DataString Consulting Company Logo

Freight Trucking Market set to hit $5.4 billion by 2035, as rise of digital platforms propels transformation

Industry revenue for Freight Trucking is estimated to rise to $5.4 billion by 2035 from $2.9 billion of 2024. The revenue growth of market players is expected to average at 5.7% annually for period 2024 to 2035. Freight trucking is critical across several key applications, including Long-Haul Freight Services, Local Freight Services, Refrigerated Trucking Services and Dangerous Goods Transport. The report unwind growth & revenue expansion opportunities at Type, Goods Type, Distance and Ownership with industry revenue Forecast.

Industry Leadership and Competitive Landscape

The Freight trucking market is characterized by intense competition, with a number of leading players such as United Parcel Service Inc, FedEx Corporation, Deutsche Post AG, Ceva Logistics and Schneider National. These players are pushing the boundaries of innovation & technological advancements and forging strategic partnerships to expand the existing reach of the market, thereby shaping its growth trajectory and future prospects by enlarging the total addressable market.
The Freight trucking market is projected to expand substantially, driven by the E-commerce Boom and Technological Advancements. This growth is expected to be further supported by Industry trends like Rise of Green Logistics; and position the market's continued expansion to reach $4.1 billion by 2030. Moreover, the key opportunities, such as Eco-Friendly Freight Truck Innovations, Automated Freight Trucking and incorporating iot in freight trucking, are anticipated to create opportunistic revenue pockets in major demand hubs including U.S., China and Germany.

Major Markets and Emerging Opportunities

The U.S., China, Germany, India and Japan are leading the market, driving a significant share of global demand. Businesses in these countries can expect steady revenue growth of 3.7% to 5.5% annually from 2024 to 2035. At the same time, Indonesia, Nigeria and Vietnam are emerging as exciting new opportunities, with fast-growing markets and evolving industry landscapes creating fresh avenues for expansion.

Regional Shifts and Evolving Supply Chains

North America and Europe are the two most active and leading regions in the market. With challenges like Rising Fuel Costs and strict emission regulations, market Supply Chains from Raw Materials Procurement / Truck Manufacturing / Freight Forwarding and to End User Services is expected to evolve & expand further; and industry player’s will be pushed to make strategic shifts towards emerging markets including Indonesia, Nigeria and Vietnam for expansion of the total addressable market (TAM).
Get Your Free Sample Report with One Click!Download Free Sample
About DataString Consulting
DataString Consulting offers a complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. We offer bespoke market research projects designed to meet the specific strategic objectives of the business. DataString’s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. DataString Consulting’s data aggregators and Industry experts monitor high growth segments within more than 15 industries on an ongoing basis.
DataString Consulting is a professional market research company which aims at providing all the market & business research solutions under one roof. Get the right insights for your goals with our unique approach to market research and precisely tailored solutions. We offer services in strategy consulting, comprehensive opportunity assessment across various sectors, and solution-oriented approaches to solve business problems.

Contact:

Mr. Swarup Sahu

DataString Consulting

USA: 1-430-213-4811

[email protected]