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(Transportation-News.com, January 21, 2019 ) The Business Research Company’s truck transportation global market report, covers the year-on-year growth of the global truck transportation market historic and forecast growth. It also includes chapters on the truck transportation market trends, geographical analysis, and competitive landscape.
Order the report at: https://www.thebusinessresearchcompany.com/report/truck-transportation-global-market-report
The global truck transportation market size is expected to reach more than $1.5 trillion by 2022, significantly growing at a CAGR of around 4% during the forecast period
Truck Transportation Market Trends
The truck transportation market consists of sales of truck transportation services by entities (organizations, sole traders and partnerships) that provide over-the-road transportation of cargo using motor vehicles, such as trucks and tractor trailers. This market does not include household and office goods transportation services, which is a specialized industry.
Truck transportation companies are widely using robotics solutions to reduce delivery time and costs. It enables truck transportation companies move boxes and containers in and out of semitrailers and ocean freight containers, irrespective of its shape and size. Robotics mainly helps truck transportation companies reduce labour costs while speeding up shipment processing and delivery times. Therefore, courier delivery, logistics and material handling companies such as UPS, DHL, and FedEx are testing robotic loading and unloading of irregular parcels. For instance, DHL started testing Baxter and Sawyer robots for co-packing and value-added tasks, such as packaging, assembly, kitting, and pre-retail services, in 2016. Earlier, material handling systems company Weeknight Corporation had launched the Robotic Truck Unloader (RTU) in 2013. It is an autonomous robotic machine that can be used to unload floor-loaded products from truck trailers or ocean freight containers.
The global truck transportation market is primarily driven by positive economic outlook in many developed and developing economies and strong economic activity in emerging countries such as China and India in the forecast period.
Download a sample of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=1962&type=smp
The global truck transportation market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With economic growth, steady demand for truck services from manufacturing industries globally, the global truck transportation market is expected to increase in potential and scope. TBRC’s report also covers the truck transportation drivers and restraints in the market.
The global truck transportation market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global truck transportation market report are C.H. Robinson, J.B. Hunt Transport Services, YRC Freight, Swift Transportation, Landstar.
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