Forest Products Trucking Market 2024 - Industry Analysis, Size, Key Segments, Growth Status, Share And Forecast To 2033
Global forest products trucking market size is expected to reach $295.02 Bn by 2028 at a rate of 6.9%, segmented as by type, log transport, chip transport
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Overview and Scope
Forest products trucking refers to a mode of transportation that provides over-the-road transportation of forest products such as wood to carry it using heavy loading trucks to the point of storage and processing to make it suitable for furniture products for domestic and commercial purposes and provide raw materials for industrial applications.
Sizing and Forecast
The forest products trucking market size has grown strongly in recent years. It will grow from $210.58 billion in 2023 to $225.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to timber industry growth, logging and lumber mills, wood product demand, infrastructure development.
The forest products trucking market size is expected to see strongly grown in the next few years. It will grow to $295.02 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to sustainable logging practices, environmental regulations, technological advancements, biomass and bioenergy. Major trends in the forecast period include sustainability and certification, e-commerce and online marketplaces, timber theft prevention, forest road management.
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Segmentation & Regional Insights
The forest products trucking market covered in this report is segmented –
1) By Type: Log Transport, Chip Transport
2) By Size: Heavy Trucks, Medium Trucks, Light Trucks
3) By Applications: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Other Applications
Asia-Pacific was the largest region in the forest products trucking market in 2023. North America was the second largest region in the forest products trucking market. The regions covered in the forest products trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in demand for wood-based raw materials drives the demand for the forest products trucking market. Wood is the raw material for pulp and paper, wood-based panels, and many chemical products. For instance, in July 2022, according to the National Association of Home Builders, a US-based trade association, in 2021, 92% of newly constructed homes were framed with wood, while 7% were constructed using concrete. On a quantitative basis, there were 895,000 wood-framed homes completed in 2021, which represented an 8% increase compared to the total in 2020. . The rise in demand for wooden raw materials boosted the demand for trucking forest products and positively affected the forest products trucking market.
Key Industry Players
Major companies operating in the forest products trucking market include Good Logistics, Timber Products Company, Fr. Meyer's Sohn (GmbH & Co.) KG, JB Hunt Transport Services Inc., Knight Transportation, CRST International, Leavitt’s Freight Service, Anderson Trucking Service Inc., Mercer Transportation, Prime Inc., Roadrunner Transportation Systems, ArcBest Corporation, XPO Inc., C.H. Robinson Worldwide Inc., Coyote Logistics, Echo Global Logistics Inc., Landstar System Inc., Schneider National Inc., Swift Transportation, Werner Enterprises Inc., Yellow Corporation, Old Dominion Freight Line Inc., Saia Inc., Estes Express Lines, ABF Freight System Inc., FedEx Corporation, TForce Freight
The forest products trucking market report table of contents includes:
1. Executive Summary
2. Forest Products Trucking Market Characteristics
3. Forest Products Trucking Market Trends And Strategies
4. Forest Products Trucking Market - Macro Economic Scenario
5. Global Forest Products Trucking Market Size and Growth
.....
32. Global Forest Products Trucking Market Competitive Benchmarking
33. Global Forest Products Trucking Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Forest Products Trucking Market
35. Forest Products Trucking Market Future Outlook and Potential Analysis
36. Appendix
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