Industry Overview
The Truck Freight forwarding is at USD190.0Billion in 2023 and is expected to reach USD280.0Billion by 2030. The Truck Freight forwarding is driven by factors such as increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and increasing global trade. C.H. Robinson, Kuehne + Nagel, DB Schenker, DHL, XPO Logistics, FedEx, DSV Panalpina, UPS, Expeditors, J.B. Hunt, CEVA Logistics, Agility Logistics, Hellmann, Nippon Express, GEODIS, Bolloré Logistics, Yusen Logistics, Damco, SF Express, and others are some of the key players in the market.Truck Freight forwarding Market Size in (USD Billion) CAGR Growth Rate 6%
| Study Period | 2019-2030 |
| Market Size (2023): | USD190.0Billion |
| Market Size (2030): | USD280.0Billion |
| CAGR (2023 - 2030): | 6% |
| Fastest Growing Region | Asia-Pacific |
| Dominating Region | North America |
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Truck freight forwarding involves the organization and management of the transportation of goods using trucks, ensuring timely delivery from origin to destination. Freight forwarders handle logistics, documentation, and coordination with carriers to optimize shipping routes, manage costs, and comply with regulations. Truck freight forwarding is essential for supply chain operations, supporting industries like retail, manufacturing, and agriculture. It often includes services like warehousing, cargo insurance, and tracking systems for enhanced efficiency and transparency.
Key Players
Several key players in the Truck Freight forwarding market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at . The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.- C.H. Robinson
- Kuehne + Nagel
- DB Schenker
- DHL
- XPO Logistics
- FedEx
- DSV Panalpina
- UPS
- Expeditors
- J.B. Hunt
- CEVA Logistics
- Agility Logistics
- Hellmann
- Nippon Express
- GEODIS
- Bolloré Logistics
- Yusen Logistics
- Damco
- SF Express
Truck Freight forwarding Market Segmentation by Players
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Market Dynamics
Market Driver- Expanding Cross-border Trade And Rising Need For Cost-effective Logistics Solutions.
Market Trends
- Adoption of digital freight platforms and real-time tracking technologies in truck freight services.
Opportunity
- Expanding Cross-border Trade And Rising Need For Cost-effective Logistics Solutions.
Challenges
- Volatility In Fuel Prices And Shortage Of Truck Drivers In Several Regions.
Key Highlights
- The Truck Freight forwarding is growing at a 6% during the forecasted period of 2019 to 2030
- Based on type, the market is bifurcated into Domestic Truck Freight, International Truck Freight, Less-Than-Truckload (LTL), Full-Truckload (FTL)
- Based on application, the market is segmented into Automotive, Food & Beverage, E-Commerce, Pharmaceuticals, Consumer Goods
- Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice
Market Segmentation Overview
- Type Segmentation: categorizes products by their specific variants, helping businesses identify demand drivers and innovate effectively.
- Application Segmentation: Divides the market based on product usage across industries, enabling targeted marketing and growth identification.
- Geographic Segmentation: Segments the market by location, allowing for tailored strategies based on regional preferences and economic factors.
- Customer Segmentation: Focuses on demographics like age, gender, and income, enabling personalized marketing and improved customer targeting.
- Distribution Channel Segmentation: categorizes by how products reach customers, optimizing supply chain and sales strategies.
Market Segmentation
Segmentation by Type
- Domestic Truck Freight
- International Truck Freight
- Less-Than-Truckload (LTL)
- Full-Truckload (FTL)
Truck Freight forwarding Market Segmentation by Type
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Segmentation by Application
- Automotive
- Food & Beverage
- E-Commerce
- Pharmaceuticals
- Consumer Goods
Truck Freight forwarding Market Segmentation by Application
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This report also splits the market by region:
Regions
- World
Fastest Growing Region
Asia-Pacific
Dominating Region
North America
Market Estimation Process
Primary & Secondary Approach
The Truck Freight forwarding is analyzed by both primary and secondary research sources. There are numerous methodologies available to navigate and utilize these resources effectively:Surveys and Questionnaires: Getting feedback from healthcare professionals, patients, or any other stakeholders on a particular topic. It is a great method to collect quantitative data on behaviors, preferences, and/or experiences.
One on Ones: Interviews with key stakeholders, including physicians, nurses, and administrators can yield rich qualitative data. The interviews can be divided into structured, semi-structured, or unstructured.
