Global Freight Trucking Market to Reach $3.4 Trillion by 2030, Driven by Truck Trailer Segment and Post-Pandemic Recovery


Dublin, July 13, 2023 (GLOBE NEWSWIRE) -- The "Freight Trucking: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Freight Trucking estimated at US$2.2 Trillion in the year 2022, is projected to reach a revised size of US$3.4 Trillion by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030.

Truck Trailer, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$1.1 Trillion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Lorry Tank segment is readjusted to a revised 4.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $532.7 Billion, While China is Forecast to Grow at 7.1% CAGR

The Freight Trucking market in the U.S. is estimated at US$532.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$770.8 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$683.2 Billion by the year 2030.

Select Competitors (Total 244 Featured) -

  • A.P. Moller - Marsk A/S
  • Canadian National Railway Company
  • CEVA Logistics
  • CMA CGM S.A.
  • DB SCHENKER
  • DHL International GmbH
  • Estes Express Lines
  • FedEx Corporation
  • JB Hunt Transport Services Inc.
  • Knight-Swift Transportation Holdings Inc.
  • Kuehne + Nagel International AG
  • Nippon Express Co., Ltd.
  • Procet Freight cc
  • R+L Carriers, Inc.
  • Saia
  • GEODIS
  • Swift Transportation Company
  • Transtech Logistics
  • United Parcel Service of America, Inc.
  • Werner Enterprises, Inc.
  • XPO Logistics Inc.
  • YRC Worldwide Inc.

Key Attributes:

Report AttributeDetails
No. of Pages752
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$2.2 Trillion
Forecasted Market Value (USD) by 2030$3.4 Trillion
Compound Annual Growth Rate5.6%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Freight Trucking - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Global Trade & Retail: The Foundation for Growth in the Freight Trucking Industry
  • Trade & Transport Logistics Are Mutually Reinforcing: Global Value of Export Trade (In US$ Billion) for the Years
  • Year 2020 Has Been a Year of Astounding Disruption & Unbelievable Transformation
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
  • Unemployment Spike in 2020 Challenges Growth in Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
  • The First Vaccines Are Here! Will It Change the Existing Economic Realities? & Is it Really the Silver Bullet We Were Waiting For?
  • How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: COVID-19 Vaccines In Millions of Annual Doses For Years 2020 Through 2025
  • How Trade, Transport & Retail Industries Are Impacted by the Pandemic & What's the New Normal?
  • Transportation Industry Bites the Dust
  • Global Trade Plummets Impacting Freight & Logistics: Global Trade Exports & Imports Volume Growth (in %) by Region for 2018-2020
  • Retailing & Merchandizing, the Key Drivers of Urban Logistics, Slumps
  • Special Focus on Departmental Stores
  • Global Department Stores Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • An Uncertain Recovery in Global Trade Means the Pain of the Pandemic Will Continue to Linger On for the Freight Transport Industry
  • Global Merchandize Trade (In US$ Trillion) for Years 2019 to 2022
  • Recent Market Activity
  • Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Moving Beyond COVID-19, How Will Global Supply Chains Looks Like? The Answer Every Stakeholder in Supply Chain Logistics Should Know
  • As Companies Come to Terms With the Depth of their Dependencies, Globalization Will Reduce to Regionalization
  • Supply Chain 24/7 Visibility, the New Normal
  • Why the Need to Modify The Pharmaceutical Supply Chain Is So Great?
  • Rethinking Scale & Mix Will See the Rise of Parallel Supply Chains
  • Making Data Talk: Digitization Will be the Key to Building Stronger, Smarter Supply Chains
  • Focus on Road Infrastructure Development Post Pandemic to Ensure Sustained Growth in the Freight Trucking Industry
  • Year 2020, a Year of Hiatus for Road Development Projects
  • A Quick Rebound in 2021 is Supported by the Fact that Roads Play a Crucial Role in Enabling Seamless Movement of Goods Vital to Economic Recovery & Growth
  • Growing Need to Bridge Infrastructure Gap Which is the Highest for Roadways Promises to Expand Budget Outlays for Highways and Transport Development : Global Cumulative Investments in Roadways Vs Actual Need for the Period 2016-2040 (In US$ Trillion)
  • Cumulative Global Infrastructure Spending Gap 2018-2040 (In US$ Billion)
  • Continuous Development of World's Highways to Expand Market Opportunities for the Trucking Industry: Length of Road Networks (In 000 Kilometers) in Top 15 Countries Worldwide for the Year 2020
  • Demand for Refrigerated Trucks Grows in Parallel to the Focus Shed on Safe Transport of Perishable Temperature Sensitive Food Products & Produce
  • Innovations in Refrigeration Systems for Transport Vehicles Gains Prominence
  • Growing Demand for Frozen Foods Bodes Well for Refrigerated Road Transport Vehicle Demand & Trucking Services: Global Opportunity for Frozen Foods by Type (In US$ Billion) for Years 2020, 2022, 2024, 2026
  • Sales of Refrigerated Vehicles (In Units) In the United States by Type for the Year 2021E
  • In-Country Vaccine Transport Needs to Benefit Demand for Refrigerated Trucks & Trucking Services
  • Fleet Telematics Brings in Performance Improvements in the Trucking Industry
  • Cost Pressures in the Logistics Industry Spurs Market Opportunities for CV Telematics in Fleet Management
  • Trucking Service Providers Step Up Spending on Telematics: Global Spending on Commercial Vehicle Telematics (In US$ Million)
  • Rise of e-Commerce Comes as a Boon For Urban Logistics & the Trucking Industry in Particular
  • Global e-Commerce Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Growing Focus on Enhancing Effectiveness of Last Mile Delivery Spurs Demand for Mini Electric Trucks
  • Business-to-Customer (B2C) e-Commerce Pushes Last Mile Delivery Into a Multi-Billion Dollar Market: Global Last Mile Delivery Market (In US$ Billion) for Years 2020, 2022 and 2025
  • Hybrid Truck-Drone Model for Last-Mile Delivery
  • Autonomous Trucking: A Revolution in Making in the Trucking Industry
  • Digitalization of Logistics Gains Fervor Amid the Pandemic
  • Growing Number of Service Providers Leverage Data and Analytics for Smart Transportation
  • The Push to Digitalize Gets Stronger: Global Digital Logistics Market Opportunity (In US$ Billion) for Years 2020, 2022, 2024 & 2027
  • 3PLs Step Up Investments in Freight Management Systems. Here's Why
  • Global Opportunity in Freight Management Systems Market (In US$ Million) for Years 2020, 2022 and 2024 and 2027
  • Big Data Analytics Gains in Importance in Freight Management Systems
  • The Move Towards Digitalization Accelerates Adoption of New Technologies & Presents New Opportunities for Growth
  • Here's How IoT Will Deliver Revolution to the Trucking Industry
  • Rise of Blockchain in Trucking: A Review
  • Artificial Intelligence (AI) Makes Inroads in the Trucking Industry
  • Global Opportunity for Artificial Intelligence (AI) in Logistics and Supply Chain (In US$ Billion) for Years 2020, 2022, 2024, 2025 and 2027
  • New On-Demand Trucking Apps Take Center Stage

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/qxvi1m

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Global Market for Freight Trucking

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