Freight trucking comprises heavy-duty trucks which are utilized for the transportation of commodities, goods and cargo from one place to another. These heavy-duty trucks comprise a strong chassis and a powerful engine to easily carry heavier loads. Usually, these trucks transport cargo between warehouses, factories, wholesalers, and retailers. In addition, these trucks are available in different variants ranging from small pickups and semi-trailers trucks to large goods to heavy haulers that can handle oversized cargo.
Increase in transportation of heavy equipment and machinery across the globe owing to increase in road freight capacity for loading larger units in trailers primarily drives the demand for flatbed trucks. Flatbed truck have the ability to haul up to 48,000 pounds. Flatbed truck are ideal for construction materials, machinery, cars, and other oversized cargo. In addition, loading and unloading flatbed freight, whether by hand or with a crane, can easily be done in any direction. Moreover, the increased storage space of a flatbed truck enables the person to fit as much cargo as possible, which in turn results in reduced driving time and reduced number of trips.
The growth of the global freight trucking market is propelling, due to increase in use of telematics in automotive sector, expansion of e-commerce industry globally, and rise in urbanization. However, poor infrastructure and higher logistics costs are hampering the growth of the market. Furthermore, development of self-driving trucks is the factor expected to offer growth opportunities during the forecast period.
The freight trucking market is segmented on the basis of truck type, cargo type, end-user, and region. By truck type, it is segmented into dry van & box, refrigerated truck, tanker truck, flatbed truck, and others. By cargo type, it is classified into dry bulk goods, liquids, temperature controlled goods, and others. By end-user, it is categorized into retail & e-commerce, manufacturing & industrial, healthcare, automotive, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Increase in transportation of heavy equipment and machinery across the globe owing to increase in road freight capacity for loading larger units in trailers primarily drives the demand for flatbed trucks. Flatbed truck have the ability to haul up to 48,000 pounds. Flatbed truck are ideal for construction materials, machinery, cars, and other oversized cargo. In addition, loading and unloading flatbed freight, whether by hand or with a crane, can easily be done in any direction. Moreover, the increased storage space of a flatbed truck enables the person to fit as much cargo as possible, which in turn results in reduced driving time and reduced number of trips.
The growth of the global freight trucking market is propelling, due to increase in use of telematics in automotive sector, expansion of e-commerce industry globally, and rise in urbanization. However, poor infrastructure and higher logistics costs are hampering the growth of the market. Furthermore, development of self-driving trucks is the factor expected to offer growth opportunities during the forecast period.
The freight trucking market is segmented on the basis of truck type, cargo type, end-user, and region. By truck type, it is segmented into dry van & box, refrigerated truck, tanker truck, flatbed truck, and others. By cargo type, it is classified into dry bulk goods, liquids, temperature controlled goods, and others. By end-user, it is categorized into retail & e-commerce, manufacturing & industrial, healthcare, automotive, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the freight trucking market analysis from 2021 to 2031 to identify the prevailing freight trucking market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the freight trucking market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global freight trucking market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Truck Type
- Dry van box truck
- Refrigerated truck
- Tanker truck
- Flatbed truck
- Others
By Cargo Type
- Dry bulk goods
- Liquids
- Temperature controlled goods
- Others
By End-User
- Retail and E-Commerce
- Industrial and Manufacturing
- Healthcare
- Automotive
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- A.P. Moller - Maersk
- Deutsche Post AG
- Nippon Express Co., Ltd.
- Estes Express Lines
- Saia, Inc.
- FedEx Corporation
- J.B. Hunt Transport Services, Inc.
- Landstar System, Inc.
- Schneider National, Inc.
- United Parcel Service of America, Inc.
- XPO Logistics, Inc.
- CEVA Logistics AG
- Knight-Swift Transportation Holdings Inc.
