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Trucking Transportation Logistics Market

Delivered February 13, 2020. Contributor: Jeffery O.

Goals

To provide an analysis of the trucking transportation logistics market by determining its market size, and the value of the market categorized by warehouses, distribution centers, and manufacturing plants.

Early Findings

  • As of 2018, the US business logistics market had a size of $1.6 trillion, representing 8% ot the national GDP.
  • According to the Americam Trucking Associations, the trucking segment of the US transport and logistics industry had a size of $700 billion in 2017. In terms of tonnage, this represented about 11 billion tons of freight.
  • In the global transport and logistics industry, the trucking/logistics segment account for the largest share of 35%.
  • The US trucking market is highly segmented. There are over 500,000 carriers in the market.
  • As of 2018, the global logistics market had a size of $6.1 trillion. This size is estimated to grow to $27 billion by 2023, growing at a Compound Annual Growth Rate (CAGR) of 7.6% 
  • Of the global logistics market, the parcels market accounted for 6%.
  • The North American logistics market accounts for 25.1% of the total global logistics market, while the European market accounts for 15%.
  • A complete breakdown of the global logistics market by segments (including trucking logistics) is shown here.

Summary

Initial research has shown that there is very little information regarding the segmentation of the trucking transportation logistics market by values of warehouses, distribution centers, and manufacturing plants. Since there was no region of interest speicified, information on different geographies have been considered in the presearch. More region-specific information can be provided upon further request. The unavailability of information regarding the trucking transportation logistics market segmented by warehouses, distribution centers, and manufacturing plants is most likely due to the nature of the industry. Our inital research shows that the transport and logistics industry is very much segmented.


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