Freight Trucking Market: By Cargo Type (Dry/Bulk Goods, Temperature Controlled Goods, Hazardous/Dangerous Goods), By Type (Flatbed Truck, Closed Box & Refrigerated, Curtain Side), By Product (Low to Medium Truck Load (LTL), Full Truck Load (FTL)), By End User ( Consumer Goods, Hi-Tech, Oil & Gas, Pharmaceutical & Healthcare, Chemicals, Food & Beverages, Others) and Geography

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Freight Trucking Market size was valued at USD 2,832 billion in 2022 and is poised to grow at a significant CAGR of 5.3% from 2023-2029. Heavy-duty trucks are used in freight trucking to transfer products and commodities from one location to another. It is mostly used for transporting large and heavy goods. During the forecast period, the global freight trucking market size is estimated to grow due to increased demand for door-to-door transportation services. The Global freight trucking market is segmented, based on Cargo, into dry/bulk goods, temperature-controlled goods, and hazardous/dangerous goods. Dry/Bulk Goods segment is estimated to occupy the largest share in 2021 and the temperature-controlled goods segment is anticipated to show the highest growth rate with a CAGR of 11.4% during the forecast period, which can be due to the growing demand for pharmaceutical/biopharmaceutical products and healthcare products, which require temperature-controlled transportation. Furthermore, rise in industrialization and rapid growth in the construction industry and year-over-year growth in domestic and international trades across the globe are fuel the growth of market. The freight trucking industry is anticipated to increase rapidly due to growth in online retailing business and technological advancements such as GPS tracking, temperature-controlled compartments, and flatbed and load-to-road service. Moreover, rapid industrialization, grow in GDP in developed and developing economies, and transportation infrastructure development are projected to open profitable options for the global freight trucking market.

Freight Trucking Market Key Developments:

  • In February 2022, A.P. Moller Maersk acquired Pilot Freight Services (Pilot) to extend its integrated logistics offering deeper into the supply chain of its customers.
  • In July 2021, Geodis acquired Velocity Freight Transport Inc. to meet the increased customer demand for more transportation alternatives to ensure their supply chains remain agile and effective.

Freight Trucking Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.3%

Largest Market

North America

Fastest Growing Market

Asia-Pacific
Freight Trucking Market Dynamics

The continuous technology improvements are projected to propel the freight trucking market for the forecasting period. Furthermore, the growth of the e-commerce industry has driven businesses in both developing and developed contries to acquire or rent freight trucking services for bulk goods transportation. Furthermore, the COVID-19 epidemic has accelerated the development of online buying and goods delivery to consumers' homes. Companies are attempting to meet this increased customer demand by using freight trucking services to deliver items on schedule. Rapid urbanization, industrialization, growing population, and development in construction sector would also result in increased transportation volumes, propelling the global freight trucking market forward.

Freight Trucking Market Segmentation

By Cargo Type
  • Dry/Bulk Goods
  • Temperature Controlled Goods
  • Hazardous/Dangerous Goods
By Type
  • Flatbed Truck
  • Closed Box & Refrigerated
  • Curtain Side
By Product Type
  • Low To Medium Truck Load (LTL)
  • Full Truck Load (FTL)
By End User
  • Consumer Goods
  • Hi-Tech
  • Oil & Gas
  • Pharmaceutical & Healthcare
  • Chemicals
  • Food & Beverages
  • Others
By Geography
  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

The freight trucking market size was valued at USD 2,832 billion in 2022.

The key segments covered in the restless leg’s syndrome market are technology, components, application, and end-users.

The freight trucking market key players P.Moller Maersk, Canadian National, CEVA Logistics, CMA CGM, DB SCHENKER, Deutsche Post, DHL Paket GmbH, Estes Express Lines, FedEx Corporation, Kuehne + Nagel, Nippon Express Co Ltd, R+L Carriers, Saia Motor Freight Line, SNCF Geodis, Swift Transportation, TNT Holding B.V, UPS Freight, XPO Logistics, Yamato Holdings Co Ltd, YRC Worldwide Inc

