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TwitterThis statistic portrays the world's largest trucking companies as of 2022, based on market value. With a market value of around ***** billion U.S. dollars, the Danish company DSV was ranked first, while Japan-based Nippon Express came in sixth. The world's largest trucking companies as of 2022, based on market value Today, emerging and industrialized nations alike rely on trains, ships, planes and trucks as the primary means for commercial transportation and the circulation of goods. Globally, the trucking industry is responsible for the transportation of many different products and services, including passenger cars and other consumer goods, foodstuffs, bulk products and hazardous materials. The largest trucking company in the world, the Danish company DSV, had a market value of approximately ***** billion U.S. dollars. U.S. trucking industry In the United States, the freight trucking industry employs more than ******* people every year. It is estimated that in 2020, the U.S. freight trucking industry employed around ******* people. Furthermore, it is estimated that in 2020, the local specialized freight trucking industry in the United States generated around **** billion U.S. dollars in revenue. As a result of the growth in the trucking industry, there is an estimated growth in the number of enterprises in the U.S. local specialized freight trucking industry. In 2020, it is estimated that more than ****** enterprises were part of the freight trucking industry in the United States.
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Freight Trucking Market size was valued at USD 2.17 Trillion in 2022 and is poised to grow from USD 2.28 Trillion in 2023 to USD 3.42 Trillion by 2031, at a CAGR of 5.2% during the forecast period (2024-2031).
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The Trucking Service market plays a crucial role in the global economy, serving as a backbone for the transportation of goods across various sectors, including manufacturing, retail, and construction. With an ever-increasing demand for timely and efficient delivery of products, the trucking industry has seen signifi
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TwitterSuccess.ai’s Transport and Logistics Data for Transportation, Trucking & Railroad Industry Leaders Globally provides a robust and reliable dataset designed to connect businesses with decision-makers and professionals across the transportation and logistics sectors. Covering leaders in trucking, railroads, and supply chain management, this dataset offers verified contact details, firmographic insights, and actionable business data.
With access to over 700 million verified global profiles and insights from key logistics companies, Success.ai ensures your marketing, sales, and operational strategies are powered by accurate, continuously updated, and AI-validated data. Backed by our Best Price Guarantee, this solution is ideal for navigating the ever-evolving transport and logistics industries.
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The Stake Truck market represents a dynamic segment of the trucking industry, characterized by vehicles designed with open cargo areas framed by vertical posts or stakes, allowing for the secure transportation of various materials and goods. These trucks are particularly valuable in sectors such as construction, agr
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Truck-As-A-Service Market Size 2025-2029
The truck-as-a-service market size is forecast to increase by USD 19.41 billion, at a CAGR of 4.8% between 2024 and 2029.
The Truck-as-a-Service (TaaS) market is experiencing significant growth, driven by the digital transformation in the trucking industry. Companies are increasingly adopting technology-driven business models, shifting from traditional truck ownership to TaaS. This trend is expected to continue as the industry embraces advanced technologies such as telematics, predictive maintenance, and real-time freight matching. However, the market faces a major challenge in the form of the shortage of truck drivers. This issue is compounded by the increasing demand for freight transportation and the aging workforce. Fleet utilization and route optimization software, integrated with mobile apps and APIs, are streamlining operations and enhancing productivity.
Another emerging trend is the use of blockchain in trucking, which offers potential benefits such as increased transparency, improved security, and enhanced operational efficiency. Companies that can effectively address these challenges and leverage these trends will be well-positioned to capitalize on the opportunities in the TaaS market. To mitigate this challenge, companies are exploring solutions such as driver training programs, partnerships with third-party logistics providers, and the adoption of automation technologies. Moreover, the adoption of driver safety features, such as geofencing technology and real-time location tracking, is gaining traction to ensure compliance with regulations and improve safety.
What will be the Size of the Truck-As-A-Service Market during the forecast period?
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The market continues to evolve, driven by advancements in technology and shifting business needs. Maintenance scheduling and route optimization are key areas of focus, with predictive maintenance strategies becoming increasingly prevalent. Asset utilization is maximized through pay-per-use models, enabling businesses to only pay for the truck usage they require. Real-time tracking and active safety features ensure operational efficiency and improved driver safety. Fuel efficiency monitoring and compliance monitoring are essential for reducing costs and maintaining regulatory compliance. Over-the-air updates allow for continuous improvement, while repair cost reduction is a significant benefit. A data analytics platform is central to these efforts, providing valuable insights into performance metrics, engine diagnostics, and driver behavior analysis.
