The Local General Freight Trucking by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Local General Freight Trucking Market:
According to The Business Research Company’s Local General Freight Trucking, The local general freight trucking market size has grown marginally in recent years. It will grow from $131.36 billion in 2023 to $133.79 billion in 2024 at a compound annual growth rate (CAGR) of 1.8%. The growth in the historic period can be attributed to economic growth in emerging markets, growth in building and construction sector and a rise in disposable income.
The local general freight trucking market size is expected to see marginal growth in the next few years. It will grow to $144.45 billion in 2028 at a compound annual growth rate (CAGR) of 1.9%. The growth in the forecast period can be attributed to growing e-commerce sales, rising urbanization and rising demand for raw materials from the manufacturing industries. Major trends in the forecast period include use of artificial intelligence (ai), focus on internet of things (iot), mergers and acquisitions, increasing investments, partnerships and collaborations.
The increase in e-commerce sales is expected to fuel the growth of the local freight trucking market in the forecast period. E-Commerce refers to the purchase and sale of products and services on the Internet. The e-commerce industry relies on trucking to move its items from one location to another, which impacts the trucking industry directly. For instance, in September 2022, according to the International Trade Administration, a US-based Department of Commerce, consumer e-commerce now makes up 30% of the UK's overall retail sector (up from 20% in 2020), with an annual e-commerce revenue of more than $120 billion. In 2021, 82% of people in the UK will have made at least one online purchase. The increase in e-commerce sales increases the demand to transport the goods and thereby drives the growth of the local freight trucking market.
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The local general freight trucking market covered in this report is segmented –
1) By Type: Truckload Transportation, Less-Than-Truckload Transportation, Intermodal Transportation, Dry-Bulk Transportation, Other Types
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
The integration of the Internet of Things (IoT) into the transportation sector is a key trend gaining popularity in the local general freight trucking market. The IoT is expected to change the transport sector by gathering data and vital information from market and technology developments related to data analytics and automation of mobility and will provide benefits in fleet management and location tracking. Companies around the world are finding more and more interesting ways to take advantage of the Internet of Things for greater productivity and efficiency. For instance, Kuehne + Nagel, a Swiss-based transport and logistics company, uses IoT for freight monitoring, which helps to warn about temperature, humidity, pressure, shock, and tilt at the parcel level.
The local general freight trucking market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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.
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- FedEx Corporation
- Deutsche Post DHL Group
- Yellow Corporation
- C.H. Robinson Worldwide Inc.
- Old Dominion Freight Line Inc
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TheBusinessResearchCompany published its General Freight Trucking Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global general freight trucking market.
The report covers the general freight trucking market’s segments- local general freight trucking, long-distance general freight trucking.Explore Complete Report https://www.thebusinessresearchcompany.com/report/general-freight-trucking-global-market-reportGeneral Freight Trucking Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Request to get the sample of this report https://www.thebusinessresearchcompany.com/sample.aspx?id=2253=smpThe general freight trucking market consists of sales of general freight trucking services by entities (organizations, sole traders and partnerships) that provide general freight trucking services.
These establishments also provide network activities such as local pickup, local sorting and terminal operations, line-hauling, destination sorting and terminal operations, and local delivery.Purchase Report (Individual License at USD 4000.00) At: https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2253Chapters from Table of Content:Chapter 1.
Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reportsThe General Freight Trucking Global Market Report 2020-30 by The Business Research Company describes and explains the global general freight trucking market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The General Freight Trucking Global Market Report 2021 covers general freight trucking market drivers, general freight trucking market trends, general freight trucking market segments, general freight trucking market growth rate, general freight trucking market major players, and general freight trucking market size.View Complete Report: https://www.thebusinessresearchcompany.com/report/general-freight-trucking-global-market-report-2020-30-covid-19-impact-and-recoveryThe general freight trucking market report provides an in-depth analysis of the impact of COVID-19 on the global general freight trucking in dustry, along with revised market numbers due to the effects of the coronavirus and the expected general freight trucking market growth numbers 2021-2030.General Freight Trucking Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now: https://www.thebusinessresearchcompany.com/sample.aspx?id=2253=smpThe global general freight trucking market is expected to grow from $648.4 billion in 2020 to $727.11 billion in 2021 at a compound annual growth rate (CAGR) of 12.1%.
The market is expected to reach $997.35 billion in 2025 at a CAGR of 8%.The report covers the general freight trucking market’s segments- 1) By Type: Local General Freight Trucking, Long-Distance General Freight Trucking.2) By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Others.3) By Size: Heavy Trucks, Medium Trucks, Light Trucks.About The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
