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The specialized freight trucking market size has grown strongly in recent years. It will grow from  $1084.05 billion in 2023 to $1179.18 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%.  The growth in the historic period can be attributed to surge in oil and gas exports, strong economic growth in emerging markets, increased production and consumption of chemicals, and low interest rate environment. The specialized freight trucking market size is expected to see strong growth in the next few years. It will grow to  $1617.37 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.  The growth in the forecast period can be attributed to rising demand for raw materials from the manufacturing industries and rising urbanization will drive the market growth. Major trends in the forecast period include rising demand for raw materials from the manufacturing industries and rising urbanization will drive the market growth.

The specialized freight trucking market’s growth is bolstered by the stable economic growth anticipated in both developed and developing countries. According to the International Monetary Fund (IMF), the global GDP growth is projected to be 3.3% in 2020 and 3.4% in 2021. This positive economic outlook is further supported by recovering commodity prices after a significant historical decline. Developed economies are poised for stable growth, while emerging markets are anticipated to outpace developed markets slightly during the forecast period. This stable economic growth is expected to stimulate investments in end-user markets, acting as a driving force for the specialized freight trucking market. As of 2028, the market continues to benefit from the sustained economic growth projected for both developed and developing nations.

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What Are The Key Trends That Influence Specialized Freight Trucking Market Share Analysis?

Truck transportation companies are extensively implementing collision mitigation technology to minimize accidents and associated damages. These systems detect potential collisions and alert the driver, with some models capable of automatic intervention without driver input. Collision mitigation systems are becoming standard in new trucks across many countries. For example, the US Department of Transportation data indicates that twenty automakers committed to equipping nearly all new passenger vehicles with low-speed AEB systems by 2022, potentially preventing around 2,000 crashes annually. Major manufacturers of these systems include Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., and General Electric Company.

Which Market Players Are Driving Growth In The Specialized Freight Trucking Market?

Major companies operating in the market are FedEx Corporation, Plains GP Holdings, Energy Transfer Partners LP, A.P. Møller-Mærsk A/S, Cargill, Incorporated, Saia, Inc, XPO logistics, Knight-Swift Transportation Holdings Inc., Deutsche Post DHL Group, Toyota Motor Corp, Spice Logistics Private Limited, Freight Mart Logistics, Prime Transport Corporation, OM Logsitcs Limited, Jiangsu Kunyue Logistics Co Ltd, Kunshan Yunda Express Co Ltd, Changsha Sitong Moving Transport Co Ltd, Ningbo Jinxing Logistics Co Ltd, Sichuan Wangcang County Transport Co Ltd, Shanghai Ruiqiang Logistics Co Ltd, Shanghai Taizhi Carbon Co Ltd, Tianjin Jinshi Wukuang International Logistics Co Ltd, InstaFreight GmbH, Haberling, Simco Trans GmbH, Fixemer Real Estate, Kahmen TransCargo GmbH, House of Logistics and Mobility, AW Transport & Logistics GmbH, Livchem Logistics GmbH, DHL Express, TNT Expressare, Spares, Pavages J.M. Beaulieu Inc Les, Smart Move Facilities Services Inc, Blackmine Outfitters Trucking Ltd, J & S Services Inc, R & C Weare Logging Ltd, N. W. White & Company, Bayshore Transportation System Inc, Benny Whitehead Inc, Koleaseco Inc, Harper Investments Inc, Pemex Logística E.P.S, Frialsa Frigoríficos S.A. de C.V, Bravo Servicos Logisticos Ltda, Ic Transportes Ltda, Transportes Transvidal Ltda, Transportes Della Volpe Sa Comercio E Industria, Liderbras Logistica E Transportes Ltda, Wellfield Services Limitada, Frigorifico Novara SA, Organizacion Coordinadora Argentina SRL, Luis A. Carrizo Y Cia. SRL, Oilmar Shipping and Chartering DMCC, Tri Star Transport, International Marine & Energy DMCC, Bin Jaraa General Transporting, Contracting & General Maintenance Company, The National Coal Supply Corporation LTD, Fridenson Logistic Services Ltd, Challenge Airlines (IL) Ltd, Saudi Ground Services Co, Al Kathiri Holding Company, Dammam Airports Company, Alpha Omega International Trading CC, Auto Carrier Corp, FPT Group (Pty) Ltd, Vhubs, Standard Vulcanizer, LTD Commodities

How Is The Global Specialized Freight Trucking Market Segmented?

The specialized freight trucking market covered in this report is segmented –

1) By Type: Automobiles And Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Goods
2) By Size: Heavy Trucks, Medium Trucks, Light Trucks
3) By Application: Oil and Gas, Industrial and Manufacturing, Energy and Mining, Food and Beverages, Pharmaceuticals and Healthcare, Other Applications

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

The Table Of Content For The Specialized Freight Trucking Market Include

1. Specialized Freight Trucking Market Executive Summary
2. Specialized Freight Trucking Market Segments
3. Specialized Freight Trucking Market Size And Template Market Growth Rate
4.  Key Specialized Freight Trucking Market Trends
5. Major Specialized Freight Trucking Market Drivers
……
25. Key Mergers And Acquisitions In The Specialized Freight Trucking Market
26. Top Specialized Freight Trucking Companies
27. Specialized Freight Trucking Market Opportunities And Strategies
28. Specialized Freight Trucking Market, Conclusions And Recommendations
29. Appendix

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