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Local General Freight Trucking Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5323180
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Creed Freight System
  • DHL
  • FedEx Corporation
  • JR Traffic Service
  • Landstar
  • LEASE-SERV TRANSPORTATION
Local General Freight Trucking Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global local general freight trucking market as it emerges from the COVID-19 shut down.



Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the local general freight trucking ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Local General Freight Truckin market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider local general freight trucking market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The local general freight trucking market section of the report gives context. It compares the local general freight trucking market with other segments of the local general freight trucking market by size and growth, historic and forecast.
Scope

Markets Covered:

1) By Type: Truckload transportation; Less-than-truckload transportation; Intermodal transportation; Dry-bulk transportation; Other2) By Size: Heavy Trucks; Medium Trucks; Light Trucks 3) By Application: Oil & Gas; Industrial & Manufacturing; Energy & Mining; Food & Beverages; Pharmaceuticals & Healthcare; Others

Companies Mentioned: YRC Worldwide Inc; JB Hunt Transport Services Inc.; FedEx Corporation; XPO Logistics Inc; Knight-Swift Transportation Holdings Inc

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This product will be delivered in 1-3 business days
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Creed Freight System
  • DHL
  • FedEx Corporation
  • JR Traffic Service
  • Landstar
  • LEASE-SERV TRANSPORTATION
1. Executive Summary

2. Local General Freight Trucking Market Characteristics

3. Local General Freight Trucking Market Trends and Strategies

4. Impact of COVID-19 on Local General Freight Trucking

5. Local General Freight Trucking Market Size and Growth
5.1. Global Local General Freight Trucking Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Local General Freight Trucking Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market

6. Local General Freight Trucking Market Segmentation
6.1. Global Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Truckload transportation
  • Less-than-truckload transportation
  • Intermodal transportation
  • Dry-bulk transportation
  • Other
6.2. Global Local General Freight Trucking Market, Segmentation by Size, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Heavy Trucks
  • Medium Trucks
  • Light Trucks
6.3. Global Local General Freight Trucking Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Oil & Gas
  • Industrial & Manufacturing
  • Energy & Mining
  • Food & Beverages
  • Pharmaceuticals & Healthcare
  • Others
7. Local General Freight Trucking Market Regional and Country Analysis
7.1. Global Local General Freight Trucking Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Local General Freight Trucking Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Local General Freight Trucking Market
8.1. Asia-Pacific Local General Freight Trucking Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Local General Freight Trucking Market
9.1. China Local General Freight Trucking Market Overview
9.2. China Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Local General Freight Trucking Market
10.1. India Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Local General Freight Trucking Market
11.1. Japan Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Local General Freight Trucking Market
12.1. Australia Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Local General Freight Trucking Market
13.1. Indonesia Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Local General Freight Trucking Market
14.1. South Korea Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Local General Freight Trucking Market
15.1. Western Europe Local General Freight Trucking Market Overview
15.2. Western Europe Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Local General Freight Trucking Market
16.1. UK Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Local General Freight Trucking Market
17.1. Germany Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Local General Freight Trucking Market
18.3. France Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Local General Freight Trucking Market
19.1. Eastern Europe Local General Freight Trucking Market Overview
19.2. Eastern Europe Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Local General Freight Trucking Market
20.1. Russia Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Local General Freight Trucking Market
21.1. North America Local General Freight Trucking Market Overview
21.2. North America Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Local General Freight Trucking Market
22.1. USA Local General Freight Trucking Market Overview
22.2. USA Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Local General Freight Trucking Market
23.1. South America Local General Freight Trucking Market Overview
23.2. South America Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Local General Freight Trucking Market
24.1. Brazil Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Local General Freight Trucking Market
25.1. Middle East Local General Freight Trucking Market Overview
25.2. Middle East Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Local General Freight Trucking Market
26.1. Africa Local General Freight Trucking Market Overview
26.2. Africa Local General Freight Trucking Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Local General Freight Trucking Market Competitive Landscape and Company Profiles
27.1. Local General Freight Trucking Market Competitive Landscape
27.2. Local General Freight Trucking Market Company Profiles
27.2.1. YRC Worldwide Inc
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. JB Hunt Transport Services Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. FedEx Corporation
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. XPO Logistics Inc
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Knight-Swift Transportation Holdings Inc
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

29. Key Mergers and Acquisitions in the Local General Freight Trucking Market

29. Local General Freight Trucking Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Creed Freight System
  • DHL
  • FedEx Corporation
  • JR Traffic Service
  • Landstar
  • LEASE-SERV TRANSPORTATION
Major players in the local general freight trucking market are YRC Worldwide Inc; JB Hunt Transport Services Inc.; FedEx Corporation; XPO Logistics Inc; Knight-Swift Transportation Holdings Inc; American Rail Center Logistics; DHL; United Parcel Service; Challenger Motor Freight Inc; and Creed Freight System.

The global local general freight trucking market is expected to grow from $111.84 billion in 2020 to $125.24 billion in 2021 at a compound annual growth rate (CAGR) of 12%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $170.8 billion in 2025 at a CAGR of 8.1%.

The local general freight trucking market consists of sales of local general freight trucking services and related goods by entities (organizations, sole traders, and partnerships) that provide local general freight trucking services. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Local general freight trucking establishments usually provide trucking within a metropolitan area which may cross state lines. Generally, the trips are same-day return. Only goods and services traded between entities or sold to end consumers are included.

The integration of the Internet of Things (IoT) in the transportation sector is a key trend gaining popularity in the local general freight trucking market. The IoT is expected to change the transport sector by gathering data and vital information from market and technology developments related to data analytics and automation of mobility and provide benefit in fleet management and location tracking. Companies around the world are finding more interesting ways to take advantage of the Internet of Things for greater productivity and efficiency. For instance, Kuehne + Nagel, a Swiss-based transport and logistics company, uses IoT for freight monitoring, which helps to warn temperature, humidity, pressure, shock, and tilt at parcel level.

The increase in e-commerce sales is expected to fuel the growth of the local freight trucking market in the coming years. E-Commerce refers to the purchasing and sale of products and services on the Internet. The e-commerce industry relies on trucking to move their items from one location to another and impacts the trucking industry directly. For instance, according to the US Census Bureau, in 2020, the USA consumers spent $211.5 billion in the second quarter and increased by 31.8% from the previous quarter. The increase in e-commerce sales increases the demand to transport the goods and thereby drives the growth of the local freight trucking market.

The impact of COVID19 is expected to limit the growth of the local freight trucking market in the coming years. The transportation industry faces severe challenges due to coronavirus with disruption in the supply chain. A decrease in demand led to a fall in the supply of raw material or end-products such as restaurant supply, live event equipment, among others. According to the Center for Disease Control and Prevention, the trucking industry lost more than 88,000 jobs in April 2020, a 5.8% decline from March, a 20.5 million job losses across the U.S., placing the nation's total unemployment rate at 14.7%. A recent survey found that nearly half (48%) of carriers registered significantly lowered freight rates across the U.S. Therefore, the prevalence of COVID-19 restrains the growth of the local freight trucking market.
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A selection of companies mentioned in this report includes:

  • YRC Worldwide Inc
  • JB Hunt Transport Services Inc.
  • FedEx Corporation
  • XPO Logistics Inc
  • Knight-Swift Transportation Holdings Inc
  • American Rail Center Logistics
  • DHL
  • United Parcel Service
  • Challenger Motor Freight Inc
  • Creed Freight System
  • JR Traffic Service
  • LEASE-SERV TRANSPORTATION
  • Schneider national
  • Landstar
  • Swift Transportation
Note: Product cover images may vary from those shown

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