Truck Transport Market 2023 - Size, Share, Demand, Growth, And Forecast

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.

As per the truck transport market report by The Business Research Company, the fleet regionalization is being widely adopted by truck transportation companies to reduce operational costs and increase transportation efficiencies.

The global truck transport market grew from $1839.85 billion in 2022 to $2000.78 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The truck transport market is expected to grow to $2727.85 billion in 2027 at a CAGR of 8.1%.

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Major competitors in the truck transport market include 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 truck transport market is segmented -
• By Type: General Freight Trucking, Specialized Freight Trucking
• By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Other Applications
• By Size: Heavy Trucks, Medium Trucks, Light Trucks
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the truck transport market in 2022.

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Truck transport refers to a mode of transportation of goods that provides over-the-road transportation of cargo using motor vehicles such as trucks and tractor-trailers, which is a big, heavy truck designed to transport cargo from one place to another to deliver services in rural areas and short-distance locations and reduce the risk of damage to goods.

The Table Of Content For The Truck Transport Market Include:
1. Executive Summary
2. Report Structure
3. Truck Transport Market Characteristics
4. Truck Transport Market Product Analysis
5. Truck Transport Market Supply Chain
6. Truck Transport Market Customer Information
……
22. Key Mergers And Acquisitions In The Truck Transport Market
23. Market Background: Transportation Services Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer

The "Global Truck Transport Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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