2024-2033 Long-Distance General Freight Trucking Market Outlook: Unlocking Growth Potential
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What is the Expected Growth Rate of the Long-Distance General Freight Trucking Market from 2024 to 2033?
The long-distance general freight trucking market size has grown rapidly in recent years. It is expected to increase from $832.99 billion in 2023 to $924.43 billion in 2024, with a CAGR of 11.0%. Growth drivers include the expansion of long-distance trucking, the rise of e-commerce, a shortage of qualified truck drivers, high competition, and strong economic growth in emerging markets.
The long-distance general freight trucking market is projected to grow rapidly, reaching $1,358.38 billion by 2028 at a CAGR of 10.1%. Growth is driven by the need for cost-effective transportation, sustainability focus, and urbanization. Trends include IoT in trucks, truck platooning, and AI integration.
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What Key Factors Are Fueling the Growth of the Long-Distance General Freight Trucking Market?
Growth in manufacturing output across industries is expected to boost the long-distance general freight trucking market. As production increases, the demand for freight transportation grows. For example, in January 2023, Tesla Inc. reported a 40% increase in vehicle deliveries, with over 405,000 vehicles delivered in 2022. Additionally, vehicle production rose by 47% year-on-year to reach 1.37 million units. This growth in manufacturing directly increases trucking needs, driving the long-distance general freight trucking market.
What Are the Major Segments of the Long-Distance General Freight Trucking Market?
1) By Services: Truckload Carriers, Less-than-truckload Carriers, Other Transportation Services
2) By Size: Heavy Trucks, Medium Trucks, Light Trucks
3) By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Other Applications
Sub-Segments
By Activities: General long-distance truckload transit, General long-distance less-than-truckload transit, Logistics planning, Container trucking long-distance, Motor freight trucking long-distance
What New Trends Are Transforming the Long-Distance General Freight Trucking Market?
The adoption of electric trucks is growing in the long-distance freight trucking market, driven by demand from retailers for last-mile deliveries. Amazon, for example, purchased 10 electric trucks from Lion Electric and ordered 100,000 electric delivery vans from Rivian between 2021 and 2024.
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Which Regions Are Driving Growth in the Long-Distance General Freight Trucking Market?
Asia-Pacific was the largest region in the long-distance general freight trucking market in 2023. North America was the second largest region in the long-distance general freight trucking market. The regions covered in the long-distance general freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Long-Distance General Freight Trucking Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the long-distance general freight trucking market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Long-Distance General Freight Trucking Market Include
1. Long-Distance General Freight Trucking Market Executive Summary
2. Long-Distance General Freight Trucking Market Segments
3. Long-Distance General Freight Trucking Market Size And Template Market Growth Rate
4. Key Long-Distance General Freight Trucking Market Trends
5. Major Long-Distance General Freight Trucking Market Drivers
……
25. Key Mergers And Acquisitions In The Long-Distance General Freight Trucking Market
26. Top Long-Distance General Freight Trucking Companies
27. Long-Distance General Freight Trucking Market Opportunities And Strategies
28. Long-Distance General Freight Trucking Market, Conclusions And Recommendations
29. Appendix
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