Freight Trucking Market Size, Outlook, Share, Top Players, Revenue, and Forecast 2031

The global freight trucking market revenue was around US$ 2,733 billion in 2021 and is estimated to reach US$ 4,457.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2031.

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Freight trucking is a heavy-duty vehicle that is used to move cargo, goods, and commodities from one location to another. These heavy-duty trucks have a sturdy chassis and a robust engine to easily handle heavier loads. These vehicles typically move cargo among factories, warehouses, retailers, and wholesalers.

Factors Influencing Market Growth

-The increased usage of telematics in the automobile sector and the rise of the worldwide e-commerce industry are both contributing to the growth of the freight trucking market.

-The advancement of self-driving trucks is anticipated to create growth possibilities for the market.

-Inadequate infrastructure and rising shipping costs are impeding market expansion.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a negative impact on the market. Due to the lockdown enacted by the government, flight cancellations, travel restrictions, and severely disrupted global logistics and supply chains. During the crisis, changes in the workforce and temporary restrictions on the transportation of commodities. Some nations across the world closed their borders and restricted transit and travel to control the coronavirus outbreak.

Additionally, the pandemic led to supply-chain disruptions that have decreased auto sales, created a shortage of semiconductor components, and forced the temporary closure of numerous production facilities around the world. These effects influenced the demand for freight trucks.

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Regional Insights

Asia-Pacific is anticipated to dominate the market. The expanding e-commerce business and rising economies are largely responsible for the market expansion in this region. The region's logistical infrastructure is being developed with strong government assistance, which is fostering the market. China has the largest logistics sector in the region because of its enormous population and robust manufacturing sector. Additionally, during the anticipated period, the market growth is anticipated to be fueled by the expansion of the e-commerce sector across the region.

Leading Competitors
The leading competitors in the global freight trucking market are:
-CEVA Logistics AG
-Schneider National
-Landstar System
-Saia
-Nippon Express Co. Ltd
-XPO Logistics
-Old Dominion Freight Line
-Yellow Roadway Corporation
-Deutsche Post AG
-Knight-Swift Transportation Holdings Inc
-A.P. Moller - Maersk
-J.B. Hunt Transport Services
-FedEx Corporation
-United Parcel Service of America
-Estes Express Lines
-Others
Segmentation Analysis
The global freight trucking market segmentation focuses Truck Type, Cargo Type, End-User and Region.
Segmentation based on Truck Type
-Dry van & box truck
-Refrigerated truck
-Tanker truck
-Flatbed truck
-Others
Segmentation based on Cargo Type
-Dry bulk goods
-Liquids
-Temperature controlled goods
-Others

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Segmentation based on End-User
-Retail and E-Commerce
-Industrial and Manufacturing
-Healthcare
-Automotive
-Others
Segmentation based on Region
-North America
-The U.S.
-Canada
-Mexico
-Europe
-Western Europe
-The UK
-Germany
-France
-Italy
-Spain
-Rest of Western Europe
-Eastern Europe
-Poland
-Russia
-Rest of Europe
-Asia Pacific
-China
-India
-Japan
-Australia & New Zealand
-ASEAN
-Rest of Asia Pacific

-Middle East & Africa (MEA)
-UAE
-Saudi Arabia
-South Africa
-Rest of MEA

-South America
-Brazil
-Argentina
-Rest of South America

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Table of Content

Chapter 1: Global Freight Trucking Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global Freight Trucking market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global Freight Trucking Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Freight Trucking market Size Forecast (2023-2031).

Continue….

Reasons to Buy This Report

(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.

(B) The report offers comprehensive analysis of Freight Trucking market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.

(C) The research includes segmentation of the Freight Trucking market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.

(D) Analysis of the Freight Trucking market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.

(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.

(F) The study helps evaluate Freight Trucking business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.

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