Press release
Local General Freight Trucking Industry Set to Achieve $175.94 Billion Milestone by 2029 | Steady 5.3% CAGR
Local General Freight Trucking Market
What Is the Long-Term Growth Forecast for the Local General Freight Trucking Market Size 2025?
The general freight trucking sector in the local market has shown consistent growth in the past few years. It is expected to escalate from a value of $136.42 billion in 2024 to a higher valuation of $142.85 billion in 2025, growing at a compound annual growth rate (CAGR) of 4.7%. Factors such as economic development in burgeoning markets, expansion in the construction and building industry, along with an increase in disposable income have contributed to this growth during the historical period.
What CAGR is Forecasted for the Local General Freight Trucking Market Through 2029?
The size of the local general freight trucking market is predicted to experience robust expansion in the upcoming years. It is forecasted to expand to a market value of $175.94 billion by 2029, with a compound annual growth rate (CAGR) of 5.3%. The anticipated growth during this forecast period is largely due to the surge in e-commerce sales, escalating urbanization levels, and increased raw material demand from manufacturing sectors. Key trends foreshadowed for this period include the implementation of artificial intelligence (AI), a greater emphasis on the internet of things (IoT), as well as mergers and acquisitions, heightened investments, and partnerships and collaborations.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/local-general-freight-trucking-global-market-report
What Are the Critical Factors Driving Local General Freight Trucking Market Development?
The uptick in e-commerce transactions is anticipated to propel the expansion of the local freight trucking market during the forecast period. E-commerce involves the online buying and selling of goods and services. The e-commerce sector heavily relies on trucking services for the relocation of goods, affecting the trucking industry directly. For instance, according to the data furnished by the European Commission, a Belgium-based regulatory entity executing decisions and upholding the EU treaties, in April 2024, of the surveyed individuals aged from 16-74, 92% had used the internet during the previous year, with 70% making online purchases of goods or services. This shows an increase of 2% compared to 2022. Furthermore, 75% of the EU's internet users engaged in online shopping in 2023, emphasizing the sustained rise in e-commerce. The surge in e-commerce sales escalates the demand for transporting these goods, thus driving the expansion of the local freight trucking market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3662&type=smp
How Does the Local General Freight Trucking Market Break Down Across Major Segments?
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
What Are the Major Trends Transforming the Local General Freight Trucking Industry?
The growing influence of the Internet of Things (IoT) within the transportation sphere is a notable development making waves in the local general freight trucking market. The transportation sector's landscape is set to transform drastically with the IoT, which collects and interprets data from various market and technological advancements related to data analytics and mobility automation. The benefits span across fleet management and location tracking. Businesses globally are exploring innovative ways to leverage the benefits of the IoT to enhance productivity and efficiency. For example, Kuehne + Nagel, based in Switzerland and operating in the transport and logistics sector, employs IoT for monitoring freight - a strategy that alerts about shifts in temperature, humidity, pressure, shock, and tilt at the parcel level.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=3662&type=smp
Which Players Are Driving Innovation in the Local General Freight Trucking Market?
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
Which Regions Are Driving Global Local General Freight Trucking Market Expansion?
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
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
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Local General Freight Trucking Industry Set to Achieve $175.94 Billion Milestone by 2029 | Steady 5.3% CAGR here
News-ID: 4256111 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Transport
Route Runners Auto Transport: Making Open Car Transport Easy
When it comes to shipping a vehicle, choosing the right transport method is key. For many individuals and businesses, open car transport remains the most cost-effective and efficient option. At Route Runners Car Transport Company [http://routerunnersautotransport.com/], customers can count on professional and affordable open car shipping services, backed by years of experience and a strong reputation in the auto transport industry.
Route Runners Car Transport Company is a trusted name offering…
Industry Leader CRC Transport Expands Auto Transport Services Nationwide
CRC Transport strengthens its footprint with expanded vehicle shipping and fleet logistics services, ensuring reliable transport for businesses and individuals.
Image: https://www.globalnewslines.com/uploads/2025/03/66f8b949bd58a433ce3f4cd0883e60c1.jpg
CRC Transport LLC [https://crctransport.us/], a leading provider of auto transport services [https://web.facebook.com/crctransportllc?_rdc=1&_rdr], is expanding operations across the United States to meet growing demand. The company is increasing its capacity to ensure businesses and individuals can access reliable and efficient vehicle transportation solutions.
With over a decade of industry experience, CRC Transport…
Countrywide Auto Transport Houston Launches Innovative Vehicle Transport Service …
Countrywide Auto Transport Houston has launched an innovative vehicle transport service aimed at providing fast, safe, and reliable auto shipping solutions across the U.S. This new service features advanced real-time tracking, nationwide coverage, and full insurance protection for transported vehicles, making it easier for individuals, dealerships, and businesses to ship vehicles with peace of mind.
Houston, TX - September 23, 2024 - Countrywide Auto Transport Houston [https://maps.app.goo.gl/b5yufLqmkrWr4VDp9], a trailblazer in the…
Refrigerated Transport Market Forecast Report by Mode of Transportation (Refrige …
The Refrigerated Transport Market
The global refrigerated transport market is on a trajectory of significant growth, with projections indicating an increase from $17.77 billion in 2023 to $27.07 billion by 2032. This expansion represents a compound annual growth rate (CAGR) of 4.79% from 2024 to 2032. The market's growth is primarily driven by the increasing demand for temperature-controlled logistics in supply chains to maintain the efficacy and shelf life of sensitive…
Countrywide Auto Transport Houston Introduces Innovative Vehicle Transport Solut …
Image: https://www.getnews.info/uploads/be5093d1c5731a7172fd589950dccdc0.png
Houston, TX - July 23, 2024 - Countrywide Auto Transport Houston, a leading player in the auto transport industry, is thrilled to announce the launch of its revolutionary vehicle transport services. This groundbreaking development is set to transform the way vehicles are transported across the nation, reaffirming Countrywide Auto Transport Houston's dedication to innovation and excellence in the auto transport sector.
Revving up the excitement, Countrywide Auto Transport Houston [https://maps.app.goo.gl/GYzGNcorAN4yzpeM6]…
Road Haulage Market SWOT Analysis by Key Players: Kindersly Transport, AM Cargo …
The business of transporting goods and service via roads is called road haulage. Haulage is the process of shifting goods from one place other either vertically or horizontally.
The road haulage market is expected to expand at a notable growth rate during the forecast period owing to the increase in demand for rapid, safe, and efficient ground transportation. Expansion of transportation and automotive industries has propelled the road haulage market. Increase…
