Market Overview:
The global freight trucking market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for goods and services, globalization, and technological advancements. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into lorry tank, truck trailer, refrigerated truck, flatbed truck. Lorry tanks are used for transporting liquid cargo while truck trailers are used for transporting goods in a container or trailer body.
Product Definition:
Freight trucking is the transportation of goods by truck. The goods may be transported in containers or trailers. Freight trucking is important because it is a less expensive way to transport goods than using other modes of transportation, such as rail or air.
Lorry Tank:
Lorry tank is a container that is attached to the rear of a freight truck. It has an opening at the top, through which loading and unloading operations are carried out. The size of the opening can be varied according to requirements. Lorry tanks are used for carrying liquid bulk such as fuel, chemicals, grain or ore on flat or uneven surfaces and in inclined positions on trucks without any damage occurring to load due to shifting or vibration of loads in transit.
Truck Trailer:
A truck trailer is a vehicle, which is used to transport the goods from manufacturer to another place either in a single load or in multiple loads. It has doors on both sides and it can be driven and navigated by one person. The major function of such trailers is to protect the goods from weather conditions that may damage the product due to transportation.
Application Insights:
The oil and gas segment accounted for the largest revenue share in 2017. The growth can be attributed to the increasing production of crude oil and natural gas, which has resulted in an increased requirement for freight trucks to transport these products from the wellhead to refineries and storage facilities. Furthermore, growing demand for on-site processing at shale gas wells is expected to drive product demand over the forecast period.
Industrial and manufacturing application is projected register a CAGR of XX% from 2018 to 2030 owing majorly due to factors such as expanding manufacturing base across emerging countries including China, India, Brazil, South Africa., Mexico Vietnam Indonesia Malaysia Philippines Thailand etc., Growing preference among manufacturers for locating their plants in close proximity with raw materials will also boost product penetration over the coming years.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to rising industrialization, improving economic conditions, and increasing trade activities across emerging economies such as China, India, Indonesia, Vietnam among others.
China emerged as a prominent market for freight trucks with a significant contribution from other East Asian countries such as Japan and South Korea. Moreover high investments in automation are projected to further boost truck sales over the coming years which would subsequently drive regional demand. Furthermore growing oil and gas industry coupled with government initiatives encouraging domestic manufacturing is anticipated to have a positive impact on market development over the next eight years.
Growth Factors:
- Increasing demand for goods and services: The growth of the freight trucking market is directly linked to the growth of the economy. As economies grow, so does the demand for goods and services, which in turn drives the need for more transportation capacity.
- Urbanization and globalization: Both urbanization and globalization are contributing factors to increased freight traffic volumes. As people move into cities and countries become more interconnected, there is a greater need for goods to be transported between different locations.
- Technological advancements: Advances in technology have led to innovations in transportation methods, including freight trucking. This has helped increase efficiency and reduce costs, making it a more competitive option compared to other forms of transportation such as rail or air cargo transportations .
Scope Of The Report
Report Attributes
Report Details
Report Title
Freight Trucking Market Research Report
By Type
Lorry Tank, Truck Trailer, Refrigerated Truck, Flatbed Truck
By Application
Oil and Gas, Industrial and Manufacturing, Defense, Energy and Mining, Chemicals, Pharmaceuticals and Healthcare, Food and Beverages, Others
By Companies
Cargo Carriers, UPS, FedEx, Ceva Holdings, Tuma Transport, Swift Transport, Interlogix, Kuhne+Nagel, Transtech Logistics, Procet Freight, Cargo Carriers, J&J Global
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Freight Trucking Market Report Segments:
The global Freight Trucking market is segmented on the basis of:
Types
Lorry Tank, Truck Trailer, Refrigerated Truck, Flatbed Truck
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Industrial and Manufacturing, Defense, Energy and Mining, Chemicals, Pharmaceuticals and Healthcare, Food and Beverages, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cargo Carriers
- UPS
- FedEx
- Ceva Holdings
- Tuma Transport
- Swift Transport
- Interlogix
- Kuhne+Nagel
- Transtech Logistics
- Procet Freight
- Cargo Carriers
- J&J Global
Highlights of The Freight Trucking Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lorry Tank
- Truck Trailer
- Refrigerated Truck
- Flatbed Truck
- By Application:
- Oil and Gas
- Industrial and Manufacturing
- Defense
- Energy and Mining
- Chemicals
- Pharmaceuticals and Healthcare
- Food and Beverages
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Freight Trucking Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Freight trucking is the transportation of goods by trucks. Goods are transported from one point to another, usually within a specific time frame.
