Global Freight Trucking Market size was valued at US$ 2.19 Tr. in 2021 and the total revenue is expected to grow at 4.7 % through 2021 to 2029, Freight Trucking Market is reaching nearly US$ 3.17 Tr. by 2029.
Freight Trucking Market Overview:
A research team conducted extensive primary and secondary research for the Freight Trucking market study of the global market. In order to augment already-existing data, segment the market, calculate the overall market size, and project market size and growth rate, secondary research was conducted.
Market revenue is determined by primary and secondary research, and market leaders are recognised through these two methods. In-depth interviews with influential thought leaders and business leaders, including CEOs and marketing executives, were conducted as part of the main study.
As part of the primary research, extensive interviews with key opinion leaders and business leaders, including CEOs and marketing executives, were done. As part of the secondary research, the annual and financial reports of the major manufacturers were examined. Global market percentage splits, market shares, growth rates, and breakdowns are produced from secondary sources and validated against primary data.
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The report contributes to a better knowledge of the global Freight Trucking market's dynamic structure by identifying and assessing market segments and estimating market size. The report also contains a comparison of key firms' pricing, financial standing, application growth objectives, and regional presence. To assist shareholders in prioritising their efforts and investments in the global Freight Trucking market, the study also contains a PESTLE analysis.
Decision-makers now have a clear picture of the future of the market thanks to the investigation of external and internal factors that are expected to either benefit or harm enterprises. Through the analysis of market segmentation and projections of market size, the study also contributes to an understanding of the dynamic structure of the global Freight Trucking market. The study is a resource for investors by giving a thorough representation of the competitive analysis of significant organizations in the Global Freight Trucking Market based on price, financial position, growth strategies, and geographic presence.
Freight Trucking Market Segment:
The market is divided into sub-segments based on application, including Chemicals, Pharmaceuticals and Healthcare, Food and Beverages, Oil and Gas, Industrial and Manufacturing, Defense, Energy and Mining, and Oil and Gas. With a CAGR of%, the Oil and Gas segment is anticipated to have the largest market share. The demand for freight trucking services is expanding as long-distance cargo transportation gains popularity in both emerging and developed nations. The market is expanding as a result of the rising need for cold storage trucks for the transportation of perishable goods, primarily food and beverages. There are numerous varieties of freight trucks on the market, including refrigerated trucks, flatbed trucks, truck trailers, and lorry tanks. The refrigerated truck is anticipated to expand at the fastest CAGR throughout the forecast period.
The market is divided into two sub-segments based on distance: short distance and long distance. Over the anticipated term, the short distance segment will dominate the market. In 2021, the amount of road freight moved by trucks increased by 77% to 1800 billion tonne-kilometers. Long-distance or long-haul freight transportation by truck on the road has some significant advantages over other modes, which is one of the main reasons why it is so popular. Despite not being environmentally friendly, the rapidly growing e-commerce sector places a high demand on freight transportation.
Freight Trucking Market Key players:
• Cargo Carriers
• Ceva Holdings
• Tuma Transport
• Swift Transport
• Transtech Logistics
• Procet Freight
• JandJ Global
• United Parcel Service.
• Union Pacific Corp
• NYK Group
• SF Express
• XPO Logistics
• A.P. Moller Maersk
• Canadian National
• CMA CGM
• DB SCHENKER
• Deutsche Post
The Freight Trucking Market is examined at the national level with a focus on nations with the largest market shares, categories with the potential for strong growth, and categories. The regional breakdowns in the Freight Trucking Market research include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations.
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COVID-19 Impact Analysis on Freight Trucking Market: The report covers COVID-19 impact on Freight Trucking market.
Key Questions Answered in the Freight Trucking Market Report are:
- What will the CAGR of the Freight Trucking market be during the forecast period?
- In the Freight Trucking market, which market segment has become the market leader?
- Which companies dominate the Freight Trucking market?
- In 2029, how big will the Freight Trucking market be?
- Which company held the largest proportion of the Freight Trucking market?
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