Market Overview:
The global specialized freight trucking market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for goods and services, globalization, and technological advancements in the transportation sector. The market is segmented on the basis of type, application, and region. On the basis of type, the global specialized freight trucking market is segmented into business services, managed services, system integrators, and others. Business services are further sub-segmented into transportation management systems (TMS), freight forwarding & logistics management (FF&LM), customs brokerage & consulting services (CBR&CS), and other business service providers (BSPs). Managed service providers are further sub-segmented into fleet management solutions (FMS) providers and integrated transport solutions (ITS) providers. System integrators are further sub-segmented into hardware/software vendors and telematics solution providers. Others include trailer manufacturers/body builders; component suppliers; tire manufacturers; insurance companies; leasing companies etc., which offer various value-added products or services such as engineering design consultancy; financial consultancy etc., along with transportation solutions These segments have been analyzed based on their respective CAGRs for the period from 2018 to 2030. On the basis of application, private truck accounts for a major share in terms of revenue generated in this market followed by commercial trucks However,.
Product Definition:
Specialized freight trucking is a type of freight trucking that focuses on moving specific types of cargo. This can include things like hazardous materials, food, or medical supplies. Specialized freight trucking is important because it allows businesses to move their goods quickly and efficiently without having to worry about dealing with a general transportation company.
Business Services:
Business services are the supporting functions that help organizations to run their business effectively. It includes accounting, human resource management, information technology and legal services. The growth factor in the specialized freight trucking industry is increasing due to globalization and trade liberalization which has led to an increase in cross border e-commerce transactions. Due to this reason there is a need for better logistics infrastructure across the world which will eventually lead to an increase in demand for specialized freights with higher load capacity and efficiency levels.
Managed Services:
Managed services are a set of outsourcing services that help companies to focus on their core competencies and reduce their operational costs. It is an umbrella term for various activities, including process management, application management, network operation center (NOC), inventory monitoring and control, business support functions such as sales & marketing and human resource management along with logistics support. Logistics support includes transportation Management Information System (TMS) or Transportation Management Center (TMC).
Application Insights:
The private truck application segment led the market and accounted for more than 60.0% share of the global revenue in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for on-demand services by companies, which are facing growing competition in their respective industries. For instance, as per a study conducted by LMC Automotive, Inc., nearly 70% of all commercial vehicles operating across U.S are part-time or casual drivers with an average age of 37 years and above driving more than 10 hours a day on roadways with an annual mileage exceeding 50,000 miles leading to high utilization rates across North America region.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to factors such as increasing demand for freight transportation services, technological advancements, and stringent regulations regarding fuel emissions. Moreover, rising investments by companies in automation and electrification are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing industrialization across various economies including China, India, Japan and South Korea among others. In addition, growing e-commerce industry is also expected boost regional demand for specialized freight trucking services during the forecast period from 2018 to 2030 (estimated CAGR of XX% between 2018 & 2025).
Growth Factors:
- Increasing demand for specialized freight trucking services due to growth in e-commerce and globalization.
- Proliferation of innovative technologies that improve the efficiency and safety of freight trucking operations.
- Growing demand for just-in-time delivery services to meet the needs of businesses and consumers.
- Rising fuel costs that increase the cost competitiveness of specialized freight trucking services relative to other transportation modes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialized Freight Trucking Market Research Report
By Type
Business Services, Managed Services, System Integrators, Others
By Application
Private Truck, Commercial Truck
By Companies
American Rail Center Logistics, CEVA Logistics, DHL, FedEx Freight, United Parcel Service, American Rail Center 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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Specialized Freight Trucking Market Report Segments:
The global Specialized Freight Trucking market is segmented on the basis of:
Types
Business Services, Managed Services, System Integrators, Others
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
Private Truck, Commercial Truck
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:
- American Rail Center Logistics
- CEVA Logistics
- DHL
- FedEx Freight
- United Parcel Service
- American Rail Center Logistics
Highlights of The Specialized 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:
- Business Services
- Managed Services
- System Integrators
- Others
- By Application:
- Private Truck
- Commercial Truck
- 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 Specialized 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.
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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?
Specialized freight trucking is a type of transportation that specializes in moving large, heavy items. These trucks are often equipped with specialized equipment, such as ramps and cranes, to make the transport process easier and faster.
Some of the major companies in the specialized freight trucking market are American Rail Center Logistics, CEVA Logistics, DHL, FedEx Freight, United Parcel Service, American Rail Center Logistics.
The specialized freight trucking market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Specialized 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 Specialized Freight Trucking Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Specialized 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 Specialized 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 Specialized Freight Trucking Market Size & Forecast, 2018-2028 4.5.1 Specialized Freight Trucking Market Size and Y-o-Y Growth 4.5.2 Specialized Freight Trucking Market Absolute $ Opportunity
Chapter 5 Global Specialized Freight Trucking 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 Specialized Freight Trucking Market Size Forecast by Type
5.2.1 Business Services
5.2.2 Managed Services
5.2.3 System Integrators
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Specialized Freight Trucking 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 Specialized Freight Trucking Market Size Forecast by Applications
6.2.1 Private Truck
6.2.2 Commercial Truck
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Specialized 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 Specialized 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 Specialized Freight Trucking Analysis and Forecast
9.1 Introduction
9.2 North America Specialized Freight Trucking 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 Specialized Freight Trucking Market Size Forecast by Type
9.6.1 Business Services
9.6.2 Managed Services
9.6.3 System Integrators
9.6.4 Others
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 Specialized Freight Trucking Market Size Forecast by Applications
9.10.1 Private Truck
9.10.2 Commercial Truck
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 Specialized Freight Trucking Analysis and Forecast
10.1 Introduction
10.2 Europe Specialized Freight Trucking 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 Specialized Freight Trucking Market Size Forecast by Type
10.6.1 Business Services
10.6.2 Managed Services
10.6.3 System Integrators
10.6.4 Others
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 Specialized Freight Trucking Market Size Forecast by Applications
10.10.1 Private Truck
10.10.2 Commercial Truck
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 Specialized Freight Trucking Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Specialized Freight Trucking 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 Specialized Freight Trucking Market Size Forecast by Type
11.6.1 Business Services
11.6.2 Managed Services
11.6.3 System Integrators
11.6.4 Others
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 Specialized Freight Trucking Market Size Forecast by Applications
11.10.1 Private Truck
11.10.2 Commercial Truck
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 Specialized Freight Trucking Analysis and Forecast
12.1 Introduction
12.2 Latin America Specialized Freight Trucking 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 Specialized Freight Trucking Market Size Forecast by Type
12.6.1 Business Services
12.6.2 Managed Services
12.6.3 System Integrators
12.6.4 Others
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 Specialized Freight Trucking Market Size Forecast by Applications
12.10.1 Private Truck
12.10.2 Commercial Truck
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) Specialized Freight Trucking Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Specialized Freight Trucking 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) Specialized Freight Trucking Market Size Forecast by Type
13.6.1 Business Services
13.6.2 Managed Services
13.6.3 System Integrators
13.6.4 Others
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) Specialized Freight Trucking Market Size Forecast by Applications
13.10.1 Private Truck
13.10.2 Commercial Truck
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 Specialized Freight Trucking Market: Competitive Dashboard
14.2 Global Specialized Freight Trucking Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Rail Center Logistics
14.3.2 CEVA Logistics
14.3.3 DHL
14.3.4 FedEx Freight
14.3.5 United Parcel Service
14.3.6 American Rail Center Logistics