Business research

Truck Transportation Market Growth Prospects by Business Research Company

TBRC’s Truck Transportation Market Report expands on growth rates, drivers, and opportunities globally.

LONDON, June 15, 2022 /PRNewswire/ — The truck transportation market includes sales of truck transportation services and related goods by entities (organizations, sole proprietorships, and partnerships) that provide road transportation of goods using motor vehicles , such as trucks and semi-trailers. Companies in the trucking industry provide general cargo trucking and specialty cargo trucking services to commercial establishments.

The growth of the global trucking market is expected to increase from $1,663.34 billion in 2021 for $1,833.94 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The size of the trucking market is then expected to reach $2,594.36 billion in 2026 at a CAGR of 9.1%.

Request a Free Sample Trucking Market Report

Truck Market Regional Analysis

Asia Pacific sees the largest demand from the trucking market, with the region accounting for 30.8% of the total market in 2021. It was followed by North America, then the other regions. Going forward, the fastest growing regions in the trucking market will be the Middle East and Africa, where growth will be at CAGRs of 14.2% and 11.7% respectively. These will be followed by South America and Asia Pacific where the markets are expected to grow at CAGRs of 10.5% and 9.5% respectively.

Trucking Market Drivers

Rising investments in truck transportation in end-use industries will drive the growth of the truck transportation market over the forecast period. Investments in food and beverage, oil and gas, mining, energy and other logistics industries will increase their reach to the customer through their transportation services.

Trucking Industry Trends

Platoon trucking is gaining traction in the trucking market as it improves the safety and efficiency of mass transit. Truck Platoon is the process of linking two or more trucks or a fleet of vehicles using connected and automotive technology for braking and acceleration while maintaining a pre-set distance between them. In this process, the truck leading the fleet is usually a regular truck with a driver, followed by the automated or semi-automated “platoon”. The truck platoon technique offers various benefits, such as reduced carbon emissions.

Learn more about the Truck Transportation Market report

Check out similar market reports:

Global Heavy Truck Market Report 2022 – By Type (Class 5, Class 6, Class 7, Class 8), By Fuel (Diesel, Natural Gas, Hybrid Electric, Gasoline), By Application (Construction & Mining, Freight & Logistics) – Market Size, Trends and Global Forecast 2022-2026

Global Specialized Freight Trucking Market Report 2022 – By Type (Automotive & Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Cargo), By Application (Oil & Gas, Industrial & Manufacturing, Energy & Mining) , Food & Beverage, Pharmaceutical & Healthcare, Other Applications), By Size (Heavy Trucks, Medium Trucks, Light Trucks) – Global Market Size, Trends & Forecast 2022-2026

Global Refrigerated Freight Trucking Market Report 2022 – By Vehicle Type (Light-Duty Vehicle, Medium-Duty Utility Vehicles, Heavy-Duty Utility Vehicles), By Temperature (Single-Temperature, Multi-Temperature), By Application (Food, Poultry , Meat & Seafood, Dairy & Beverages, Bakery & Confectionery, Pharmaceutical, Other Applications) – Global Market Size, Trends & Forecast 2022-2026

Want to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in business, market and consumer research. With locations around the world, it has strategic enablers in a wide range of industries, including manufacturing, healthcare, financial services, chemicals and technology.

The most comprehensive database in the world

The flagship product of the Business Research Company, Global market model, is a market information platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess gaps between supply and demand.

Contact information:
The Business Research Society
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
E-mail: [email protected]


SOURCE The Trade Research Society