(MENAFN- GlobeNewsWire - Nasdaq) The trucking industry faces promising opportunities in electric truck adoption, with reduced costs and emissions aiding sustainability goals. Expansion into emerging markets like Asia-Pacific and Africa offers growth potential, driven by infrastructure development and growing freight demand.

Dublin, Oct. 14, 2025 (GLOBE NEWSWIRE) -- The "Trucking Market Outlook to 2029" report has been added to ResearchAndMarkets's offering.
The Global Trucking Market was valued at USD 13 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing demand for freight transportation, e-commerce expansion, and the need for efficient supply chain solutions. The rise in global trade and the growing emphasis on logistics optimization have further fueled the market's expansion.

The Global Trucking Market is characterized by intense competition among key players such as J.B. Hunt Transport Services, Inc., Schneider National, Inc., and XPO Logistics, Inc. These companies leverage advanced technologies and extensive networks to enhance operational efficiency and customer service. The market is also witnessing a trend towards consolidation, with larger firms acquiring smaller players to expand their service offerings and geographic reach.

The future of the trucking industry appears promising, driven by ongoing technological advancements and a growing emphasis on sustainability. As electric and alternative fuel vehicles gain traction, companies are likely to invest in greener fleets, aligning with global environmental goals. Additionally, the integration of autonomous driving technology is expected to reshape operational efficiencies, reducing costs and enhancing safety. These trends indicate a transformative period for the trucking sector, positioning it for sustained growth and innovation in the coming years.

Key players in this market include the United States, China, and Germany. The United States dominates due to its extensive road network and high freight volume, while China benefits from its rapid industrialization and manufacturing capabilities. Germany's strong automotive industry and strategic location in Europe also contribute to its significant market presence.
In 2024, the European Union implemented stricter emissions regulations for heavy-duty vehicles, mandating a 15% reduction in CO2 emissions by 2025. This regulation aims to promote the adoption of cleaner technologies in the trucking sector, encouraging companies to invest in electric and hybrid vehicles to comply with the new standards.
Global Trucking Market Industry Analysis

Growth Drivers

Increasing Demand for E-commerce: The surge in e-commerce has fundamentally reshaped the trucking industry by increasing demand for more frequent, shorter-haul deliveries, especially in the last-mile segment. This shift has led to a 37% reduction in average trip lengths for truckers, making local and regional routes more prevalent and appealing, particularly to younger drivers who prefer shorter, centralized trips. The rise of e-commerce has also driven a significant increase in less-than-truckload (LTL) shipping, with 56% of trucking companies expanding their LTL services to handle the growing volume of smaller shipments.
Expansion of Global Trade: Despite recent challenges, global trade volumes have shown resilience, with modest positive growth in trade volumes expected in 2025 even as trade values have experienced some decline. While the value of global merchandise trade contracted by around 5% in 2023, trade in services grew by approximately 8%, reflecting a shift in the composition of international commerce. This evolving trade landscape underscores the increasing complexity and importance of efficient logistics networks.
Technological Advancements: The trucking industry is undergoing a transformation through the widespread adoption of advanced technologies in fleet management and telematics. Innovations such as GPS tracking, real-time data analytics, predictive maintenance, and automated dispatch systems are enabling companies to enhance operational efficiency, reduce fuel consumption, and improve driver safety. These technologies provide actionable insights that help optimize routes, minimize idle times, and proactively address vehicle maintenance issues, thereby lowering overall costs.
Market Challenges
Rising Fuel Prices: The volatility of fuel prices continues to pose a significant challenge for the trucking industry. Fluctuations in diesel costs directly impact operational budgets, as fuel remains one of the largest expenses for trucking companies. These unpredictable shifts can disrupt profit margins and hinder pricing stability. To remain competitive, logistics firms must adopt fuel-efficient practices, leverage route optimization technologies, and explore alternative energy solutions to manage rising expenses effectively.
Driver Shortages: A persistent shortage of qualified drivers is straining the trucking industry's capacity to meet growing demand. The issue is compounded by an aging workforce, demanding schedules, and limited new talent entering the field. This talent gap risks slowing delivery timelines and inflating labor costs. In response, companies are ramping up investments in driver training programs, offering retention incentives, and exploring automation to future-proof operations and sustain service levels.
Market Opportunities