Focus Groups: Pull together small numbers of people who share a common characteristic, trait, or behavior to discuss particular topics. Focus Groups: This offers qualitative data and points of view that are often overlooked, such as attitudes, perceptions, or other statements relating to a specific platform.
Observational Studies: Understanding healthcare practices and patient interactions in the way we do it can say a lot more than what people formally report doing.
Field Studies: This method allows researchers to collect data firsthand from healthcare settings, including hospitals, clinics, and even home. It is a way to touch and feel the context that drives service delivery in healthcare.
Secondary Research in Truck Freight forwarding
Secondary research is a kind of revising, restructuring, and rethinking what has already been collected by primary sources. Such research is beneficial as long as it comes at a low cost and gives an overarching view of the market. Some of the important methods include:
Literature Review: To go through the research papers, articles, and studies published in medical journals, industry reports, and academic publications. This is crucial for understanding the study landscape and identifying knowledge deficits.
Reports From the Industry: It aims in examining reports published by Market Research firms, Healthcare Associations, and Government bodies. This report can also be used by all stakeholders including service providers and delivery chains across the world to identify market opportunities in an undetermined depth.
Public Health Records: Data collected by governments and public health authorities in different countries of the world from organizations with global reach like CDC, WHO, or national departments. These are important because they provide us with epidemiological data and numbers.
Company Reports: Read the annual reports, financial statements, and press releases of healthcare companies. It includes company performance reports, market strategies, and competitive positioning for this domain.
Online Databases: You understand the access to databases like PubMed, MEDLINE, and even Google Scholar for scientific articles and study materials. Some of these databases are treasure troves for peer-reviewed data.
Media Sources: Analyzing news articles, press releases, and media coverage related to the healthcare industry. This helps in staying updated on recent developments and emerging trends.
A blended approach of primary and secondary research methods allows researchers to collect well-rounded, solid data that informs the best decisions and strategies.
Research Methodology
At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.Report Infographics:
| Report Features | Details |
| Base Year | 2023 |
| Based Year Market Size (2023) | USD190.0Billion |
| Historical Period Market Size (2019) | USD150.0Billion |
| CAGR (2023 to 2030) | 6% |
| Forecast Period | 2025 to 2030 |
| Forecasted Period Market Size (2030) | USD280.0Billion |
| Scope of the Report | Domestic Truck Freight, International Truck Freight, Less-Than-Truckload (LTL), Full-Truckload (FTL), Automotive, Food & Beverage, E-Commerce, Pharmaceuticals, Consumer Goods |
| Regions Covered | World |
| Year on Year Growth | |
| Companies Covered | C.H. Robinson, Kuehne + Nagel, DB Schenker, DHL, XPO Logistics, FedEx, DSV Panalpina, UPS, Expeditors, J.B. Hunt, CEVA Logistics, Agility Logistics, Hellmann, Nippon Express, GEODIS, Bolloré Logistics, Yusen Logistics, Damco, SF Express |
| Customization Scope | 15% Free Customization (For EG) |
| Delivery Format | PDF and Excel through Email |
Truck Freight forwarding - Table of Contents
Chapter 1: Market Preface
- 1.1 World Truck Freight forwarding Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 World Truck Freight forwarding Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : World Truck Freight forwarding Market Business Environment & Changing Dynamics
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3.1 Growth Drivers
- 3.1.1 Expanding cross-border trade and rising need for cost-effective logistics solutions.
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3.2 Available Opportunities
- 3.2.1 Expanding cross-border trade and rising need for cost-effective logistics solutions.
-
3.3 Influencing Trends
- 3.3.1 Adoption of digital freight platforms and real-time tracking technologies in truck freight services.
-
3.4 Challenges
- 3.4.1 Volatility in fuel prices and shortage of truck drivers in several regions.
