Truck Transport Market
Transportation Services

Global Truck Transport Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Truck Transport Market Report by The Business Research Company covers truck transport market drivers and restraints, truck transport market size, major players, and the impact of COVID-19 on the truck transport market.

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.

 

The truck transportation market growth is aided by stable economic growth forecasted in many developed and developing countries.

 

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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Some truck transport market trends include fleet regionalization being widely adopted by truck transportation companies to reduce operational costs and increase transportation efficiencies. As a result, companies involved in the truck transportation business are gradually shifting their services from international and national level to the regional level. Regionalization of fleets enables truck transportation companies to increase operational efficiencies and reduce costs, improves driver and truck turnaround time. Major advantages of fleet regionalization include increased ports of entry, intermodal system capabilities and shorter travel distances.


Global truck transport market segments include:

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.

Subsegments Covered: Local General Freight Trucking, Long-Distance General Freight Trucking, Automobiles And Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Goods.

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 accounts for the largest global truck transport market share.

Read More On The Truck Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:

https://www.thebusinessresearchcompany.com/report/truck-transport-global-market-report-2020-30-covid-19-impact-and-recovery

 

The Truck Transport 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 truck transport market overviews, analyzes and forecasts market size, share, truck transport market players, truck transport market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The truck transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Truck Transport 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: C.H. Robinson, J.B. Hunt Transport Services, YRC Freight, Swift Transportation, Landstar.

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 Truck Transport 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 Truck Transport Sector:
The report reveals where the global industry will put on most $ sales up to 2023.


Interested to know more about The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx


Here is a list of reports from The Business Research Company similar to the Truck Transport Global Market Report 2021:

Truck Transportation Global Market Report 2020 – By Type (General Freight Trucking, Specialized Freight Trucking Local General Freight Trucking, Long-Distance General Freight Trucking, Automobiles And Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Goods)

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