Electric Truck Adoption: The shift towards electric trucks presents a significant opportunity for the trucking industry. With global electric vehicle sales projected to reach 31 million units by 2030, trucking companies stand to benefit from reduced operational costs due to lower fuel and maintenance expenses. Additionally, electric trucks contribute to significant emissions reductions, helping companies meet increasing environmental regulations and sustainability goals.
Emerging Market Expansion: The expansion into emerging markets, particularly in Asia-Pacific and Africa, offers substantial growth potential for trucking companies. Asia-Pacific accounted for approximately 41% of global freight transport in 2023, highlighting the region's critical role in global logistics. Rapid infrastructure development, supported by initiatives like China's Belt and Road and India's manufacturing growth, is enhancing road networks and cross-border connectivity, facilitating more efficient freight movement.

Global Trucking Market Segmentation

By Vehicle Type: The trucking market is segmented into light-duty trucks, medium-duty trucks, and heavy-duty trucks. Among these, heavy-duty trucks dominate the market due to their capacity to transport large volumes of goods over long distances. The increasing demand for freight transportation, particularly in industries such as construction and manufacturing, has led to a surge in heavy-duty truck sales. Additionally, advancements in technology, such as improved fuel efficiency and enhanced safety features, have made heavy-duty trucks more appealing to logistics companies.
By Application: The market is segmented into freight transportation, logistics, and construction. The freight transportation segment holds the largest share, driven by the increasing demand for goods movement across various sectors. E-commerce growth has significantly influenced this segment, as companies seek efficient delivery solutions to meet consumer expectations. Furthermore, the logistics sector is evolving with the integration of technology, enhancing operational efficiency and service quality, which also contributes to the overall market growth.

Global Trucking Market Analysis

Growth Drivers

• Increasing demand for e-commerce and last-mile delivery services
• Expansion of global trade and logistics networks
• Technological advancements in fleet management and telematics

Market Challenges

• Rising fuel prices impacting operational costs
• Regulatory compliance and environmental standards
• Driver shortages and workforce management issues

Opportunities

• Growth in electric and alternative fuel truck adoption
• Integration of autonomous driving technology
• Expansion into emerging markets with infrastructure development

Trends

• Increasing focus on sustainability and green logistics
• Adoption of digital platforms for freight matching and logistics
• Rise of shared mobility solutions in trucking

Government Regulation

• Emission standards and environmental regulations
• Safety regulations for commercial vehicle operations
• Labor laws affecting driver working conditions

Cross-border trade regulations impacting international trucking

• SWOT Analysis
• Stake Ecosystem
• Porter's Five Forces
• Competition Ecosystem

Global Trucking Market Segmentation

By Vehicle Type

• Light-Duty Trucks
• Medium-Duty Trucks
• Heavy-Duty Trucks

By Application

• Freight Transportation
• Logistics
• Construction

By Fuel Type

• Diesel
• Gasoline
• Electric
• Hybrid

By Technology

• Telematics
• Autonomous Driving
• Fleet Management Systems

Global Trucking Market Competitive Analysis

Detailed Profiles of Major Companies

• J.B. Hunt Transport Services, Inc.
• Schneider National, Inc.
• XPO Logistics, Inc.
• FedEx Corporation
• UPS (United Parcel Service)
• TransGlobal Freight Solutions
• Horizon Haulage Group
• Atlas Trucking Network
• Velocity Freight Lines
• Titan Transport Services

Cross Comparison Parameters

• Market Share Analysis
• Revenue Growth Rate
• Customer Satisfaction Ratings
• Fleet Size and Capacity
• Geographic Reach and Coverage
• Technology Adoption Level
• Operational Efficiency Metrics
• Sustainability Initiatives

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