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Freight Trucking Market (Cargo Type - Oil and Diesel, Dry Bulk Goods, Postal and Others; Type - Truck Trailer, Flatbed Truck, Lorry Tank, and Refrigerated Truck; End-Use - Industrial and Manufacturing, Oil and Gas, Energy and Mining, Defence, Chemicals, Pharmaceutical and Healthcare and Food and Beverages): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024

  • Published : September, 2018

  • Rep Id : ATUP00047

  • Category : Automotive, Aerospace & Defence

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Freight Trucking Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Freight Trucking Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Freight Trucking Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on freight trucking market provides in-depth analysis of segments and sub-segments in global as well as regional freight trucking market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional freight trucking market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global freight trucking market. According to report, the global freight trucking market is projected to grow at a CAGR of 6.0% over the forecast period of 2018-2024.


Global Freight Trucking Market

 

Market Insight

Freight trucking is the physical process of transporting commodities and merchandise goods. Amongst all the modes, rail and road transport are the most significant modes for freighting. The modal share between these two has changed over the years, from the 80% rail share in 1950-51 to the road share becoming 65% in 2011-12. Road accounts for 86% of the freight transport while the other modes account for 14%. The main advantage of freight transportation is that it can be cheaper than other modes of transportation for short hauls (less than 400 mi, or 640 km). It can also be cheaper for small shipments regardless of distance.

 

Rising the popularity of online shopping and speedy growth in the internet retailing market drives the growth of the freight trucking market. In addition, increasing urbanization and rise in the trade volume has resulted in an increase in the transport volumes. However, underdeveloped infrastructure in emerging countries is likely to restrain the growth of the market. Furthermore, Freight trucks are now equipped with GPS tracking, temperature-controlled compartments, flatbed and load-to-road service, and a variety of additional capabilities. Hence, technological advancements are providing several growth opportunities for the key players in the freight trucking market over the upcoming years.

 

Among the geographies, the Asia Pacific region dominates the global freight trucking market followed by the North America region. The growth in the Asia Pacific region is due to the largest revenue contributing countries such as India China and Japan. China is the manufacturing hub of electronic equipment an components, moreover, this region also houses many OEM manufacturers, owing to China is the major exporter of electronic systems & components and OEM parts. India is also anticipated to become the leading the region in the freight trucking owing to government policy such as Make in India which in turn, can create manufacturing business opportunity in this region. Also, India is a large country with vast sales & distribution network which will eventually help to boost freight trucking business.

 

Segment Covered

The report on global freight trucking market covers segments such as cargo type, type, and end user. On the basis of cargo type, the global freight trucking market is categorized into oil and diesel, dry bulk goods, postal and others. On the basis of type, the global freight trucking market is categorized into truck trailer, flatbed truck, lorry tank, and refrigerated truck. On the basis of end user the global freight trucking market is categorized into industrial and manufacturing, oil and gas, energy and mining, defence, chemicals, pharmaceutical and healthcare, and food and beverages.

 

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2016-2024.

 

Companies Profiled:

The report provides profiles of the companies in the global freight trucking market such as Procet Freight, Transtech Logistics, Kuhne+Nagel Inc., Interlogix Pty. Ltd., Swift Transport, Tuma Transport, Ceva Holdings LLC, FedEx Corporation, United Parcel Service Inc. and Cargo Carriers Limited.

 

Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global freight trucking market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of freight trucking market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the freight trucking market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the freight trucking market to understand the present and future trends in this market and formulate their strategies accordingly.


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