Forest Products Trucking Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Forest Products Trucking Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $295.02 billion In 2028 At A CAGR Of 6.9% :

The forest products trucking market size has grown strongly in recent years. It will grow from $210.58 billion in 2023 to $225.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to timber industry growth, logging and lumber mills, wood product demand, infrastructure development.

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.

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Forest Products Trucking Market Major 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 Driver - 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.

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Prominent Trend - 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.

Forest Products Trucking Market Players
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

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the forest products trucking market in 2023. North America was the second largest region in the forest products trucking market. The regions covered in the forest products trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Forest Products Trucking Market Report Structure
3. Forest Products Trucking Market Trends And Strategies
4. Forest Products Trucking Market - Macro Economic Scenario
5. Forest Products Trucking Market Size And Growth
…..
27. Forest Products Trucking Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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