Rising Manufacturing Output Boosts Long-Distance General Freight Trucking Market Emerges as a Core Driver of the Long-Distance General Freight Trucking Market in 2025

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What Is the Expected CAGR for the Long-Distance General Freight Trucking Market Through 2025?_x000D_
The market size of long-distance general freight trucking has seen a swift surge in its recent growth trajectory. It is predicted to expand from $940.4 billion in 2024 to a staggering $1045.43 billion in 2025, marking a compound annual growth rate (CAGR) of 11.2%. This notable rise during the historical period is credited to factors like the broadening scope of long-distance general freight trucking, the booming e-commerce sector, a scarcity of proficient truck drivers, intense market competition, and robust economic development in emerging markets._x000D_
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What's the Projected Size of the Global Long-Distance General Freight Trucking Market by 2029?_x000D_
In the forthcoming years, the market size for long-distance general freight trucking is predicted to experience robust growth, escalating to $1514.85 billion in 2029 with a compound annual growth rate (CAGR) of 9.7%. The predicted growth within this period is linked to the escalating demand for effective and economically viable transport, increased attention towards sustainability and carbon emission reduction, urbanization acceleration, elevated demand for manufacturing industry raw materials, and an upswing in oil and gas exports. Trends to look out for in the forecast period include a rise in the use of tractor-trailer combinations, a steady move towards more localized truck drivers, the adoption of Internet of Things (IoT) in trucks, truck platooning for operational efficiency and economy, and the implementation of artificial intelligence (AI)._x000D_
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Top Growth Drivers in the Long-Distance General Freight Trucking Industry: What's Accelerating the Market? _x000D_
The long-distance general freight trucking market is anticipated to expand due to an expected rise in the production output of various industries. An increase in production necessitates more trucking services for the transfer of goods from one location to another. For instance, Tesla Inc., a US-based automotive and clean energy firm, reported in January 2023 that it produced over 439,000 vehicles in 2022 while managing to successfully deliver more than 405,000 of them. This accounted for a 40% year-to-year rise in vehicle deliveries, amounting to 1.31 million in total. Production underwent substantial growth as well, swelling by 47% compared to the previous year, resulting in 1.37 million vehicles. Consequently, the market boom in the long-distance general freight trucking sector is fueled by an upsurge in manufacturing output, leading to an increased requirement for trucking to transport the finished goods._x000D_
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What Trends Will Shape the Long-Distance General Freight Trucking Market Through 2029 and Beyond?_x000D_
The increasing utilization of electric trucks by the long-distance general freight trucking market for transportation is set to stimulate market expansion. Numerous transport companies and retailers are placing substantial orders for electric trucks to cater to beverage routes and final-mile deliveries. Notably, in September 2020, Lion Electric supplied 10 electric trucks to Amazon, who also lodged an order for 100,000 electric delivery vans from startup Rivian, to be delivered between 2021 and 2024._x000D_
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What Are the Main Segments in the Long-Distance General Freight Trucking Market?_x000D_
The long-distance general freight trucking market covered in this report is segmented - _x000D_
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1) By Services: Truckload Carriers, Less-than-truckload Carriers, Other Transportation Services_x000D_
2) By Size: Heavy Trucks, Medium Trucks, Light Trucks _x000D_
3) By Application: Oil And Gas, Industrial And Manufacturing, Energy And Mining, Food And Beverages, Pharmaceuticals And Healthcare, Other Applications_x000D_
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Sub-Segments:_x000D_
1) By Truckload Carriers: Full Truckload (FTL) Services, Dedicated Truckload Services _x000D_
2) By Less-than-truckload Carriers: Standard LTL Services, Expedited LTL Services, Temperature-sensitive LTL Services _x000D_
3) By Other Transportation Services: Intermodal Freight Transportation, Specialized Freight Transportation, Freight Brokerage Services_x000D_
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Which Top Companies are Driving Growth in the Long-Distance General Freight Trucking Market?_x000D_
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_x000D_
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Which Regions Will Dominate the Long-Distance General Freight Trucking Market Through 2029?_x000D_
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_x000D_
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