- Yellow Roadway Corporation
- Old Dominion Freight Line, Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: FREIGHT TRUCKING MARKET, BY TRUCK TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Dry van & box truck
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Refrigerated truck
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Tanker truck
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Flatbed truck
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: FREIGHT TRUCKING MARKET, BY CARGO TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Dry bulk goods
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Liquids
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Temperature controlled goods
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: FREIGHT TRUCKING MARKET, BY END-USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Retail and E-Commerce
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Industrial and Manufacturing
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Healthcare
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Automotive
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: FREIGHT TRUCKING MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Truck Type
7.2.3 North America Market size and forecast, by Cargo Type
7.2.4 North America Market size and forecast, by End-User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Truck Type
7.2.5.1.2 Market size and forecast, by Cargo Type
7.2.5.1.3 Market size and forecast, by End-User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Truck Type
7.2.5.2.2 Market size and forecast, by Cargo Type
7.2.5.2.3 Market size and forecast, by End-User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Truck Type
7.2.5.3.2 Market size and forecast, by Cargo Type
7.2.5.3.3 Market size and forecast, by End-User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Truck Type
7.3.3 Europe Market size and forecast, by Cargo Type
7.3.4 Europe Market size and forecast, by End-User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Truck Type
7.3.5.1.2 Market size and forecast, by Cargo Type
7.3.5.1.3 Market size and forecast, by End-User
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Truck Type
7.3.5.2.2 Market size and forecast, by Cargo Type
7.3.5.2.3 Market size and forecast, by End-User
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Truck Type
7.3.5.3.2 Market size and forecast, by Cargo Type
7.3.5.3.3 Market size and forecast, by End-User
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Truck Type
7.3.5.4.2 Market size and forecast, by Cargo Type
7.3.5.4.3 Market size and forecast, by End-User
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Truck Type
7.3.5.5.2 Market size and forecast, by Cargo Type
7.3.5.5.3 Market size and forecast, by End-User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Truck Type
7.4.3 Asia-Pacific Market size and forecast, by Cargo Type
7.4.4 Asia-Pacific Market size and forecast, by End-User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Truck Type
7.4.5.1.2 Market size and forecast, by Cargo Type
7.4.5.1.3 Market size and forecast, by End-User
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Truck Type
7.4.5.2.2 Market size and forecast, by Cargo Type
7.4.5.2.3 Market size and forecast, by End-User
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Truck Type
7.4.5.3.2 Market size and forecast, by Cargo Type
7.4.5.3.3 Market size and forecast, by End-User
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Truck Type
7.4.5.4.2 Market size and forecast, by Cargo Type
7.4.5.4.3 Market size and forecast, by End-User
7.4.5.5 Rest Of Asia Pacific
7.4.5.5.1 Market size and forecast, by Truck Type
7.4.5.5.2 Market size and forecast, by Cargo Type
7.4.5.5.3 Market size and forecast, by End-User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Truck Type
7.5.3 LAMEA Market size and forecast, by Cargo Type
7.5.4 LAMEA Market size and forecast, by End-User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Truck Type
7.5.5.1.2 Market size and forecast, by Cargo Type
7.5.5.1.3 Market size and forecast, by End-User
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Truck Type
7.5.5.2.2 Market size and forecast, by Cargo Type
7.5.5.2.3 Market size and forecast, by End-User
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Truck Type
7.5.5.3.2 Market size and forecast, by Cargo Type
7.5.5.3.3 Market size and forecast, by End-User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 A. P. Moller - Maersk
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Deutsche Post AG
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Nippon Express Co., Ltd.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Estes Express Lines
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Saia, Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 FedEx Corporation
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 J. B. Hunt Transport Services, Inc.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Landstar System, Inc.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Schneider National, Inc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 United Parcel Service of America, Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 XPO Logistics, Inc.
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 CEVA Logistics AG
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Knight-Swift Transportation Holdings Inc.
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Yellow Roadway Corporation
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Old Dominion Freight Line, Inc.
