Truck Transport Market 2022 | Industry Trends, Analysis, Latest Inisights And Forecast To 2031 | Xiamen C&D, Cargill Incorporated, FedEx Corporation, United Parcel Service Inc., Toyota Motor Corp

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The global truck transport market report by the business research company identifies Stable economic growth is expected to increase investments in end-user markets to be a major growth driver for the truck transport market. Faster Economic Growth: The truck transport market's growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period.

The global truck transport market grew from $1,663.34 billion in 2021 to $1,836.67 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The truck transport market is expected to grow to $2,499.72 billion in 2016 at a CAGR of 8.0%.

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Asia Pacific was the largest region in the truck transport market in 2021. North America was the second largest region in the truck transport market. The regions covered in the truck transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the truck transport market are Xiamen C&D, Cargill Incorporated, FedEx Corporation, United Parcel Service Inc., Toyota Motor Corp, C.H. Robinson Worldwide Inc, XPO Logistics Inc., J. B. Hunt Transport Services, A.P. Møller-Mærsk A/S, and YRC Worldwide Inc.

The global truck transport market is segmented -
1) By Type: General Freight Trucking, Specialized Freight Trucking
2) By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Other Applications
3) By Size: Heavy Trucks, Medium Trucks, Light Trucks

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The Truck Transport Market Report Contents Include
1. Executive Summary
2. Report Structure
3. Truck Transport Market Characteristics
4. Truck Transport Market Product Analysis
5. Truck Transport Market Supply Chain
....
23. Market Background: Transportation Services Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer

This 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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