Freight Trucking Market by Type (Lorry Tank, Truck Trailer, Refrigerated Truck and Flatbed Truck), Size (Heavy Trucks, Medium Trucks and Light Trucks), Cargo (Dry Bulk Goods, Oil & Diesel and Postal) and End-Use (Oil & Gas, Industrial & Manufacturing, Defense, Energy & Mining, Chemicals, Pharmaceutical & Healthcare and Food & Beverages): Global Opportunity Analysis and Industry Forecast, 2020–2027
|
A07132
|
Pages: NA
|
Sep 2020 |
174 Views
|
|
|
|
Author(s) :
NA
|
Tables: NA
|
Charts: NA
|
Formats*:
|
|
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Freight Trucking Market
Request Now !A freight truck, also referred as a heavy-duty vehicle, is used to transport goods from one place to another. It is widely used in logistics services and is very ideal for off-road driving. Advanced and high-powered engine freight trucks can easily transport bulk load. They have high carrying capacity and can be further divided into six parts, semi-trailer truck, straight truck, jumbo truck, tail-lift truck, truck trailer, and flatbed truck. Therefore, its advantages are expected drive the growth of the freight trucking market over the forecast period.
Market scope and structure analysis:
|
       Report Metric |
                       Details |
|
 Market size available for years |
 2020–2027 |
|
 Base year considered |
 2019 |
|
 Forecast period |
 2021–2027 |
|
 Forecast unit |
 Value (USD) |
|
 Segments covered |
 Type, Size, Cargo, and End-user |
|
 Regions covered |
North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
|
 Companies covered |
A.P. Moller Maersk, Canadian National, CEVA Logistics, CMA CGM, DB SCHENKER, Deutsche Post, DHL Paket GmbH, Estes Express Lines, FedEx Corporation, and Kuehne & Nagel |
Â
COVID-19 scenario analysis:
- Governments of many countries eased restrictions on industrial activity in a graded manner, but migrant workers have returned to their homes, which has aggravated issues for the transport industry.
- Lockdown across the globe has increased the shortage of drivers and non-availability of cargo for return trips has pushed truck freight rates, thereby hampering then prices of essential commodities.
- One-way movement of goods delivery requires a truck to make a return trip with an empty cargo hold. In contrast, return trip filled with goods accounted for 20-30% less than the first trip for suppliers before the lockdown.
- Governments of many countries have now allowed the opening of booking and delivery offices of transporters, but the freight market is expected to take some time to revive.
- Even in the case of automated loading and unloading systems for palletized cargo, labor is essential to perform functions such as strapping down the pallets and other basic work.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysisÂ
Speedy growth of the internet retailing market and technological advancements are expected to propel the growth of the freight trucking market. However, underdeveloped infrastructure in emerging countries restrains the growth of the freight trucking market. Furthermore, technological advancements equipped with GPS tracking, temperature-controlled compartments, and flatbed & load-to-road service are expected to provide lucrative opportunities for the freight trucking market.
The freight trucking market trends are as follows:
Speedy growth of the internet retailing marketÂ
The e-commerce market has witnessed significant growth in the past few years due to increase in the number of people using the internet, where every product is available a few clicks away. This has attracted customers toward the e-commerce market, which boosted the growth of the transportation market as ordered products are shipped by using these means. Hence, with the significant growth of the online retailing market, the freight trucking market is also expected to boost over the forecast period.
Technological advancementsÂ
Truck manufacturers are rolling out new truck models with improved cargo space and technologies. To enhance the performance and functionality of the vehicle, several truck manufacturers lean toward advanced technologies. Increase in demand for freight trucks has also compelled freight trucking manufacturers to integrate new tracking technologies to maintain their spot in the future. Therefore, this is estimated to boost the freight trucking market over the forecast period.
Key segments covered:
|
           Segments |
                Sub-segments |
|
 Type |
|
|
 Size |
|
|
 Cargo |
|
|
 End-User |
|
Â
Key benefits of the report:
- This study presents the analytical depiction of the freight trucking market along with current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the freight trucking market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the freight trucking market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.Â
Questions answered in the freight trucking market research report:
- Which are the leading market players active in the freight trucking market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
REQUEST TOC/SAMPLE
Purchase Full Report of
Freight Trucking Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. Â T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.