The Specialized Freight Trucking by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s analysis of the Specialized Freight Trucking sector, the market has experienced robust growth, surging from $1084.05 billion in 2024 to an estimated $1179.18 billion by the end of the same year, representing a noteworthy compound annual growth rate (CAGR) of 8.8%. This remarkable expansion during the historical period can be attributed to a surge in oil and gas exports, robust economic growth in emerging markets, increased production and consumption of chemicals, and a conducive low-interest rate environment.
Forecasts indicate a continued upward trajectory for the specialized freight trucking market, anticipating a significant expansion to reach $1617.37 billion by 2028, boasting a CAGR of 8.2%. This anticipated growth in the forecast period is fueled by escalating demand for raw materials from manufacturing industries and the concurrent rise in urbanization, serving as pivotal drivers for market expansion. Key trends in this period include the persistent surge in demand for raw materials from manufacturing industries and the consequential acceleration in urbanization, shaping the trajectory of market development.
The specialised freight trucking market’s growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market’s growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period.
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The specialized freight trucking market covered in this report is segmented –
1) By Type: Automobiles And Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Goods
2) By Size: Heavy Trucks, Medium Trucks, Light Trucks
3) By Application: Oil and Gas, Industrial and Manufacturing, Energy and Mining, Food and Beverages, Pharmaceuticals and Healthcare, Other Applications
Top 5 Major Players:
In the realm of truck transportation, companies are increasingly adopting collision mitigation technology to mitigate the loss of lives and damages resulting from accidents. The sophisticated collision mitigation systems proactively detect impending collisions and promptly alert drivers, thereby acting autonomously to avert potential accidents. These advanced systems are now standard features in many new trucks worldwide. For example, as per data from the US Department of Transportation, twenty automakers have committed to equipping nearly all new passenger vehicles by 2022 with a low-speed AEB system, including forward collision warning (FCW), a technology proven to prevent and mitigate front-to-rear crashes. This voluntary commitment is estimated to prevent almost 2000 crashes annually. Noteworthy manufacturers contributing to these systems include Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., and General Electric Company. The adoption of such cutting-edge safety measures underscores the industry’s commitment to enhancing road safety and reducing the impact of accidents.
1. Executive Summary
2. Specialized Freight Trucking Market Characteristics
3. Specialized Freight Trucking Product/Service Analysis -Product/Service Examples
4. Specialized Freight Trucking Market Trends And Strategies
5. Specialized Freight Trucking Market – Macro Economic Scenario
…..
68. Global Specialized Freight Trucking Market Competitive Benchmarking
69. Global Specialized Freight Trucking Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Specialized Freight Trucking Market
71. Specialized Freight Trucking Market Future Outlook and Potential Analysis
72. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Specialized Freight Trucking Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Specialized Freight Trucking Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Specialized Freight Trucking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 144: FedEx Corporation Financial Performance
Table 145: Plains GP Holdings Financial Performance
Table 146: Energy Transfer Partners LP Financial Performance
Table 147: A.P. Møller-Mærsk A/S Financial Performance
Table 148: Cargill, Incorporated Financial Performance
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