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Trucking Market

Trucking Market

Trucking Market Global Industry Assessment & Forecast

# Pages:


Base Year:


Nov - 2021


Report Code:


Segments Covered
  • 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
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 10,850 Million
Revenue 2028Revenue 2028: 23257.9 Million
Revenue CAGRRevenue CAGR (2021 - 2028): 10.23
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia-Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Research Methodology: Trucking Market - Global Market Assessment, 2021 - 2028

Vantage Market Research follows a veracious methodology to arrive at market-related projections. The research methodology is based on the 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We conduct more than 100 primary interviews for each market either through mail or telephone call. Vantage Market Research employs the most infallible research methodology that ensures clients are receiving:

  • Consistent, vigorous, and actionable data analysis that would help to make key business decisions
  • Statistically improved and reliable insights through a veracious and well-audited research methodology.
  • Independent study ensures a tangible representation of the market

Secondary Research

Primary Research:

The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:

  • First-hand information global market size, regional and segmental trends, competitive landscape
  • Validate and authorization of secondary research outcomes and findings
  • Further data collection and expertise development & market understandings

Data Triangulation and Market Size Estimations

After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market.  The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Trucking market.  


Frequently Asked Question
  • The global Trucking valued at 10,850 Million in 2020 and is expected to reach 23257.9 Million in 2028 growing at a CAGR of 10.23%.

  • The prominent players in the 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 market is project to grow at a CAGR of 10.23% between 2021 and 2028.

  • The driving factors of the Trucking include

    • 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.

  • Asia-Pacific was the leading regional segment of the Trucking in 2020.