Press release
Projected Growth and Market Size of Local General Freight Trucking: A Look into Key Trends and Major Players
Local General Freight Trucking Market
An overview of the local general freight trucking market: current market size, expected growth rate, key drivers, and emerging trends.
What Is The Projected Market Size Of The Global Local General Freight Trucking Market And Its Growth Rate?
- The local general freight trucking market size was $134.29 billion in 2024, and it's expected to grow to $136.39 billion in 2025, representing a compound annual growth rate (CAGR) of 1.6%.
- The growth in the historic period was attributed to factors such as economic growth in emerging markets, the growth in the building and construction sector, and a rise in disposable income.
- The local general freight trucking market is expected to grow marginally in the upcoming years, reaching $147.35 billion in 2029 at a CAGR of 2.0%.
- This growth is anticipated due to growing e-commerce sales, rising urbanization, and increasing demand for raw materials from manufacturing industries.
What Is Driving The Growth In The Local General Freight Trucking Market?
The rise in e-commerce sales is expected to fuel the local freight trucking market's growth in the forecast period. E-commerce, which pertains to buying and selling products and services on the Internet, directly impacts the trucking industry due to the necessity of moving items from various locations. For instance, according to the European Commission, the Belgium-based governing body responsible for executing decisions and upholding the EU treaties, 92% of surveyed individuals aged 16-74 used the internet in the past year, with 70% purchasing goods or services. This marks a 2% increase from 2022. Furthermore, 75% of EU internet users bought items online in 2023, underlining the continued growth of e-commerce. This increase in e-commerce sales elevates the demand for transporting goods and, in turn, drives the growth of the local freight trucking market.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3662&type=smp
Who Are the Key Players Driving Local General Freight Trucking Market Growth?
Major companies operating in the local general freight trucking market include:
- FedEx Corporation
- Deutsche Post DHL Group
- Yellow Corporation
- C.H. Robinson Worldwide Inc
- Old Dominion Freight Line Inc.
- XPO Logistics Inc.
- Landstar System Inc
- Knight Swift Transportation Holdings Inc.
- Schneider National, Inc.
- JB Hunt Transport Services Inc
- Luzhou Litong Industry Co., Ltd, and others.
What Are The Key Trends In The Local General Freight Trucking Market?
Key trends in the forecast period include:
- Use of Artificial Intelligence (AI)
- Focus on the Internet of Things (IoT)
- Mergers and acquisitions
- Increasing investments
- Partnerships and collaborations.
What Are The Segments Of The Global Local General Freight Trucking Market?
The local general freight trucking market is segmented by:
1) Type: Truckload Transportation, Less-Than-Truckload Transportation, Intermodal Transportation, Dry-Bulk Transportation, Other Types
2) Size: Heavy Trucks, Medium Trucks, Light Trucks
3) Application: Oil And Gas, Industrial And Manufacturing, Energy And Mining, Food And Beverages, Pharmaceuticals And Healthcare, Other Applications
Which Region Leads The Local General Freight Trucking Market?
Asia-Pacific was the largest region in the local general freight trucking market in 2024, followed by North America. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Pre-book the report for swift delivery:
https://www.thebusinessresearchcompany.com/report/local-general-freight-trucking-global-market-report
What Is Covered In The Local General Freight Trucking Market Global Market Report?
- Market Size Analysis: Analyze the Local General Freight Trucking Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Local General Freight Trucking Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Local General Freight Trucking Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Local General Freight Trucking Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=3662&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Learn More About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, we offer the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, enabling you to stay ahead of the curve. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Projected Growth and Market Size of Local General Freight Trucking: A Look into Key Trends and Major Players here
News-ID: 3838572 • Views: …
More Releases from The Business Research Company
Rail Transit Protective Coating Market Overview: Major Segments, Strategic Devel …
The rail transit protective coating sector is positioned for significant expansion in the coming years, driven by technological advancements and increasing infrastructure investments. This market is evolving rapidly as stakeholders prioritize durability, sustainability, and efficiency in rail transit systems. Let's explore the market's valuation projections, leading companies, emerging trends, and detailed segment analysis to get a clearer understanding of its future trajectory.
