.
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The specialized freight trucking market consists of sales of specialized freight trucking services by entities (organizations, sole traders and partnerships) that provide over-the-road transportation of household and office goods.
The entry of automated vehicles with high-tech safety measures, cameras, radar, and Lidar sensors guiding the way, companies are able to save money through less fuel and more frequent schedules. Automated trucking has the ability to increase overall efficiency in the freight transportation industry. For instance, a self-driving truck of Otto company completed the first commercial shipment of beer in Colorado.
Specialized Freight Trucking Market Segmentation:
By Type
1. Automobiles And Heavy Equipment
2. Bulk Liquids
By Application
1. Oil & Gas
2. Food & Beverages
3. Energy & Mining
4. Industrial & Manufacturing
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Few Points From Table Of Content
1.Executive Summary
2. Report Structure
3. Specialized Freight Trucking Market Characteristics
4. Specialized Freight Trucking Market Product Analysis
5. Specialized Freight Trucking Market Supply Chain
……
21. Market Background: Truck Transportation Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the specialized freight trucking 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 specialized freight trucking market are UPS (United Parcel Service), Fedex (Federal Express), Schneider National, C.H. Robinson, J.B. Hunt Transport Services
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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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