The Business Research Company’s latest report Specialized Freight Trucking Market Report 2020 covers Specialized Freight Trucking market drivers, Specialized Freight Trucking market trends, Specialized Freight Trucking market segments, Specialized Freight Trucking market growth rate, Specialized Freight Trucking market major players, and Specialized Freight Trucking market size. The report provides in-depth analysis of the impact of COVID-19 on the Specialized Freight Trucking industry, along with revised market numbers due to the effects of the coronavirus.
Specialized Freight Trucking Market Report 2020 is the most comprehensive report available on this market and will help gain a truly 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 specialized freight trucking market is expected to decline from $860.5 billion in 2019 to $849.8 billion in 2020 at a compound annual growth rate (CAGR) of -1.3%. 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 8% from 2021 and reach $1050.7 billion in 2023.
The report covers the Specialized Freight Trucking market’s segments-
1) By Type: Automobiles And Heavy Equipment; Bulk Liquids; Dry Bulk Materials; Forest Products; Refrigerated Goods
2) By Application: Oil & Gas; Industrial & Manufacturing; Energy & Mining; Food & Beverages; Pharmaceuticals & Healthcare; Others
3) By Size: Heavy Trucks; Medium Trucks; Light Trucks.
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