The global truck freight market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for truck freight services due to the rise in e-commerce and globalization. The increase in population and urbanization is also driving the demand for truck freight services.
The global truck freight market by type is segmented into less than truckload (LTL), partial truckload (PTL), full truckload (FTL) and others. LTL segment accounted for a share of over 50% of the total revenue generated by this market in 2017, followed by PTL with a share of around 30%. FTL has been witnessing an increase in its share over time, which was around 10% in 2017. This can be attributed to an increased focus on reducing costs associated with transportation as well as improved customer service levels offered by these companies.
Some Of The Growth Factors Of This Market:
- The truck freight market is expected to reach $8,907 billion by 2022.
- The growth of the truck freight market is driven by the increasing demand for goods and services in emerging economies such as China and India.
- Increasing population in emerging economies will lead to an increase in demand for goods and services which will drive the growth of the truck freight market.
- Increasing urbanization rates will also lead to an increase in demand for goods and services which will drive the growth of the truck freight market.
Industry Growth Insights published a new data on “Truck Freight Market”. The research report is titled “Truck Freight Market research by Types (Less Than Truckload, Partial Truckload, Full Truckload, Others, Truck Freigh), By Applications (Residential, Commercial, Industrial), By Players/Companies DHL Group, Sinotrans, GEODIS, C.H. Robinson, DB Schenker Logistics, Panalpina, DSV, J.B. Hunt, Nippon Express, Agility Logistics, YRC Freight, Hellmann, UPS Supply Chain, Sankyu, Kerry Logistics, NNR Global Logistics, Toll Holdings, Pilot Freight Services, MGA international, Fracht, FedEx Freight, Estes Express Lines, XPO Logistics, Saia Motor Freight, Truck Freigh”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Freight Market Research Report
By Type
Less Than Truckload, Partial Truckload, Full Truckload, Others, Truck Freigh
By Application
Residential, Commercial, Industrial
By Companies
DHL Group, Sinotrans, GEODIS, C.H. Robinson, DB Schenker Logistics, Panalpina, DSV, J.B. Hunt, Nippon Express, Agility Logistics, YRC Freight, Hellmann, UPS Supply Chain, Sankyu, Kerry Logistics, NNR Global Logistics, Toll Holdings, Pilot Freight Services, MGA international, Fracht, FedEx Freight, Estes Express Lines, XPO Logistics, Saia Motor Freight, Truck Freigh
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Truck Freight Market Report Segments:
The global Truck Freight market is segmented on the basis of:
Types
Less Than Truckload, Partial Truckload, Full Truckload, Others, Truck Freigh
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
Residential, Commercial, Industrial
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:
- DHL Group
- Sinotrans
- GEODIS
- C.H. Robinson
- DB Schenker Logistics
- Panalpina
- DSV
- J.B. Hunt
- Nippon Express
- Agility Logistics
- YRC Freight
- Hellmann
- UPS Supply Chain
- Sankyu
- Kerry Logistics
- NNR Global Logistics
- Toll Holdings
- Pilot Freight Services
- MGA international
- Fracht
- FedEx Freight
- Estes Express Lines
- XPO Logistics
- Saia Motor Freight
- Truck Freigh
Highlights of The Truck Freight 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:
- Less Than Truckload
- Partial Truckload
- Full Truckload
- Others
- Truck Freigh
- By Application:
- Residential
- Commercial
- Industrial
- 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 Truck Freight 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?
Truck freight is the transportation of goods by truck.
Some of the major companies in the truck freight market are DHL Group, Sinotrans, GEODIS, C.H. Robinson, DB Schenker Logistics, Panalpina, DSV, J.B. Hunt, Nippon Express, Agility Logistics, YRC Freight, Hellmann, UPS Supply Chain, Sankyu, Kerry Logistics, NNR Global Logistics, Toll Holdings, Pilot Freight Services, MGA international, Fracht, FedEx Freight, Estes Express Lines, XPO Logistics, Saia Motor Freight, Truck Freigh.
The truck freight market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Truck Freight Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Truck Freight Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Truck Freight Market - Supply Chain
4.5. Global Truck Freight Market Forecast
4.5.1. Truck Freight Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Truck Freight Market Size (000 Units) and Y-o-Y Growth
4.5.3. Truck Freight Market Absolute $ Opportunity
5. Global Truck Freight Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Truck Freight Market Size and Volume Forecast by Type
5.3.1. Less Than Truckload
5.3.2. Partial Truckload
5.3.3. Full Truckload
5.3.4. Others
5.3.5. Truck Freigh
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Truck Freight Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Truck Freight Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Truck Freight Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Truck Freight Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Truck Freight Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Truck Freight Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Truck Freight Demand Share Forecast, 2019-2026
9. North America Truck Freight Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Truck Freight Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Truck Freight Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Truck Freight Market Size and Volume Forecast by Type
9.7.1. Less Than Truckload
9.7.2. Partial Truckload
9.7.3. Full Truckload
9.7.4. Others
9.7.5. Truck Freigh
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Truck Freight Demand Share Forecast, 2019-2026
10. Latin America Truck Freight Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Truck Freight Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Truck Freight Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Truck Freight Market Size and Volume Forecast by Type
10.7.1. Less Than Truckload
10.7.2. Partial Truckload
10.7.3. Full Truckload
10.7.4. Others
10.7.5. Truck Freigh
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Truck Freight Demand Share Forecast, 2019-2026
11. Europe Truck Freight Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Truck Freight Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Truck Freight Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Truck Freight Market Size and Volume Forecast by Type
11.7.1. Less Than Truckload
11.7.2. Partial Truckload
11.7.3. Full Truckload
11.7.4. Others
11.7.5. Truck Freigh
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Truck Freight Demand Share, 2019-2026
12. Asia Pacific Truck Freight Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Truck Freight Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Truck Freight Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Truck Freight Market Size and Volume Forecast by Type
12.7.1. Less Than Truckload
12.7.2. Partial Truckload
12.7.3. Full Truckload
12.7.4. Others
12.7.5. Truck Freigh
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Truck Freight Demand Share, 2019-2026
13. Middle East & Africa Truck Freight Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Truck Freight Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Truck Freight Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Truck Freight Market Size and Volume Forecast by Type
13.7.1. Less Than Truckload
13.7.2. Partial Truckload
13.7.3. Full Truckload
13.7.4. Others
13.7.5. Truck Freigh
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Truck Freight Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Truck Freight Market: Market Share Analysis
14.2. Truck Freight Distributors and Customers
14.3. Truck Freight Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DHL Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sinotrans
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GEODIS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. C.H. Robinson
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DB Schenker Logistics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Panalpina
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DSV
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. J.B. Hunt
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nippon Express
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Agility Logistics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. YRC Freight
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hellmann
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. UPS Supply Chain
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sankyu
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kerry Logistics
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. NNR Global Logistics
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Toll Holdings
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Pilot Freight Services
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. MGA international
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Fracht
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
