The global truck transport market is expected to grow from $1429.2 billion in 2020 to $1574.6 billion in 2021 at a compound annual growth rate (CAGR) of 10.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.The market is expected to reach $2132 billion in 2025 at a CAGR of 8%.
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The truck transport market consists of sales of truck transportation services and related goods by entities (organizations, sole traders and partnerships) that provide over-the-road transportation of cargo using motor vehicles, such as trucks and tractor-trailers.This market does not include household and office goods transportation services.The truck transport market is segmented into general freight trucking and specialized freight trucking.
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The truck transport market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the truck transport market are ..Robinson; J..Hunt Transport Services; YRC Freight; Swift Transportation; Landstar.
The global truck transport market is segmented –
1) By Type: General Freight Trucking, Specialized Freight Trucking
2) By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Others
3) By Size: Heavy Trucks, Medium Trucks, Light Trucks
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The truck transport market report describes and explains the global truck transport market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The truck transport report evaluates the market across each region and for the major economies within each region.
The countries covered in the global truck transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global truck transport market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Truck Transport Market Characteristics
- Truck Transport Market Product Analysis
- Truck Transport Market Supply Chain
- Key Mergers And Acquisitions In The Truck Transport Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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