Press release
Freight Trucking Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029
Platooning: This method allows trucks to run in a sequence, closely behind the other, automatically. These formations are controlled by computers that communicate with one another. For instance, in May 2020, U.S. states allowed platooning trucks.
Internet of Things (IoT): This method forms a network of devices, vehicles, and appliances that can actively share data. By the implementation of the IoT in trucking, it makes location tracking, environment sensing, fleet management, eco-friendly shipping, along with supply-demand balance better. This innovation had received a lot of attention in the freight market. For instance, Kuehne + Nagel, a logistics company, has been using a cloud-based platform and sensors to notify shippers with real-time information about locations and conditions of critical freight in transit.
Electric and Autonomous Trucks: Electric and autonomous vehicles have been already creating a buzz in the market. The same technology also increases the demand for trucks in the freight market. These trucks are eco-friendly, economical, and safer. With the increasing governmental norms for adapting electric vehicles, the demand for electric trucks is anticipated to grow in the upcoming years. For instance, in December 2021, FedEx received the first of 500 electric delivery light trucks from BrightDrop, which is the newly formed EV unit of General Motors.
The global freight trucking market is segmented based on the vehicle type, cargo type, and end-user. Based on the vehicle type, the market is segmented into light commercial vehicles and heavy commercial vehicles. Based on the cargo type, the market is sub-segmented into dry bulk, liquid bulk, and refrigerated products. Based on the end-user, the market has been segmented as industrial manufacturing, oil & gas industries, construction & mining industries, and others. The others type of segment includes chemical industries, agriculture industries, and food & beverages industries. Based on the cargo type, the dry bulk segment is expected to grow with the highest rest during the forecast period due to the continuous expansion of the manufacturing industries which has increased the demand in the freight trucking market globally.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Vehicle Type
By Cargo Type
By End-User
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Aramex International LCC, Deutsche Post AG, FedEx Corp., Hellmann Worldwide Logistics SE & Co. KG, and United Parcel Service of America, Inc.
Freight Trucking Market Segmentation
By Vehicle Type
Light Commercial Vehicle
Heavy Commercial Vehicle
By Cargo Type
Dry Bulk
Liquid Bulk
Refrigerated Products
By End-User
Industrial Manufacturing
Oil & Gas industries
Construction & Mining industries
Others (Chemical Industries, Agriculture Industries, and Food & Beverages Industries)
A full Report of Freight Trucking Market is Available @ https://www.omrglobal.com/industry-reports/freight-trucking-market
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Company Profiles
P. Moller Maersk
BDP International, Inc.
Canadian National Railway Co.
CEVA
CMA CGM
DB SCHENKER
Estes Express Lines
Expeditors International of Washington, Inc
Kuehne + Nagel
Nippon Express Co., Ltd.
R+L Carriers,Inc.
Saia LTL, Inc.
SNCF Group
Swift Transportation
XPO Logistics Inc.
Yellow Corp.
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/freight-trucking-market
https://www.somosxbox.com.mx/noticias-urgente/se-proyecta-que-el-valor-de-mercado-de-las-maquinas-de-moler-cafe-se-expanda-para-2029/120415/
https://ekz-crosstour.ch/news/marktausblick-fuer-musikinstrumente-2029-praesentiert-markteinblicke-und-eingehende-analysen/129110/
https://perualdia.net/valor-de-mercado-de-terminal-de-comunicacion-laser-proyectado-para-expandirse-en-2029/
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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