Expected Market Size and Growth Outlook for Rail Transit…
Analysis of Segments and Major Growth Areas in the Product Implementation Servic …
The product implementation services sector is on the verge of significant expansion, driven by evolving technology needs and increasing enterprise adoption of sophisticated systems. Understanding the current market size, key contributors, emerging trends, and segment breakdowns offers valuable insights into what lies ahead for this dynamic industry.
Market Size and Expected Growth Trajectory in the Product Implementation Services Market
The product implementation services market is projected to experience strong growth…
Key Strategic Developments and Emerging Changes Shaping the Polyvinylidene Fluor …
The polyvinylidene fluoride (PVDF) resin market is on track for significant expansion over the coming years. Driven by various technological advances and rising demands across multiple industries, this sector is expected to evolve rapidly. Let's explore the anticipated market growth, influential players, key trends, and detailed segmentation shaping the future of PVDF resin.
Projected Growth and Market Size of the Polyvinylidene Fluoride Resin Market
The PVDF resin market is forecasted…
Leading Companies Fueling Innovation and Growth in the Partyline Intercom System …
The partyline intercom systems market is gearing up for significant expansion as communication needs evolve across various industries. With increasing demand for more versatile and efficient communication tools, this sector is set to witness rapid advancements and growing adoption over the coming years. Let's explore the market size projections, key drivers, major players, emerging trends, and important segments shaping this dynamic industry.
Projected Market Size and Growth Trajectory of the Partyline…
More Releases for Freight
Less Than Truckload Market Size, Trends 2031 By Key Players- FedEx Freight, UPS …
Less Than Truckload Market Growth Factors
Market dynamics reflect shifting freight patterns and service expectations. E-commerce growth increases fragmented shipments, shorter delivery windows, and regional distribution needs. Manufacturing diversification drives frequent replenishment, smaller lots, and flexible routing strategies.Digital visibility adoption improves pricing accuracy, tracking, and network optimization decisions.
Current challenges include labor shortages, terminal congestion, and fuel cost volatility. Market scope for 2026 includes expanded regional hubs, automation across terminals, and…
Freight and logistics : Innovation In Freight and logistics
Frieght and Logistics Market is expected to register a CAGR of 5.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Freight and logistics involve transportation of goods and commodities by railroad cars, trucks, large ships and airplanes. Today, almost every region is involved in import and export of goods, and these trade activities are growing on a large…
Less than Truckload Market to Get an Explosive Growth | DHL Freight, Geodis, UPS …
The latest research document on "Global Less than Truckload Market Size, Share, Sales and Forecast 2024-2030" Published by HTF MI with 123+ pages. The Study is segmented by key a region that is accelerating the marketization. Less than Truckload study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
Major Key Players in This Report Include:
A. Duie Pyle (United States),…
Online Freight Platform Market Digital Platforms for Freight Booking and Managem …
Online Freight Platform Market 2023 Forecast: Unveiling Opportunities and Growth
Online Freight Platform Market research report helps to recognize the market challenges and opportunities. Global Online Freight Platform Market report contains the recent forecast research for the predicted period. The report extensively offers the latest information about the technological developments and market growth prospect on the basis of the regional landscape. This Report offers a complete evaluation of every area including…
Freight Transport Management Market Forecast to 2028 - COVID-19 Impact and Globa …
Freight transport management includes a logistics platform which utilizes technology to support businesses plans, execute the physical movement of goods and commodities, and ensure the compliance of the shipment with required documentation. This freight transport management system is able to manage transport via road, rail, air and water to various parts of the world. Considering rapid growth in various developing countries, the freight transport management market is predicted to rise…
Ocean freight and Air freight Market Report 2018: Segmentation by Type (Ocean fr …
Global Ocean freight and Air freight market research report provides company profile for Damco, KWE, Hitachi Transport, China Airlines Cargo, FedEx Express, UPS Airlines, Cathay Pacific Cargo, Korean Air Caro, Kuehne + Nagel, DHL Group, DB Schenker Logistics, GEODIS, Nippon Express and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in…
