Global Specialized Freight Trucking Market Size, Forecasts, And Opportunities
Learn about the global specialized freight trucking market through The Business Research Company, which provides information on specialized freight trucking market size, specialized freight trucking market drivers and restraints, specialized freight trucking market players, the COVID-19 impact on the specialized freight trucking market, and more.
The global specialized freight trucking market size is expected to grow from $889.89 billion in 2021 to $980.49 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The specialized freight trucking market is then expected to grow to $1,381.77 billion in 2026 at a CAGR of 9%.
The specialized freight trucking services market growth is aided by stable economic growth forecasted in many developed and developing countries.
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The specialized freight trucking market consists of sales of specialized freight trucking services and related goods by entities (organizations, sole traders, and partnerships) that provide over-the-road transportation of household and office goods.
Global Specialized Freight Trucking Market Segments Include:
By Type: Automobiles and Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Goods
By Application: Oil and Gas, Industrial and Manufacturing, Energy and Mining, Food and Beverages, Pharmaceuticals and Healthcare, Others
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 was the largest region in the specialized freight trucking market in 2021.
Truck transportation companies are widely using collision mitigation technology to reduce loss of lives and damages associated with accidents. Collision mitigation system detects the impending strike and alerts the driver about any collision. These systems are installed within the vehicle and in case of an imminent accident, they can take an action automatically without the driver’s input. These systems are becoming standard inbuilt feature on many new trucks in many countries globally.
TBRC’s specialized freight trucking market report covers:
Major Market Players: Cargill Incorporated, Toyota Motor Corp, FedEx Corporation, Energy Transfer Partners LP, Thyssenkrupp AG, Plains GP Holdings
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 (2016-21) and ten years forecast (2022-2026-2031)
The Specialized Freight Trucking Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides specialized freight trucking market overviews, analyzes and forecasts market size, share, specialized freight trucking market players, specialized freight trucking market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s specialized 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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