General Freight Trucking Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope General freight trucking refers to a mode of transportation that provides general freight trucking services. Establishments in the general freight trucking industry handle a wide variety of commodities, generally palletized and transported in a container or van trailer, and network activities such as local pickup, local sorting, and terminal operations; line hauling; destination sorting and terminal operations; and local delivery. Sizing and Forecast The general freight trucking market size has grown strongly in recent years. It will grow from $964.36 billion in 2023 to $1058.22 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to increase in oil and gas exports, increasing government support, and growth in the healthcare industry.. The general freight trucking market size is expected to see strong growth in the next few years. It will grow to $1502.83 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to growing e-commerce sales, rising demand for food products, rising demand for raw materials from the manufacturing industries and rising urbanization. Major trends in the forecast period include truck platooning for efficient and economical operations, use of artificial intelligence (ai) in trucks, iot (internet of things) in trucks, fleet management software, and strategic partnerships and collaborations.. Order your report now for swift delivery, visit the link: https://www.thebusinessresearchcompany.com/report/general-freight-trucking-global-market-report Segmentation & Regional Insights The general freight trucking market covered in this report is segmented – 1) By Type: Local General Freight Trucking, Long-Distance General Freight Trucking 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 Asia-Pacific was the largest region in the general freight trucking market in 2023. North America was the second largest region in the general freight trucking market. The regions covered in the general freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa Intrigued to explore the contents? Secure your hands-on a free sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=2253&type=smp Major Driver Impacting Market Growth Increase in use of telematics in automotive sector is expected to propel the growth of general freight trucking market. Telematics is a combination of telecommunications and informatics, and it refers to the use of communication and information technology to transport, save, and receive data between devices and remote objects over a network. Telematics has grown into a critical tool in the trucking and transportation industries, providing fleet managers with crucial data about their vehicles and drivers. For instance, in January 2021, Mix Telematics, a South Africa-based software company, announced the launch of MyMiX Tracking. A new app-based tracking solution for fleets, designed to provide real-time monitoring capabilities to improve driver safety and manage risks. This solution has been crafted to offer real-time monitoring features, assisting clients in enhancing driver safety and risk management. It is a GPS fleet tracking solution accessible through a mobile app, empowering drivers to self-correct unsafe driving habits. Therefore, increase in use of telematics in automotive sector is expected to propel the growth of general freight trucking market. Key Industry Players Major companies operating in the general freight trucking market report are United Parcel Service, Inc, Deutsche Post AG, FedEx Corporation, C.H. Robinson Worldwide, Inc, J.B. Hunt Transport Services, XPO Logistics, Inc., Ceva Logistics AG, , Landstar System, Inc, A.P. Moller – Maersk, Standard Vulcanizers, Freight Mart Logistics, Prime Transport Corporation, OM Logsitcs Limited, Wellfield Services Limitada, Doyun Logistics Co., Ltd., GKR Transport, Australian Container Freight Services, Jiangsu Kunyue Logistics Co Ltd, Kunshan Yunda Express Co Ltd, Changsha Sitong Moving Transport Co Ltd, Ningbo Jinxing Logistics Co Ltd, Simco Trans GmbH, Shanghai Ruiqiang Logistics Co Ltd, Sichuan Wangcang County Transport Co Ltd, Beijing Keyun Logistics Co Ltd, TNT Expressare, InstaFreight GmbH, Haberling, Smart Move Facilities Services Inc, Fixemer Real Estate, Kahmen TransCargo GmbH, House of Logistics and Mobility, AW Transport & Logistics GmbH, Livchem Logistics GmbH, DHL Express, Transportes Della Volpe Sa Comercio E Industria, Spice Logistics Private Limited, Pavages J.M. Beaulieu Inc, Les, Spares, Blackmine Outfitters Trucking Ltd, J & S Services Inc, R & C Weare Logging Ltd, N. W.