The global market for Freight Trucking is estimated at US$2.3 Trillion in 2023 and is projected to reach US$3.4 Trillion by 2030, growing at a CAGR of 5.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the freight trucking market is driven by several factors, including technological advancements, the rise of e-commerce, and changing consumer expectations. The e-commerce boom has significantly increased the demand for efficient and reliable delivery services, necessitating a robust freight trucking network to handle the surge in shipments. Technological innovations, such as automated and connected vehicles, enhance operational efficiency and safety, attracting investments and driving market expansion. Demand for refrigerated trucks and trucking services is also benefiting from the rise in home delivery of frozen and chilled food and beverages. Increased online delivery of food services offered by restaurants and supermarkets is a key reason cited for the increase in home delivery of food and beverages. Consumer expectations for faster delivery times and greater transparency in the shipping process also push companies to adopt advanced logistics solutions. Additionally, regulatory changes aimed at reducing emissions and improving road safety influence the adoption of new technologies and practices within the industry. The growth of global trade and the need for seamless cross-border transportation further bolster the demand for freight trucking services, making it a pivotal segment of the global logistics market.
The growth in the freight trucking market is driven by several factors, including technological advancements, the rise of e-commerce, and changing consumer expectations. The e-commerce boom has significantly increased the demand for efficient and reliable delivery services, necessitating a robust freight trucking network to handle the surge in shipments. Technological innovations, such as automated and connected vehicles, enhance operational efficiency and safety, attracting investments and driving market expansion. Demand for refrigerated trucks and trucking services is also benefiting from the rise in home delivery of frozen and chilled food and beverages. Increased online delivery of food services offered by restaurants and supermarkets is a key reason cited for the increase in home delivery of food and beverages. Consumer expectations for faster delivery times and greater transparency in the shipping process also push companies to adopt advanced logistics solutions. Additionally, regulatory changes aimed at reducing emissions and improving road safety influence the adoption of new technologies and practices within the industry. The growth of global trade and the need for seamless cross-border transportation further bolster the demand for freight trucking services, making it a pivotal segment of the global logistics market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Heavy Trucks segment, which is expected to reach US$1.5 Trillion by 2030 with a CAGR of a 6.5%. The Medium Trucks segment is also set to grow at 5.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $555.3 Billion in 2023, and China, forecasted to grow at an impressive 7.2% CAGR to reach $770.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Freight Trucking Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Freight Trucking Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Freight Trucking Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as DHL International GmbH, Catom Trucking, Inc., A.P. Moller-Maersk A/S, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 244 Featured):
- DHL International GmbH
- Catom Trucking, Inc.
- A.P. Moller-Maersk A/S
- Americold
- Canadian National Railway Company
- CEVA Logistics
- CMA Cgm S.A
- Coyote Logistics LLC
- Expeditors International of Washington, Inc.
- Agro Merchants Group
- Burris Logistics
- Alliance Shippers Inc.
- Estes Express Lines
- Congebec
- Cargomatic, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- DHL International GmbH
- Catom Trucking, Inc.
- A.P. Moller-Maersk A/S
- Americold
- Canadian National Railway Company
- CEVA Logistics
- CMA Cgm S.A
- Coyote Logistics LLC
- Expeditors International of Washington, Inc.
- Agro Merchants Group
- Burris Logistics
- Alliance Shippers Inc.
- Estes Express Lines
- Congebec
- Cargomatic, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 752 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.3 Trillion |
| Forecasted Market Value ( USD | $ 3.4 Trillion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
