The Global General Freight Trucking Market Report by The Business Research Company covers general freight trucking market drivers and restraints, general freight trucking market size, major players, and the impact of COVID-19 on the general freight trucking market.
The general freight trucking market consists of sales of general freight trucking services and related goods by entities (organizations, sole traders and partnerships) that provide general freight trucking services. Establishments in the general freight trucking industry handle a wide variety of commodities, generally palletized, and transported in a container or van trailer. They also provide network activities such as local pickup, local sorting and terminal operations, line hauling, destination sorting and terminal operations, and local delivery.
The entry of automated vehicles with high-tech safety measures, cameras, radar, and Lidar sensors guiding the way, companies are able to save money through less fuel and more frequent schedules.
The global general freight trucking market is expected to grow from $648.4 billion in 2020 to $727.11 billion in 2021 at a compound annual growth rate (CAGR) of 12.1%. 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 $997.35 billion in 2025 at a CAGR of 8%.
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Some general freight trucking market trends include the entry of automated vehicles. With high-tech safety measures, cameras, radar, and Lidar sensors guiding the way, companies are able to save money through less fuel and more frequent schedules.
Global general freight trucking market segments include:
1) By Type: Local General Freight Trucking, Long-Distance General 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.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global general freight trucking market, accounting for 33% of the market.
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The General Freight Trucking Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides general freight trucking market overviews, analyzes and forecasts market size, share, general freight trucking market players, general freight trucking market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The general freight trucking market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read General Freight Trucking Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Schneider national, Landstar, Swift Transportation, J B Hunt Transport Services, YRC Worldwide.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The General Freight Trucking Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The General Freight Trucking Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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