The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Growth and Size

• 2023 Market Size: $210.58 billion
• 2024 Market Size: $225.98 billion
• CAGR (2023-2024): 7.3%
• Key Drivers:
  • Growth of the timber industry
  • Expansion of logging and lumber mills
  • Increased demand for wood products
  • Infrastructure development

Future Market Projections

• 2028 Market Size: $295.02 billion
• CAGR (2024-2028): 6.9%
• Key Drivers:
  • Sustainable logging practices
  • Stricter environmental regulations
  • Technological advancements in trucking
  • Rise in biomass and bioenergy usage

Read The Full Forest Products Trucking Market Report Here:

https://www.thebusinessresearchcompany.com/report/forest-products-trucking-global-market-report

Major Trends

• Sustainability and Certification: Increased focus on sustainable forestry and certification of forest products.
• E-Commerce and Online Marketplaces: Growth of online platforms facilitating the sale and transport of timber products.
• Timber Theft Prevention: Implementation of technologies and measures to prevent timber theft.
• Forest Road Management: Enhanced management and maintenance of forest roads to support trucking operations.

Rising Demand for Wood-Based Raw Materials

• Demand Drivers: Pulp and paper, wood-based panels, and chemical products.
• Example:
  • In 2021, 92% of newly constructed homes in the US were framed with wood.
  • 895,000 wood-framed homes were completed in 2021, an 8% increase from 2020.
• Impact: Increased demand for wood-based raw materials boosts the forest products trucking market.

Major Companies

• Key Players:
  • Good Logistics
  • Timber Products Company
  • Fr. Meyer’s Sohn (GmbH & Co.) KG
  • JB Hunt Transport Services Inc.
  • Knight Transportation
  • CRST International
  • Leavitt’s Freight Service
  • Anderson Trucking Service Inc.
  • Mercer Transportation
  • Prime Inc.

Electric Timber Trucks: A Green Innovation

• Trend: Development of electric trucks for the forest products trucking market.
• Example:
  • In August 2022, Svenska Cellulosa AB (SCA) and Scania developed an electric timber truck with a capacity of 80 tons.
  • This truck represents a significant step towards reducing carbon emissions and achieving a fossil-free society.

Knight-Swift’s Acquisition of AAA Cooper

• Details:
  • In July 2021, Knight-Swift Transportation acquired AAA Cooper for $1.3 billion.
  • This acquisition expands Knight-Swift’s freight handling and geographic capabilities.
  • AAA Cooper specializes in transporting wood and other forest products.

Market Segmentation

• By Type:
  • Log Transport
  • Chip Transport
• By Size:
  • Heavy Trucks
  • Medium Trucks
  • Light Trucks
• By Applications:
  • Oil & Gas
  • Industrial & Manufacturing
  • Energy & Mining
  • Food & Beverages
  • Pharmaceuticals & Healthcare
  • Other Applications

Regional Insights

• Largest Region (2023): Asia-Pacific
• Key Factors:
  • Growing industrial activities
  • Expansion of forestry and logging operations
  • Increasing demand for wood-based products

The forest products trucking market is on a robust growth trajectory, driven by the rising demand for wood-based raw materials and technological advancements in trucking. With a focus on sustainability, certification, and innovative electric truck solutions, the market is poised for significant expansion in the coming years. Major industry players continue to adapt to evolving market dynamics, ensuring steady growth and development.

Get A Free Sample On The Global Forest Products Trucking Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=3504&type=smp

The Forest Products Trucking Global Market Report 2024  provides an overview of the forest products trucking market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The forest products trucking market forecast analyzes forest products trucking market size, forest products trucking market share, leading competitor and their market positions.

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