The report is a comprehensive presentation of trends, forecast and dollar values of global freight trucking market. According to report the global freight trucking market is projected to grow at a CAGR of 6.0% over the forecast period of 2018-2024.
Pune, India -- (SBWIRE) -- 10/26/2018 -- "Our latest research report entitled Freight Trucking Market (by cargo type (oil and diesel, dry bulk goods, postal and others), type (truck trailer, flatbed, lorry tank, and refrigerated truck), and end user (industrial and manufacturing, energy and mining, chemicals, pharmaceutical and healthcare)) provides complete and deep insights into the market dynamics and growth of Freight Trucking. Latest information on market risks, industry chain structure Freight Trucking cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Freight Trucking growth factors.
The forecast Freight Trucking Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Freight Trucking on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report."
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Uber Ups the Ante on Uber Freight Trucking Division
In August 2018- Uber Technologies is creating a standalone business out of its long-haul trucking business, Uber Freight, with plans to double its investment in the unit to drive growth ahead of a much-anticipated initial public offering.
Uber was abandoning its autonomous commercial vehicle research business a logical takeaway would be that the San Francisco-based tech company has soured on trucking. In fact, it appears Uber is doubling down on trucking.
Rise in the Trade Volume to Promote Growth in the Freight Trucking Market
Rising popularity of online shopping and speedy growth in the internet retailing market drives the growth of the freight trucking market. In addition, increasing urbanization and rise in the trade volume has resulted in an increase in the transport volumes. However, underdeveloped infrastructure in the emerging countries is likely to restrain the growth of the market. Furthermore, Freight trucks are now equipped with GPS tracking, temperature-controlled compartments, flatbed and load-to-road service, and a variety of additional capabilities. Hence, the technological advancements are providing several growth opportunities for the key players in the freight trucking market over the upcoming years.
Asia Pacific Region to Contribute To Growth in the Global Freight Trucking Market
Asia Pacific region dominates the global freight trucking market followed by the North America region. The growth in the Asia Pacific region is due to the largest revenue contributing countries such as India China and Japan. China is manufacturing hub of electronic equipment and components, moreover, this region also houses many OEM manufacturers, owing to China is the major exporter of electronic systems & components and OEM parts. India is also anticipated to become the leading region in the freight trucking owing to government policy such as Make in India which in turn, can create manufacturing business opportunity in this region. Also, India is a large country with vast sales & distribution network which will eventually help to boost freight trucking business.
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