Freight Trucking Market: By Cargo Type, By Type, By Product, Full Truck Load ), By End User and Geography
Freight Trucking Market: By Cargo Type, By Type, By Product, Full Truck Load ), By End User and Geography
Freight Trucking Market size was valued at US$ 2,832 billion in 2022 and is poised to grow at a significant CAGR of 5.3% from 2023-2029. Heavy-duty trucks are used in freight trucking to transfer products and commodities from one location to another. It is mostly used for transporting large and heavy goods. During the forecast period, the global freight trucking market size is estimated to grow due to increased demand for door-to-door transportation services. The Global freight trucking market is segmented, based on Cargo, into dry/bulk goods, temperature-controlled goods, and hazardous/dangerous goods. Dry/Bulk Goods segment is estimated to occupy the largest share in 2021 and the temperature-controlled goods segment is anticipated to show the highest growth rate with a CAGR of 11.4% during the forecast period, which can be due to the growing demand for pharmaceutical/biopharmaceutical products and healthcare products, which require temperature-controlled transportation. Furthermore, rise in industrialization and rapid growth in the construction industry and year-over-year growth in domestic and international trades across the globe are fuel the growth of market. The freight trucking industry is anticipated to increase rapidly due to growth in online retailing business and technological advancements such as GPS tracking, temperature-controlled compartments, and flatbed and load-to-road service. Moreover, rapid industrialization, grow in GDP in developed and developing economies, and transportation infrastructure development are projected to open profitable options for the global freight trucking market.
Study Period
2024-2030Base Year
2023CAGR
5.3%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
The continuous technology improvements are projected to propel the freight trucking market for the forecasting period. Furthermore, the growth of the e-commerce industry has driven businesses in both developing and developed contries to acquire or rent freight trucking services for bulk goods transportation. Furthermore, the COVID-19 epidemic has accelerated the development of online buying and goods delivery to consumers' homes. Companies are attempting to meet this increased customer demand by using freight trucking services to deliver items on schedule. Rapid urbanization, industrialization, growing population, and development in construction sector would also result in increased transportation volumes, propelling the global freight trucking market forward.
The North America freight trucking market has registered the highest revenue share in 2021 and is expected to continue its dominance in the future. Increase in import/export practices in USA and Canada coupled with online shopping and door-to-door services are expected to continue their market domination. Moreover, the Asia Pacific expected to be the fastest expanding region in the market due to development in domestic commerce and retailing, investments in new road infrastructure, and increasing demand for urban last-mile delivery. In addition, rapid growth in GDP across India, China, and Japan also positively impact the revenue of the market over the forecast years.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 2,832 billion |
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Market CAGR |
5.3% |
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By Cargo Type |
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By Type |
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By Product Type |
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By End User |
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By Region |
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The freight trucking market size was valued at US$ 2,832 billion in 2022.
The key segments covered in the restless leg’s syndrome market are technology, components, application, and end-users.
The freight trucking market key players P.Moller Maersk, Canadian National, CEVA Logistics, CMA CGM, DB SCHENKER, Deutsche Post, DHL Paket GmbH, Estes Express Lines, FedEx Corporation, Kuehne + Nagel, Nippon Express Co Ltd, R+L Carriers, Saia Motor Freight Line, SNCF Geodis, Swift Transportation, TNT Holding B.V, UPS Freight, XPO Logistics, Yamato Holdings Co Ltd, YRC Worldwide Inc
| 1.Executive Summary |
| 2.Global Freight Trucking Market Introduction |
| 2.1.Global Freight Trucking Market - Taxonomy |
| 2.2.Global Freight Trucking Market - Definitions |
| 2.2.1.Cargo Type |
| 2.2.2.Type |
| 2.2.3.Product Type |
| 2.2.4.End User |
| 2.2.5.Region |
| 3.Global Freight Trucking Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Freight Trucking Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Freight Trucking Market By Cargo Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Dry/Bulk Goods |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Temperature Controlled Goods |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Hazardous/Dangerous Goods |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Freight Trucking Market By Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Flatbed Truck |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Closed Box & Refrigerated |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Curtain Side |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Freight Trucking Market By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. Low To Medium Truck Load (LTL) |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Full Truck Load (FTL) |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8.Global Freight Trucking Market By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Consumer Goods |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Hi-Tech |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Oil & Gas |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Pharmaceutical & Healthcare |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Chemicals |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Food & Beverages |
