Specialized Freight Trucking industry comprises establishments transporting freight (with special size, weight, shape, or other inherent characteristics) that requires specialized equipment, such as flatbeds, tankers, or refrigerated trailers. These establishments also provide the transportation of used household, institutional, and commercial furniture and equipment. Specialized freight truckers adjust their rates according to the type of specialized transport required.
Specialized Freight Trucking Market Size
The global specialized freight trucking market was valued at $455.3 billion in 2017. North America was the largest geographic region accounting for $152.0 billion or 33.4% of the global market. The USA was the largest country accounting for $115.6 billion or 25.4% of the global specialized freight trucking market.
Specialized Freight Trucking Market Trend
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. Automated trucking has the ability to increase overall efficiency in the freight transportation industry. For instance, a self-driving truck of Otto company completed the first commercial shipment of beer in Colorado.
The companies covered are UPS (United Parcel Service), FedEx (Federal Express), Schneider National, C.H. Robinson, and J.B. Hunt Transport Services.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Specialized Freight Trucking Market Segmentation
The specialized freight trucking market is segmented into Automobiles And Heavy Equipment; Bulk Liquids; Dry Bulk Materials; Forest Products; Refrigerated Goods.
Automobiles And Heavy Equipment segment includes establishments that provide the transportation of automobile and heavy equipment are part of this market.
Bulk Liquids segment includes establishments that provide the transportation of bulk liquids are part of this market.
Dry Bulk Materials segment includes establishments that provide the transportation of dry bulk materials are part of this market.
Forest Products segment includes establishments that provide the transportation of forest products are part of this market.
Refrigerated Goods segment includes establishments that provide the transportation of refrigerated goods are part of this market.