- 3.5 Regional Dynamics
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Sectional Purchase
Chapter 4 : World Truck Freight forwarding Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Truck Freight forwarding Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Truck Freight forwarding : Competition Benchmarking & Performance Evaluation
- 5.1 World Truck Freight forwarding Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Truck Freight forwarding Revenue 2023
- 5.3 World Truck Freight forwarding Sales Volume by Manufacturers (2023)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 Ansoff Matrix
- 5.6 FPNV Positioning Matrix
Chapter 6: World Truck Freight forwarding Market: Company Profiles
- 6.1 C.H. Robinson
- 6.1.1 C.H. Robinson Company Overview
- 6.1.2 C.H. Robinson Product/Service Portfolio & Specifications
- 6.1.3 C.H. Robinson Key Financial Metrics
- 6.1.4 C.H. Robinson SWOT Analysis
- 6.1.5 C.H. Robinson Development Activities
- 6.2 Kuehne + Nagel
- 6.3 DB Schenker
- 6.4 DHL
- 6.5 XPO Logistics
- 6.6 FedEx
- 6.7 DSV Panalpina
- 6.8 UPS
- 6.9 Expeditors
- 6.10 J.B. Hunt
- 6.11 CEVA Logistics
- 6.12 Agility Logistics
- 6.13 Hellmann
- 6.14 Nippon Express
- 6.15 GEODIS
- 6.16 Bolloré Logistics
- 6.17 Yusen Logistics
- 6.18 Damco
- 6.19 SF Express
- 6.20 Penske
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Sectional Purchase
Chapter 7 : World Truck Freight forwarding by Type & Application (2019-2030)
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7.1 World Truck Freight forwarding Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Domestic Truck Freight
- 7.1.2 International Truck Freight
- 7.1.3 Less-Than-Truckload (LTL)
- 7.1.4 Full-Truckload (FTL)
- 7.1.5 Specialized Freight
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7.2 World Truck Freight forwarding Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Automotive
- 7.2.2 Food & Beverage
- 7.2.3 E-Commerce
- 7.2.4 Pharmaceuticals
- 7.2.5 Consumer Goods
- 7.3 World Truck Freight forwarding Market Revenue Analysis (USD Million) by Type (2023-2030)
- 7.4 World Truck Freight forwarding Market Revenue Analysis (USD Million) by Application (2023-2030)
Chapter 8: Research Findings & Conclusion
- 8.1 Key Findings
- 8.2 Conclusion
Chapter 9: Methodology and Data Source
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9.1 Research Methodology & Approach
- 9.1.1 Research Program/Design
- 9.1.2 Market Size Estimation
- 9.1.3 Market Breakdown and Data Triangulation
-
9.2 Data Source
- 9.2.1 Secondary Sources
- 9.2.2 Primary Sources
Chapter 10: Appendix & Disclaimer
- 10.1 Acronyms & bibliography
- 10.2 Disclaimer
Frequently Asked Questions (FAQ):
The Truck Freight forwarding market is expected to see value worth USD 190.0 Billion in 2023.
The Truck Freight forwarding Market is predicted to grow at a CAGR of 6%.
Some of the prominent trends that are influencing and driving the growth of World Truck Freight forwarding Market are Adoption Of Digital Freight Platforms And Real-time Tracking Technologies In Truck Freight Services.
- Expanding Cross-border Trade And Rising Need For Cost-effective Logistics Solutions.
Business transformation in Truck Freight forwarding Market has taken hold due to the confluence of several important triggers, some of them are Volatility In Fuel Prices And Shortage Of Truck Drivers In Several Regions..
The market opportunity is clear from the flow of investment into World Truck Freight forwarding Market, some of them are Expanding Cross-border Trade And Rising Need For Cost-effective Logistics Solutions..
C.H. Robinson, Kuehne + Nagel, DB Schenker, DHL, XPO Logistics, FedEx, DSV Panalpina, UPS, Expeditors, J.B. Hunt, CEVA Logistics, Agility Logistics, Hellmann, Nippon Express, GEODIS, Bolloré Logistics, Yusen Logistics, Damco, SF Express, Penske are the major operating companies profiled in Truck Freight forwarding market study.
Research paper of World Truck Freight forwarding Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Automotive, Food & Beverage, E-Commerce, Pharmaceuticals, Consumer Goods.
The World Truck Freight forwarding Market Study is segmented by Domestic Truck Freight, International Truck Freight, Less-Than-Truckload (LTL), Full-Truckload (FTL), Specialized Freight.
The World Truck Freight forwarding Market Study includes regional breakdown as World
Historical Year: 2019 - 2023; Base year: 2023; Forecast period: 2025 to 2030
Truck freight forwarding involves the organization and management of the transportation of goods using trucks, ensuring timely delivery from origin to destination. Freight forwarders handle logistics, documentation, and coordination with carriers to optimize shipping routes, manage costs, and comply with regulations. Truck freight forwarding is essential for supply chain operations, supporting industries like retail, manufacturing, and agriculture. It often includes services like warehousing, cargo insurance, and tracking systems for enhanced efficiency and transparency.
