What is Freight Trucking Market?
The rise in international trade along with the number of trade blocks is estimated to optimistically influence the freight trucking market globally. Freight trucks are mainly used to carry goods including dry bulk, oil, and gas, postal, chemicals and others from one place to another. Freight trucking permits the firms to transport the goods in quick time, and at a minimal charge. Growing urbanization and communication innovations, speedy growth in the internet retailing will act as a key driver of the freight trucking market.
The market study is being classified by Type (Lorry Tank, Truck Trailer, Refrigerated Truck and Flatbed Truck) and major geographies with country level break-up.
Concargo Private Limited (South Africa), Procet Freight (South Africa), Transtech Logistics (South Africa), Interlogix Private Limited (Zimbabwe), Cargo Carriers (South Africa), FedEx Corporation (United States), Kuehne+Nagel Incorporated (United States), Swift Transportation (South Africa), United Parcel Service Inc. (United States) and Ceva Holdings LLC. (Switzerland) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Manhattan Associates (United States), SNCF Geodis (France) and Descartes System Group (Canada).
Research Analyst at AMA predicts that United States and South African Manufacturers will contribute to the maximum growth of Global Freight Trucking market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Freight Trucking market by Type, Application and Region.
On the basis of geography, the market of Freight Trucking has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Volume of Transportation Of Goods
- Growing Urbanization and Communication Innovations
Market Trend
- Upsurge In Convenience and Easy Access Related To Home Delivery Services
- Increasing Popularity of Online Shopping
Restraints
- Complexity of Shipping and Delivering Goods Along With Inefficiency In Controlling Cost
- Congestion in Trade Routes and Risk Associated With Cross Border Transportation
Opportunities
- Huge Demand Due To Technological Advancements in Freight Market
Market Leaders and some development strategies
On 25th March 2019, Descartes Systems Group the global leader in uniting logistics-intensive businesses in commerce has selected Microsoft Azure to power its software solutions to create more responsive, productive and compliant supply chain operations. These help manufacturers, retailers, distributors and logistics services providers.
18th March 2019, Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, has announced that Knoxville, Tennessee-based Axle Logistics is using the Descartes MacroPoint™ Capacity Matching solution to expand their capability to find new carriers and cover loads with lower costs, resulting in better customer service and augmented operational performance.
Key Target Audience
Freight Trucking Service Providers, Logistics Industry, Transportation Industry, Government Regulatory Bodies, Private and Government Research Institutes and Others