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Showing posts with the label Freight Trucking Market

Freight Trucking Market To Reach A Valuation Of ~US$ 6 Billion By 2027

According to the report, the global  freight trucking market  is projected to reach ~ US$ 6 Bn  by 2027, expanding at a CAGR of ~ 5%  during the forecast period. The growth of the freight trucking market can be attributed to increase in transport trade globally. In developing and major emerging economies, transportation of products and goods by means of roadways plays an integral role. Moreover, this mode of transport is cost-effective for door-to-door service owing to improved road infrastructure. This is anticipated to propel the freight trucking market during the forecast period. Expansion of Freight Trucking Market Surge in trade volume owing to rising bilateral trade among the countries is projected to boost the freight trucking market during the forecast period. China witnessed a surge in both general trade volume and proportion, escalating to  15.66 trillion  Yuan. China trade volume accounted for  56.4%  of total foreign trade. M...