Global Freight Trucking Market is growing at a CAGR of 7.0% during the forecast period
Increasing urbanization and rise in the trade volume and rising popularity of online shopping are the major factors propelling the market growth. However, underdeveloped infrastructure in the emerging countries is hampering the market growth.
A freight truck, also referred as a heavy-duty vehicle, is used to transfer goods from one place to another. It is extensively used in logistics services and is very ideal for off-road driving. Highly developed and high-powered engine freight trucks can effortlessly transport bulk load.
Based on the end user, the industrial & manufacturing segment is going to have a lucrative growth during the forecast period due to a rise in the demand for better infrastructure and development of new industries especially in developing countries.
By geography, Asia Pacific is estimated to have a lucrative growth due to high volume of freight transport in China. Development of road & transport network and cross-country trade over the years is expected to additionally drive the freight trucking market in the region.
Some of the key players profiled in the Freight Trucking Market include Cargo Carriers, Ceva Holdings, Concargo Private Limited, FedEx Corporation, Interlogix Privated Limited, Kuehne+Nagal Incorporated, Procet Freight, Swift Transportation, Transtech, Tuma Transport, United Parcel Service, Werner Enterprise, A.P.Moller Maersk, CEVA Logistics, and Nippon Express Co., Ltd.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019 2020, 2024, and 2027