TRUCKING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)

The 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, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2025 to 2032. 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