PUBLISHER: The Business Research Company | PRODUCT CODE: 1712704
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712704
Forest products trucking is a transportation method primarily focused on hauling forest-derived goods, particularly wood, via heavy-loaded trucks for eventual storage, processing, and utilization. These products serve various purposes, including furniture production for domestic and commercial use and supplying raw materials for industrial applications.
The key segments within the forest products trucking market encompass log transport and chip transport. Log transport involves moving logs from forests to mills, managed by companies specializing in log transportation. The market segments covered in this report are categorized by truck size-ranging from heavy trucks to medium and light trucks-and by application, which includes industries such as oil and gas, industrial manufacturing, energy and mining, food and beverages, pharmaceuticals and healthcare, and other sectors.
The forest products trucking market research report is one of a series of new reports from The Business Research Company that provides forest products trucking market statistics, including forest products trucking industry global market size, regional shares, competitors with a forest products trucking market share, detailed forest products trucking market segments, market trends and opportunities, and any further data you may need to thrive in the forest products trucking industry. This forest products trucking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The forest products trucking market size has grown strongly in recent years. It will grow from $203.07 billion in 2024 to $219.15 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to timber industry growth, logging and lumber mills, wood product demand, infrastructure development.
The forest products trucking market size is expected to see strongly grown in the next few years. It will grow to $293.06 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to sustainable logging practices, environmental regulations, technological advancements, biomass, and bioenergy. Major trends in the forecast period include sustainability and certification, e-commerce and online marketplaces, timber theft prevention, and forest road management.
The growing construction activities are fueling demand for the forest products trucking market. Construction activities encompass the processes related to the building, renovation, or modification of structures, including residential, commercial, and infrastructure projects. The increase in construction activities is influenced by factors such as population growth, urbanization, and economic development, which create a greater need for new buildings and infrastructure. Forest products trucking supports this surge in construction by ensuring the timely and efficient transport of essential materials like lumber and plywood needed for various projects. For example, in November 2023, the Office for National Statistics, a government department in the UK, reported an increase of £18,161 million ($19.96 million) in new construction activities for 2022, with private sector projects rising by 16.8% and public sector projects by 13.1%. Thus, the increase in construction activities is driving the growth of the forest products trucking market.
The expansion of international trade is projected to boost the growth of the forest products trucking market in the future. International trade involves the exchange of goods and services between countries, including the import and export of products across national borders, to achieve economic benefits and foster global economic interdependence. Forest products trucking is essential in this context, as it efficiently transports lumber, paper, and other wood-based products to ports for export, thereby facilitating global commerce while complying with sustainability and environmental regulations. For example, in September 2023, the U.S. Trade Representative, a government agency in the United States, reported that trade in goods and services between the U.S. and India reached about $191.8 billion in 2022. U.S. exports to India were valued at $73.0 billion, while imports from India amounted to $118.8 billion, resulting in a trade deficit of $45.7 billion for the U.S. Therefore, the increase in international trade is driving the growth of the forest products trucking market.
A noteworthy trend within the forest products trucking sector is the emergence of electric trucks. Driven by a preference for reduced carbon emissions, customers are increasingly inclined toward environmentally sustainable transport options. An exemplary development in this domain occurred in August 2022 when Svenska Cellulosa AB (SCA) collaborated with Scania to introduce an electric timber truck capable of carrying 80 tons. This innovation signifies a significant step toward achieving a fossil-free society, boasting a lower carbon footprint and aligning with evolving consumer preferences.
Strategic partnerships have emerged as a focal point for major players in the forest products trucking market, driving revenue and operational efficiency. The collaboration trend was evident in October 2023 when Maersk, a prominent logistics company, joined forces with Kodiak Robotics, specializing in autonomous technology. This partnership led to the launch of the first commercial autonomous trucking route between Houston and Oklahoma City. For Maersk, this initiative aligns with their objective of providing comprehensive and sustainable logistics solutions across multiple transportation modes, securing a leading position in pioneering industry innovations.
In January 2022, LOTS Group AB, a transport services company based in Sweden, acquired Bellwether Forest Products, LLC, for an undisclosed sum. This acquisition is intended to improve LOTS Group's logistics capabilities and broaden its footprint in the forest products sector, thereby enhancing its service offerings and operational efficiency. Bellwether Forest Products, LLC, a timber company located in the U.S., provides services related to timber purchasing, logging, and hauling.
Major companies operating in the forest products trucking market include Good Logistics, Timber Products Company, Fr. Meyer's Sohn (GmbH & Co.) KG, JB Hunt Transport Services Inc., Knight Transportation, CRST International, Leavitt's Freight Service, Anderson Trucking Service Inc., Mercer Transportation, Prime Inc., Roadrunner Transportation Systems, ArcBest Corporation, XPO Inc., C.H. Robinson Worldwide Inc., Coyote Logistics, Echo Global Logistics Inc., Landstar System Inc., Schneider National Inc., Swift Transportation, Werner Enterprises Inc., Yellow Corporation, Old Dominion Freight Line Inc., Saia Inc., Estes Express Lines, ABF Freight System Inc., FedEx Corporation, TForce Freight
Asia-Pacific was the largest region in the forest products trucking market in 2024. North America was the second largest region in the forest products trucking market. The regions covered in the forest products trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the forest products trucking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The forest products trucking market includes revenues earned by entities by providing transportation service for the movement of woods and other raw materials from the forest to the point of processing wood. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Forest Products Trucking Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on forest products trucking market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for forest products trucking ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The forest products 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 historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.