The Specialized 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 (2024-2033).
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In accordance with The Business Research Company's analysis of the Specialized Freight Trucking sector, the market has experienced robust growth, surging from $1084.05 billion in 2024 to an estimated $1179.18 billion by the end of the same year, representing a noteworthy compound annual growth rate (CAGR) of 8.8%. This remarkable expansion during the historical period can be attributed to a surge in oil and gas exports, robust economic growth in emerging markets, increased production and consumption of chemicals, and a conducive low-interest rate environment.
Forecasts indicate a continued upward trajectory for the specialized freight trucking market, anticipating a significant expansion to reach $1617.37 billion by 2028, boasting a CAGR of 8.2%. This anticipated growth in the forecast period is fueled by escalating demand for raw materials from manufacturing industries and the concurrent rise in urbanization, serving as pivotal drivers for market expansion. Key trends in this period include the persistent surge in demand for raw materials from manufacturing industries and the consequential acceleration in urbanization, shaping the trajectory of market development.
The specialised freight trucking market's growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period.
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The specialized freight trucking market covered in this report is segmented –
1) By Type: Automobiles And Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Goods
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
In the realm of truck transportation, companies are increasingly adopting collision mitigation technology to mitigate the loss of lives and damages resulting from accidents. The sophisticated collision mitigation systems proactively detect impending collisions and promptly alert drivers, thereby acting autonomously to avert potential accidents. These advanced systems are now standard features in many new trucks worldwide. For example, as per data from the US Department of Transportation, twenty automakers have committed to equipping nearly all new passenger vehicles by 2022 with a low-speed AEB system, including forward collision warning (FCW), a technology proven to prevent and mitigate front-to-rear crashes. This voluntary commitment is estimated to prevent almost 2000 crashes annually. Noteworthy manufacturers contributing to these systems include Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., and General Electric Company. The adoption of such cutting-edge safety measures underscores the industry's commitment to enhancing road safety and reducing the impact of accidents.
The specialized freight trucking market report table of contents includes:
1. Executive Summary
2. Specialized Freight Trucking Market Characteristics
3. Specialized Freight Trucking Product/Service Analysis -Product/Service Examples
4. Specialized Freight Trucking Market Trends And Strategies
5. Specialized Freight Trucking Market - Macro Economic Scenario
.....
68. Global Specialized Freight Trucking Market Competitive Benchmarking
69. Global Specialized Freight Trucking Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Specialized Freight Trucking Market
71. Specialized Freight Trucking Market Future Outlook and Potential Analysis
72. Appendix
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A recent report published by TheBusinessResearchCompany on Specialized Freight Trucking Market provides in-depth analysis of segments and sub-segments in the global as well as regional.The Specialized Freight Trucking Global Market Report 2019 which provides strategists, marketers and senior management with the critical information they need to assess the global Specialized Freight Trucking market.
The report covers the specialized freight trucking market’s segments- diesel, gasoline, fuel oil, kerosene, others - automobiles and heavy equipment, bulk liquids, dry bulk materials, forest products, refrigerated goodsSpecialized Freight Trucking Global Market Report 2019 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ 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 also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.The entry of automated vehicles with high-tech safety measures, cameras, radar, and Lidar sensors guiding the way, companies are able to save money through less fuel and more frequent schedules.
The Business Research Company published its Specialized Freight Trucking Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global specialized freight trucking market.
The report covers the specialized freight trucking market’s segments- automobiles and heavy equipment, bulk liquids, dry bulk materials, forest products, refrigerated goods.View Complete Report: https://www.thebusinessresearchcompany.com/report/specialized-freight-trucking-global-market-reportSpecialized 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 entry of automated vehicles with high-tech safety measures, cameras, radar, and Lidar sensors guiding the way, companies are able to save money through less fuel and more frequent schedules.
Automated trucking has the ability to increase overall efficiency in the freight transportation industry.
The Business Research Company published its Specialized Freight Trucking Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Specialized Freight Trucking market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the Specialized Freight Trucking market’s segments-1) By Type: Automobiles And Heavy Equipment; Bulk Liquids; Dry Bulk Materials; Forest Products; Refrigerated Goods2) By Application: Oil & Gas; Industrial & Manufacturing; Energy & Mining; Food & Beverages; Pharmaceuticals & Healthcare; Others3) By Size: Heavy Trucks; Medium Trucks; Light Trucks.
View Complete Report:https://www.thebusinessresearchcompany.com/report/specialized-freight-trucking-global-market-report-2020-30-covid-19-impact-and-recoverySpecialized 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 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.The global specialized freight trucking market is expected to decline from $860.5 billion in 2019 to $849.8 billion in 2020 at a compound annual growth rate (CAGR) of -1.3%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
