Market Overview:
The global full truckload transportation market is estimated to be valued at US$ 1,023.8 Bn by 2030 and is projected to register a CAGR of 5.1% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for full truckload transportation services due to the globalization of trade and rise in e-commerce activities across the globe. In terms of type, roadways are expected to dominate the global full truckload transportation market throughout the forecast period owing to its high flexibility and efficiency as compared with other modes of transport such as railways, seaways, and airways. By application, food & beverages segment is anticipated witness highest growth rate over the forecast period on account of rising demand for processed food products across various regions worldwide.
Product Definition:
A full truckload transportation is a shipment that occupies an entire truck. This type of shipment is important because it allows businesses to move large quantities of goods at one time.
Roadways:
Roadways is the cost of transporting a full truckload (FTL) of freight on the public roads. It includes transportation costs incurred by the driver, fuel costs, maintenance and repair costs, insurance premiums and licensing fees. Roadways cost per FTL is dependent upon factors such as type of road used for transportation (paved or unpaved), traffic volume, load weight and dimensions along with driver wages & benefits.
Railways:
Railways are the most common and convenient mode of transportation. They have been around for a long time and can be used by almost every type of cargo. The only factor that holds back their demand is the cost associated with them, but over the years there has been tremendous progress in technology to make rail transport cheaper and more efficient which has helped in increasing it's market share.
Application Insights:
The food and beverages segment held the largest share of more than 40.0% in 2017. The FTL market for food and beverages is expected to witness significant growth over the forecast period owing to rising demand for packaged products from various end-use industries, including hotels, restaurants and cafes, schools and colleges, hospitals, etc. Furthermore with the growing population across the globe; there has been an increase in demand for a wide variety of foods that cater to a variety of tastes & preferences which includes fast foods as well as full service restaurants. This trend is likely to continue over the forecast period thereby driving global FTLT by trucks for food & beverage industry applications over the coming years.
Regional Analysis:
Asia Pacific is estimated to be the fastest-growing regional market over the forecast period. The growth of this region is attributed to increasing foreign investments in India and China. For instance, in September 2017, Walmart Inc., one of the largest retailers, opened its first store in India under a new brand name ‘Walmart Express’. Similarly, in July 2017, Amazon opened its first cashierless store named ‘Amazon Go’in Beijing with plans for more such stores across China and other countries such as U.S., Japan and Germany.
The Asia Pacific was followed by Europe that accounted for 18% of global revenue share in 2016 owing to high trade volumes between European Union (EU) member states.
Growth Factors:
- Increasing demand for goods transportation: The growth of the e-commerce sector has led to an increase in the demand for goods transportation. This is because online retailers need to transport large volumes of goods from warehouses to customers’ homes.
- Rising fuel prices: The cost of fuel accounts for a significant proportion of trucking costs. As fuel prices continue to rise, trucking companies are forced to increase their rates, which leads to an overall increase in the cost of transportation services.
- Aging infrastructure: The U.S.'s aging infrastructure is in dire need of repair and renovation. This is particularly true for the country's roads and bridges, which are critical components of the trucking industry supply chain . As more money is invested into repairing and upgrading America's infrastructure, it will lead to increased efficiency and productivity within the trucking industry .
Scope Of The Report
Report Attributes
Report Details
Report Title
Full Truckload Transportation Market Research Report
By Type
Roadways, Railways, Seaways, Airways
By Application
Food & Beverages, Agricultural Products, Metals, Consumer Goods, Oil, Gas & Chemicals, Other
By Companies
FedEx, J.B. Hunt Transport Services, Knight-Swift Transportation, Schneider National, UPS, YRC Worldwide, NFI Industries, Ryder System, Werner, XPO Logistics
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Full Truckload Transportation Market Report Segments:
The global Full Truckload Transportation market is segmented on the basis of:
Types
Roadways, Railways, Seaways, Airways
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
Food & Beverages, Agricultural Products, Metals, Consumer Goods, Oil, Gas & Chemicals, Other
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:
- FedEx
- J.B. Hunt Transport Services
- Knight-Swift Transportation
- Schneider National
- UPS
- YRC Worldwide
- NFI Industries
- Ryder System
- Werner
- XPO Logistics
Highlights of The Full Truckload Transportation 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:
- Roadways
- Railways
- Seaways
- Airways
- By Application:
- Food & Beverages
- Agricultural Products
- Metals
- Consumer Goods
- Oil, Gas & Chemicals
- Other
- 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 Full Truckload Transportation 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.
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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?
Full truckload transportation is a type of freight transport in which a truckload (a quantity of cargo that is equivalent to the legal maximum weight for a vehicle) is transported by one or more trucks.
Some of the major players in the full truckload transportation market are FedEx, J.B. Hunt Transport Services, Knight-Swift Transportation, Schneider National, UPS, YRC Worldwide, NFI Industries, Ryder System, Werner, XPO Logistics.
The full truckload transportation market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Full Truckload Transportation 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 Full Truckload Transportation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Full Truckload Transportation 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 Full Truckload Transportation 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 Full Truckload Transportation Market Size & Forecast, 2020-2028
4.5.1 Full Truckload Transportation Market Size and Y-o-Y Growth
4.5.2 Full Truckload Transportation 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 Roadways
5.2.2 Railways
5.2.3 Seaways
5.2.4 Airways
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 Food & Beverages
6.2.2 Agricultural Products
6.2.3 Metals
6.2.4 Consumer Goods
6.2.5 Oil
6.2.6 Gas & Chemicals
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Full Truckload Transportation 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 Full Truckload Transportation 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 Roadways
9.6.2 Railways
9.6.3 Seaways
9.6.4 Airways
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 Food & Beverages
9.10.2 Agricultural Products
9.10.3 Metals
9.10.4 Consumer Goods
9.10.5 Oil
9.10.6 Gas & Chemicals
9.10.7 Other
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 Roadways
10.6.2 Railways
10.6.3 Seaways
10.6.4 Airways
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 Food & Beverages
10.10.2 Agricultural Products
10.10.3 Metals
10.10.4 Consumer Goods
10.10.5 Oil
10.10.6 Gas & Chemicals
10.10.7 Other
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 Roadways
11.6.2 Railways
11.6.3 Seaways
11.6.4 Airways
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 Food & Beverages
11.10.2 Agricultural Products
11.10.3 Metals
11.10.4 Consumer Goods
11.10.5 Oil
11.10.6 Gas & Chemicals
11.10.7 Other
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 Roadways
12.6.2 Railways
12.6.3 Seaways
12.6.4 Airways
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 Food & Beverages
12.10.2 Agricultural Products
12.10.3 Metals
12.10.4 Consumer Goods
12.10.5 Oil
12.10.6 Gas & Chemicals
12.10.7 Other
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 Roadways
13.6.2 Railways
13.6.3 Seaways
13.6.4 Airways
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 Food & Beverages
13.10.2 Agricultural Products
13.10.3 Metals
13.10.4 Consumer Goods
13.10.5 Oil
13.10.6 Gas & Chemicals
13.10.7 Other
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 Full Truckload Transportation Market: Competitive Dashboard
14.2 Global Full Truckload Transportation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FedEx
14.3.2 J.B. Hunt Transport Services
14.3.3 Knight-Swift Transportation
14.3.4 Schneider National
14.3.5 UPS
14.3.6 YRC Worldwide
14.3.7 NFI Industries
14.3.8 Ryder System
14.3.9 Werner
14.3.10 XPO Logistics
