General freight trucking refers to a segment of the transportation and logistics industry that focuses on transporting goods that do not require specialized handling or equipment. It involves moving various products, typically packaged and transported on pallets or in containers, using standard trucks such as semi-trailers, flatbeds, or box trucks. The primary purpose of general freight trucking is to facilitate the transportation of goods and products across local, regional, and national routes, enabling businesses and consumers to access the items they need.
The general freight trucking market consists of sales by entities (organizations, sole traders and partnerships) that that are used to transport various types of goods using trucks within or outside a metropolitan area and between metropolitan areas. The products are generally palletized and transported in a container or van trailer to deliver goods for both domestic and commercial purposes.
The global general freight trucking market was valued at $769.97 billion in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 6.00%.
Strong Economic Growth In Emerging Markets
During the historic period, the general freight trucking market was mainly driven by strong economic growth in emerging markets. As these economies expand, there is an increase in industrial output, trade activities and consumer spending, all of which contribute to higher demand for goods transportation. Infrastructure development, such as the construction of roads and highways, further supports the efficient movement of freight. For instance, in December 2022, according to the World Bank, a US-based international financial institution, China's gross domestic product (GDP) grew to $17.94 trillion (120 trillion yuan) in 2022 compared to 17.82 in 2021 and $11.06 trillion in 2015. Additionally, in January 2022, according to the Minister for Finance annd Corporate Affairs, India's gross domestic product (GDP) grew by between 8% and 8.5% and 9.2% in 2021-2022. Therefore, strong economic growth in emerging markets contributed to the growth of the general freight trucking market.
Advancements In ERP Solutions For The Freight Trucking And Logistics Industry
Companies in the general freight trucking market are focusing on the development of advanced enterprise resource planning (ERP) software that is designed to streamline operations for businesses in the logistics and transportation sectors. For instance, in March 2024, Truckin, a Germany based platform that connects trucking companies with shippers, freight forwarders and drivers, launched new Enterprise Resource Planning (ERP) software designed specifically for the trucking and logistics industry. The ERP system includes tools for managing inventory, fleet operations and customer relationships. The solution is specifically designed for trucking companies, empowers users with real-time analytics to make informed decisions and optimize performance. With its intuitive interface, the software is accessible to users of all technical skill levels, helping improve operational workflows and enhance resource management effectively.
The global general freight trucking market is fragmented, with large number of small players in the market. The top ten competitors in the market made up to 9.95% of the total market in 2023.
General Freight Trucking Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global general freight trucking market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for 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 general freight trucking market global report from The Business Research Company 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 history and forecasts market growth by geography. It places the market within the context of the wider general freight trucking market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by size and by application.
- Product Analysis- The product analysis section of the report describes the leading products in the general freight trucking market, along with key features and differentiators for those products.
- Supply Chain- The supply chain section of the report defines and explains the key players in the oil and gas industry supply chain.
- Customer Information - The chapter covers recent customer trends/preferences in the global general freight trucking market.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the general freight trucking market.
- Global Market Size And Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by size and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for general freight trucking market providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Local General Freight Trucking; Long-Distance General Freight Trucking
- 2) By Size: Heavy Trucks; Medium Trucks; Light Trucks
- 3) By Application: Oil And Gas; Industrial And Manufacturing; Energy And Mining; Food And Beverages; Pharmaceuticals And Healthcare; Other Applications
- Companies Mentioned: DHL Group; FedEx Corporation; C.H. Robinson Worldwide, Inc; J.B. Hunt Transport Services; CMA CGM (Ceva Logistics AG)
- Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
- 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; general freight trucking indicators comparison.
- 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.