Press release
Increasing Urbanization Revolutionizing The General Freight Trucking Market: A Significant Driver Propelling The General Freight Trucking Market In 2025
General Freight Trucking
What Is the General Freight Trucking Market Size and Projected Growth Rate?
The overall size of the general freight trucking market has experienced robust growth in recent years. From 2024 to 2025, it anticipates an increase from $1074.69 billion to $1181.82 billion, boasting a compound annual growth rate (CAGR) of 10.0%. Factors contributing to this historic growth include a rise in oil and gas exports, escalated government backing, and increased development within the healthcare industry.
Anticipations are high for the general freight trucking market as robust growth is forecasted in the coming years. It's predicted to escalate to $1662.2 billion by 2029 with a compound annual growth rate (CAGR) of 8.9%. This surge over the forecast period is linked to burgeoning e-commerce sales, increased demand for food items and raw materials from manufacturing sectors, as well as escalating urbanization. The prediction period is also set to see significant trends such as truck platooning for optimized and cost-effective operations, the application of artificial intelligence (AI) in trucks, the utilization of IoT (internet of things) in trucks, implementation of fleet management software, and the formation of strategic alliances and collaborations.
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What Are the Major Segments in the General Freight Trucking Market?
The general freight trucking market covered in this report is segmented -
1) By Type: Local General Freight Trucking, Long-Distance General Freight Trucking
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 Local General Freight Trucking: Same-Day Delivery Services, Short-Haul Trucking, Last-Mile Delivery, Distribution Services
2) By Long-Distance General Freight Trucking: Full Truckload (FTL) Services, Less Than Truckload (LTL) Services, Intermodal Transportation, Dedicated Freight Services
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What Are The Driving General Freight Trucking Market Evolution?
The projected growth of the general freight trucking market is anticipated to be pushed forward by the ever-growing urbanization trend. This increase in urbanization is influenced by factors such as industrialization, superior educational and health opportunities, enhanced infrastructure, and attractive economic prospects in cities. Urbanization is characterised by a surge in population density in urban areas, leading to social, economic, and infrastructural transformations and expansion of cities and towns. As urbanization accelerates, so does the demand for general freight trucking services since more goods need efficient transportation around and within these burgeoning cities. For instance, data from the United States Department of Commerce, a US executive department, shows that the population of the US grew from 332,403,650 in 2022 to an additional 0.21% from 2021. Consequently, the escalating urbanization trend augments the growth and expansion of the general freight trucking market.
Which Firms Dominate The General Freight Trucking Market Segments?
Major companies operating in the general freight trucking market include United Parcel Service, Inc, Deutsche Post AG, FedEx Corporation, C.H. Robinson Worldwide, Inc, J.B. Hunt Transport Services, XPO Logistics, Inc., Ceva Logistics AG, Landstar System, Inc, A.P. Moller - Maersk, Standard Vulcanizers, Freight Mart Logistics, Prime Transport Corporation, OM Logsitcs Limited, Wellfield Services Limitada, Doyun Logistics Co., Ltd., GKR Transport, Australian Container Freight Services, Jiangsu Kunyue Logistics Co Ltd, Kunshan Yunda Express Co Ltd, Changsha Sitong Moving Transport Co Ltd, Ningbo Jinxing Logistics Co Ltd, Simco Trans GmbH, Shanghai Ruiqiang Logistics Co Ltd, Sichuan Wangcang County Transport Co Ltd, Beijing Keyun Logistics Co Ltd, TNT Expressare, InstaFreight GmbH, Haberling, Smart Move Facilities Services Inc, Kahmen TransCargo GmbH, House of Logistics and Mobility, AW Transport & Logistics GmbH, Livchem Logistics GmbH, DHL Express, Transportes Della Volpe Sa Comercio E Industria, Spice Logistics Private Limited, Pavages J.M. Beaulieu Inc, Les, Spares, 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., Harper Investments, Inc., Pemex Logística, E.P.S., Frialsa Frigoríficos, S.A. de C.V., Bravo Servicos Logisticos Ltda, Ic Transportes Ltda, Tri Star Transport, Transportes Transvidal Ltda, Liderbras Logistica E Transportes Ltda, Xiamen C&D, Oilmar Shipping and Chartering DMCC, UB Freight Australia Pty LTD, International Marine & Energy DMCC, Bin Jaraa General Transporting, Contracting & General Maintenance Company, Tianjin Jinshi Wukuang International Logistics Co Ltd, Reinhardt Transport (Pty) Ltd, The National Coal Supply Corporation LTD, Alpha Omega International Trading Cc, Autocarrier Transport, Fpt Group (Pty) Ltd, Super Group Freight, Atteridgeville Bus Service (Pty) Ltd
What Trends Are Expected to Dominate the General Freight Trucking Market in the Next 5 Years?
Key players in the general freight trucking market are entering into strategic partnerships with an aim to foster novel relationships where multiple organizations share the responsibility of overseeing general freight trucking services. A business partnership symbolizes a formal agreement among two or more entities to run a business collaboratively, sharing both profits and risks. For example, in March 2023, Uber Freight, an American enterprise recognized for enabling freight and delivery management, joined hands with WattEV. This partnership equips WattEV to extend its electric trucks to shippers on Uber Freight, thereby promoting greener and more efficient freight transportation. Furthermore, CHEP, a firm known for providing supply chain solutions, has also aligned itself in this initiative as a strategic partner. WattEV, based in the US, offers electric truck services. Additionally, in May 2022, Aurora Innovation Inc., an American firm developing autonomous vehicle technology, decided to expand its autonomous freight pilot program through a partnership with FedEx Corporation. This alliance enables Aurora Innovation Inc. to amplify its operational efficiency and cater to the ever-increasing need for effective freight transportation. This step is a part of a larger scheme to incorporate autonomous technology within the logistics sector, with the aim of amplifying safety, efficiency, accuracy in the trucking industry. FedEx Corporation, an American transportation company, provides freight shipping via trucks.
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Which Is The Largest Region In The General Freight Trucking Market?
Asia-Pacific was the largest region in the general freight trucking market in 2024. North America was the second largest region in the general freight trucking market. The regions covered in the general freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the General Freight Trucking Market?
2. What is the CAGR expected in the General Freight Trucking Market?
3. What Are the Key Innovations Transforming the General Freight Trucking Industry?
4. Which Region Is Leading the General Freight Trucking Market?
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