Freight Trucking Market

By Truck Type;

Refrigerated Truck, Tanker, Dry Van and Flatbed

By End User;

Automobiles, Machinery, Apparels & Footwear, Pharmaceutical Products, Retail, Electronics, Petrochemicals, Agriculture, Building Materials and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn408305520 Published Date: September, 2025 Updated Date: October, 2025

Freight Trucking Market Overview

Freight Trucking Market (USD Million)

Freight Trucking Market was valued at USD 3,197.07 million in the year 2024. The size of this market is expected to increase to USD 4,558.92 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.


Freight Trucking Market

*Market size in USD million

CAGR 5.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.2 %
Market Size (2024)USD 3,197.07 Million
Market Size (2031)USD 4,558.92 Million
Market ConcentrationMedium
Report Pages339
3,197.07
2024
4,558.92
2031

Major Players

  • Cargo Carriers
  • UPS
  • FedEx
  • Ceva Holdings
  • Tuma Transport
  • Swift Transport
  • Interlogix, Kuehne +Nagel
  • Transtech Logistics
  • Procet Freight
  • Concargo and J&J

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Freight Trucking Market

Fragmented - Highly competitive market without dominant players


The freight trucking market plays a critical role in facilitating the movement of goods across industries, ensuring efficient supply chain operations. Over 65% of total inland freight is transported via trucks, highlighting the sector’s dominance in logistics networks. Rising industrial output and retail distribution continue to expand the demand for this mode of transport, making it a central pillar of modern trade and commerce.

Growing Influence of E-commerce
The surge in e-commerce shipments has been a defining factor in boosting freight trucking demand. Nearly 40% of trucking loads are now directly linked to online retail and last-mile delivery needs. With businesses prioritizing speed and reliability, trucking services have become indispensable in addressing time-sensitive deliveries and consumer expectations.

Technological Advancements in Operations
Integration of digital platforms, telematics, and route optimization systems has improved trucking efficiency significantly. Approximately 30% of fleet operators have adopted advanced fleet management systems to reduce downtime and enhance cost-effectiveness. These innovations are reshaping how trucking companies manage resources and improve delivery accuracy.

Focus on Sustainability and Efficiency
The industry is progressively moving toward eco-friendly solutions with an emphasis on fuel efficiency and emission reduction. More than 25% of fleets are reported to be transitioning toward hybrid or alternative fuel vehicles. This trend is not only minimizing operational costs but also aligning the sector with broader sustainability goals.

Future Growth Outlook
With strong industrial demand, digital integration, and sustainability-focused transitions, the freight trucking market is set for sustained growth. Nearly 50% of logistics firms are planning strategic investments to expand their trucking capacities, highlighting the confidence in its long-term potential as a backbone of trade.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Truck Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Freight Trucking Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Globalization and International Trade
        2. Urbanization and Population Growth
        3. Infrastructure Investments
      2. Restraints
        1. Regulatory Compliance Costs
        2. Rising Fuel Prices
        3. Competitive Pressure from Alternative Modes
      3. Opportunities
        1. Technological Innovation
        2. Supply Chain Optimization
        3. International Trade Expansion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Freight Trucking Market, By Truck Type, 2021 - 2031 (USD Million)
      1. Refrigerated Truck
      2. Tanker
      3. Dry Van
      4. Flatbed
    2. Freight Trucking Market, By End User, 2021 - 2031 (USD Million)
      1. Automobiles
      2. Machinery
      3. Apparels & Footwear
      4. Pharmaceutical Products
      5. Retail
      6. Electronics
      7. Petrochemicals
      8. Agriculture
      9. Building Materials
      10. Others
    3. Freight Trucking Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. DHL
      2. United Parcel Service
      3. FedEx Corporation
      4. XPO Logistics
      5. J.B. Hunt Transport Services, Inc.
      6. Schneider National, Inc.
      7. CEVA Logistics
      8. Yellow Corporation
      9. C.H. Robinson Worldwide, Inc.
      10. A.P. Moller-Maersk
      11. Deutsche Post
      12. Old Dominion Freight Line
      13. Knight
      14. Nippon Express Co., Ltd.
      15. YRC Freight
  7. Analyst Views
  8. Future Outlook of the Market