2020 Global Forest Products Trucking Market Opportunities and Use Cases - Long Term Forecast to 2030
The global forest products trucking market is expected to decline from $175.77 billion in 2019 to $173.78 billion in 2020 at a compound annual growth rate (CAGR) of -1.1%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $214.23 billion in 2023 at a CAGR of 7.2%.
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The forest products trucking market consists of sales of forest products trucking services and related goods by entities (organizations, sole traders and partnerships) that provide over-the-road transportation of forest products. Only goods and services traded between entities or sold to end consumers are included.
The consumption of wood-based panels grew by 1.3%. International trade of softwood logs reached 93 million m3 in 2018, which is a 52% increase over the last ten years. The rise in demand for wooden raw materials boosted the demand for trucking forest products and positively affected the forest products trucking market.
Forest Products Trucking Market Segmentation:
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Few Points From Table Of Content
1. Executive Summary
2. Forest Products Trucking Market Characteristics
3. Forest Products Trucking Market Size And Growth
4. Forest Products Trucking Market Segmentation
5. Forest Products Trucking Market Regional And Country Analysis
26. Key Mergers And Acquisitions In The Forest Products Trucking Market
27. Forest Products Trucking Market Trends And Strategies
28. Forest Products Trucking Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the Forest Products 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 Forest Products Trucking Market are Good Logistics, Timber Products Company, Fr. Meyer`s Sohn (GmbH & Co.) KG, JB Hunt Transport Services, Knight Transportation, CRST International, Leavitt’s Freight Service.
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