Subscription models and usage-based insurance offer flexible pricing options, while tire pressure monitoring and brake system monitoring ensure vehicle reliability. Parts inventory management and geofencing capabilities enable proactive maintenance, reducing vehicle downtime. Telematics integration, including insurance telematics, provides real-time data for remote diagnostics and remote control diagnostics. Connected vehicle technology and uptime optimization further enhance the value proposition of truck-as-a-service offerings. For instance, a leading logistics company reported a 20% reduction in vehicle downtime by implementing a comprehensive fleet management system with real-time tracking and predictive maintenance capabilities. Industry growth in the market is expected to reach 15% annually, underpinned by these continuous innovations.
How is this Truck-As-A-Service Industry segmented?
The truck-as-a-service industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Service
Rental services
Telematics and analytics
Truck platooning
Application
Chemicals
Pharmaceutical and healthcare
FMCG
Food and beverages
Others
Vehicle Type
Light duty trucks
Heavy duty trucks
Geography
North America
US
Canada
Mexico
Europe
France
Germany
Italy
UK
APAC
China
India
Japan
Rest of World (ROW)
By Service Insights
The Rental services segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth, driven by the increasing adoption of advanced technologies such as predictive maintenance, real-time tracking, and route optimization. These innovations enable fleet management systems to improve asset utilization, reduce repair costs, and enhance operational efficiency. For instance, predictive maintenance based on engine diagnostics and performance metrics can help identify potential issues before they cause vehicle downtime, ensuring uptime optimization. Moreover, the pay-per-use model, which allows businesses to pay for t
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The US road freight transport market is booming, with a projected 5.98% CAGR through 2033. Learn about key drivers, trends, and restraints impacting this multi-billion dollar industry, including e-commerce growth, infrastructure investments, and driver shortages. Explore market segmentation data and key players shaping the future of US logistics. Recent developments include: February 2024: C.H. Robinson has developed a new technology that creates a major efficiency in freight shipping: removing the work of scheduling an appointment at the place where a load needs to be picked up and scheduling another appointment where the load needs to be delivered. The technology also uses artificial intelligence to determine the optimal appointment, based on transit-time data from C.H. Robinson’s millions of shipments across 300,000 shipping lanes.October 2023: Ryder Systems continues to expand its multiclient warehouse network, adding a 400,000-square-foot distribution center in Aurora, Ill. The newly built facility is the latest addition to a now six-building campus totaling 2.4 million square feet, primarily serving shippers of consumer packaged goods (CPG), including food and beverage, food ingredients, health and beauty, household products, and general retail merchandise.September 2023: UPS has entered into an agreement to acquire MNX Global Logistics (MNX), a global time-critical logistics provider. MNX’s capabilities in radio-pharmaceuticals and temperature-controlled logistics will help UPS’ healthcare segment and clinical trial logistics subsidiary Marken meet the growing demand for these services. The transaction is expected to close by the end of the year.. Key drivers for this market are: Growing trade relations, Increased demand for perishable goods. Potential restraints include: Cargo theft, High cost of maintainig. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
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The Long Haul Trucking market is a vital segment of the broader transportation and logistics industry, facilitating the efficient movement of goods across vast distances, typically exceeding 250 miles. This sector plays a crucial role in global commerce, ensuring that products reach consumers and businesses in a tim
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Tank Trucking Market Size 2025-2029
The tank trucking market size is forecast to increase by USD 134.2 billion at a CAGR of 8.5% between 2024 and 2029.
The market is witnessing significant growth due to the escalating demand for the transportation of oil and natural gas. This sector is experiencing a rise in demand as the energy industry continues to expand, particularly in regions with abundant oil and gas reserves. Furthermore, technological advancements are revolutionizing the tank trucking industry, enabling more efficient and cost-effective transportation solutions. With industrialization and urbanization on the rise in emerging economies, the need for power generation, manufacturing, and transportation fuels continues to expand. However, the market faces challenges related to leakage issues during transportation.
