Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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.
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.
Please Choose One of them.