Truck Transportation Global Market Insights As Per TBRC?s Latest Report
Posted by sainath on December 27th, 2018
The Business Research Company’s truck transportation global market analysis covers the year-on-year growth of the global truck transportation market historic and forecast growth. It also includes chapters on the truck transportation market trends, geographical analysis, and competitive landscape.
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The global truck transportation market is forecast to grow at a CAGR (compound annual growth rate) of around 4% to 2020.
Truck Transportation Market Segmentation
According to TBRC’s global truck transportation market research, the market is split by segments into General Freight Trucking and Specialized Freight Trucking.
General Freight Trucking was the largest segment in the truck transportation market accounting for about 70% of the market. This includes organizations that handles and transports a wide range of goods in a container or van trailer. The services include truckload transportation, intermodal transportation, dry bulk transportation, and other services.
Specialized Freight Trucking was the second largest segment in the truck transportation market. This includes organizations that provide specialized road transportation for cargo using trucks and trailers.
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General Freight Trucking was the largest segment and is also expected to grow at a higher CAGR of around 4% as compared to the other segment of Specialized Freight Trucking which is expected to grow at 3.5% by 2020. The growth rate is due to growing consumer confidence in general freight trucking business, growing adoption of demand driven pricing, partnerships of OEMs with truck transportation service providers, declining fuel prices and increasing consumer preference for outsourced trucking operations.
The global truck transportation market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global general freight trucking and specialized freight trucking market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are C.H. Robinson, J.B. Hunt Transport Services, YRC Freight, and Swift Transportation.
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Joined: June 13th, 2018
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