Some of the major companies in the freight trucking market are Cargo Carriers, UPS, FedEx, Ceva Holdings, Tuma Transport, Swift Transport, Interlogix, Kuhne+Nagel, Transtech Logistics, Procet Freight, Cargo Carriers, J&J Global.
The freight trucking market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Freight Trucking Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Freight Trucking Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Freight Trucking Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Freight Trucking Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Freight Trucking Market Size & Forecast, 2020-2028
4.5.1 Freight Trucking Market Size and Y-o-Y Growth
4.5.2 Freight Trucking Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Lorry Tank
5.2.2 Truck Trailer
5.2.3 Refrigerated Truck
5.2.4 Flatbed Truck
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Industrial and Manufacturing
6.2.3 Defense
6.2.4 Energy and Mining
6.2.5 Chemicals
6.2.6 Pharmaceuticals and Healthcare
6.2.7 Food and Beverages
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Freight Trucking Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Freight Trucking Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Lorry Tank
9.6.2 Truck Trailer
9.6.3 Refrigerated Truck
9.6.4 Flatbed Truck
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Industrial and Manufacturing
9.10.3 Defense
9.10.4 Energy and Mining
9.10.5 Chemicals
9.10.6 Pharmaceuticals and Healthcare
9.10.7 Food and Beverages
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Lorry Tank
10.6.2 Truck Trailer
10.6.3 Refrigerated Truck
10.6.4 Flatbed Truck
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Industrial and Manufacturing
10.10.3 Defense
10.10.4 Energy and Mining
10.10.5 Chemicals
10.10.6 Pharmaceuticals and Healthcare
10.10.7 Food and Beverages
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Lorry Tank
11.6.2 Truck Trailer
11.6.3 Refrigerated Truck
11.6.4 Flatbed Truck
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Industrial and Manufacturing
11.10.3 Defense
11.10.4 Energy and Mining
11.10.5 Chemicals
11.10.6 Pharmaceuticals and Healthcare
11.10.7 Food and Beverages
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Lorry Tank
12.6.2 Truck Trailer
12.6.3 Refrigerated Truck
12.6.4 Flatbed Truck
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Industrial and Manufacturing
12.10.3 Defense
12.10.4 Energy and Mining
12.10.5 Chemicals
12.10.6 Pharmaceuticals and Healthcare
12.10.7 Food and Beverages
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Lorry Tank
13.6.2 Truck Trailer
13.6.3 Refrigerated Truck
13.6.4 Flatbed Truck
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Industrial and Manufacturing
13.10.3 Defense
13.10.4 Energy and Mining
13.10.5 Chemicals
13.10.6 Pharmaceuticals and Healthcare
13.10.7 Food and Beverages
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Freight Trucking Market: Competitive Dashboard
14.2 Global Freight Trucking Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cargo Carriers
14.3.2 UPS
14.3.3 FedEx
14.3.4 Ceva Holdings
14.3.5 Tuma Transport
14.3.6 Swift Transport
14.3.7 Interlogix
14.3.8 Kuhne+Nagel
14.3.9 Transtech Logistics
14.3.10 Procet Freight
14.3.11 Cargo Carriers
14.3.12 J&J Global
