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Prominent Local General Freight Trucking Market Trend for 2025: Adoption Of IOT Revolutionizes The Local General Freight Trucking Market
Local General Freight Trucking
The burgeoning e-commerce sales are anticipated to spur the expansion of the local freight trucking market during the projected period. E-Commerce centers around the online trading of items and services. The need for the e-commerce sector to transport its goods from point A to point B directly causes a significant effect on the trucking industry. For instance, a survey conducted in April 2024 by the European Commission, a Belgium-based authority executing decisions and maintaining EU treaties, revealed that out of the respondents aged 16-74 years, 92% utilised the internet in the preceding year, with 70% buying goods or services, noting a barely noticeable rise by 2% from 2022. Also, 75% of EU web users made online purchases in 2023, underlining the persistent escalation of e-commerce. This surge in e-commerce sales amplifies the need for goods transportation, subsequently propelling the advancement of the local freight trucking market.
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What Is the projected market size and growth rate for the local general freight trucking market?
In recent times, the market size of local general freight trucking has seen a slight increase. The market is projected to expand from its estimated figure of $134.29 billion in 2024 to around $136.39 billion in 2025, with a Compound Annual Growth Rate (CAGR) standing at 1.6%. The surge during the historical span can be credited to the economic upswing in burgeoning markets, expansion in the building and construction industry, and an upturn in disposable income.
In the upcoming years, the local general freight trucking market is set to experience a slight expansion, reaching $147.35 billion in 2029 with a compound annual growth rate (CAGR) of 2.0%. This projected growth can be credited to several factors including increased e-commerce sales, escalating levels of urbanization and a heightened demand for raw materials within the manufacturing sectors. Key trends to look out for during the forecast period are use of artificial intelligence (AI), a shift towards the internet of things (IoT), corporate mergers and acquisitions, along with a surge in investments, partnerships, and collaborations.
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What are the most significant trends transforming the local general freight trucking market today?
The rise of the Internet of Things (IoT) incorporation into the transportation industry is becoming a significant trend in the local general freight trucking market. The transport industry is anticipated to be transformed by the IoT through the accumulation of crucial data and insights on market and technological advancements pertaining to data analytics and mobility automation. This will yield advantages in managing fleets and tracking locations. Globally, companies are discovering increasingly innovative methods to harness the power of the IoT for enhanced productivity and efficiency. For instance, Swiss-based transport and logistics firm, Kuehne + Nagel, employs IoT in freight monitoring, providing alerts about temperature, humidity, pressure, shock, and tilt on a per-parcel basis.
What major market segments define the scope and growth of the local general freight trucking market?
The local general freight trucking market covered in this report is segmented -
1) By Type: Truckload Transportation, Less-Than-Truckload Transportation, Intermodal Transportation, Dry-Bulk Transportation, Other Types
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
Subsegments:
1) By Truckload Transportation (TL): Full Truckload Services, Dedicated Freight Services, Regional Truckload Services
2) By Less-Than-Truckload Transportation (LTL): Consolidated Freight Services, Multi-Stop Deliveries, Time-Sensitive LTL Services
3) By Intermodal Transportation: Truck-Rail Intermodal Services, Truck-Water Intermodal Services, Integrated Intermodal Solutions
4) By Dry-Bulk Transportation: Transportation Of Dry Bulk Commodities, Specialized Bulk Tankers, Bulk Material Handling Services
5) By Other Types: Specialized Freight Transportation, Temperature-Controlled Trucking Services, Expedited Freight Services
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Which region dominates the local general freight trucking market?
Asia-Pacific was the largest region in the local general freight trucking market in 2024. North America was the second largest region in the local general freight trucking market share. The regions covered in the local general freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the local general freight trucking industry 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, Yibin Dahuang Logistics Co., Ltd, Infinity Cargo Logistics (China) Limited, YAMATO TRANSPORT CO., LTD, Nippon Express Company, Ltd, Yamato Transport, Coupang Fulfillment Services Ltd, DONGWON LOEX Co., Ltd, Federal Express Corporation, Oocl Uk Branch, Royal Mail Group Limited, Gxo Logistics Uk Limited, Dhl Freight Gmbh, DHL Express, TNT Expressare and Spares, Van der Vlist Russia, Logistics Ekol Romania, Frigoexpres, S.C. PHARAON SPEED EXPRESS SRL, 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, Nippon Express, Rodovitor Transport and Vehicle Rental, Yusen Logistics, Fox Brasil, Panalpina, Maxitrans, Forward Movers, Creek General Transport, Prime Transport LLC, Haulier refrigerated & Chiller Van Transport Dubai, Ardh Al Madina Group, Alpha Omega International Trading Cc, Autocarrier Transport, Fpt Group (Pty) Ltd, Standard Vulcanizers, Atteridgeville Bus Service (Pty) Ltd
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What Is Covered In The Local General Freight Trucking Global Market Report?
• Market Size Forecast: Examine the local general freight trucking market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the local general freight trucking market for a structured understanding.
• Key Players Overview: Analyze major players in the local general freight trucking market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the local general freight trucking market.
• Segment Contributions: Evaluate how different segments drive overall growth in the local general freight trucking market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the local general freight trucking market.
• Industry Challenges: Identify potential risks and obstacles affecting the local general freight trucking market.
• Competitive Landscape: Review strategic developments in the local general freight trucking market, including expansions, agreements, and new product launches.
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