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
List of Tables
Table 1. Global Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 2. Freight Trucking Market Size, for Dry Van & Box Truck, by Region, 2021-2031 ($Billion)
Table 3. Freight Trucking Market for Dry Van & Box Truck, by Country, 2021-2031 ($Billion)
Table 4. Freight Trucking Market Size, for Refrigerated Truck, by Region, 2021-2031 ($Billion)
Table 5. Freight Trucking Market for Refrigerated Truck, by Country, 2021-2031 ($Billion)
Table 6. Freight Trucking Market Size, for Tanker Truck, by Region, 2021-2031 ($Billion)
Table 7. Freight Trucking Market for Tanker Truck, by Country, 2021-2031 ($Billion)
Table 8. Freight Trucking Market Size, for Flatbed Truck, by Region, 2021-2031 ($Billion)
Table 9. Freight Trucking Market for Flatbed Truck, by Country, 2021-2031 ($Billion)
Table 10. Freight Trucking Market Size, for Others, by Region, 2021-2031 ($Billion)
Table 11. Freight Trucking Market for Others, by Country, 2021-2031 ($Billion)
Table 12. Global Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 13. Freight Trucking Market Size, for Dry Bulk Goods, by Region, 2021-2031 ($Billion)
Table 14. Freight Trucking Market for Dry Bulk Goods, by Country, 2021-2031 ($Billion)
Table 15. Freight Trucking Market Size, for Liquids, by Region, 2021-2031 ($Billion)
Table 16. Freight Trucking Market for Liquids, by Country, 2021-2031 ($Billion)
Table 17. Freight Trucking Market Size, for Temperature Controlled Goods, by Region, 2021-2031 ($Billion)
Table 18. Freight Trucking Market for Temperature Controlled Goods, by Country, 2021-2031 ($Billion)
Table 19. Freight Trucking Market Size, for Others, by Region, 2021-2031 ($Billion)
Table 20. Freight Trucking Market for Others, by Country, 2021-2031 ($Billion)
Table 21. Global Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 22. Freight Trucking Market Size, for Retail and E-Commerce, by Region, 2021-2031 ($Billion)
Table 23. Freight Trucking Market for Retail and E-Commerce, by Country, 2021-2031 ($Billion)
Table 24. Freight Trucking Market Size, for Industrial and Manufacturing, by Region, 2021-2031 ($Billion)
Table 25. Freight Trucking Market for Industrial and Manufacturing, by Country, 2021-2031 ($Billion)
Table 26. Freight Trucking Market Size, for Healthcare, by Region, 2021-2031 ($Billion)
Table 27. Freight Trucking Market for Healthcare, by Country, 2021-2031 ($Billion)
Table 28. Freight Trucking Market Size, for Automotive, by Region, 2021-2031 ($Billion)
Table 29. Freight Trucking Market for Automotive, by Country, 2021-2031 ($Billion)
Table 30. Freight Trucking Market Size, for Others, by Region, 2021-2031 ($Billion)
Table 31. Freight Trucking Market for Others, by Country, 2021-2031 ($Billion)
Table 32. Freight Trucking Market, by Region, 2021-2031 ($Billion)
Table 33. North America Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 34. North America Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 35. North America Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 36. North America Freight Trucking Market, by Country, 2021-2031 ($Billion)
Table 37. U.S. Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 38. U.S. Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 39. U.S. Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 40. Canada Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 41. Canada Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 42. Canada Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 43. Mexico Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 44. Mexico Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 45. Mexico Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 46. Europe Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 47. Europe Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 48. Europe Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 49. Europe Freight Trucking Market, by Country, 2021-2031 ($Billion)
