Freight Trucking - Global Strategic Business Report

The global market for Freight Trucking was estimated at US$2.5 Trillion in 2024 and is projected to reach US$3.4 Trillion by 2030, growing at a CAGR of 5.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Freight Trucking market.

Global Freight Trucking Market - Key Trends & Drivers Summarized

Freight trucking is a crucial component of the logistics and supply chain industry, responsible for the transportation of goods overland from manufacturers to distribution centers and retail locations. This mode of transport is integral to the economy, facilitating the movement of raw materials, finished products, and perishables across regions and countries. Freight trucking encompasses various types of vehicles, from light trucks used for local deliveries to heavy-duty trucks designed for long-haul transportation. The industry relies heavily on a network of highways and roads, and it is supported by advancements in vehicle technology, logistics software, and regulatory frameworks aimed at ensuring safety and efficiency.

The freight trucking industry is continuously evolving with significant investments in technology and infrastructure. Innovations such as autonomous trucks, telematics, and advanced fleet management systems are transforming operations, enhancing efficiency, and reducing costs. Autonomous trucks, in particular, promise to revolutionize the industry by addressing driver shortages and improving safety through advanced sensors and navigation systems. Telematics and GPS tracking provide real-time data on vehicle location, fuel consumption, and maintenance needs, enabling better route planning and fleet management. Additionally, the push towards sustainability has led to the development of electric and hybrid trucks, which aim to reduce the carbon footprint of freight transportation.

The growth in the freight trucking market is driven by several factors, including technological advancements, the rise of e-commerce, and changing consumer expectations. The e-commerce boom has significantly increased the demand for efficient and reliable delivery services, necessitating a robust freight trucking network to handle the surge in shipments. Technological innovations, such as automated and connected vehicles, enhance operational efficiency and safety, attracting investments and driving market expansion. Demand for refrigerated trucks and trucking services is also benefiting from the rise in home delivery of frozen and chilled food and beverages. Increased online delivery of food services offered by restaurants and supermarkets is a key reason cited for the increase in home delivery of food and beverages. Consumer expectations for faster delivery times and greater transparency in the shipping process also push companies to adopt advanced logistics solutions. Additionally, regulatory changes aimed at reducing emissions and improving road safety influence the adoption of new technologies and practices within the industry. The growth of global trade and the need for seamless cross-border transportation further bolster the demand for freight trucking services, making it a pivotal segment of the global logistics market.

SCOPE OF STUDY:

The report analyzes the Freight Trucking market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Truck Type (Truck Trailer, Lorry Tank, Flatbed Truck, Refrigerated Truck, Other Truck Types); Size (Heavy Trucks, Medium Trucks, Light Trucks); Cargo Type (Dry Bulk Goods, Oil & Diesel, Postal, Other Cargo Types)
• Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Heavy Trucks segment, which is expected to reach US$1.5 Trillion by 2030 with a CAGR of a 6.5%. The Medium Trucks segment is also set to grow at 5.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $581.3 Billion in 2024, and China, forecasted to grow at an impressive 7.2% CAGR to reach $772.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Freight Trucking Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Freight Trucking Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Freight Trucking Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as DHL International GmbH, Catom Trucking, Inc., A.P. Moller-Maersk A/S, Americold, Canadian National Railway Company and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 244 companies featured in this Freight Trucking market report include:

• DHL International GmbH
• Catom Trucking, Inc.
• A.P. Moller-Maersk A/S
• Americold
• Canadian National Railway Company
• CEVA Logistics
• CMA Cgm S.A
• Coyote Logistics LLC
• Expeditors International of Washington, Inc.
• Agro Merchants Group
• Burris Logistics
• Alliance Shippers Inc.
• Estes Express Lines
• Congebec
• Cargomatic, Inc.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.