Press release
Specialized Freight Trucking Market 2024 - Industry Size, Future Insights, Growth Drivers And Top Players
Specialized Freight Trucking Market
The Business Research Company presents an extensive market research report on the Specialized Freight Trucking Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The specialized freight trucking market size has grown strongly in recent years. It will grow from $1084.05 billion in 2023 to $1179.18 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to surge in oil and gas exports, strong economic growth in emerging markets, increased production and consumption of chemicals, and low interest rate environment..
The specialized freight trucking market size is expected to see strong growth in the next few years. It will grow to $1617.37 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to rising demand for raw materials from the manufacturing industries and rising urbanization will drive the market growth. Major trends in the forecast period include rising demand for raw materials from the manufacturing industries and rising urbanization will drive the market growth.
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Key Market Players:
Major companies operating in the specialized freight trucking market report are FedEx Corporation, Plains GP Holdings, Energy Transfer Partners LP, A.P. Møller-Mærsk A/S, Cargill, Incorporated, Saia, Inc, XPO logistics, Knight-Swift Transportation Holdings Inc., Deutsche Post DHL Group, Toyota Motor Corp, Spice Logistics Private Limited, Freight Mart Logistics, Prime Transport Corporation, OM Logsitcs Limited, Jiangsu Kunyue Logistics Co Ltd, Kunshan Yunda Express Co Ltd, Changsha Sitong Moving Transport Co Ltd, Ningbo Jinxing Logistics Co Ltd, Sichuan Wangcang County Transport Co Ltd, Shanghai Ruiqiang Logistics Co Ltd, Shanghai Taizhi Carbon Co Ltd, Tianjin Jinshi Wukuang International Logistics Co Ltd, InstaFreight GmbH, Haberling, Simco Trans GmbH, Fixemer Real Estate, Kahmen TransCargo GmbH, House of Logistics and Mobility, AW Transport & Logistics GmbH, Livchem Logistics GmbH, DHL Express, TNT Expressare, Spares, Pavages J.M. Beaulieu Inc Les, Smart Move Facilities Services Inc, Blackmine Outfitters Trucking Ltd, J & S Services Inc, R & C Weare Logging Ltd, N. W. White & Company, Bayshore Transportation System Inc, Benny Whitehead Inc, Koleaseco Inc, Harper Investments Inc, Pemex Logística E.P.S, Frialsa Frigoríficos S.A. de C.V, Bravo Servicos Logisticos Ltda, Ic Transportes Ltda, Transportes Transvidal Ltda, Transportes Della Volpe Sa Comercio E Industria, Liderbras Logistica E Transportes Ltda, Wellfield Services Limitada, Frigorifico Novara SA, Organizacion Coordinadora Argentina SRL, Luis A. Carrizo Y Cia. SRL, Oilmar Shipping and Chartering DMCC, Tri Star Transport, International Marine & Energy DMCC, Bin Jaraa General Transporting, Contracting & General Maintenance Company, The National Coal Supply Corporation LTD, Fridenson Logistic Services Ltd, Challenge Airlines (IL) Ltd, Saudi Ground Services Co , Al Kathiri Holding Company, Dammam Airports Company, Alpha Omega International Trading CC, Auto Carrier Corp, FPT Group (Pty) Ltd, Vhubs, Standard Vulcanizer, LTD Commodities
Market Drivers:
The specialised freight trucking market's growth is aided by 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. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/specialized-freight-trucking-global-market-report
The specialized freight trucking market covered in this report is segmented -
1) By Type: Automobiles And Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Goods
2) By Size: Heavy Trucks, Medium Trucks, Light Trucks
3) By Application: Oil and Gas, Industrial and Manufacturing, Energy and Mining, Food and Beverages, Pharmaceuticals and Healthcare, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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