| 8.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.6.3. Market Opportunity Analysis |
| 8.7. Others |
| 8.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.7.3. Market Opportunity Analysis |
| 9.Global Freight Trucking Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Freight Trucking Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Cargo Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Dry/Bulk Goods |
| 10.1.2.Temperature Controlled Goods |
| 10.1.3.Hazardous/Dangerous Goods |
| 10.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Flatbed Truck |
| 10.2.2.Closed Box & Refrigerated |
| 10.2.3.Curtain Side |
| 10.3. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Low To Medium Truck Load (LTL) |
| 10.3.2.Full Truck Load (FTL) |
| 10.4. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Consumer Goods |
| 10.4.2.Hi-Tech |
| 10.4.3.Oil & Gas |
| 10.4.4.Pharmaceutical & Healthcare |
| 10.4.5.Chemicals |
| 10.4.6.Food & Beverages |
| 10.4.7.Others |
| 10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Freight Trucking Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Cargo Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Dry/Bulk Goods |
| 11.1.2.Temperature Controlled Goods |
| 11.1.3.Hazardous/Dangerous Goods |
| 11.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Flatbed Truck |
| 11.2.2.Closed Box & Refrigerated |
| 11.2.3.Curtain Side |
| 11.3. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Low To Medium Truck Load (LTL) |
| 11.3.2.Full Truck Load (FTL) |
| 11.4. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Consumer Goods |
| 11.4.2.Hi-Tech |
| 11.4.3.Oil & Gas |
| 11.4.4.Pharmaceutical & Healthcare |
| 11.4.5.Chemicals |
| 11.4.6.Food & Beverages |
| 11.4.7.Others |
| 11.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12.Asia Pacific (APAC) Freight Trucking Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Cargo Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Dry/Bulk Goods |
| 12.1.2.Temperature Controlled Goods |
| 12.1.3.Hazardous/Dangerous Goods |
| 12.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Flatbed Truck |
| 12.2.2.Closed Box & Refrigerated |
| 12.2.3.Curtain Side |
| 12.3. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Low To Medium Truck Load (LTL) |
| 12.3.2.Full Truck Load (FTL) |
| 12.4. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Consumer Goods |
| 12.4.2.Hi-Tech |
| 12.4.3.Oil & Gas |
| 12.4.4.Pharmaceutical & Healthcare |
| 12.4.5.Chemicals |
| 12.4.6.Food & Beverages |
| 12.4.7.Others |
| 12.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Freight Trucking Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Cargo Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Dry/Bulk Goods |
| 13.1.2.Temperature Controlled Goods |
| 13.1.3.Hazardous/Dangerous Goods |
| 13.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Flatbed Truck |
| 13.2.2.Closed Box & Refrigerated |
| 13.2.3.Curtain Side |
| 13.3. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Low To Medium Truck Load (LTL) |
| 13.3.2.Full Truck Load (FTL) |
| 13.4. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Consumer Goods |
| 13.4.2.Hi-Tech |
| 13.4.3.Oil & Gas |
| 13.4.4.Pharmaceutical & Healthcare |
| 13.4.5.Chemicals |
| 13.4.6.Food & Beverages |
| 13.4.7.Others |
| 13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Freight Trucking Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 14.1. Cargo Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Dry/Bulk Goods |
| 14.1.2.Temperature Controlled Goods |
| 14.1.3.Hazardous/Dangerous Goods |
| 14.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Flatbed Truck |
| 14.2.2.Closed Box & Refrigerated |
| 14.2.3.Curtain Side |
| 14.3. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Low To Medium Truck Load (LTL) |
| 14.3.2.Full Truck Load (FTL) |
| 14.4. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Consumer Goods |
| 14.4.2.Hi-Tech |
| 14.4.3.Oil & Gas |
| 14.4.4.Pharmaceutical & Healthcare |
| 14.4.5.Chemicals |
| 14.4.6.Food & Beverages |
| 14.4.7.Others |
| 14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.P.Moller Maersk |
| 15.2.2.Canadian National |
| 15.2.3.CEVA Logistics |
| 15.2.4.CMA CGM |
| 15.2.5.DB SCHENKER |
| 15.2.6.Deutsche Post |
| 15.2.7.DHL Paket GmbH |
| 15.2.8.Estes Express Lines |
| 15.2.9.FedEx Corporation |
| 15.2.10.Kuehne + Nagel |
| 15.2.11.Nippon Express Co Ltd |
| 15.2.12.R+L Carriers |
| 15.2.13.Saia Motor Freight Line |
| 15.2.14.SNCF Geodis |
| 15.2.15.Swift Transportation |
| 15.2.16.TNT Holding B.V |
| 15.2.17.UPS Freight |
| 15.2.18.XPO Logistics |
| 15.2.19.Yamato Holdings Co Ltd |
| 15.2.20.YRC Worldwide Inc |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
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