Global General Freight Trucking Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
9 Apr, 2021
The general freight trucking market consists of sales of general freight trucking services and related goods by entities (organizations, sole traders and partnerships) that provide general freight trucking services. Establishments in the general freight trucking industry handle a wide variety of commodities, generally palletized, and transported in a container or van trailer. They also provide network activities such as local pickup, local sorting and terminal operations, line hauling, destination sorting and terminal operations, and local delivery.
Global General Freight Trucking Market Size And Drivers:
The global general freight trucking market is expected to grow from $648.4 billion in 2020 to $727.11 billion in 2021 at a compound annual growth rate (CAGR) of 12.1%. The market is expected to reach $997.35 billion in 2025 at a CAGR of 8%.
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Trends In The Global General Freight Trucking Market
The entry of automated vehicles with high-tech safety measures, cameras, radar, and Lidar sensors guiding the way, companies are able to save money through less fuel and more frequent schedules. A self-driving truck of Otto, a subsidiary of Uber Technologies Inc., in October 2016 completed the first 120-mile delivery of beer in Colorado.
Global General Freight Trucking Market Segments:
The global general freight trucking market is further segmented based on type, application, size, and geography.
By Type: Local General Freight Trucking, Long-Distance General Freight Trucking.
By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Others.
By Size: Heavy Trucks, Medium Trucks, Light Trucks.
By Geography: The global general freight trucking market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global general freight trucking market, accounting for 33% of the total market.
Read More On The Report For The Global General Freight Trucking Market At:https://www.thebusinessresearchcompany.com/report/general-freight-trucking-global-market-report-2020-30-covid-19-impact-and-recovery
General Freight Trucking Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides general freight trucking market overviews, analyzes and forecasts market size and growth for the global general freight trucking market, general freight trucking market share, general freight trucking market players, general freight trucking market segments and geographies, general freight trucking market’s leading competitors’ revenues, profiles and market shares. The general freight trucking market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.