Table 50. Germany Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 51. Germany Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 52. Germany Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 53. UK Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 54. UK Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 55. UK Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 56. France Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 57. France Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 58. France Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 59. Italy Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 60. Italy Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 61. Italy Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 62. Rest of Europe Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 63. Rest of Europe Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 64. Rest of Europe Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 65. Asia-Pacific Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 66. Asia-Pacific Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 67. Asia-Pacific Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 68. Asia-Pacific Freight Trucking Market, by Country, 2021-2031 ($Billion)
Table 69. China Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 70. China Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 71. China Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 72. Japan Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 73. Japan Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 74. Japan Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 75. India Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 76. India Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 77. India Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 78. South Korea Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 79. South Korea Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 80. South Korea Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 81. Rest of Asia-Pacific Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 82. Rest of Asia-Pacific Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 83. Rest of Asia-Pacific Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 84. LAMEA Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 85. LAMEA Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 86. LAMEA Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 87. LAMEA Freight Trucking Market, by Country, 2021-2031 ($Billion)
Table 88. Latin America Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 89. Latin America Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 90. Latin America Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 91. Middle East Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 92. Middle East Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 93. Middle East Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 94. Africa Freight Trucking Market, by Truck Type, 2021-2031 ($Billion)
Table 95. Africa Freight Trucking Market, by Cargo Type, 2021-2031 ($Billion)
Table 96. Africa Freight Trucking Market, by End-user, 2021-2031 ($Billion)
Table 97. A. P. Moller - Maersk: Company Snapshot
Table 98. A. P. Moller - Maersk: Operating Segments
Table 99. A. P. Moller - Maersk: Product Portfolio
Table 100. A. P. Moller - Maersk: Net Sales
Table 101. A. P. Moller - Maersk: Key Strategies
Table 102. Deutsche Post AG: Company Snapshot
Table 103. Deutsche Post AG: Operating Segments
Table 104. Deutsche Post AG: Product Portfolio
Table 105. Deutsche Post AG: Net Sales
Table 106. Deutsche Post AG: Key Strategies
Table 107. Nippon Express Co. Ltd.: Company Snapshot
Table 108. Nippon Express Co. Ltd.: Operating Segments
Table 109. Nippon Express Co. Ltd.: Product Portfolio
Table 110. Nippon Express Co. Ltd.: Net Sales
Table 111. Nippon Express Co. Ltd.: Key Strategies
Table 112. Estes Express Lines: Company Snapshot
Table 113. Estes Express Lines: Operating Segments
Table 114. Estes Express Lines: Product Portfolio
Table 115. Estes Express Lines: Net Sales
Table 116. Estes Express Lines: Key Strategies
Table 117. Saia, Inc.: Company Snapshot
Table 118. Saia, Inc.: Operating Segments
Table 119. Saia, Inc.: Product Portfolio
Table 120. Saia, Inc.: Net Sales
Table 121. Saia, Inc.: Key Strategies
Table 122. Fedex Corporation: Company Snapshot
Table 123. Fedex Corporation: Operating Segments
Table 124. Fedex Corporation: Product Portfolio
Table 125. Fedex Corporation: Net Sales
Table 126. Fedex Corporation: Key Strategies
Table 127. J. B. Hunt Transport Services, Inc.: Company Snapshot
Table 128. J. B. Hunt Transport Services, Inc.: Operating Segments
