General Freight Trucking Market Overview 2023-2027: Projected Market Size, Major Driver, And Leading Players - By The Business Research Company

E-Commerce Surge Fuels Market Growth E-Commerce Surge Fuels Market Growth A pivotal driver behind thegeneral freight trucking market's growthis the surge in e-commerce sales, which heavily relies on efficient freight trucking services to transport products and goods. E-commerce, defined as the purchase and sale of products and services on the Internet, has become a global phenomenon with a significant impact on the general freight trucking market. For instance, inMarch 2022,...

LONDON, 28/09/2023 (informazione.news - comunicati stampa - trasporti)

A pivotal driver behind the general freight trucking market's growth is the surge in e-commerce sales, which heavily relies on efficient freight trucking services to transport products and goods. E-commerce, defined as the purchase and sale of products and services on the Internet, has become a global phenomenon with a significant impact on the general freight trucking market.

For instance, in March 2022 , e-commerce sales in Canada reached an estimated $2.34 billion , with predictions indicating that retail e-commerce sales will soar to $40.3 billion by 2025. The surge in e-commerce sales is expected to drive increased demand for the transportation of goods, further fueling the growth of the general freight trucking market.

 

In 2021, United Parcel Service, Inc. emerged as the leading competitor in the general freight trucking market, holding a 2.25% share. UPS, a logistics and package delivery company, is renowned for its supply chain management solutions and operates an extensive fleet of over 121,000 package cars, vans, tractors, motorcycles, and owns 59,000 containers used for cargo transport in aircraft. In June 2022 , the company introduced eQuads, its innovative miniature e-trucks for package delivery, powered by batteries, and designed to reduce carbon emissions.

A prominent trend gaining traction in the general freight trucking market is strategic partnerships and collaborations. Major companies in the industry are forming alliances to leverage each other's resources and expand their market presence.

For instance, in March 2023 , Uber Freight, a US-based company that facilitates freight and delivery management, entered into a partnership with WattEV, a US-based company offering electric trucks as a service. This partnership allows WattEV to provide its electric trucks to Uber Freight shippers, further promoting sustainable and efficient freight transportation.

 

The global general freight trucking market is segmented into three key categories:

Among the segments, emerged as the largest in 2022, accounting for or 85.4% of the total market. This segment is also expected to experience the fastest growth in the future, with a CAGR of 10.8%.

Long Distance General Freight Trucking Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/longdistance-general-freight-trucking-global-market-report

Local General Freight Trucking Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/local-general-freight-trucking-global-market-report

Freight And Logistics Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/freight-and-logistics-global-market-report

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