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E-tailing to Underscore Growth in Freight Trucking Market, Expected to Reach ~US$ 6 Bn by 2027: Transparency Market Research
ALBANY, New York , March 3, 2020 /PRNewswire/ -- : Over the period 2019 to 2027, the global freight trucking market would chart a steady growth curve, owing to a sturdy nearly 5% CAGR (Compound Annual Growth Rate). The growth rate would translate to a number of attractive opportunities emerging for the market players and an increased market worth of USD 6 billion by the end of this period.
As per analysis of Transparency Market Research, "
https://www.transparencymarketresearch.com/freight-trucking-market.html
Multiple factors underscore growth in the global freight trucking market over the assessment period. The prominent ones among them, as per Transparency Market Research, are increase in global trade and growth in e-commerce sector. A glimpse into drivers and trends is provided below:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13250
One of the most notable restraints that the global freight trucking market experiences is that it is comparatively slower. Besides, poor maintenance of trucks also limits the growth of the market from reaching a higher trajectory. It is also noted that a large number of toll booths and plazas also lead to wastage of time, impacting timelines negatively.
The most notable players in the global freight trucking market are Ceva Holdings LLC, United Parcel Service, Inc., Tuma Transport, Cargo Carriers Limited, Werner Enterprises Inc.,Transtect Logistics ,FedEX Corporation, Concargo Private Limited ,Swift Transport, Interlogix Pty. Ltd., KUEHNE+NAGEL INC., Procet Freight, J&J Africa, and Tiger Africa Transport among others. It is a fragmented vendor landscape. Besides, these key players are profiled in the market report prepared by Transparency Market Research.
https://www.transparencymarketresearch.com/report-toc/13250
Some of the strategies that the global freight trucking market players are deploying to gain an edge over others are mergers and acquisition and synergistic collaborations. One such instance noted in the recent past is the acquisition of Wira Logistics by Kuehne+Nagel in the year 2018. It provides the latter with better market penetration in Indonesia .
Automotive & Transport Industry:
Intelligent Transport System (ITS) Market – is likely to witness considerable growth by 2027, Strong government support, research activities, and public-private partnerships aimed at improving the transportation network are key factors driving the ITS market.
Truck-as-a-Service Market – is growing rapidly due to rapid changes and innovation in driver monitoring, transmission, infotainment system, truck safety. Truck-as-a-service market can be segmented into digital freight brokerage, telematics services, and business analytics.
Truck Refrigeration Unit Market – is growing rapidly due to rise in demand for safe, high-quality fresh goods from consumers. Truck refrigeration unit market is segmented based on type, end-use industry, vehicle and region.
Transportation Analytics Market – is mainly driven by varying travel demands, globalization, and hyper-urbanization; Emergence of smart vehicles on developed roads contributes toward better safety, communication facilities, and advanced infrastructure boost market growth.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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