The Business Research Company’s latest report Truck Transport Global Market Report 2020 covers Truck Transport market drivers, Truck Transport market trends, Truck Transport market segments, Truck Transport market growth rate, Truck Transport market major players, and Truck Transport market size. The report provides in-depth analysis of the impact of COVID-19 on the Truck Transport industry, along with revised market numbers due to the effects of the coronavirus.
Truck Transport Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global truck transport market is expected to decline from $1609.2 billion in 2019 to $1591.8 billion in 2020 at a compound annual growth rate (CAGR) of -1.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $1984.9 billion in 2023.
The report covers the Truck Transport market’s segments-
1) By Type: General Freight Trucking, Specialized Freight Trucking
2) By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Others
3) By Size: Heavy Trucks, Medium Trucks, Light Trucks.
Subsegments covered: Local General Freight Trucking, Long-Distance General Freight Trucking, Automobiles And Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Goods.
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