Addressing these challenges through the implementation of advanced technologies and stringent safety protocols will be crucial for market participants seeking to capitalize on the opportunities presented by the growing demand for oil and gas transportation. Companies that successfully navigate these challenges and leverage technological advancements will be well-positioned to thrive in this dynamic market. These incidents can result in environmental hazards, regulatory penalties, and reputational damage for companies.
What will be the Size of the Tank Trucking Market during the forecast period?
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In the complex and dynamic world of tank trucking, various market elements interplay to shape industry trends. Fuel cards facilitate efficient payment processing for diesel purchases, while rail transport serves as an alternative to road transport for certain cargo. Safety audits and tanker maintenance ensure regulatory compliance and vehicle reliability. Parking facilities, fuel consumption monitoring, and traffic management optimize fleet operations. Trailers' manufacturing and third-party logistics (3PL) services streamline supply chains, with freight brokers acting as intermediaries. Road conditions necessitate maintenance contracts and fleet management software, while inventory management and compliance certifications maintain regulatory adherence.
Cargo theft prevention, parts distributors, and port operations ensure seamless cargo handling. Background checks, route planning software, driver welfare, and driver licensing maintain a skilled workforce. Regulatory bodies, rest areas, driver pay, warehouse management, vehicle tracking, drug testing, driver behavior analysis, logistics providers, engine diagnostics, supply chain optimization, lease vs buy, financing options, preventive maintenance programs, and security systems are integral components of the evolving tank trucking landscape. Weather forecasting, intermodal transportation, and insurance providers mitigate risks. The market is experiencing significant growth due to the increasing demand for transporting oil and natural gas.
How is this Tank Trucking Industry segmented?
The tank trucking industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Ownership
For hire
Private
Capacity
Medium duty
Heavy duty
Light duty
Application
Oil and gas
Chemicals
Food and beverage
Agriculture
Others
Geography
North America
US
Canada
Europe
France
Germany
Italy
Spain
UK
APAC
China
India
Singapore
Rest of World (ROW)
By Ownership Insights
The for hire segment is estimated to witness significant growth during the forecast period. The for-hire segment in the market is a critical player in the transportation of bulk liquids, chemicals, fuels, and food-grade products. For-hire carriers provide specialized logistics services to a wide range of clients, from small businesses to multinational corporations, offering operational flexibility that allows shippers to scale their transportation needs without the burden of fleet ownership or maintenance. With a focus on safety and compliance, given the hazardous nature of many transported materials, these companies employ advanced technologies for route optimization, real-time GPS tracking, and regulatory adherence. Digital freight matching platforms enhance the efficiency of the industry by connecting shippers and carriers in real-time, optimizing load planning and reducing empty miles.
Specialized tankers cater to the unique requirements of various industries, such as chemical tankers, sanitation standards for food-grade products, and safety regulations for hazardous materials. Fuel efficiency and cost-effective
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The global freight trucking market is experiencing robust growth, driven by the expansion of e-commerce, increasing globalization, and the continued growth of manufacturing and retail sectors. The market's size, while not explicitly stated, can be reasonably estimated based on the provided segments and major players. Considering the involvement of industry giants like Maersk and FedEx, and the extensive geographical coverage, a conservative estimate for the 2025 market size could be in the range of $800 billion to $1 trillion USD. The compound annual growth rate (CAGR) – while unspecified – is likely to be within the range of 4-6% over the forecast period (2025-2033), influenced by factors such as infrastructure development, technological advancements in logistics management (e.g., GPS tracking, route optimization software), and the ongoing shift towards just-in-time delivery models. However, constraints such as fluctuating fuel prices, driver shortages, and increasing regulatory compliance costs pose challenges to this growth. The market segmentation reveals significant opportunities in various end-user industries, with agriculture, construction, and manufacturing representing substantial portions of the overall demand. The preference for full-truckload (FTL) shipments over less-than-truckload (LTL) is expected to remain prominent, particularly for long-haul transportation of solid goods. Geographical distribution reflects the importance of North America and Asia Pacific as key regions, though robust growth is anticipated across Europe and other developing economies. The diverse range of services offered and the presence of major global players contribute to the market's complexity. The trucking industry's dependence on efficient logistics and supply chains makes it highly sensitive to economic fluctuations. Future growth will be shaped by