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Increased mergers and acquisitions will drive the growth of truck transport market in the forecast period, as per The Business Research Company’s truck transport market opportunities and strategies report.

The truck transport market is expected to grow from $1.66 trillion in 2021 to $2.49 trillion in 2026 at a rate of 8.5%. The market is then expected to grow at a CAGR of 7.6% from 2026 and reach $3.60 trillion in 2031.

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Major players in the truck transport market include FedEx Corporation, Knight-Swift Transportation Holdings Inc, XPO Logistics, YRC Worldwide, J.B. Hunt Transport Services, Inc.

Fleet regionalization is being widely adopted by truck transportation companies to reduce operational costs and increase transportation efficiencies.

The Global Truck Transport Market Is Segmented:
By Type – General Freight Trucking (Long-Distance General Freight Trucking, Local General Freight Trucking), Specialized Freight Trucking (Dry Bulk Materials, Automobiles And Heavy Equipment, Forest Products, Refrigerated Goods, Bulk Liquids)

By Size – Heavy Trucks, Medium Trucks, Light Trucks

By Application – Oil And Gas, Industrial And Manufacturing, Energy And Mining, Food And Beverages, Pharmaceuticals And Healthcare, Others

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 truck transport market.

TBRC’s Truck Transport Market Report Covers:

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 Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough truck transport market research, analyzes and forecasts truck transport market size, truck transport market share, truck transport market players, truck transport market trends, truck transport market segmentation 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.

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.

View Similar Reports From The Business Research Company:

Specialized Freight Trucking Global Market Report 2022

Forest Products Trucking Global Market Report 2022

Long-Distance General Freight Trucking Global Market Report 2022

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