Table 129. J. B. Hunt Transport Services, Inc.: Product Portfolio
Table 130. J. B. Hunt Transport Services, Inc.: Net Sales
Table 131. J. B. Hunt Transport Services, Inc.: Key Strategies
Table 132. Landstar System, Inc.: Company Snapshot
Table 133. Landstar System, Inc.: Operating Segments
Table 134. Landstar System, Inc.: Product Portfolio
Table 135. Landstar System, Inc.: Net Sales
Table 136. Landstar System, Inc.: Key Strategies
Table 137. Schneider National, Inc.: Company Snapshot
Table 138. Schneider National, Inc.: Operating Segments
Table 139. Schneider National, Inc.: Product Portfolio
Table 140. Schneider National, Inc.: Net Sales
Table 141. Schneider National, Inc.: Key Strategies
Table 142. United Parcel Service of America, Inc.: Company Snapshot
Table 143. United Parcel Service of America, Inc.: Operating Segments
Table 144. United Parcel Service of America, Inc.: Product Portfolio
Table 145. United Parcel Service of America, Inc.: Net Sales
Table 146. United Parcel Service of America, Inc.: Key Strategies
Table 147. Xpo Logistics, Inc.: Company Snapshot
Table 148. Xpo Logistics, Inc.: Operating Segments
Table 149. Xpo Logistics, Inc.: Product Portfolio
Table 150. Xpo Logistics, Inc.: Net Sales
Table 151. Xpo Logistics, Inc.: Key Strategies
Table 152. Ceva Logistics AG: Company Snapshot
Table 153. Ceva Logistics AG: Operating Segments
Table 154. Ceva Logistics AG: Product Portfolio
Table 155. Ceva Logistics AG: Net Sales
Table 156. Ceva Logistics AG: Key Strategies
Table 157. Knight-Swift Transportation Holdings Inc.: Company Snapshot
Table 158. Knight-Swift Transportation Holdings Inc.: Operating Segments
Table 159. Knight-Swift Transportation Holdings Inc.: Product Portfolio
Table 160. Knight-Swift Transportation Holdings Inc.: Net Sales
Table 161. Knight-Swift Transportation Holdings Inc.: Key Strategies
Table 162. Yellow Roadway Corporation: Company Snapshot
Table 163. Yellow Roadway Corporation: Operating Segments
Table 164. Yellow Roadway Corporation: Product Portfolio
Table 165. Yellow Roadway Corporation: Net Sales
Table 166. Yellow Roadway Corporation: Key Strategies
Table 167. Old Dominion Freight Line, Inc.: Company Snapshot
Table 168. Old Dominion Freight Line, Inc.: Operating Segments
Table 169. Old Dominion Freight Line, Inc.: Product Portfolio
Table 170. Old Dominion Freight Line, Inc.: Net Sales
Table 171. Old Dominion Freight Line, Inc.: Key Strategies
List of Figures
Figure 1. Freight Trucking Market Segmentation
Figure 2. Freight Trucking Market, 2021-2031
Figure 3. Freight Trucking Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Freight Trucking Mark.:Drivers, Restraints and Opportunities
Figure 12. Freight Trucking Market, By Truck Type, 2021(%)
Figure 13. Comparative Share Analysis of Dry Van & Box Truck Freight Trucking Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Refrigerated Truck Freight Trucking Market, 2021-2031(%)
Figure 15. Comparative Share Analysis of Tanker Truck Freight Trucking Market, 2021-2031(%)
Figure 16. Comparative Share Analysis of Flatbed Truck Freight Trucking Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Others Freight Trucking Market, 2021-2031(%)
Figure 18. Freight Trucking Market, By Cargo Type, 2021(%)
Figure 19. Comparative Share Analysis of Dry Bulk Goods Freight Trucking Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Liquids Freight Trucking Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Temperature Controlled Goods Freight Trucking Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Others Freight Trucking Market, 2021-2031(%)
Figure 23. Freight Trucking Market, By End-User, 2021(%)
Figure 24. Comparative Share Analysis of Retail and E-Commerce Freight Trucking Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Industrial and Manufacturing Freight Trucking Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Healthcare Freight Trucking Market, 2021-2031(%)
Figure 27. Comparative Share Analysis of Automotive Freight Trucking Market, 2021-2031(%)
Figure 28. Comparative Share Analysis of Others Freight Trucking Market, 2021-2031(%)
Figure 29. Freight Trucking Market by Region, 2021
Figure 30. U.S. Freight Trucking Market, 2021-2031($Billion)
Figure 31. Canada Freight Trucking Market, 2021-2031($Billion)
