Global General Freight Trucking Market Size 2024, Forecast To 2033
11 Mar, 2024
The general freight trucking market size has witnessed strong growth, increasing from $964.36 billion in 2023 to $1058.22 billion in 2024, with a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period is attributed to the increase in oil and gas exports, growing government support, and expansion in the healthcare industry. Projected strong growth in the forecast period is expected to reach $1502.83 billion in 2028 at a CAGR of 9.2%. The growth in the forecast period can be linked to growing e-commerce sales, rising demand for food products, increasing demand for raw materials from manufacturing industries, and rising urbanization. Major trends in the forecast period include truck platooning for efficient and economical operations, the use of artificial intelligence (AI) in trucks, IoT (Internet of Things) in trucks, fleet management software, and strategic partnerships and collaborations.
Global General Freight Trucking Market Key Driver
The rise in the utilization of telematics within the automotive sector is expected to drive the growth of the general freight trucking market. Telematics, an amalgamation of telecommunications and informatics, involves the use of communication and information technology for data exchange between devices and remote objects over a network. This technology has become indispensable in the trucking and transportation industries, offering fleet managers vital data about vehicles and drivers. In January 2021, Mix Telematics launched MyMiX Tracking, an app-based tracking solution designed to enhance driver safety and risk management through real-time monitoring. This GPS fleet tracking solution, accessible through a mobile app, empowers drivers to self-correct unsafe driving habits. Consequently, the increased adoption of telematics in the automotive sector is anticipated to propel the growth of the general freight trucking market. The market size for general freight trucking is expected to witness significant expansion in 2024 and continue to grow in 2028.
Get A Free Sample Of The Global General Freight Trucking Market ReportGlobal General Freight Trucking Market Segments
The general freight trucking market covered in this report is segmented –
1) By Type: Local General Freight Trucking, Long-Distance General Freight Trucking
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
By Geography:The regions covered in the general freight trucking market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
Asia-Pacific was the largest region in the general freight trucking market in 2023. North America was the second largest region in the general freight trucking market. The regions covered in the general freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major General Freight Trucking Industry Players
United Parcel Service, Inc, Deutsche Post AG, FedEx Corporation, C.H. Robinson Worldwide, Inc, J.B. Hunt Transport Services, XPO Logistics, Inc., Ceva Logistics AG,, Landstar System, Inc, A.P. Moller – Maersk, Standard Vulcanizers, Freight Mart Logistics, Prime Transport Corporation, OM Logsitcs Limited, Wellfield Services Limitada, Doyun Logistics Co., Ltd., GKR Transport, Australian Container Freight Services, Jiangsu Kunyue Logistics Co Ltd, Kunshan Yunda Express Co Ltd, Changsha Sitong Moving Transport Co Ltd, Ningbo Jinxing Logistics Co Ltd, Simco Trans GmbH, Shanghai Ruiqiang Logistics Co Ltd, Sichuan Wangcang County Transport Co Ltd, Beijing Keyun Logistics Co Ltd, TNT Expressare, InstaFreight GmbH, Haberling, Smart Move Facilities Services Inc, Fixemer Real Estate, Kahmen TransCargo GmbH, House of Logistics and Mobility, AW Transport & Logistics GmbH, Livchem Logistics GmbH, DHL Express, Transportes Della Volpe Sa Comercio E Industria, Spice Logistics Private Limited, Pavages J.M. Beaulieu Inc, Les, Spares, 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, Tri Star Transport, Transportes Transvidal Ltda, Liderbras Logistica E Transportes Ltda, Xiamen C&D, Oilmar Shipping and Chartering DMCC, UB Freight Australia Pty LTD, International Marine & Energy DMCC, Bin Jaraa General Transporting, Contracting & General Maintenance Company, Tianjin Jinshi Wukuang International Logistics Co Ltd, Reinhardt Transport (Pty) Ltd, The National Coal Supply Corporation LTD, Alpha Omega International Trading Cc, Autocarrier Transport, Fpt Group (Pty) Ltd, Super Group Freight, Atteridgeville Bus Service (Pty) Ltd
Get The Full Global General Freight Trucking Market Report
General Freight Trucking Market Overview
General freight trucking refers to a mode of transportation that provides general freight trucking services. Establishments in the general freight trucking industry handle a wide variety of commodities, generally palletized and transported in a container or van trailer, and network activities such as local pickup, local sorting, and terminal operations; line hauling; destination sorting and terminal operations; and local delivery.
General Freight Trucking Global Market Report 2023 provides data on the global general freight trucking market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The general freight trucking market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.