Aug 05, 2020 (Market Insight Reports) -- The Specialized Freight Trucking Market report is the most important research for who looks for complete information on the Specialized Freight Trucking market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Specialized Freight Trucking market scenario, and feasibility study are the vital aspects analyzed in this report.
The global Specialized Freight Trucking Market 2020 is anticipated to expand at a CAGR of 6.5% during the forecast period 2026
The increase in global trade, need to control time-in-transit, growth in freight visibility solutions and technologies, advancements in freight security, safety, and transportation solutions, and growth in communications technologies and IoT adoption worldwide are expected to be the major factors driving the growth of the market.
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Top Companies: American Rail Center Logistics, CEVA Logistics, DHL, FedEx Freight, United Parcel Service
Increasing industrialization and preference toward e-tailing is estimated to boost the freight trucking market. Online shopping is witnessing significant expansion, owing to an increase in speedy Internet access, which has led to a rise in preference toward e-tailing among consumers. Furthermore, convenience of shopping from home is projected to boost e-Commerce and consequently, drive the freight trucking market during the forecast period.
China witnessed a surge in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% percent year-on-year. Based on type, the global freight trucking market has been segmented into truck trailer, lorry tank, flat bed truck, refrigerated truck, and others.
This report segments on the basis of Types are:
This report segments on the basis of Application are:
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