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Truck Transport Market Size, Share, Forecast, Growth, Trends 2024-2033
Truck Transport Market Size,
As per the report, the truck transport market size has grown strongly in recent years. It will grow from $2048.4 billion in 2023 to $2237.39 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The truck transport market size is expected to see strong growth in the next few years. It will grow to $3120.2 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
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Stable Economic Growth To Drive Truck Transport Market Growth
The truck transport market's growth is aided by the 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.
The Shift Towards Fleet Regionalization In Truck Transportation For Enhanced Efficiency And Cost Savings
Fleet regionalization is being widely adopted by truck transportation companies to reduce operational costs and increase transportation efficiencies. As a result, companies involved in the truck transportation business are gradually shifting their services from the international and national levels to the regional level. Regionalization of fleets enables truck transportation companies to increase operational efficiencies and reduce costs, improving driver and truck turnaround time. Major advantages of fleet regionalization include increased ports of entry, intermodal system capabilities, and shorter travel distances.
The truck transport market covered in this report is segmented -
1) By Type: General Freight Trucking And Specialized Freight Trucking
2) By Size: Heavy Trucks, Medium Trucks And Light Trucks
3) By Application: Oil And Gas, Industrial And Manufacturing, Energy And Mining, Food And Beverages, Pharmaceuticals And Healthcare, Others
Sub segments: Long-Distance General Freight Trucking And Local General Freight Trucking, Dry Bulk Materials, Automobiles And Heavy Equipment, Forest Products, Refrigerated Goods, And Bulk Liquids
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Major companies operating in the truck transport market report are FedEx Corporation, Knight-Swift Transportation Holdings Inc., XPO Logistics, YRC Worldwide, J.B. Hunt Transport Services, Inc., LDI Dimotrans Group, Paige Logistics Ltd, Searcy Trucking Ltd, Transport Corporation of India, Vrl, Gati, ZARCAM, Agarwal Packers and Movers, United Parcel Service (UPS), Panalpina, TASA Logística, Shanghai CNEX Express Co. Ltd, Deppon Logistics Co. Ltd, HOAU Logistics Company Limited, Sohgo Security Services Co., Ltd, Skelton Truck Lines, Amazon Japan G.K, Schneider National, Inc., Van der Vlist Russia, Super Terminals, Konoike Transport Co., Ltd, Fukuyama Transporting Co. Ltd, Shanghai ANE Juchuang Supply Chain Management Co., Ltd, Seino Transportation Co., Ltd, Gefco, Logistics Ekol Romania, Puma Cargo, Truckways Limited, Deutsche Post AG, Schneider Transport SA, Dachser Group SE & Co, HAVI Logistics GmbH, Yusen Logistics, Maxitrans, Frigoexpres, Schenker Aktiengesellschaft, J&R Transport Inc, Yamato Transport Co., Ltd, Panamerican Cargo, Nippon Express, MSC Mediterranean Shipping Company (Qatar) W.L.L, Brian Kurtz Trucking Ltd, SF Express Co. Ltd, Spoton logistics, JADE TRANSPORT LTD, Trans-Nationwide Express, Om Logistics, Landstar System, Inc., Trans Sese SL, Dibiagi Transporte Internaciona, Rodovitor Transport and Vehicle Rental, Pronto Cargo, Galeon Logistics, Qatar Navigation (Milaha), Sagawa Express Co., Ltd, Old Dominion, Fox Brasil, Norte Brasil Logistica, Primafrio SL, McKevitt Trucking Limited, TFI International, Novatrade Brasil, Almas Movers International, GWC (Gulf Warehousing Company QPSC), S.C. PHARAON SPEED EXPRESS SRL, Gulf Agency Company - GAC Qatar, N&N Logistics Inc, Bin Yousef Cargo, E2E Qatar, DHL -Mall of Qatar, GMC Logistics, KOS Deliveries, Ts Network Co., Ltd, Admiral Trucker Limited, UPS Inc, BTXpress Universal Limited, Ekene Dili Chukwu Nigeria Limited, Konek Group
Contents of the report:
1. Executive Summary
2. Truck Transport Market Report Structure
3. Truck Transport Market Trends And Strategies
4. Truck Transport Market - Macro Economic Scenario
5. Truck Transport Market Size And Growth
…..
27. Truck Transport Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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