Press release
Forest Products Trucking Market Size, Key Players, Growth Rate, Trends and Forecast 2024-2033
Forest Products Trucking Market
The forest products trucking market size is expected to see strongly grown in the next few years. It will grow to $295.02 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to sustainable logging practices, environmental regulations, technological advancements, biomass and bioenergy. Major trends in the forecast period include sustainability and certification, e-commerce and online marketplaces, timber theft prevention, forest road management.
Market Overview -
Forest products trucking refers to a mode of transportation that provides over-the-road transportation of forest products such as wood to carry it using heavy loading trucks to the point of storage and processing to make it suitable for furniture products for domestic and commercial purposes and provide raw materials for industrial applications.
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Rising Demand For Wood-Based Raw Materials Spurs Growth In Forest Products Trucking Market
The increase in demand for wood-based raw materials drives the demand for the forest products trucking market. Wood is the raw material for pulp and paper, wood-based panels, and many chemical products. For instance, in July 2022, according to the National Association of Home Builders, a US-based trade association, in 2021, 92% of newly constructed homes were framed with wood, while 7% were constructed using concrete. On a quantitative basis, there were 895,000 wood-framed homes completed in 2021, which represented an 8% increase compared to the total in 2020. . The rise in demand for wooden raw materials boosted the demand for trucking forest products and positively affected the forest products trucking market.
Competitive Landscape -
Major companies operating in the forest products trucking market include Good Logistics, Timber Products Company, Fr. Meyer's Sohn (GmbH & Co.) KG, JB Hunt Transport Services Inc., Knight Transportation, CRST International, Leavitt's Freight Service, Anderson Trucking Service Inc., Mercer Transportation, Prime Inc., Roadrunner Transportation Systems, ArcBest Corporation, XPO Inc., C.H. Robinson Worldwide Inc., Coyote Logistics, Echo Global Logistics Inc., Landstar System Inc., Schneider National Inc., Swift Transportation, Werner Enterprises Inc., Yellow Corporation, Old Dominion Freight Line Inc., Saia Inc., Estes Express Lines, ABF Freight System Inc., FedEx Corporation, TForce Freight
Forest Products Trucking Goes Green With Electric Timber Trucks
Development of electric trucks is a key trend gaining popularity in the forest products trucking market. Customers are increasingly preferring vehicles with lower carbon emissions. Electric trucks are environmentally sustainable and have lower carbon footprint. For example, in August 2022, Svenska Cellulosa AB (SCA), a Swedish forest industry company, together with Scania, a Swedish manufacturer of commercial vehicles, developed the electric timber truck with a capacity of 80 tons. The new electric timber truck represents an innovative step on the journey towards a fossil-free society and can be driven with a total weight of 64 tons on public roads and 80 tons on private roads.
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Key Segments -
The forest products trucking market covered in this report is segmented -
1) By Type: Log Transport, Chip Transport
2) By Size: Heavy Trucks, Medium Trucks, Light Trucks
3) By Applications: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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