Figure 32. Mexico Freight Trucking Market, 2021-2031($Billion)
Figure 33. Germany Freight Trucking Market, 2021-2031($Billion)
Figure 34. Uk Freight Trucking Market, 2021-2031($Billion)
Figure 35. France Freight Trucking Market, 2021-2031($Billion)
Figure 36. Italy Freight Trucking Market, 2021-2031($Billion)
Figure 37. Rest of Europe Freight Trucking Market, 2021-2031($Billion)
Figure 38. China Freight Trucking Market, 2021-2031($Billion)
Figure 39. Japan Freight Trucking Market, 2021-2031($Billion)
Figure 40. India Freight Trucking Market, 2021-2031($Billion)
Figure 41. South Korea Freight Trucking Market, 2021-2031($Billion)
Figure 42. Rest of Asia-Pacific Freight Trucking Market, 2021-2031($Billion)
Figure 43. Latin America Freight Trucking Market, 2021-2031($Billion)
Figure 44. Middle East Freight Trucking Market, 2021-2031($Billion)
Figure 45. Africa Freight Trucking Market, 2021-2031($Billion)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap of Top 10 Key Players
Figure 52. A.P. Moller - Maers.: Net Sales, ($Billion)
Figure 53. Deutsche Post A.: Net Sales, ($Billion)
Figure 54. Nippon Express Co. Ltd.: Net Sales, ($Billion)
Figure 55. Estes Express Line.: Net Sales, ($Billion)
Figure 56. Saia, Inc.: Net Sales, ($Billion)
Figure 57. Fedex Corporatio.: Net Sales, ($Billion)
Figure 58. J.B. Hunt Transport Services, Inc.: Net Sales, ($Billion)
Figure 59. Landstar System, Inc.: Net Sales, ($Billion)
Figure 60. Schneider National, Inc.: Net Sales, ($Billion)
Figure 61. United Parcel Service of America, Inc.: Net Sales, ($Billion)
Figure 62. Xpo Logistics, Inc.: Net Sales, ($Billion)
Figure 63. Ceva Logistics A.: Net Sales, ($Billion)
Figure 64. Knight-Swift Transportation Holdings Inc.: Net Sales, ($Billion)
Figure 65. Yellow Roadway Corporatio.: Net Sales, ($Billion)
Figure 66. Old Dominion Freight Line, Inc.: Net Sales, ($Billion)
Executive Summary
According to the report, “Freight Trucking Market," the freight trucking market was valued at $2,732.00 billion in 2021, and is estimated to reach $4,457.4 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.Asia-Pacific is expected to dominate the global freight trucking market in 2021. The growth of the market in Asia-Pacific is majorly attributed to the booming e-commerce industry in emerging economies in the region. High government support for development of logistics infrastructure in the region is boosting the market growth. China has the largest logistics industry in the region due to the presence of huge population base in the country and large manufacturing base. In addition, expansion of the e-commerce industry throughout Asia-Pacific region is expected to propel the growth of market during the forecast period.
Asia-Pacific is expected to dominate the global freight trucking market in 2021. The growth of the market in Asia-Pacific is majorly attributed to the booming e-commerce industry in emerging economies in the region. High government support for development of logistics infrastructure in the region is boosting the market growth. China has the largest logistics industry in the region due to the presence of huge population base in the country and large manufacturing base. In addition, expansion of the e-commerce industry throughout Asia-Pacific region is expected to propel the growth of market during the forecast period.
Tank truck utilizes cylinder-shaped containers for the movement of oil or diesel fuel. These trucks can carry between 10,000-45,000 liters of fuel from refineries or storage facilities to the pumps at a gas station. In addition, tank trucks can also carry other types of processed oil such as jet fuels for airport. Moreover, in tank trucks, the fuel is separated into many components, therefore it can carry different types of fuel to a service station in a single trip. Furthermore, few companies are awarding contracts to truck body manufacturing companies to provide truck body and parts which can be used for the bulk mail delivery, fuels the growth of the segment. For instance, in October 2021, U.S. Postal Service (USPS) awarded a $53 million contract to Utilimaster for 447 Utilimaster truck bodies to be used for bulk mail delivery. This contract is in addition to the previous $214 million multi-year contract for more than 2,000 vehicles, which was completed during the third quarter of 2019.
