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Global Long-Distance General Freight Trucking Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
The Long-Distance General Freight Trucking Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Long-Distance General Freight Trucking Market Size and Projected Growth Rate?
The long-distance general freight trucking market has experienced rapid growth in recent years. It is projected to increase from $940.4 billion in 2024 to $1,045.43 billion in 2025, at a CAGR of 11.2%. This growth is attributed to the expansion of long-distance freight trucking, the rise of e-commerce, a shortage of qualified truck drivers, and strong economic growth in emerging markets.
The long-distance general freight trucking market is projected to see strong growth in the coming years. It will grow to $1,514.85 billion in 2029, at a compound annual growth rate (CAGR) of 9.7%. Growth drivers include the increasing demand for cost-effective transportation, sustainability, carbon emission reduction, urbanization, and raw material demand. Key trends involve tractor-trailer combinations, more local truck drivers, IoT in trucks, truck platooning, and AI applications.
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What Are the Major 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
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What Are The Driving Long-Distance General Freight Trucking Market Evolution?
Growth in manufacturing output across industries is supporting the long-distance general freight trucking market. As production increases, so does the need for transportation of goods. Tesla Inc. reported that in 2022, it produced over 439,000 vehicles and delivered more than 405,000, with year-on-year delivery growth of 40% and production growth of 47%. This expansion drives demand for long-distance trucking services.
Which Firms Dominate The Long-Distance General Freight Trucking Market Segments?
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 Trends Are Driving Growth in The Long-Distance General Freight Trucking Market?
The long-distance general freight trucking market is increasingly incorporating electric trucks to meet delivery demands. In September 2020, Amazon ordered 10 trucks from Lion Electric and placed a larger order of 100,000 electric delivery vans from Rivian, with deliveries scheduled through 2024.
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Which Is The Largest Region In 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Long-Distance General Freight Trucking Market?
2. What is the CAGR expected in the Long-Distance General Freight Trucking Market?
3. What Are the Key Innovations Transforming the Long-Distance General Freight Trucking Industry?
4. Which Region Is Leading the Long-Distance General Freight Trucking Market?
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