Truck Transport Market Report 2026

The truck transport market size has grown strongly in recent years. It will grow from $2.24 trillion in 2025 to $2.42 trillion in 2026 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to expansion of road-based freight movement, growth of regional distribution networks, rising demand for food and pharmaceutical transport, increased reliance on trucking for last-mile delivery, availability of diversified truck fleets.

The truck transport market size is expected to see strong growth in the next few years. It will grow to $3.39 trillion in 2030 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increasing adoption of autonomous trucking technologies, rising investments in electric truck infrastructure, expansion of e-commerce driven freight demand, growing focus on emission reduction in freight transport, increasing integration of digital freight platforms. Major trends in the forecast period include increasing adoption of fleet telematics systems, rising demand for refrigerated and specialized trucking, growing use of route optimization software, expansion of electric and alternative fuel trucks, enhanced focus on cargo safety and traceability.

The growth of the truck transport market is anticipated to be driven by the expansion of the e-commerce industry. E-commerce involves the exchange of goods and services or the transfer of money or data over an electronic network, primarily through the internet. Truck transportation plays a crucial role in the e-commerce sector by ensuring the timely and reliable delivery of products to customers’ homes, thereby supporting efficient order fulfillment. For example, in December 2025, according to the US Census Bureau, a US government agency, e-commerce sales in the third quarter of 2025, adjusted for seasonal variation but not for price changes, reached US$ 310.3 billion, marking a 5.1% increase compared with the third quarter of 2024, and representing 16.4% of total retail sales. Consequently, the expansion of the e-commerce industry is fueling the growth of the truck transport market.

Major companies in the truck transport market are concentrating on creating zero-emission propulsion technologies, including hydrogen fuel cell electric trucks, to improve sustainability and long-haul efficiency. Hydrogen fuel cell electric trucks are commercial vehicles that generate electricity through an electrochemical reaction between hydrogen and oxygen within fuel cells, powering an electric drivetrain and releasing only water vapor. This technology offers benefits such as extended driving range, rapid refueling, and zero tailpipe emissions. For example, in April 2025, Hyundai Motor, a South Korea-based automotive manufacturer, introduced the XCIENT Fuel Cell truck, a hydrogen fuel cell electric Class-8 heavy-duty truck built for zero-emission freight and long-distance logistics. It features a 180 kW hydrogen fuel cell system, advanced driver assistance technologies, and a driving range of up to 450 miles. The XCIENT Fuel Cell truck supports decarbonization in freight transport, enhances fleet sustainability, and helps meet regulatory requirements in heavy-duty trucking operations.

In September 2023, TFI International Inc., a Canada-based transportation and logistics services provider, acquired Vedder Transportation Group for an undisclosed amount. Through this acquisition, TFI International enhanced its coast-to-coast tank truck transport network in Canada, reinforcing its service capabilities in the food-grade liquids and dry bulk commodities sector while expanding its presence in Western Canada. Vedder Transportation Group is a Canada-based tank truck transport service provider, operating a fleet of tractors and trailers and offering specialized logistics solutions, including wash rack and railcar transloading services.

Major companies operating in the truck transport market are FedEx Corporation, Knight-Swift Transportation Holdings Inc., XPO Logistics, YRC Worldwide, J.B. Hunt Transport Services Inc., LDI Dimotrans Group, Paige Logistics Ltd, Searcy Trucking Ltd, Transport Corporation of India, Vrl, Gati, Agarwal Packers and Movers, United Parcel Service (UPS), Panalpina, TASA Logística, Shanghai CNEX Express Co. Ltd, Deppon Logistics Co. Ltd, HOAU Logistics Company Limited, Skelton Truck Lines, Amazon Japan G.K, Schneider National Inc., Konoike Transport Co. Ltd, Fukuyama Transporting Co. Ltd, Shanghai ANE Juchuang Supply Chain Management Co. Ltd, Seino Transportation Co. Ltd, Gefco, Logistics Ekol Romania, Puma Cargo, Truckways Limited, Deutsche Post AG, Schneider Transport SA, Dachser Group SE & Co, HAVI Logistics GmbH, Yusen Logistics, Maxitrans, Frigoexpres, Schenker Aktiengesellschaft, J&R Transport Inc, Yamato Transport Co. Ltd, Panamerican Cargo, Nippon Express, Brian Kurtz Trucking Ltd, SF Express Co. Ltd, Spoton logistics, JADE TRANSPORT LTD, Trans-Nationwide Express, Om Logistics, Landstar System Inc., Trans Sese SL, Dibiagi Transporte Internaciona, Rodovitor Transport and Vehicle Rental, Pronto Cargo, Galeon Logistics, Sagawa Express Co. Ltd, Old Dominion, Fox Brasil, Norte Brasil Logistica, Primafrio SL, McKevitt Trucking Limited, TFI International, Novatrade Brasil, Almas Movers International, S.C. PHARAON SPEED EXPRESS SRL, N&N Logistics Inc, Bin Yousef Cargo, E2E Qatar, GMC Logistics, KOS Deliveries, Ts Network Co. Ltd, Admiral Trucker Limited, BTXpress Universal Limited, Ekene Dili Chukwu Nigeria Limited, Konek Group.

Asia-Pacific was the largest region in the truck transport market in 2025. North America was the second largest region in the truck transport market. The regions covered in the truck transport market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the truck transport market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The truck transport market includes revenues earned by entities by transferring or moving cargo, personal effects, or deliveries for businesses between places like residences and workplaces or between the point of production and the point of sale. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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