Freight Trucking Market Valued at US$ 2.29 Trillion in 2022, with a Projected CAGR of 4.7% from 2023 to 2029, Reaching US$ 3.16 Trillion by 2029

20.09.2023: Freight Trucking Market Report Scope and Research Methodology

The Freight Trucking Market encompasses heavy-duty vehicles used for the transportation of goods from one location to another. These versatile freight trucks are vital components of logistics services and are particularly suitable for off-road operations. They are categorized into six types: semi-trailer trucks, straight trucks, jumbo trucks, tail-lift trucks, truck trailers, and flatbed trucks, all known for their high carrying capacity. The market benefits from these features, contributing to its expected growth over the forecast period.

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What are Freight Trucking Market Dynamics?

Technological Advancements: Ongoing progress in the transportation and logistics industries, with a focus on enhancing cargo capacity and integrating advanced technologies, is expected to drive market growth.
Innovative Technology: Truck manufacturers are relying on innovative technology to improve vehicle performance and functionality, further supporting market expansion.
Order Tracking Demand: Increased demand for order tracking has led to the integration of new tracking systems in the freight trucking market.
Self-Driving Trucks: The emergence of self-driving freight trucks, especially in developed regions like North America and Europe, is on the horizon, further shaping the industry's future.
E-commerce Growth: The global rise in online shopping, driven by attractive measures taken by the e-commerce sector, is fueling demand for freight transportation services.
Home Delivery Trend: The trend of home delivery, especially for e-commerce purchases, is increasing the use of freight transportation services.

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What is Freight Trucking Market Segmentation?

pplication Dominance: The Oil and Gas segment is expected to lead with the highest market share and a strong CAGR. This segment benefits from the growing demand for long-distance cargo transportation, especially in emerging and developed countries.

Distance Distinction: Short-distance freight trucking leads the market, driven by the expanding e-commerce sector and its demand for freight transportation. Short-distance trucking offers advantages over other modes, despite environmental considerations.

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Who are Freight Trucking Market Key Players?

1. Cargo Carriers
2. UPS
3. FedEx
4. Ceva Holdings
5. Tuma Transport
6. Swift Transport
7. Interlogix
8. Kuhne+Nagel
9. Transtech Logistics
10. Procet Freight
11. Concargo
12. JandJ Global
13. United Parcel Service.
14. Union Pacific Corp
15. NYK Group
16. SF Express
17. XPO Logistics
18. A.P. Moller Maersk
19. Canadian National
20. CMA CGM
21. DB SCHENKER
22. Deutsche Post

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Table of content for the Freight Trucking Market includes:

Part 01: Executive Summary

Part 02: Scope of the Freight Trucking Market Report

Part 03: Global Freight Trucking Market Landscape

Part 04: Global Freight Trucking Market Sizing

Part 05: Global Freight Trucking Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

North America Leads: In 2022, North America took the lead in the market. The United States' freight trucking market was valued at US$ 514.7 billion in 2021, holding a significant market share. China, the second-largest economy, is expected to reach a market size of US$ 586.8 billion by 2027, with a CAGR of 6.3%. Japan, Canada, Germany, and the rest of the European market are also significant contributors to market growth.

Developing Market Expansion: Developed regions experience industry expansion due to domestic industry growth, investments in new road infrastructure, and increasing demand for urban last-mile delivery. Road transport via trucking accounts for a substantial portion of domestic shipping in the United States. The exports of manufactured goods and services from developing to developed economies have surged, indicating growing trade between emerging countries.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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