The global US Trucking Market is valued at USD 11935 Million in 2022 and is projected to reach a value of USD 28142 Million by 2030 at a CAGR (Compound Annual Growth Rate) of 10.23% between 2023 and 2030.
Overview and Description
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The global Trucking market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2022 to 2030.
US Trucking Market Size, 2022 To 2030 (USD Million)
COVID-19 Impact Analysis
COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
Report Coverage & Deliverables
- Competitive benchmarking
- Historical data & forecasts
- Company revenue shares
- Regional opportunities
- Latest trends & dynamics
- Power BI Report (Dashboard)
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The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
Huge and different funding sources and business approaches to encourage and rely on global programs is driving factor for Trucking Market.
The improvement in demand for applications where high temperature, mechanical strength, and high chemical resistance is driving Trucking Market.
The environmental & health and well-being matters with volatile raw material expenses and high intimidation of replacements is hindering Trucking Market.
Global Trucking Market: Type Segment Analysis
- Lorry Tank
- Truck Trailer
- Refrigerated Truck
- Flatbed Truck
Global Trucking Market: Application Segment Analysis
- Oil and Gas
- Energy and Mining
- Pharmaceuticals and Healthcare
- Industrial and Manufacturing
- Food and Beverages
The key players in the global US Trucking market include - Old Dominion Freight, Hunt (Jb) Transprt Svcs Inc, Ryder System Inc, Marten Transport Ltd, Knight Transportation Inc, Landstar System Inc, Covenant Transportation Grp, Usa Truck Inc, Heartland Express Inc, Amerco. among others.
Regional Analysis: Preview
Based on region, the global Trucking market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.
The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Trucking market are Old Dominion Freight, Hunt (Jb) Transprt Svcs Inc, Ryder System Inc, Marten Transport Ltd, Knight Transportation Inc, Landstar System Inc, Covenant Transportation Grp, Usa Truck Inc, Heartland Express Inc, Amerco.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
- By Type (Lorry Tank, Truck Trailer, Refrigerated Truck, Flatbed Truck)
- By Application (Oil and Gas, Energy and Mining, Defense, Chemicals, Pharmaceuticals and Healthcare, Industrial and Manufacturing, Food and Beverages)
|Regions & Countries Covered
- North America - (U.S., Canada, Mexico)
- Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
- Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
- Latin America - (Brazil, Argentina, Rest Of Latin America)
- Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
- Old Dominion Freight
- Hunt (Jb) Transprt Svcs Inc
- Ryder System Inc
- Marten Transport Ltd
- Knight Transportation Inc
- Landstar System Inc
- Covenant Transportation Grp
- Usa Truck Inc
- Heartland Express Inc
||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
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