technological innovations in autonomous trucking, improved route optimization algorithms, and the evolution of sustainable transportation practices (e.g., electric and alternative fuel vehicles). Addressing driver shortages through improved working conditions and compensation packages will be critical for sustained growth. Further research into specific CAGR data and precise market size estimations would enhance the accuracy of these projections, especially with regards to the impact of unforeseen global events and evolving consumer behavior. Market analysis focusing on individual segments (e.g., temperature-controlled freight trucking) could also provide more detailed insights into regional growth opportunities and investment potential. Recent developments include: February 2024: C.H. Robinson has developed a new technology that creates a major efficiency in freight shipping: removing the work of scheduling an appointment at the place where a load needs to be picked up and scheduling another appointment where the load needs to be delivered. The technology also uses artificial intelligence to determine the optimal appointment, based on transit-time data from C.H. Robinson’s millions of shipments across 300,000 shipping lanes.July 2023: Transportes Marava has started operations of 10 Q3MA electric tractor-trailers for the Aguascalientes assembly plant. The main objective of this initiative is to reduce CO2 emissions and promote more sustainable practices in the freight transport sector.July 2023: DHL Supply Chain has announced an investment of EUR 500 million into the strategically located Latin American markets. These investments made until 2028 are supposed to strengthen DHL’s operations in Latin America. The investment is part of DHL Supply Chain’s strategic investment plan to further strengthen logistics capabilities in high-demand sectors, such as: Healthcare, automotive, technology, retail, e-commerce, among others.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
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The US food truck market is booming, projected to reach $1.77 billion by 2033, fueled by diverse culinary trends, entrepreneurial spirit, and convenient dining. Explore market size, CAGR, segmentation, key players, and future growth projections. Recent developments include: March 2024: The National Park of Boston in the United States announced the call for bids for food truck vendors to operate at the Charlestown Navy Yard through a Request for Bids (RFB) proposal. The administration is willing to lease two spaces identified by the National Park Service (NPS) as suitable for mobile food and beverage vending in the Charlestown Navy Yard at Boston National Historical Park. Further, the administration stated that the minimum rent for the lease is USD 40 per shift per day., April 2023: Aggie Campus Basic Needs Center, Student Housing and Dining Services, and the Division of Student Affairs announced a partnership to launch a food truck brand, AggieEats, to address food insecurity among students at the University of California, Davies, in the United States. The food truck operates in four locations: East Quad, Student Health and Wellness Center, Storer Hall, and West Village, and are open on weekdays between 11:00 am and 2:00 pm.. Key drivers for this market are: Increasing Consumer Preference toward Fast Food Consumption Fosters the Growth of the Market. Potential restraints include: Rapid Integration of Online Food Delivery Services Hampers the Growth of the Market. Notable trends are: The Customized Truck Segment is Expected to Gain Traction Between 2024 and 2029.
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The North American freight transport by road market is booming, with a CAGR exceeding 13.50%. This analysis explores key trends, drivers, and restraints impacting major players like FedEx and UPS, covering segments like FTL, LTL, and regional variations. Discover market size projections and growth opportunities in this dynamic sector. Recent developments include: February 2024: C.H. Robinson has developed a new technology that creates a major efficiency in freight shipping: removing the work of scheduling an appointment at the place where a load needs to be picked up and scheduling another appointment where the load needs to be delivered. The technology also uses artificial intelligence to determine the optimal appointment, based on transit-time data from C.H. Robinson’s millions of shipments across 300,000 shipping lanes.October 2023: Ryder System has entered into a definitive agreement to acquire IFS Holdings, known as Impact Fulfillment Services. The 3PL provides a range of services, including contract packaging and manufacturing, warehousing and more. The deal aims to expand Ryder’s supply chain services by adding 15 operations across nine states, involving California, Florida, Georgia, Illinois, North Carolina, Ohio, Pennsylvania, Texas and Utah.October 2023: Truck and industrial equipment maker Volvo, auto maker Renault, and shipping giant CMA CGM unveiled a joint venture that would create a company aimed at developing a new series of electric vans. The partnership would provide electric urban transportation for companies in the logistics and transportation sector seeking to decarbonize their fleets.. Key drivers for this market are: 4., Increase demand of Petrochemical is driving the market4.; Increase in Investments is driving the market. Potential restraints include: 4., High Cost of Operations. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
