Trucking Market, By Truck Type, By Service Type, By Geography

Description

Global Trucking Market is estimated to be valued at USD 14.14 Tn in 2025 and is expected to reach USD 20.96 Tn by 2032, growing at a compound annual growth rate (CAGR) of 5.80% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 14.14 Tn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	5.80%	2032 Value Projection:	USD 20.96 Tn

The global trucking market has experienced significant growth in recent years, driven by the increasing demand for efficient transportation solutions across various industries. Trucking plays a vital role in the supply chain, connecting manufacturers, distributors, and consumers worldwide. The market encompasses a wide range of services, including full truckload (FTL), less than truckload (LTL), and intermodal transportation. With the advent of advanced technologies, such as telematics and autonomous vehicles, the trucking industry is undergoing a transformative phase, focusing on enhancing operational efficiency, safety, and sustainability. As global trade continues to expand and e-commerce gains momentum, the trucking market is poised for substantial growth, presenting numerous opportunities for industry players.

Market Dynamics:

The global trucking market is influenced by several key drivers, restraints, and opportunities. The primary driver is the increasing demand for goods transportation across various sectors, including manufacturing, retail, and e-commerce. The growth of international trade and the need for efficient supply chain management further fuel the demand for trucking services. However, the market also faces restraints, such as the shortage of skilled drivers, rising fuel costs, and stringent government regulations related to emissions and safety standards. Additionally, the market is impacted by fluctuations in the global economy and geopolitical uncertainties. Despite these challenges, the trucking market presents significant opportunities for growth and innovation. The adoption of advanced technologies, such as telematics, GPS tracking, and route optimization software, enables trucking companies to enhance operational efficiency, reduce costs, and improve customer service. Moreover, the increasing focus on sustainability and the development of alternative fuel vehicles offer new avenues for market expansion. The rise of e-commerce and the demand for last-mile delivery services also create substantial growth opportunities for trucking companies, particularly in the LTL segment.

Key Features of the Study:

This report provides in-depth analysis of the global trucking market, and provides market size (USD Trillion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global trucking market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Daimler Truck AG, Volvo Trucks, Paccar Inc., MAN Truck & Bus, Scania AB, Navistar International, Hino Motors, FAW Jiefang, Ashok Leyland, Isuzu Motors, Tata Motors, CNHTC (Sinotruk), BYD Auto, Great Wall Motor, and Ford Trucks
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global trucking market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global trucking market

Market Segmentation

Truck Type Insights (Revenue, USD Tn, 2020 - 2032)
- Light-Duty Trucks (LDT)
- Medium-Duty Trucks
- Heavy-Duty Trucks
Service Type Insights (Revenue, USD Tn, 2020 - 2032)
- Freight Transport
- Last-Mile Delivery
- Specialized Transportation
- Rental & Leasing Services
Regional Insights (Revenue, USD Tn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Daimler Truck AG
- Volvo Trucks
- Paccar Inc.
- MAN Truck & Bus
- Scania AB
- Navistar International
- Hino Motors
- FAW Jiefang
- Ashok Leyland
- Isuzu Motors
- Tata Motors
- CNHTC (Sinotruk)
- BYD Auto
- Great Wall Motor
- Ford Trucks

Product Code: CMI7885

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Trucking Market, By Truck Type
- Global Trucking Market, By Service Type
- Global Trucking Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

4. Global Trucking Market, By Truck Type, 2020-2032, (USD Tn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Light-Duty Trucks (LDT)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Tn)
Medium-Duty Trucks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Tn)
Heavy-Duty Trucks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Tn)

5. Global Trucking Market, By Service Type, 2020-2032, (USD Tn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Freight Transport
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Tn)
Last-Mile Delivery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Tn)
Specialized Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Tn)
Rental & Leasing Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Tn)

6. Global Trucking Market, By Region, 2020 - 2032, Value (USD Tn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Tn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Tn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Truck Type, 2020 - 2032, Value (USD Tn)
- Market Size and Forecast, By Service Type, 2020 - 2032, Value (USD Tn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Tn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Truck Type, 2020 - 2032, Value (USD Tn)
- Market Size and Forecast, By Service Type, 2020 - 2032, Value (USD Tn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Tn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Truck Type, 2020 - 2032, Value (USD Tn)
- Market Size and Forecast, By Service Type, 2020 - 2032, Value (USD Tn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Tn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Truck Type, 2020 - 2032, Value (USD Tn)
- Market Size and Forecast, By Service Type, 2020 - 2032, Value (USD Tn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Tn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Truck Type, 2020 - 2032, Value (USD Tn)
- Market Size and Forecast, By Service Type, 2020 - 2032, Value (USD Tn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Tn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Truck Type, 2020 - 2032, Value (USD Tn)
- Market Size and Forecast, By Service Type, 2020 - 2032, Value (USD Tn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Tn)
  - South Africa
  - North Africa
  - Central Africa

7. Competitive Landscape

Daimler Truck AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Volvo Trucks
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Paccar Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
MAN Truck & Bus
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Scania AB
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Navistar International
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hino Motors
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
FAW Jiefang
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Ashok Leyland
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Isuzu Motors
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Tata Motors
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
CNHTC (Sinotruk)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BYD Auto
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Great Wall Motor
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Ford Trucks
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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