According to a market report by Lucintel, the future of the global freight trucking market looks promising with opportunities in the retail and e-commerce, industrial and manufacturing, healthcare, and automotive markets. The global freight trucking market is expected to reach an estimated $4.0 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rising adoption of telematics in the automotive sector, global expansion of the e-commerce industry, and surge in urban population growth.

A more than 150 – page report is developed to understand Trends, opportunity and forecast in freight trucking market to 2030 by truck type (dry van & box truck, refrigerated truck, tanker truck, flatbed truck, and others), cargo type (dry bulk goods, liquids, temperature controlled goods, and others), distance (less than 50 miles, 51 to 100 miles, 101 to 200 miles, 201 to 500 miles, and above 500 miles), end use (retail and E-commerce, industrial and manufacturing, healthcare, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, dry bulk good, liquid, and temperature controlled good are the major segments of freight trucking market by cargo type. Lucintel forecasts that dry bulk good will remain the largest segment over the forecast period due to expansion of manufacturing industry, growing demand for safe and efficient transport of combustible fluids such as, oil and diesel.

Within this market, retail and e-commerce will remain the largest segment over the forecast period due to the growing popularity of online shopping and the need to deliver goods to customers home.

North America will remain the largest region over the forecast period due to high volume of trade between the United States and Canada, and the well-developed transportation infrastructure in the region.

Deutsche Post, Fedex, United Parcel Service of America, Schneider National, Old Dominion Freight Line, XPO Logistics, J.B. Hunt Transport Services, Yellow Roadway, Saia, and Estes Express Lines are the major suppliers in the freight trucking market.

 This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com