The growth of the global freight trucking market is propelling, due to increase in use of telematics in automotive sector, expansion of e-commerce industry globally, and rise in urbanization. However, poor infrastructure and higher logistics costs are hampering the growth of the market. Furthermore, development of self-driving trucks is the factor expected to offer growth opportunities during the forecast period.
COVID-19 Impact Analysis
The outbreak of COVID-19 resulted in flight cancellations, travel bans, and implementation of quarantine measures, which made massive disruption of the supply chain and logistics activities across the globe. The impact of the COVID-19 pandemic has resulted in workforce changes, and temporary restriction on the movement of goods. Several countries across the globe shut down their borders and limited transportation & travel to contain the coronavirus outbreak. For instance, in 2020, in European Union, trucks formed a 37-mile-long lines on A4 highway after Poland closed its border with Germany in mid-March to stop coronavirus spread.In addition, the impact of the COVID-19 pandemic has also resulted in supply-chain disruptions causing decline in the sales of automobiles, shortage of semiconductor components, and temporary shutdown of many production sites across the globe, which in turn impacted the demand for freight trucks. For instance, in 2020, global automobiles production recorded a drop of 16% in vehicle production.
Several automobile manufacturers faced shortage of components such as semiconductor chips, and others, which further resulted in delay in production of freight trucks. Heavy-duty truck manufacturers are still struggling to keep up with demand as shortages of semiconductors and other parts curb production.
Moreover, COVID-19 also impacted the production of trucks across the globe. It forced automobile manufacturers to temporarily shut down their production plants, owing to lack of workforce. For instance, in May 2020, Ford temporarily shut down its two separate production plants as the employees tested positive for COVID-19. One plant in Chicago that manufactures Ford Explorer, the Lincoln Aviator, and Ford Interceptor; and the second plant in Dearborn Michigan that manufactures F-150 pickup truck, were temporarily shut down.
However, with the easing of lockdown restrictions, several truck manufacturing companies has observed growth in the sales of truck and buses, which fuels the growth of the market during the forecast period. For instance, in 2021, Daimler Truck has reported 20% year-on-year growth in sales of truck and buses with 455,400 units sold across the globe.
Furthermore, post-pandemic, several technological advancements such as introduction of Internet of things (IoT) in trucks has been observed, which in turn will supplement the growth of the market during the forecast period.
Key Findings of the Study
- By truck type, the refrigerated truck segment is anticipated to exhibit significant growth in the near future.
- By cargo type, the temperature controlled goods segment is anticipated to exhibit significant growth in the near future.
- By end-user, the retail and e-commerce segment is anticipated to exhibit significant growth in the near future.
- By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
- Key players operating in the global freight trucking market include A.P. Moller-Maersk, CEVA Logistics AG, Deutsche Post AG, ESTES Express Lines, FedEx, J.B. Hunt Transport Services, Inc., Knight Transportation Holding Inc., Landstar System, Inc., Nippon Express Co., Ltd., Old Dominion Freight Line Company, Saia, Inc., Schneider National, Inc., United Parcel Service of America, Inc., XPO Logistics, Inc., and YRC Freight.
Companies Mentioned
- A.P. Moller - Maersk
- Deutsche Post AG
- Nippon Express Co., Ltd.
- Estes Express Lines
- Saia, Inc.
- FedEx Corporation
- J.B. Hunt Transport Services, Inc.
- Landstar System, Inc.
- Schneider National, Inc.
- United Parcel Service of America, Inc.
- XPO Logistics, Inc.
- CEVA Logistics AG
- Knight-Swift Transportation Holdings Inc.
- Yellow Roadway Corporation
- Old Dominion Freight Line, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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