How Global Specialized Freight Trucking Market Players Should Strategize For 2022-2031
22 Jun, 2022
The global specialized freight trucking market size is expected to grow from $889.89 billion in 2021 to $980.49 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The specialized freight trucking market is then expected to grow to $1,381.77 billion in 2026 at a CAGR of 9%.
What is the Global Specialized Freight Trucking Market?/b>
The specialized freight trucking market consists of sales of specialized freight trucking services and related goods by entities (organizations, sole traders, and partnerships) that provide over-the-road transportation of household and office goods.
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What drives the Global Specialized Freight Trucking Market?
The specialized freight trucking services market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market 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 the 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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Global Specialized Freight Trucking Market Segments
The global specialized freight trucking market is segmented:
By Type: Automobiles and Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Goods
By Application: Oil and Gas, Industrial and Manufacturing, Energy and Mining, Food and Beverages, Pharmaceuticals and Healthcare, Others
By Size: Heavy Trucks, Medium Trucks, Light Trucks
By Geography: The regions covered in the specialized freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Specialized Freight Trucking Global Market Report 2022provides market size and growth forecasts for the global specialized freight trucking market, global specialized freight trucking market share, specialized freight trucking market segments and geographies, specialized freight trucking market competitive landscape including leading competitors’ revenues, profiles and market shares. The specialized freight trucking market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Specialized Freight Trucking Industry Playersinclude Cargill Incorporated, Toyota Motor Corp, FedEx Corporation, Energy Transfer Partners LP, Thyssenkrupp AG, Plains GP Holdings, A.P. Møller-Mærsk A/S, Toyota Tsusho, CJ Corp, and Knight-Swift Transportation Holdings Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.