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Food trucks have seen significant growth over the last five years, cementing their position as a standout in the broad food services sector. Notably, this expansion is largely due to evolving consumer tastes shifting in favor of unique, gourmet cuisine offered at prices lower than those in traditional sit-down restaurants. The industry has thrived, with cities like Portland, LA and Austin passing regulations and establishing designated areas for this new wave of culinary delights. The industry revenue stayed resilient despite higher inflationary pressures. Therefore, industry revenue is expected to reach $2.8 billion, with an annualized growth rate of 13.2% over the five years to 2025. However, in 2025 alone, industry revenue is expected to marginally decline 0.2% due to higher tariffs that force most food truck vendors to raise their prices. Nevertheless, not all food truck industry vendors celebrate this success. City regulations, escalating competition, and minuscule profit margins are tripping up some. Food truck-specific laws are not uniform; they differ by city. These laws determine the working hours and conditions for the food trucks, often including specified distances from traditional brick-and-mortar establishments. Indeed, these restaurants often see the food trucks as direct competition and have rallied against the industry. Food trucks will still face significant challenges over the next five years. The most prominent are regulatory roadblocks, stunting industry growth. Parking and other concerns legislation remains a work in progress in many towns as they scramble to accommodate the wave of change. Nonetheless, rising household incomes and the growing interest in convenient yet affordable gourmet cuisine will fuel the industry's expansion. The projected revenue growth over the five years to 2030 is a CAGR of 0.3%, reaching $2.9 billion.
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Recognizing LinkedIn as the virtual nexus for professionals, BizOps Continuum empowers your team to forge and nurture connections with precision on this platform. Matching our expansive data with LinkedIn profiles allows your marketing and sales teams to pinpoint and engage potential clients within the Supply Chain arena, fostering professional relationships through personalized InMail strategies, connection requests, and content sharing that resonates with the unique trends and necessities inherent in Supply Chain dynamics.
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Discover the booming global restaurant food truck market! This report reveals a $15 billion market in 2025, projected to reach $25 billion by 2033 at a 7% CAGR. Explore key trends, segments (electric, gas, unpowered), regional breakdowns, and leading companies shaping this dynamic industry.
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The Florida Freight And Logistics Market report segments the industry into By Logistic Function (Courier, Express, And Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing And Storage, Other Services) and By End User Industry (Agriculture, Fishing And Forestry, Construction, Manufacturing, Oil And Gas, Mining And Quarrying, Wholesale And Retail Trade, Others).
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Discover the booming mobile food truck industry! This comprehensive market analysis reveals key trends, growth projections (CAGR 8% through 2033), leading companies, and regional market shares. Learn about the drivers, restraints, and future opportunities in this dynamic sector.
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The United States Road Freight Transport Market Report is Segmented by End User Industry (Manufacturing, and More), Destination (Domestic and International), Truckload Specification (FTL and LTL), Distance (Long Haul and Short Haul), Goods Configuration (Fluid Goods and Solid Goods), Temperature Control (Non-Temperature and Temperature Controlled), and by Containerization. The Market Forecasts are Provided in Terms of Value (USD).
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TwitterThis statistic portrays the world's largest trucking companies as of 2022, based on market value. With a market value of around ***** billion U.S. dollars, the Danish company DSV was ranked first, while Japan-based Nippon Express came in sixth. The world's largest trucking companies as of 2022, based on market value Today, emerging and industrialized nations alike rely on trains, ships, planes and trucks as the primary means for commercial transportation and the circulation of goods. Globally, the trucking industry is responsible for the transportation of many different products and services, including passenger cars and other consumer goods, foodstuffs, bulk products and hazardous materials. The largest trucking company in the world, the Danish company DSV, had a market value of approximately ***** billion U.S. dollars. U.S. trucking industry In the United States, the freight trucking industry employs more than ******* people every year. It is estimated that in 2020, the U.S. freight trucking industry employed around ******* people. Furthermore, it is estimated that in 2020, the local specialized freight trucking industry in the United States generated around **** billion U.S. dollars in revenue. As a result of the growth in the trucking industry, there is an estimated growth in the number of enterprises in the U.S. local specialized freight trucking industry. In 2020, it is estimated that more than ****** enterprises were part of the freight trucking industry in the United States.