Learn about the global truck transport market through The Business Research Company, which provides information on truck transport market size, truck transport market drivers and restraints, truck transport market players, the COVID-19 impact on the truck transport market, and more.

The global truck transport market size is expected to grow from $1,663.34 billion in 2021 to $1,833.94 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The truck transport market is expected to then grow to $2,594.36 billion in 2026 at a CAGR of 9.1%.

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

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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.

Global Truck Transport Market Segments Include:

By Type: General Freight Trucking, Specialized Freight Trucking

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

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 was the largest region in the truck transport market in 2021.

Fleet regionalization is 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 levels to the regional level. Regionalization of fleets enables truck transportation companies to increase operational efficiencies and reduce costs, improving driver and truck turnaround time. Major advantages of fleet regionalization include increased ports of entry, intermodal system capabilities, and shorter travel distances.

TBRC’s truck transport market report covers:

Major Market Players: Xiamen C&D, Cargill Incorporated, FedEx Corporation, United Parcel Service Inc., Toyota Motor Corp, C.H. Robinson Worldwide Inc, XPO Logistics Inc., J. B. Hunt Transport Services, A.P. Møller-Mærsk A/S, and YRC Worldwide Inc.

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

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

Here Is A List Of Similar Reports From The Business Research Company:

Heavy Trucks Global Market Report 2022

Specialized Freight Trucking Global Market Report 2022

General Freight Trucking Global Market Report 2022

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