Key Features of the Reports

  • The freight trucking market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The Freight Trucking Market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The Freight Trucking Market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The Freight Trucking Market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The Freight Trucking Market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1.Executive Summary
2.Global Freight Trucking Market Introduction 
2.1.Global Freight Trucking Market  - Taxonomy
2.2.Global Freight Trucking Market  - Definitions
2.2.1.Cargo Type
2.2.2.Type
2.2.3.Product Type
2.2.4.End User
2.2.5.Region
3.Global Freight Trucking Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Freight Trucking Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Freight Trucking Market  By Cargo Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Dry/Bulk Goods
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Temperature Controlled Goods
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Hazardous/Dangerous Goods
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Freight Trucking Market  By Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Flatbed Truck
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Closed Box & Refrigerated
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Curtain Side
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Freight Trucking Market  By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Low To Medium Truck Load (LTL)
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Full Truck Load (FTL)
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
8.Global Freight Trucking Market  By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. Consumer Goods
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Hi-Tech
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Oil & Gas
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Pharmaceutical & Healthcare
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Chemicals
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
8.6. Food & Beverages
8.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.6.3. Market Opportunity Analysis 
8.7. Others
8.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.7.3. Market Opportunity Analysis 
9.Global Freight Trucking Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Freight Trucking Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Cargo Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Dry/Bulk Goods
10.1.2.Temperature Controlled Goods
10.1.3.Hazardous/Dangerous Goods
10.2.  Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Flatbed Truck
10.2.2.Closed Box & Refrigerated
10.2.3.Curtain Side
10.3.  Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Low To Medium Truck Load (LTL)
10.3.2.Full Truck Load (FTL)
10.4.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Consumer Goods
10.4.2.Hi-Tech
10.4.3.Oil & Gas
10.4.4.Pharmaceutical & Healthcare
10.4.5.Chemicals
10.4.6.Food & Beverages
10.4.7.Others
10.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Freight Trucking Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Cargo Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Dry/Bulk Goods
11.1.2.Temperature Controlled Goods
11.1.3.Hazardous/Dangerous Goods
11.2.  Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Flatbed Truck
11.2.2.Closed Box & Refrigerated
11.2.3.Curtain Side
11.3.  Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Low To Medium Truck Load (LTL)
11.3.2.Full Truck Load (FTL)
11.4.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Consumer Goods
11.4.2.Hi-Tech
11.4.3.Oil & Gas
11.4.4.Pharmaceutical & Healthcare
11.4.5.Chemicals
11.4.6.Food & Beverages
11.4.7.Others
11.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12.Asia Pacific (APAC) Freight Trucking Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Cargo Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Dry/Bulk Goods
12.1.2.Temperature Controlled Goods
12.1.3.Hazardous/Dangerous Goods
12.2.  Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Flatbed Truck
12.2.2.Closed Box & Refrigerated
12.2.3.Curtain Side
12.3.  Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Low To Medium Truck Load (LTL)
12.3.2.Full Truck Load (FTL)
12.4.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Consumer Goods
12.4.2.Hi-Tech
12.4.3.Oil & Gas
12.4.4.Pharmaceutical & Healthcare
12.4.5.Chemicals
12.4.6.Food & Beverages
12.4.7.Others
12.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Freight Trucking Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Cargo Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Dry/Bulk Goods
13.1.2.Temperature Controlled Goods
13.1.3.Hazardous/Dangerous Goods
13.2.  Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Flatbed Truck
13.2.2.Closed Box & Refrigerated
13.2.3.Curtain Side
13.3.  Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Low To Medium Truck Load (LTL)
13.3.2.Full Truck Load (FTL)
13.4.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Consumer Goods
13.4.2.Hi-Tech
13.4.3.Oil & Gas
13.4.4.Pharmaceutical & Healthcare
13.4.5.Chemicals
13.4.6.Food & Beverages
13.4.7.Others
13.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Freight Trucking Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
14.1. Cargo Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Dry/Bulk Goods
14.1.2.Temperature Controlled Goods
14.1.3.Hazardous/Dangerous Goods
14.2.  Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Flatbed Truck
14.2.2.Closed Box & Refrigerated
14.2.3.Curtain Side
14.3.  Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Low To Medium Truck Load (LTL)
14.3.2.Full Truck Load (FTL)
14.4.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Consumer Goods
14.4.2.Hi-Tech
14.4.3.Oil & Gas
14.4.4.Pharmaceutical & Healthcare
14.4.5.Chemicals
14.4.6.Food & Beverages
14.4.7.Others
14.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.P.Moller Maersk
15.2.2.Canadian National
15.2.3.CEVA Logistics
15.2.4.CMA CGM
15.2.5.DB SCHENKER
15.2.6.Deutsche Post
15.2.7.DHL Paket GmbH
15.2.8.Estes Express Lines
15.2.9.FedEx Corporation
15.2.10.Kuehne + Nagel
15.2.11.Nippon Express Co Ltd
15.2.12.R+L Carriers
15.2.13.Saia Motor Freight Line
15.2.14.SNCF Geodis
15.2.15.Swift Transportation
15.2.16.TNT Holding B.V
15.2.17.UPS Freight
15.2.18.XPO Logistics
15.2.19.Yamato Holdings Co Ltd
15.2.20.YRC Worldwide Inc
16. Research Methodology 
17. Appendix and Abbreviations 
  • P.Moller Maersk
  • Canadian National
  • CEVA Logistics
  • CMA CGM
  • DB SCHENKER
  • Deutsche Post
  • DHL Paket GmbH
  • Estes Express Lines
  • FedEx Corporation
  • Kuehne + Nagel
  • Nippon Express Co Ltd
  • R+L Carriers
  • Saia Motor Freight Line
  • SNCF Geodis
  • Swift Transportation
  • TNT Holding B.V
  • UPS Freight
  • XPO Logistics
  • Yamato Holdings Co Ltd
  • YRC Worldwide Inc

Adjacent Markets