The global Freight Trucking market is anticipated to grow at a significant CAGR of 5.3% during the forecast period. One of the primary factors contributing towards the growth of the market is the growing culture of online shopping. As per the U.S. Bureau of the Census retrieved from FRED, Federal Reserve Bank of St. Louis, the e-commerce retail sales of U.S. has been increasing consistently, and it had 13% of retail sales’ market at the time of 3rd quarter of 2021, which was around 13.8% in the 3rd quarter of 2020 and 10.9% in the 3rd quarter of 2019. Additionally, rapid expansion of fast-moving consumer products is also acting as another factor that is supporting the growth of the market.
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The global freight trucking market is segmented based on the vehicle type, cargo type, and end-user. Based on the vehicle type, the market is segmented into light commercial vehicles and heavy commercial vehicles. Based on the cargo type, the market is sub-segmented into dry bulk, liquid bulk, and refrigerated products. Based on the end-user, the market has been segmented as industrial manufacturing, oil & gas industries, construction & mining industries, and others. The others type of segment includes chemical industries, agriculture industries, and food & beverages industries. Based on the cargo type, the dry bulk segment is expected to grow with the highest rest during the forecast period due to the continuous expansion of the manufacturing industries which has increased the demand in the freight trucking market globally.
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Global Freight Trucking Market Segmentation
By Vehicle Type
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Cargo Type
- Dry Bulk
- Liquid Bulk
- Refrigerated Products
By End-User
- Industrial Manufacturing
- Oil & Gas industries
- Construction & Mining industries
- Others (Chemical Industries, Agriculture Industries, and Food & Beverages Industries)
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- P. Moller Maersk
- BDP International, Inc.
- Canadian National Railway Co.
- CEVA
- CMA CGM
- DB SCHENKER
- Estes Express Lines
- Expeditors International of Washington, Inc
- Kuehne + Nagel
- Nippon Express Co., Ltd.
- R+L Carriers,Inc.
- Saia LTL, Inc.
- SNCF Group
- Swift Transportation
- XPO Logistics Inc.
- Yellow Corp.
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