The global automobiles and heavy equipment trucking market is expected to grow from $275.24 billion in 2021 to $305.7 billion in 2022 at a compound annual growth rate (CAGR) of 11.1%. The market is expected to grow to $444.54 billion in 2026 at a compound annual growth rate (CAGR) of 9.8%. Major players in the automobiles and heavy equipment trucking market are American Rail Center Logistics, CEVA Logistics, DHL, FedEx Freight, United Parcel Service, Schneider National, C.H. Robinson, and J.B. Hunt Transport.Rising Demand for Autonomous Transportation Expected to Drive Growth
The countries covered in the automobiles and heavy equipment trucking market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. Asia Pacific was the largest region in the automobiles and heavy equipment trucking market in 2021. North America was the second largest region in the automobiles and heavy equipment trucking market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The growing demand for autonomous transportation is expected to drive the growth of the automobiles and heavy equipment trucking market going forward. To enable the automobile to react to external conditions that a human driver will handle, an autonomous vehicle utilizes a fully automated driving system. According to the Victoria Transport Policy Institute’s report on autonomous vehicle implementation predictions published in June 2020, autonomous vehicles will be reliable, affordable, and safe by 2025 and is predicted to be commercially available in many areas by 2030. In 2019, Amazon started using Embark's self-driving trucks to move freight faster. Moreover, in 2020, Mercedes-Benz will release its semi-autonomous truck prototype scheduled for 2025. Therefore, the growing demand for autonomous transportation drives the growth of the automobiles and heavy equipment trucking market.
Advancing technologies is a major trend gaining popularity in the automobiles and heavy equipment trucking market. Major companies operating in the automobiles and heavy equipment trucking market are focusing on developing innovative technological solutions. For instance, in 2020, companies such as ACL Airshop are using CoreInsight Node Technology to provide advanced unit load (ULD) tracking with a Bluetooth ULD Tracking system for freight control, carrier shipment marking, air cargo monitoring, asset tracking, and reporting solutions. CoreInsight Node Technology enables producers to monitor deliveries, manage business intelligence (BI) packages, and help in activities remotely by accurately monitoring cargo with the help of ULD devices.
The impact of COVID-19 is expected to limit the growth of the automobiles and heavy equipment trucking market in the coming years. The transportation industry faces severe challenges due to coronavirus, supply chain disturbances, and national emergency delivery needs forcing fleet managers, dispatchers, and drivers to work extra hours, while transportation in other sectors, such as restaurant supply and live event equipment, has halted. According to the Center for Disease Control and Prevention, the trucking industry lost more than 88,000 jobs in April 2020, a 5.8% decline from March, out of a total of 20.5 million job losses in the USA across various industries, placing the nation's total unemployment rate at 14.7%. Additionally, a recent survey found that nearly half (48%) of carriers registered significantly lowered freight rates across the USA. Therefore, the impact of COVICD 19 restraints the growth of the automobiles and heavy equipment trucking market.
In February 2019, CMA CGM S.A., a French container transportation and shipping company acquired CEVA Logistics for $1.65 billion. This deal with CEVA Logistics will allow CMA CGM S.A. to create economies of scale by combining the two businesses. The company plans to expand its footprint in the logistics sector. CEVA Logistics is a USA-based logistics and supply chain company engaged in providing end-to-end supply chain services and solutions.
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Table of Contents
1. Executive Summary2. Automobiles and Heavy Equipment Trucking Market Characteristics3. Automobiles and Heavy Equipment Trucking Market Trends and Strategies4. Impact of COVID-19 on Automobiles and Heavy Equipment Trucking29. Key Mergers and Acquisitions in the Automobiles and Heavy Equipment Trucking Market29. Automobiles and Heavy Equipment Trucking Market Future Outlook and Potential Analysis
5. Automobiles and Heavy Equipment Trucking Market Size and Growth
6. Automobiles and Heavy Equipment Trucking Market Segmentation
7. Automobiles and Heavy Equipment Trucking Market Regional and Country Analysis
8. Asia-Pacific Automobiles and Heavy Equipment Trucking Market
9. China Automobiles and Heavy Equipment Trucking Market
10. India Automobiles and Heavy Equipment Trucking Market
11. Japan Automobiles and Heavy Equipment Trucking Market
12. Australia Automobiles and Heavy Equipment Trucking Market
13. Indonesia Automobiles and Heavy Equipment Trucking Market
14. South Korea Automobiles and Heavy Equipment Trucking Market
15. Western Europe Automobiles and Heavy Equipment Trucking Market
16. UK Automobiles and Heavy Equipment Trucking Market
17. Germany Automobiles and Heavy Equipment Trucking Market
18. France Automobiles and Heavy Equipment Trucking Market
19. Eastern Europe Automobiles and Heavy Equipment Trucking Market
20. Russia Automobiles and Heavy Equipment Trucking Market
21. North America Automobiles and Heavy Equipment Trucking Market
22. USA Automobiles and Heavy Equipment Trucking Market
23. South America Automobiles and Heavy Equipment Trucking Market
24. Brazil Automobiles and Heavy Equipment Trucking Market
25. Middle East Automobiles and Heavy Equipment Trucking Market
26. Africa Automobiles and Heavy Equipment Trucking Market
27. Automobiles and Heavy Equipment Trucking Market Competitive Landscape and Company Profiles
30. Appendix
Executive Summary
The Automobiles and Heavy Equipment Trucking Global Market Report 2022 provides strategists, marketers, and senior management with the critical information they need to assess the global automobiles and heavy equipment trucking market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Where is the largest and fastest growing market for the automobiles and heavy equipment trucking? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Automobiles and Heavy Equipment market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider automobiles and heavy equipment trucking market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The automobiles and heavy equipment trucking market section of the report gives context. It compares the automobiles and heavy equipment trucking market with other segments of the automobiles and heavy equipment trucking market by size and growth, historic and forecast.
Scope
Markets Covered:
- By Type: Business Services; Managed Services; System Integrator; Other Types
- By Application: Cars And Light Trucks; Medium And Heavy Trucks; Farm And Construction Equipment; Other Applications
- By Size: Heavy Trucks; Medium Trucks; Light Trucks
Companies Mentioned: American Rail Center Logistics; CEVA Logistics; DHL; FedEx Freight; United Parcel Service
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- American Rail Center Logistics
- C.H. Robinson
- CEVA Logistics
- DHL
- FedEx Freight
- J.B. Hunt Transport
- Schneider National
- United Parcel Service
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | April 2022 |
| Forecast Period | 2022 - 2026 |
| Estimated Market Value ( USD | $ 305.7 Billion |
| Forecasted Market Value ( USD | $ 444.54 Billion |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
