Global Specialized Freight Trucking Market Report (2021 to 2030) - COVID-19 Impact and Recovery - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Specialized Freight Trucking Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global specialized freight trucking market as it emerges from the COVID-19 shut down.

The global specialized freight trucking market is expected to grow from $780.83 billion in 2020 to $847.35 billion in 2021 at a compound annual growth rate (CAGR) of 8.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1134.66 billion in 2025 at a CAGR of 8%.

Companies Mentioned

• UPS (United Parcel Service)
• Fedex (Federal Express)
• Schneider National
• C.H. Robinson
• J.B. Hunt Transport Services

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market research findings.
• Benchmark performance against key competitors.
• Utilize the relationships between key data sets for superior strategizing.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis

North America was the largest region in the global specialized freight trucking market, accounting for 29% of the market in 2020. Asia Pacific was the second largest region accounting for 28% of the global specialized freight trucking market. Africa was the smallest region in the global specialized freight trucking market.

Truck transportation companies are widely using collision mitigation technology to reduce loss of lives and damages associated with accidents. Collision mitigation system detects the impending strike and alerts the driver about any collision. These systems are installed within the vehicle and in case of an imminent accident, they can take an action automatically without the driver's input. These systems are becoming standard inbuilt feature on many new trucks in many countries globally. For instance, in 2018, the National Highway Traffic Safety Administration (NHTSA) in the USA has mandated new commercial trucks to be equipped with collision mitigation systems. The agency stated that this could prevent nearly 2000 crashes every year. Major companies manufacturing these systems for trucks include Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., and General Electric Company.

The specialized freight trucking services market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in end user markets, thereby driving the market during forecast period.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Specialized Freight Trucking Market Characteristics

4. Specialized Freight Trucking Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Specialized Freight Trucking Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Specialized Freight Trucking Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Specialized Freight Trucking Market Trends and Strategies

8. Impact of COVID-19 on Specialized Freight Trucking

9. Specialized Freight Trucking Market Size and Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.3. Forecast Market Growth, Value ($ Billion)

10. Specialized Freight Trucking Market Regional Analysis

10.1. Global Specialized Freight Trucking Market, 2020, by Region, Value ($ Billion)

10.2. Global Specialized Freight Trucking Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region

10.3. Global Specialized Freight Trucking Market, Growth and Market Share Comparison, by Region

11. Specialized Freight Trucking Market Segmentation

11.1. Global Specialized Freight Trucking Market, Segmentation by Type

11.2. Global Specialized Freight Trucking Market, Segmentation by Application

11.3. Global Specialized Freight Trucking Market, Segmentation by Size, Historic and Forecast

12. Specialized Freight Trucking Market Metrics

12.1. Specialized Freight Trucking Market Size, Percentage of GDP, 2015-2025, Global

12.2. Per Capita Average Specialized Freight Trucking Market Expenditure, 2015-2025, Global

For more information about this report visit https://www.researchandmarkets.com/r/njcfgq