Comprehensive Long-Distance General Freight Trucking Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034

What Is the Future Outlook for the Long-Distance General Freight Trucking Market's Size and Growth Rate?
The market size of long-distance general freight trucking has experienced rapid growth in the past few years. The market projections indicate an increase from $940.4 billion in 2024 to $1045.43 billion in 2025, with a compound annual growth rate (CAGR) of 11.2%. The historic period's growth is mainly due to the expansion of the long-distance general freight trucking sector, increased e-commerce activity, a scarcity of trained truck drivers, intense competition, and robust economic growth in emerging markets.

In the coming years, the long-distance general freight trucking market is projected to experience considerable growth, reaching $1514.85 billion by 2029 with a compound annual growth rate (CAGR) of 9.7%. The anticipated expansion during this forecasting period is a result of an escalating need for efficient and cost-effective transportation, a growing interest in promoting sustainability and decreasing carbon emissions, increasing urbanization, a surge in requirement for raw materials from various manufacturing sectors, and a boost in oil and gas exports. Notable trends expected during this forecast period comprise of an enhanced use of tractor-trailer combinations, a slow transition towards employing more local truck drivers, the incorporation of the Internet of Things (IoT) in trucks, the utilization of truck platooning for efficient and cost-effective operations, and the application of Artificial Intelligence (AI).

What Is Stimulating Growth in the Long-Distance General Freight Trucking Market?
The anticipated surge in the production output from various sectors is likely to fuel the expansion of the long-distance general freight trucking market. With greater manufacturing production comes increased need for trucking to transport the goods from one location to another. To exemplify, Tesla Inc., an American automotive and clean energy company, stated in January 2023 that it had manufactured over 439,000 vehicles in 2022, successfully delivering over 405,000 of these, indicating a 40% annual growth in vehicle deliveries, bringing the total to 1.31 million. There was also significant growth in production, with a 47% annual increase, amounting to 1.37 million vehicles. Consequently, the rise in manufacturing output, leading to more demand for trucking to transport finished products, is boosting the growth of the long-distance general freight trucking market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3657&type=smp

Which Key Market Leaders Are Driving Long-Distance General Freight Trucking Industry Growth?
Major companies operating in the long-distance general freight trucking market include XPO Inc., YRC Worldwide Inc., FedEx Corporation, JB Hunt Transport Services Inc., Knight-Swift Transportation Holdings Inc., Old Dominion Freight Line Inc., Joe's Logistics Inc., Universal Truckload Holdings Inc., Reynolds Logistics Inc., Carolina Cargo Freight Expediters LLC, Spirit Truck Lines Inc., Kivi Bros Trucking Inc., Mangino Holding Corporation, Duncan and Son Lines Inc., GFA Alabama Inc., C&S Wholesale Grocers, Kenan Advantage Group Inc., Universal Logistics Holdings Inc., Ceva Logistics Us Holdings Inc., Lynden Air Cargo, Hub Group Inc., Aaa Cooper Transportation, Charlotte Truck Center Inc., Estes Express Lines, TForce Freight, ABF Freight System Inc., R+L Carriers Inc., Saia Motor Freight Line LLC, Central Transport International Inc., Oak Harbor Freight Lines Inc., Daylight Transport, New Penn Motor Express LLC, New England Motor Freight Inc., A. Duie Pyle Inc., USF Reddaway Inc., Roadrunner Transportation, Pitt Ohio Transportation Group, Dayton Freight Lines Inc., Forward Air Corporation, Averitt Express, Southeastern Freight Lines

What Are the Emerging Trends in the Long-Distance General Freight Trucking Industry?
The use of electric trucks is on the rise in the long-distance general freight trucking market, a trend anticipated to drive market growth. A significant number of retailers and transporters are making large-scale purchases of electric trucks, particularly for beverage routes and final-mile delivery. An illustration of this occurred in September 2020 when Amazon purchased 10 electric trucks from Lion Electric and placed an order for 100,000 electric delivery vans from Rivian, a startup company. The delivery of these vans is scheduled to take place from 2021 to 2024.

What Are the Main Segments in the Long-Distance General Freight Trucking Market?
The long-distance general freight trucking market covered in this report is segmented -

1) By Services: Truckload Carriers, Less-than-truckload Carriers, Other Transportation Services
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

Sub-Segments:
1) By Truckload Carriers: Full Truckload (FTL) Services, Dedicated Truckload Services
2) By Less-than-truckload Carriers: Standard LTL Services, Expedited LTL Services, Temperature-sensitive LTL Services
3) By Other Transportation Services: Intermodal Freight Transportation, Specialized Freight Transportation, Freight Brokerage Services

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/longdistance-general-freight-trucking-global-market-report

Which Geographic Area Leads the Long-Distance General Freight Trucking Market?
Asia-Pacific was the largest region in the long-distance general freight trucking market in 2023. North America was the second largest region in the long-distance general freight trucking market. The regions covered in the long-distance general freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Is Covered In The Long-Distance General Freight Trucking Global Market Report?

- Market Size Analysis: Analyze the Long-Distance General Freight Trucking Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Long-Distance 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 Long-Distance 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 Long-Distance General Freight Trucking Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3657

Connect with 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.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.