Sunday, 19 September 2021 11:43 GMT

Freight Trucking Market Share, Growth Opportunity, by type, end user, distance and cargo type and Regional Analysis to 2027 - Market Trends & Business Updates


(MENAFN - VMR News) The increasing manufacturing activity and more lavish retail spending globally are the major factors driving the freight trucking market over the forecast time frame. In addition to that, augmented global trade, need to control time-in-transit, growth in freight visibility solutions, and technological advancements in freight security, safety, and transportation solutions, are other factors that contribute to the development of the freight trucking market. Also, expansion in communications technologies and the high adoption of IoT globally are positively impacting the market growth. Moreover, the increasing trade volumes in the coming next five years are expected to raise shipments to and from US ports, thus need more trucking companies to move goods across the countries. It can be viewed as a lucrative opportunity in freight trucking the market.

The major players in the freight trucking market include Procet Freight, Transtech Logistics, Kuhne+Nagel Inc., Interlogix Pty. Ltd., Swift Transport, Tuma Transport, Ceva Holdings LLC, FedEx Corporation, United Parcel Service Inc., Cargo Carriers Limited, A.P.Moller Maersk, Canadian National, CMA CGM, Deutsche Post, XPO Logistics, Yamato Holdings Co., Ltd.

By Type

  • Lorry Tank
  • Truck Trailer
  • Refrigerated Truck
  • Flat Bed Truck

By End User

  • Oil & Gas
  • Industrial & Manufacturing
  • Defense
  • Energy & Mining
  • Chemicals
  • Pharmaceuticals & Healthcare
  • Food & Beverages

By Distance

  • 50 Miles or Less
  • 51 Miles to 100 Miles
  • 101-200 Miles
  • 201-500 Miles
  • Above 501 Miles

By Cargo Type

  • Dry Bulk Goods
  • Oil & Diesel
  • Postal
  • Other

The freight trucking market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Source:

Naira Shekhawat

Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.

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