Freight Trucking Market Overview:
Transporting goods from one place to another is the job of a freight truck, also called a heavy-duty vehicle. It is widely used for off-road driving and is ideal for logistics services. Trucks with advanced and powerful engines can transport bulk loads easily. The semi-trailer truck, straight truck, jumbo truck, tail-lift truck, truck trailer, and flatbed truck can all be further categorized into six types. Therefore, its benefits will drive growth in the freight trucking market over the forecast period. Growth in the e-commerce market has been attributed to a rise in the number of people using the internet, where everything is only a few clicks away. Customers have been drawn to the e-commerce market, which has boosted the growth of the transportation market since the products are sent by these means. Accordingly, the freight trucking market is also expected to grow along with the significant growth of the online retailing market. New truck models with improved cargo space and technologies are currently being launched by truck manufacturers. Several truck manufacturers utilize advanced technologies to enhance their vehicles’ performance and functionality. Increased demand for freight trucks has also prompted freight trucking manufacturers to invest in technology. The transportation and logistics industries have continued to grow in technology. With truck manufacturers continuing to roll out new models with improved cargo space and technology, technological advances are expected to propel the growth of the freight trucking market. The performance and functionality of trucks are being enhanced by advanced technologies increasingly employed by truck manufacturers. Freight trucking manufacturers have been compelled to integrate new tracking technologies after a surge in demand for order tracking in the market.
The automotive industry has made some monumental transitions with its integration with AI, machine learning and Internet of Things (IoT). The logistics ecosystem has grown into an intelligent entity which has helped companies provide optimized real-time solutions through remote locations. This has also turned centralization of flow tracking into a possible scenario. Moreover, the advent of AI has assisted in efficiently managing traffic congestions and accidents which has further boosted the proliferation of the transportation industry worldwide. Predictive analysis and big data help in tackling the disruptions in the shipping and transportation systems while also revolutionising logistical analysis and other fields of business.
The Freight Trucking Market is evaluated based on factors such as competitive analysis of the progress of emerging players and new entrants, the business expansion policies of key players, the financial and opportunity analysis of market players. The Freight Trucking Market is also analysed based on the product type or technique, regional segmentation, end user spectrum, etc. This research will be conducted with the implementation of latest market research methodologies which shall help organizations understand the overall market scenario and strategize accordingly.
Major players included in the Freight Trucking Market:
• Yellow Corporation
• Estes Express Lines
• XPO Logistics
• CEVA Logistics
• CMA CGM S.A.
• Kuehne + Nagel International AG
• Nippon Express Co., Ltd.
• Saia Inc.
• SNCF Group
• ArcBest
(Note: The list of the major players will be updated with the latest market scenario and trends)
Freight Trucking Market Segmentation:
By Vehicle Type
• Light Commercial Vehicles
• Medium Commercial Vehicles
• Heavy Commercial Vehicles
By Cargo Type
• Dry Bulk
• Liquid Bulk
• Refrigerated Products
By End Use
• Industrial & Manufacturing
• Oil & Gas
• Construction & Mining
• Chemicals & Agri-Products
• Food & Beverages
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Freight Trucking Market Competitive Analysis:
• Tier-1 Players
• Tier-2 Players
• Emerging Players
• New Entrants
Future Market Analytics Focus Points:
• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix
Objectives of the Study:
• To provide a comprehensive analysis on the Freight Trucking Market By Vehicle Type, By Cargo Type, By End Use and By Region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities,)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
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enquiry@futuremarketanalytics.com
