Freight Trucking Market

28 Feb

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Freight Trucking Market Poised to Grow at a CAGR of 6.0% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Freight Trucking Market. The report presents analysis of global as well as regional markets of freight trucking market over the period of 2018 to 2024. 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 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 the 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, the 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 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 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. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global freight trucking market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global freight trucking market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1693

 

The recent report identified that Asia Pacific dominated the global freight trucking market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the freight trucking market worldwide.

 

The report segments the global freight trucking market on the basis of Cargo Type, Type and End User.

 

Global Freight Trucking Market by Cargo Type

·         Oil and Diesel

·         Dry Bulk Goods

·         Postal

·         Others

 

Global Freight Trucking Market by Type

·         Truck Trailer

·         Flatbed Truck

·         Lorry Tank

·         Refrigerated Truck

 

Global Freight Trucking Market by End User

·         Industrial and Manufacturing

·         Oil and Gas

·         Energy and Mining

·         Defence

·         Chemicals

·         Pharmaceutical and Healthcare

·         Food and Beverages

 

Companies Profiled in the Report

·         Procet Freight

·         Transtech Logistics

·         Kuhne+Nagel Inc.

·         Interlogix Pty. Ltd.

·         Swift Transport

·         Tuma Transport

·         Ceva Holdings LLC

·         FedEx Corporation

·         United Parcel Service Inc.

·         Cargo Carriers Limited

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.